Business
The British business winners and losers after US £150bn investment pledge

Donald Trump’s UK state visit coincided with an announcement that US firms will invest round £150 billion into the UK.
The trip comes amid a key period for global trade, after the US president’s tariff plans led to significant trade tensions earlier this year.
Firms in some sectors have announced fresh commitments to pump billions into the UK, in a potential boost for Chancellor Rachel Reeves.
However, some industries criticised a lack of trade deal support and tough investment conditions in the UK.
So, which sectors have been winners and losers this week:
Winners
Tech
Technology firms have been at the forefront of the major investment deals into the UK.
On Wednesday, Prime Minister Sir Keir Starmer and Mr Trump announced a “tech prosperity deal” will see the UK and US co-operate in areas including artificial intelligence (AI), quantum computing and nuclear power.
America’s top technology companies announced £31 billion of investment alongside the announcement.
These included a commitment by Microsoft to invest £22 billion in the UK to fund an expansion of Britain’s AI infrastructure and the construction of the country’s largest AI supercomputer.
Nvidia boss Jensen Huang hailed a “big week for AI in the UK” as the US chip giant committed to supporting the development of the supercomputer.
The firm agreed to deploy 120,000 advanced processors across the UK to help improve infrastructure across the British AI sector.
Google committed £5 billion of investment, focusing on improvements in research and development and AI infrastructure.
There was also a raft of smaller investments by tech companies including AI cloud computing company CoreWeave, Salesforce and AI Pathfinder.
Defence
US software company Palantir announced plans to invest £1.5 billion in the UK’s defence sector, with funding going into the development of artificial intelligence-powered capabilities to speed up decision making, military planning and targeting.
Defence Secretary John Healey said the investment was a “major vote of confidence” for the UK.
Palantir said it plans to establish the UK as its European headquarters for defence, creating 350 “high-skilled” new jobs.

Manufacturing and R&D
There were a number of investments such as £3.9 billion from Prologis to drive growth in life sciences and advanced manufacturing.
US engineering firm Stax committed £37 million to expand its operations and pioneer emission-reducing technology used at ports.
Infrastructure
Private equity giant Blackstone said it plans to invest around £100 billion into assets in the UK over the next decade, in the single largest investment commitment.
This includes £10 billion of previously announced investment into its UK data centres.
Nuclear engineering company Amentum confirmed a £150 million investment in the UK and said it plans to create more than 3,000 new jobs, to increase its UK workforce by over 50 per cent over the next four years.
X-Energy and Centrica also said they plan to build up to 12 advanced modular reactors.
Losers
Steel
The steel industry was among the main sectors left disappointed by the president’s visit.
Plans for US tariffs on UK steel exports to be scrapped have been shelved, with the UK pausing its push to bring the levy down to zero.
UK steel exports to the US currently face a 25 per cent tariff, compared with 50 per cent for other nations.
Earlier this year, the UK and the US agreed for some UK steel to be exempt from tariffs.
Gareth Stace, director-general of industry trade association UK Steel, said it was “disappointing”.
Pharmaceuticals
As part of investments between the countries, UK pharmaceutical giant GSK revealed plans to put nearly £22 billion into US R&D and manufacturing over the next five years.
The government said the deal will “strengthen UK-US life sciences ties” but it comes amid a challenging backdrop for investment for the sector in the UK.
Last week, US-based Merck said its UK operation will scrap plans for a £1 billion site in Kings Cross, which had been due to open in 2027.
Bosses blamed the government for paying too little for medicines and not investing enough in the sector, as it confirmed the move, which will impact around 125 jobs.
Days later, AstraZeneca announced it had paused plans to invest £200 million at a Cambridge research site in the latest major blow for the sector.
Industry bosses told MPs this week that the “difficult” environment in the UK and pressure on pricing had made the UK a less attractive investment environment than other countries such as the US.
Mr Trump told reporters on Thursday that pharmaceutical firms were coming back to the US from other countries.
“Car companies are moving in, AI is moving in, everybody’s coming in… The drug companies are coming back, they all want to be there – they sort of have to be there – but they all want to be there.”
Business
University students like me are happier living at home – here’s why

Iolo CheungBBC Wales and
Ellie CarterBBC Wales

Leaving home to go to university was once considered a rite of passage.
But university student Kirsty Holpin, who lives with her grandmother and drives to lectures each day, says only two of her course mates actually live on campus.
“The rest of us travel in,” says the 23-year-old, who is one of a growing number of students choosing to live at home with family instead of moving into student digs.
UCAS figures suggest the number of students intending to live at home has doubled in the last 20 years, with rising rent cited as a major factor. Other reasons include shifting priorities towards academic study, rather than drinking and socialising.
Now in her third year studying psychology and criminology at the University of South Wales, Kirsty drives 35 minutes from her home in Fochriw, Caerphilly county, to the campus in Treforest, Rhondda Cynon Taf, to attend lectures.
“When we were pricing it up [for halls] it was extortionate,” she said.
“So as a family it was, ‘would you rather stay home, or go and basically work your butt off to make rent?'”
Kirsty admits that the decision did leave her more “isolated” when it came to social opportunities, but doesn’t regret her choice.
‘Not much of a drinker’
Kirsty admits living on campus would have given her a better social life.
“But I’m not much of a social drinker anyway,” she said.
“And I can always travel down to university if I need to for events, and make time for that.
“At home I have a brilliant, supportive environment, so I can get everything done like assignments – if I was at uni halls, I probably wouldn’t have achieved as much as I have.”
She says blended learning has made things easier for her and others, with more lectures now having the option of being attended remotely.
And without the need to be on campus every day, some students are going to extreme lengths.
“There’s a girl I met last year who was travelling from the West Midlands,” says Kirsty.
“She said it’s much easier to book a hotel room and spend £90 a night when she needs to come down, than spend £600 on rent.”
A recent survey by campaign group Save The Student found that 15% of students in the UK now live with parents or guardians – an increase from 12% in 2020 – with average travel times to campus also rising from 21 to 26 minutes.
“It doesn’t sound like a huge change, but if you look at it in terms of the number of students across the UK, that is quite a significant movement,” said spokesperson Tom Allingham.
In Wales, students now spend an average of £473 a month on rent, while in England the average figure is £556 and in Scotland it is £663, according to Save The Student.
“It’s no surprise that we’re seeing this change, because of factors like the availability and cost of housing, and bills,” says Deio Owen, president of the National Union of Students (NUS) in Wales.
“And stories we see all the time about problems in student housing doesn’t help the narrative, it doesn’t entice people to move to student accommodation.”
But priorities may also have shifted, says Mr Owen, with many students not feeling that a campus lifestyle is key to their university experience any more.
“The traditional idea of people going to university to go out drinking and stuff, that’s not necessarily the de facto behaviour of students anymore,” he says.
“People are deciding to stay in, do sober socials, and students’ unions are key for that to work.
“So it’s crucial that any students who decide not to move to a campus-based university, or close by, don’t miss out on that socialising.”

Isaac Williams, 20, is studying for a Culinary Arts degree at Coleg Llandrillo in Conwy, and says living at his family home and travelling 15 minutes to campus each day “just made sense”.
For him, academic and financial considerations are more important factors than socialising.
“I just want to go to uni so I can get my degree, and have a more successful career,” he says.
“I’ve got a group of friends from other aspects of my life.
“And I have an older brother who’s also staying at home while doing a uni degree. So it just works out well money-wise.”

‘I was getting crazy fomo’
But at the University of South Wales’ freshers event in Cardiff, many students were still keen to embrace the chance to move out of their parents’ house while studying.
“It was just to get the taste of independence, a sort of practice run for living on your own,” said Sophie Davies, 20, from Neath.
Her friend Morgan Lees, 18, from Merthyr Tydfil, added: “Staying at home while being at uni takes away some of the social aspects of it, and that was really important for me.”
Sophie Evans, 20, from Pontypridd, Rhondda Cynon Taf, started off living at home – but only took a month to change her mind and move into university accommodation.
“Everyone else was going out and stuff, I was getting crazy fomo [fear of missing out], and I was booking hotels or staying with people,” she said.
“So I thought it was better if I move away and have that sense of independence, and I did – having to budget by myself and live like a functioning person.”
Joe Williams, 20, from Swansea said the social life had been a key factor in choosing to live on campus.
“Just being around everyone, it was easy,” he said.
“I go back [home] often enough. The costs aren’t too bad, and I was going back home on weekends to work, so it was OK.”
Business
‘Feel pain for investors who lost money’ – The Times of India

MUMBAI: Adani Group chairman Gautam Adani welcomed Sebi’s decision dismissing the allegations made by the US-based short seller Hindenburg Research. He also expressed sympathy for investors affected by the Jan 2023 Hindenburg report and called for an apology from those “spreading misleading narratives”. The infra tycoon, through a post on X, said: “After an exhaustive investigation, Sebi has reaffirmed what we have always maintained, that the Hindenburg claims were baseless… We deeply feel the pain of the investors who lost money because of this fraudulent and motivated report. Those who spread false narratives owe the nation an apology.”
Business
Hyundai outlines ambitious U.S. growth plans weeks after ICE immigration raid at battery plant

Jose Munoz, president and CEO, Hyundai Motor Company, speaks during a media tour and grand opening at the Hyundai Motor Group Metaplant America, March 26, 2025, in Ellabell, Ga.
Mike Stewart | AP
NEW YORK — Hyundai Motor reinforced aggressive growth plans Thursday through the end of the decade, despite lowering its profit outlook for the year due to tariffs.
The new targets call for an operating profit margin this year of between 6% and 7%, down from 7% to 8%, and an increase in revenue of between 5% and 6% — up 2 percentage points — compared with 175.2 trillion South Korean won (US$12.7 billion) in 2024.
The South Korean automaker revised its financial targets Thursday ahead of a CEO investor day in New York City. It is the first time the company has hosted the event outside of South Korea as well as the first time CEO José Muñoz — who was promoted to the top job at the automaker beginning this year — led the meeting.
Along with revising financial targets, the world’s third-largest automaker reconfirmed its ambitious growth plans that include increasing annual sales to 5.55 million by 2030. Such results would mark a roughly 34% increase from its global sales last year of 4.14 million units.
Muñoz opened the meeting by discussing the company’s expansion plans, largely fueled by the U.S., which he called the “engine of growth” for the automaker. Hyundai is currently in the process of investing $26 billion from 2025 to 2028 to expand its operations in America.
“This isn’t just about tariff mitigation, it is about building the most advanced, efficient manufacturing ecosystem in the automotive industry,” he said during the event, adding the U.S. is its largest opportunity for expanding localized manufacturing.
Hyundai aims to have more than 80% of its U.S. vehicle sales be produced locally by 2030. That compares to roughly 40% currently. That is expected to include a Hyundai-developed midsize pickup truck as well as potentially a more rugged SUV than the company currently offers, Muñoz said Thursday.
“I think it’s long overdue,” Muñoz told reporters after the event, calling it “a big opportunity.”
The CEO investor event is occurring at an inopportune time for the company, as well as relations between the U.S. and South Korea.
A masked federal agent wearing a Homeland Security Investigations vest guards a site during a raid where about 300 South Koreans were among 475 people arrested at the site of a $4.3 billion project by Hyundai Motor and LG Energy Solution to build batteries for electric cars in Ellabell, Georgia, U.S. September 4, 2025 in a still image taken from a video.
U.s. Immigration And Customs Enf | Via Reuters
The New York meeting comes weeks after hundreds of workers were arrested during an immigration raid at a jointly owned battery plant between Hyundai and LG Energy Solution in Georgia.
About 475 workers, including more than 300 South Koreans, were arrested in the Sept. 4 raid at the plant in Ellabell, Georgia, according to U.S. immigration officials. Many workers who were detained returned home via a chartered plane following discussions between South Korea and U.S. officials.
Muñoz confirmed Thursday that those detained worked for suppliers, with no Hyundai employees being arrested.
The raid, which was the largest single-site enforcement operation in the U.S. Department of Homeland Security’s history, was conducted over suspicions about “unlawful” visas or immigration status of workers at the site, U.S. officials have said.
At the beginning of the Thursday meeting, Muñoz expressed “our sincere empathy” for the workers and their families who were impacted by the raid. He said he hopes the U.S. and South Korea can work together to resolve the issue and continue the healthy relationship between the two countries.
“As our executive chair said last week, we hope the U.S. and Korea can work on mutually beneficial solutions for short-term business travel, especially for specialized technical expertise,” Muñoz said.
His comments on visas echoed those from Bob Lee, North American president of LG Energy Solution. Lee on Monday said that may be the “one positive” to come from all this and expressed optimism about the company being able to avoid such actions in the future.
“We’re very supportive of this and we’re cautiously optimistic that this type of thing will not happen again,” Lee said at a Center for Automotive Research conference in Detroit.
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