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As of January 2026, the FTSE 100 has surpassed the 10,000 mark for the first time, capping a 21.5% gain in 2025 driven by mining, defence, and financial sectors. This milestone comes amid ongoing political upheaval in Venezuela following the US capture of President Nicolás Maduro, which has spurred investor interest in Venezuelan debt and defence stocks, while oil prices remain pressured.
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Rising use of GLP-1 weight-loss drugs is impacting UK food sales, with retailers noting increased demand for healthier options and smaller portions. Major chains like Tesco, Sainsbury's, Greggs, and M&S are adapting to changing consumer habits driven by these medications, which influence eating patterns and preferences.
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Retailers in the UK are cautious ahead of the November 26 Budget, fearing tax hikes and economic uncertainty. Industry leaders warn that upcoming fiscal policies could slow consumer spending, with recent cost increases already impacting profits and prices. Meanwhile, supply chain pressures and inflation persist across sectors.
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The Bank of England's latest Financial Stability Report highlights increased risks to the UK financial system from cyberattacks, geopolitical tensions, and inflated tech valuations, especially in AI. Major firms like JLR and retailers have faced cyber incidents this year, raising concerns about systemic vulnerabilities.
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Tesco's UK and Ireland like-for-like sales rose 3.3% over the six weeks to January 3, driven by growth in fresh food and its Finest range. Despite market share gains, shares fell 6% as sales growth missed expectations amid fierce sector competition.
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Next reports a 5.9% rise in UK full-price sales for the nine weeks to December 27, with overseas sales up 38.3%. It now expects profits to reach a31.15bn for the year, but warns of slower growth in 2026-27 due to economic pressures and rising unemployment.