Business News

McLaren Racing is on track to become the first Formula One team to notch up $1bn in revenues this year, in the slipstream of Championship-winning performances which fuelled a record payout to its boss, Zak Brown.

The price of diesel has hit a record UK high, with experts warning of a toxic cocktail of pressures set to drive the cost into uncharted territory.

Revolut, Britain's most valuable fintech, is among a pack of challenger banks urging the chancellor to remove the threat of an immediate tax raid on the sector in his budget next month.

Avanti West Coast will be nationalised as of March next year, Transport Secretary Heidi Alexander has announced.

Microsoft founder Bill Gates has warned that getting countries to agree on a global framework for AI could be more difficult than Cold War-era negotiations to restrict nuclear weapons.

Advent International, the private equity firm, is interested in buying a stake in Monzo, the British neobank which is in talks about a takeover which could value it at as much as £10bn.

Heathrow Airport's third runway has been delayed by four years and won’t be ready until 2039.

A new scheme will support first-time home buyers who can't rely on the "bank of mum and dad", Andy Burnham has announced.

The English Football League wants top flight clubs to hand over more than £1bn during the next five years in order to end the long-running impasse over a financial redistribution deal.

Replacing the UK's current windfall tax on oil and gas companies could cost the country up to £8.6bn by 2030, campaigners are warning.