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Business

  • PayPal teams up with OpenAI to enable payments in ChatGPT

    October 29, 2025

    PayPal has announced a deal with Sam Altman’s OpenAI to embed its digital wallet directly into ChatGPT, allowing its users to shop and pay for products through the AI platform starting in 2026. Under the agreement, PayPal’s global network will be linked to OpenAI, enabling millions of items to be purchased instantly within ChatGPT. This [...]

  • America’s Cup chaos as US entry withdraws two days before deadline

    October 29, 2025

    US sailing team American Magic has withdrawn from the next America’s Cup after British entry Athena and holders New Zealand signed a new commercial deal. American Magic, whose founders include Indianapolis Motor Speedway owner Roger Penske, cited issues with the present structure, insisting it “does not provide the framework for American Magic to operate a [...]

  • Autumn Budget: Rachel Reeves pledges to beat ‘gloomy’ economic forecasts

    October 29, 2025

    Rachel Reeves has insisted that the UK can overcome bleak forecasts that look set to box her into manifesto U-turns and further tax hikes.  The Chancellor wrote in The Guardian that she is “determined not to simply accept the forecasts”, pointing to interest rates cuts and trade deals as examples of Britain on the right [...]

  • Reform pledges £9bn welfare savings as Tories urged to apologise

    October 29, 2025

    Reform UK has laid out a smaller savings package on disability payments than one planned by the Tories as opposition parties vie to gain credibility on welfare reform.  Reform UK’s Lee Anderson, the party’s spokesman for welfare, set out plans on curbing personal independence payments (Pips) for under 25-year-olds and for people with “non-major anxiety”.  [...]

  • Supreme CBD: Celeb-backed brand rapped for third time by advertising watchdog

    October 29, 2025

    Supreme CBD, the brand founded by ex-boxer Anthony Fowler and endorsed by former Premier League footballers, has been forced to remove an advert for claiming its products could treat anxiety and depression. The Advertising Standards Authority upheld a complaint that an ad Fowler published on his Instagram account in May touted Supreme CBD as a [...]

  • Complaints to banks ombudsman fall after Treasury clamp down

    October 29, 2025

    Complaints to the banking ombudsman have tumbled in the three months to September 2025 after the Treasury launched its own clamp down. The Financial Ombudsman Service (FOS) recorded 46,300 complaints in the quarter, down from 73,700 in the same period last year. In the three months to June, 68,000 complaints were recorded. The fall followed [...]

  • GSK shares jump as profit upgrade defies tariff gloom

    October 29, 2025

    Shares in GSK climbed as much as three per cent to 1,705p on Wednesday morning as the pharma giant defied tariff fears with an upgrade to its profit guidance. The London-based business said it now expects turnover to increase by six to seven per cent for the full year 2025, up from its previous guidance [...]

  • Santander UK boss: Government must overrule FCA on motor finance

    October 29, 2025

    Santander UK has said it will delay its third-quarter earnings report due to “uncertainty” following the financial watchdog’s motor finance redress scheme. The Spanish banking giant was due to publish its financial report for the third-quarter on Wednesday but has put it on hold “pending greater clarity regarding the [Financial Conduct Authority]’s proposals”. The bank’s [...]

  • WH Smith delays results by more than a month as accounting struggles persist

    October 29, 2025

    WH Smith has delayed the publication of its results by more than a month as it wrestles to get to the bottom of accounting issues that caused profit expectations to be overstated by tens of millions of pounds. The global travel retailer was due to publish its preliminary results on 12 November, but has now [...]

  • Exclusive: Budweiser to challenge Heineken for Uefa Champions League deal

    October 29, 2025

    Uefa’s long-standing Champions League beer partners, Heineken, are facing competition from Budweiser for the contract to be the competition’s official suppliers from 2027 onwards. City PM has learned that Budweiser’s parent company, AB InBev, are willing to pay Uefa €200m per season, a significant increase on the €120m-a-year they are currently getting from Heineken. Budweiser [...]

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