When Will the UK Have Its First £100 Billion Tech Firm?

James Wise, general partner at Balderton Capital, says the UK could soon have its first £100 billion tech company. Wise, who also serves as chair of the UK Government's Sovereign AI fund, says policymakers must work with investors to help British firms scale globally.

Bloomberg Technology • 6 hours ago

Britain says full import ban on Russian diesel, jet fuel will happen by 2027

Britain on Friday said that a full ban on ​diesel and jet fuel made ‌in Russia would happen by 2027 as it set out its timeline ​to end a temporary licence ​for Russian oil products.

Reuters • Jun 12, 2026

AI Boom in London | Bloomberg Tech: Europe 6/12/2026

In this episode of Bloomberg Tech: Europe, Bloomberg's Tom Mackenzie dives into London's AI boom. The UK capital is on a tear, with Britain leading the AI wave in Europe, so what's behind the explosive growth and how did London become a global center for artificial intelligence?

Bloomberg Technology • Jun 12, 2026

FTSE 100 edges higher as investors balance financial recovery and AI risks

London's FTSE 100 index moved higher on Thursday, supported by a rebound in financial stocks, although gains remained constrained by ongoing tensions in the Middle East and growing investor concerns over rising corporate spending on artificial intelligence. The blue-chip FTSE 100 climbed 0.6% to 10,316.05 points by 0917 GMT.

Invezz • Jun 11, 2026

UK equities hover at three-week lows as investors assess global risks

UK equity markets remained close to three-week lows on Wednesday as investors weighed ongoing geopolitical risks in the Middle East, corporate earnings developments, and the potential implications of upcoming US inflation. The benchmark FTSE 100 and the mid-cap FTSE 250 indexes both posted modest gains in early trading.

Invezz • Jun 10, 2026

10 Years of Brexit: What's the Cost and What's Next?

Ten years after Brexit, analysis published by Bloomberg on Tuesday shows that the UK's vote to leave the European Union may have already cost the British economy between 2% and 4% of gross domestic product. Dan Hanson of Bloomberg Economics explains.

Bloomberg Markets and Finance • Jun 9, 2026

UK consumers up their spending in May after April drop

Consumers in Britain increased their spending in May after reducing it in April, but their expenditure on travel dropped for ​a third month in a sign of caution over the ‌economic impact of the Iran war, surveys showed on Tuesday.

Reuters • Jun 8, 2026

‘Weak, weak, weak': Chief UK Economist on labour market

Deutsche Bank's Chief U.K. Economist Sanjay Raja discusses challenges in the labour market, saying companies are investing in digitalisation, automation and AI instead of hiring people.

CNBC International TV • Jun 5, 2026

BOE Survey Finds Businesses Expect to Raise Prices at Faster Rate

U.K. businesses polled in May expected to raise their prices at a faster rate, but wage increases were seen slowing, according to a Bank of England survey released Friday.

WSJ • Jun 5, 2026

FTSE 100 drops amid China banking concerns and falling oil prices

The UK's benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines in Asia-focused lenders and miners after reports of tighter offshore banking restrictions in China. Lower crude oil prices also dragged energy stocks lower, adding to the market's weakness.

Invezz • Jun 4, 2026