News

The UK government must overhaul its approach to public sector procurement if it is serious about backing British innovation, according to Justin Megawarne, managing partner at Megaslice, who has accused Whitehall of hiding behind rigid frameworks and “arbitrary scoring systems”. Megawarne’s comments follow the decision to award Fujitsu a place on a government framework worth up to £984 million, despite the company’s central role in developing and supporting the Post Office Horizon IT system. The...

NatWest has agreed a £2.7 billion deal to acquire Evelyn Partners in its largest corporate takeover since the banking group was rescued by taxpayers during the financial crisis, and its most significant acquisition since returning to full private ownership. The purchase of the wealth manager from private equity firms Permira and Warburg Pincus, combined with NatWest’s existing Coutts franchise, will create the UK’s largest private banking and wealth management business. The enlarged group will oversee...

The growing use of weight-loss injections could dent demand for sausage rolls and pastries at Greggs, potentially depriving the bakery chain of some of its most lucrative customers, according to City analysts. The warning comes as Greggs continues to grapple with slower sales growth since mid-2024, a period that has prompted investor speculation over whether the UK has reached “peak Greggs”. The company has attributed its softer performance to fragile consumer confidence and last summer’s...

As artificial intelligence continues to redefine how information is created, summarized, and distributed, news organizations face one of the most significant structural challenges in modern media history. Search engines increasingly rely on AI-generated responses, social platforms prioritize algorithmic summaries, and audiences often encounter journalism through fragments rather than full articles. At the center of this transformation is Dev Pragad, President, Chief Executive Officer, and co-owner of Newsweek, who has emerged as one of the most...

We are now in a time of manufacturing where precision is more than a technical necessity; it’s a business requirement. The more complex, globally dispersed and demanding things get, the less slack remains in the system. Under these circumstances tolerance management has become a decisive competence and affects competitiveness not only in terms of controlling costs, ensuring quality and improving production efficiency but also for long term market success. What once was a niche engineering problem tolerance management...