Natural England says it will be challenging to keep King Charles's coastal path fully open in parts of the south.
British American Tobacco (BAT) is cutting 5,500 jobs and outsourcing 3,500 more, nearly a fifth of its global workforce, as part of a major cost-cutting drive to save £600m annually by 2028. The move aims to make the company more agile and technology-enabled amid declining traditional cigarette sales and challenges in the vaping market.
MetLife (MET) demonstrates strong fundamental momentum with 10% Q1 core premium and fee growth, driven by international and domestic demand. The company is leveraging AI for efficiency gains, targeting 20-25 bps annual margin expansion, and projects nearly 25% EPS growth over the next two years.
Trump Accounts, launching July 4, aim to help children build financial security. While offering early investing benefits, experts question if they will close the gender gap in retirement savings due to factors like lower earnings and caregiving responsibilities for women.
Prime Minister Sir Keir Starmer unveiled a £15bn increase in UK military spending, raising it to £80bn annually by 2029, to be funded by cutting other investment budgets, including some road and energy projects. The delayed plan aims to reverse the "hollowing out" of armed forces and has led to two ministerial resignations.
Lobbying efforts are intensifying against a proposed ban on defense contractors buying back their own stock, an amendment to the annual National Defense Authorization Act (NDAA). The House Rules Committee is considering the measure, which industry groups argue restricts corporate governance and capital allocation.
A builder who left families with unfinished extensions and water pouring into their homes has been jailed for two years. Christian Williams, 54, admitted theft and fraud, scamming victims out of over £30,000. He benefited £163,051 from his crimes but could only pay back £1.
