Business

Transport Secretary Seeks Answers from Nats Chief After Air Traffic Disruption The transport secretary has called upon the head of the UK’s air traffic control service, Nats, to explain the technical failure that caused widespread flight cancellations and delays on Wednesday. Heidi Alexander stated she would meet with Martin

Shell Reports 32% Drop in Quarterly Profits Amid Lower Oil and Gas Prices Shell’s earnings fell by nearly a third in the last quarter as the company faced declining revenue from oil and gas operations. The energy group reported adjusted earnings of $4.26 billion for the second quarter

Shell's $4.3bn Earnings Draw Criticism; Rolls-Royce Increases Forecast by £400m Today’s focus is on business and financial updates, with major earnings reports from key companies. Shell reported $4.3bn (£3.2bn) in adjusted earnings for the second quarter of 2025, surpassing analyst expectations of $3.7bn

Keir Starmer has urged businesses that habitually delay payments to suppliers to settle their debts promptly, as the government plans to introduce fines for repeat offenders. In what has been described as the most significant effort in years to tackle overdue payments, business secretary Jonathan Reynolds will announce on Thursday

The head of the Bank of England intervened to stop a planned meeting between Rachel Reeves, regulatory officials, and Revolut, citing concerns that the chancellor was interfering in an independent review of the fintech firm’s banking licence application. Andrew Bailey stepped in after becoming aware of the proposed discussion

The US Federal Reserve is set to announce its latest decision on interest rates today, following strong urging from Donald Trump to reduce them. Despite repeated criticism from the White House, officials at the central bank are likely to keep rates steady. The Federal Open Market Committee (FOMC) meets eight