Pizza Hut is to close 68 restaurants and 11 delivery sites in the UK with the loss of 1,210 jobs, after the firm running them fell into administration, BBC.com reported. DC London Pie Limited, which operates Pizza Hut's UK restaurants, appointed FTI Consulting as administrators on Monday. However, Pizza Hut's global owner Yum! Brands has agreed to save 64 restaurants, preserving 1,276 jobs. Pizza Hut is well known for its family-friendly dining and salad bar, but its UK business has been struggling and had previously gone into administration less than a year ago.

Bank of Ireland could more than double the provision set aside to deal with the fallout from the UK motor finance commissions scandal, now estimating it could have to pay out about £350 million (€403 million), it said on Monday, the Irish Times reported. The bank had set aside just £143 million, although in recent weeks admitted it would have to hike the amount after regulators unveiled a planned industry-wide compensation scheme.

The number of people going financially insolvent across England and Wales in September was 7% higher than a year earlier, according to Insolvency Service figures, PAMedia.com reported. Some 11,101 people entered insolvency in England and Wales, which was 3% lower than in August 2025 but 7% higher than in September 2024. This was made up of 622 bankruptcies, 3,985 debt relief orders (DROs) and 6,494 individual voluntary arrangements (IVAs).

Thousands of people in Britain are suing the health care giant Johnson & Johnson over claims that the company’s baby powder caused cancer, mirroring a long-running litigation battle in the United States over the talc-based product, the New York Times reported. More than 3,000 people have joined the lawsuit, which was filed in Britain’s High Court on Tuesday. The initial value of the claim is 1 billion pounds ($1.3 billion), said KP Law, which filed the case on behalf of the individuals. It is the first group claim against the company in Britain.

Britain’s economy expanded only slightly in August, entrenching a period of slow growth after the fast clip at the start of this year, the Wall Street Journal reported. Economic activity rose 0.1% on month, the Office for National Statistics said Thursday, after gross domestic product fell a downwardly revised 0.1% in July. The U.K.’s economy grew at a strong pace in the first quarter of 2025, partly on a surge in exports as U.S. importers raced to get ahead of an anticipated rise in tariffs.

Rachel Reeves has signalled she will target tax rises on assets rather than earnings in the Budget as she ramps up her war on wealth, the Telegraph reported. Just weeks before she delivers her second Budget, the Chancellor said those with the “broadest shoulders” should contribute more to balancing the books. She also suggested higher earners would not be the main target of her tax raid. Her latest comments will raise fears that Ms Reeves is preparing to target pension wealth or family homes to plug a black hole left by about-turns on welfare reform and higher borrowing costs.

The former owner of Thames Water has expanded its sprawling network of UK assets by taking control of London City Airport, The Telegraph reported. Australian investment giant Macquarie is to acquire a further 50pc stake in the capital’s business travel hub, just four months after acquiring an initial 25pc. While the value of the London City deal was not disclosed, it is believed to be worth billions of pounds and comes after Macquarie announced plans last year to invest £20bn in the UK.

Quantuma’s Andrew Watling and Duncan Beat, the joint liquidators of La Perla, which traded as Global Management (UK) Limited, have finalised the sale of the lingerie business and its Italian factory to American billionaire businessman Peter Kern, who is the former CEO of Expedia travel group, Business & Accountancy Daily reported. The business first faced problems in 2023 when HMRC issued a winding up order due to a £2.8m unpaid tax bill forcing the business to the wall.

The U.K.’s labor market loosened a little in the three months through August, with unemployment creeping up and wage growth slowing, as firms continued to hold back from hiring, the Wall Street Journal reported. The unemployment rate climbed to 4.8%, from 4.7% in the three months through July, the Office for National Statistics said Tuesday. The jobless rate, which has slowly risen from a low of 4.0% in the summer of 2024, was higher than consensus expectations from economists polled by The Wall Street Journal that it would stay the same.