Business

• The number of small businesses in the United States continues to grow amid entrepreneurial optimism. • Owners report increasing difficulty securing startup capital needed to launch and expand operations. • Policies associated with President Trump are cited by business leaders as dampening access to financing for new entrepreneurs pursuing the American Dream.

ABF, which owns Kingsmill, Twinings and Patak’s, to demerge fashion chain to maximise shareholder returnsBusiness live – latest updatesPrimark is to break free from its sister food company, which owns Twinings, Kingsmill and Patak’s, next year despite warning that the conflict in the Middle East is likely to hit consumer spending.The fashion chain’s owner, Associated British Foods (ABF), confirmed the plan to split off Primark from the rest of the group, first mooted last year. Continue reading...

Retail analysts say breaking up food and fashion group would make sense in challenging business environmentPrimark may break free from Kingsmill, Twinings and the sugar business this week when Associated British Foods announces plans on a mooted demerger.The potential split comes at a tricky time for the group controlled by the billionaire Weston family, with its fashion and food arms facing tough competition and rising costs. Continue reading...

Scheme cutting bills by up to 25% expanded to cover 10,000 firms, but they will not be paid until next yearRachel Reeves has announced an expansion of support for the most energy-intensive UK businesses, as they face soaring bills as a result of the Middle East conflict.The chancellor said the long-promised British Industrial Competitiveness Scheme (BICS) would be expanded to cover 10,000 companies, up from the 7,000 originally announced. Continue reading...

Deal will create pensions and savings group with 16m customers and £480bn of assets, while Aegon focuses on USThe Dutch financial services group Aegon has struck a £2bn deal to sell off its almost 200-year-old UK arm to Standard Life, as part of a US push in which the group will be rebranded as Transamerica.Standard Life, previously known as Phoenix Group, said the deal to buy Aegon UK will create a pensions and savings group with 16 million customers and £480bn of assets under administration. Continue reading...

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chairBusiness live – latest updatesHSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict.Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a HSBC conference in Hong Kong: “We’re saddened and concerned with what’s happening in the Middle East, and we’re concerned not just with what’s happening but also with how long this will take. Continue reading...

• The U.S. Chamber of Commerce released its Q1 2026 Small Business Index on April 7, 2026, showing the index declined to 67.0 from 68.4 in the previous quarter, though it remains above the 62.3 score from a year ago. • Inflation reclaimed the top concern among small business owners at 53%, up from 45% last quarter, marking 17 consecutive quarters as the dominant worry; hiring and investment plans are cooling as economic confidence softens. • Cash flow comfort among small business owners has declined, with only 20% reporting being "very comfortable" compared to 31% in Q3 2025, though 72% overall maintain comfort levels; manufacturing firms lead at 81% comfort while retail and professional services lag at 69-70%.