Jaguar Land Rover aims to restart limited production after cyber-attack

Some factory workers at Jaguar Land Rover (JLR) returned to work on Monday, with the British manufacturer hoping to start making a limited number of cars as soon as this week after a crippling cyber-attack.The first factory expected to restart production is at Wolverhampton in the West Midlands, where JLR makes engines. Some workers are understood to have returned to the site on Monday.Suppliers have also been told JLR may look to restart limited production at its factories in Nitra, Slovakia, and Solihull in the West Midlands by the end of this week, according to two people with knowledge of the situation. Nitra makes JLR’s Land Rover Defender, while Solihull – JLR’s biggest site – produces the Range Rover, its flagship luxury model

As London stock market listings show signs of life, Reeves must add momentum | Nils Pratley

After the drought, here comes the rain. Well, more of a light drizzle actually, but three flotations or float announcements in the space of a few days will be a relief for the parched London Stock Exchange.The biggest is Shawbrook, a bank focused on buy-to-let mortgages and lending to small businesses. It was taken off the market in 2017 by a pair of private equity firms, BC Partners and Pollen Street, and should now return by the end of the year with a likely £2bn-ish valuation.The timing is superficially odd because the talk is of higher taxes on banks in Rachel Reeves’s budget next month, but makes sense in other ways

France is in crisis but bond markets leave other governments at risk of meltdown too

Sébastien Lecornu’s abrupt resignation as the French prime minister on Monday after less than a month in the role marked the latest clash between France’s stretched public finances and its polarised politics.Lecornu was the latest prime minister to try and fail to cobble together a package of spending cuts and tax rises that would pass muster in a parliament without a clear majority, and contain mounting bond market pressures.Emmanuel Macron is left with the choice of appointing yet another premier to try their luck with the political maths – or resigning himself. Not surprisingly, markets were rattled by the news on Monday.France’s travails are particularly acute, but the president is far from alone in 2025 in trying to grapple with a mismatch between overstretched public finances and a weary electorate with little appetite for budget cuts

Tax authorities examine finances of key Nigel Farage ally

The finances of one of Nigel Farage’s key confidants are being examined by the UK’s tax and revenue authorities amid questions over his income from wealth and business activities, the Guardian understands.The scoping exercise by HMRC is said to be focused on tax residency and the business affairs of George Cottrell, whom Reform UK’s leader Farage has described as “like a son to me”.Known as “Posh George”, Cottrell, 31, leads an expensive lifestyle, frequently travelling around the world and regularly using a £4m house in one of the wealthiest areas of west London.Cottrell has emerged as a senior figure within Reform’s leadership and supporter network at a time when the party is surging ahead in the polls.A recent BMG poll for the i newspaper put the party on 35% – 15 points ahead of Labour

Politics drives markets: euro and Paris stock market slide amid French political crisis; Japanese stocks surge after Takaichi’s victory– business live

Newsflash: France’s stock market has suddenly lurched lower, as political turmoil in Paris ratchets up a notch.The CAC 40 share index has tumbled by 1.8%, following reports that France’s new prime minister, Sebastien Lecornu, has reportedly resigned!That’s a remarkable development, as Lecornu took office less than a month ago, and unveiled key members of his new government only yesterday.These news alerts, from Reuters, came just before the market tumble:06 Oct 2025 08:42:42 - NEW FRENCH PM LECORNU HAS PRESENTED HIS RESIGNATION TO MACRON - BFM TV CITING ELYSEE06 Oct 2025 08:43:12 - ELYSEE: MACRON HAS ACCEPTED RESIGNATION OF PM LECORNUTime to wrap up….Political drama in Paris and Tokyo have gripped investors today, with mounting anxiety over politicians’ ability to address rising government debt levels

UK regulators step up crackdown on firms chasing cut of car finance payouts

UK regulators have shut down some claims companies and ordered others to stop taking on clients as they step up a crackdown on firms making misleading statements about car finance compensation.Four regulators have joined forces to tackle a wave of bad practices among claims management companies (CMCs) and consumer law firms that are attempting to grab a slice of the billions of pounds in compensation set to be paid to victims of the car finance commission scandal.On Tuesday the Financial Conduct Authority is due to announce more details of a planned official compensation scheme for people who have lost out, which should mean payouts begin next year.Millions of people are in line for compensation after a supreme court ruling in August. This largely overturned an earlier ruling that could have led to compensation payouts of up to £44bn but will still result in a redress scheme covering some car loans dating back to 2007 that could mean up to £18bn is paid out