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Best Global HR Software for UK Businesses

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Across industries, the past two decades have signalled a huge transformation or turning point. Traditional business methods that were rooted in physical space and relied on face-to-face interaction and habits that had been built over previous decades suddenly were reshaped by technology.

Picture a company headquartered in Manchester that has just hired its first two engineers in Berlin and a sales lead in Lisbon.

Its founders built the business on UK payroll, PAYE, and pension auto-enrolment, and now they need a single system that protects those British obligations while onboarding people in countries they’ve never employed anyone in before. That search almost always starts with a hunt for the best global HR software, and the results seldom arrange themselves into a clean ranking.

A flat top-10 list hides the thing that matters most to a UK buyer: two tools can both call themselves global HR software and solve different problems. One runs your system of record and your HMRC payroll. Another employs staff in Portugal on your behalf so you skip setting up a local entity. This guide groups the platforms by what they do, so you can match a category to your need instead of comparing a core HR suite against an employer of record as though they were the same purchase.

One rule holds across every category. For a UK business, GDPR and employment compliance aren’t features to shop for, they’re the baseline. Any platform worth a shortlist has to keep clean records for HMRC Real Time Information and pension auto-enrolment, and store personal data in line with UK GDPR. The list below assumes that floor and judges each tool on what it adds above it.

What to look for in global HR software for UK businesses

Before you book a single demo, get clear on which problem you’re solving. A 40-person UK company adding a handful of European hires wants a different shape of tool from a 2,000-person group running payroll in nine countries. These five questions sort the field fast.

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  • UK compliance baseline: Does it handle PAYE, RTI submissions, statutory sick pay, and auto-enrolment without a manual workaround, and can it keep the multi-year leave records UK law now expects?
  • Multi-country coverage: Can one record hold an employee in Leeds and a colleague in Warsaw, with local workflows and languages, or does each country need its own bolt-on?
  • Payroll model: Is UK payroll native or run through a partner, and how does pay get processed everywhere else, in-house or through connected local providers?
  • Data residency and GDPR: Where does employee data sit, and can you prove lawful handling under UK GDPR to an auditor or a works council?
  • Integrations: Does it connect to your finance system, identity provider, and job boards through a real marketplace, or through brittle one-off exports?

Hold those five up against every tool below, starting with the platforms built to be your system of record.

All-in-one core HR platforms for UK global teams

These platforms own your people data and run day-to-day HR. They’re the system of record a growing UK business sits on top of, and the best of them carries your British compliance while giving people in every office a modern experience. The strongest all-rounder for a UK company going global leads this group, and the list as a whole.

1.    HiBob

Bob, HiBob’s HR platform, fits the company this guide opens with: a UK business with people spread across borders. Bob Core holds one set of records for every employee, whether they sit in Bristol or Barcelona, with local workflows and languages on a single data model rather than a separate instance per country. That multi-country core is what makes it a natural fit for a UK head office adding teams across Europe.

For UK teams, the compliance story runs deep. Bob meets UK GDPR, giving a data protection officer the access controls and audit-ready history they want to see, and its native UK payroll files with HMRC and supports IR35, so PAYE and year-end forms like the P60 stay in the same system as your HR records. Where you already run local payroll abroad, the Payroll Hub connects those providers into one dashboard instead of asking you to rip them out. An open marketplace and APIs connect Bob to your finance and identity stack, with SSO handling access.

The honest catch: pricing comes through a demo, not a public rate card, and Bob is foundation-first, so a customer commits to Bob Core and then switches on Talent or Payroll on top. For a UK business that wants its system of record and its HMRC payroll under one roof, that foundation-first model is the point rather than a drawback.

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Where it fits: UK-headquartered companies with international teams that want core HR and UK payroll in one modern system, with global payroll coordination on top.

Price: Not published; HiBob builds a quote around your headcount and the suites you add, arranged through a demo.

2.    BambooHR

BambooHR is one of the most familiar names in people-focused HR, and reviewers reward it with an average of 4.4 on G2 drawn from more than 5,000 reviews. Its clean interface makes core HR and onboarding approachable for a UK team that’s outgrowing spreadsheets. For a business whose workforce is based in the UK, that simplicity is a genuine strength.

Two limits show up as UK companies scale abroad. Customisation is shallow, so teams that want to reshape workflows or reporting hit a wall, and limited customisation is the platform’s most common review complaint. Its global depth is thinner than its US-centric roots suggest, which matters once you’re running people and pay across several countries. UK payroll and international payroll both lean on partners rather than a native engine.

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Where it fits: Growing UK teams that want an easy, people-first core HR system and keep most of their workforce in Britain.

Price: Tiered per-employee model (Core, Pro, and Elite), quoted by headcount rather than published as a flat rate.

3.    Rippling

Rippling put HR and payroll on the same record as your IT provisioning, and the market rewards it with an average of 4.8 on G2 drawn from more than 12,000 reviews, among the highest on this list. For a UK business that wants device provisioning and app access to move in lockstep with hiring, that cross-functional reach is real.

The trade-offs are worth naming. Rippling’s breadth brings a steep learning curve, one of the most cited frustrations in its reviews, and small teams often find they’re paying for modules they won’t switch on for months. The IT-and-HR crossover that defines the product can leave day-to-day employee experience feeling secondary to systems administration. UK payroll and international coverage depend on which modules you buy.

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Where it fits: UK scale-ups that treat HR and IT as one problem and have the appetite to configure a broad platform.

Price: Custom quotes; industry roundups cite entry pricing from around $8 per user a month, with the total driven by the modules you add.

4.    Personio

Personio is popular with UK and European SMEs that want to formalise HR without enterprise overhead, and it posts a 4.4 on G2 drawn from more than 800 reviews. It centralises employee records and absence management behind a tidy interface, which suits a UK company transitioning off fragmented tools.

Its ceiling shows in two places. Reviewers point to missing features and thin customisation as teams grow, and Personio’s strength sits inside Europe: coverage and depth outside the EU stay weaker, which matters for a UK business hiring in North America or APAC. Advanced workforce planning is light next to platforms built for that job.

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Where it fits: UK and European small and mid-sized businesses putting structured HR in place for the first time.

Price: Quote-based and tailored to headcount; European plans have been cited from around 95 euros a month.

5. Namely

Namely is a mid-market HRIS that brings HR and payroll into one place for US-centric teams, with benefits management alongside, and it sits lower on user sentiment than most here, at an average near 3.9 on G2. UK buyers tend to shortlist it when a business has a sizeable American footprint next to its British base.

The caveats are practical. Reviewers describe slower issue resolution once implementation ends, and note that time and payroll functions could sit closer to the core HRIS than they do. Its centre of gravity is the US market, so a UK-first company gains less from it than an American one would.

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Where it fits: Mid-sized companies with a strong US presence that want their core HR and payroll in one system.

Price: Per employee, starting near $9 per person a month, with tailored plans above that.

6. Sage HR

Sage HR is a lightweight, modular HR system that UK teams often meet through the wider Sage finance ecosystem. It averages 4.3 on G2, though on a smaller base of under 100 reviews, and it covers the core HR essentials a small British business needs day to day.

Its limits are about scope. Sage HR stays modest next to platforms built for scale: its integrations and advanced HR depth are limited, and reviewers flag clunky setup and navigation. For a UK company with real international ambitions, it tends to run out of room as headcount and countries grow.

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Where it fits: Smaller UK businesses that want straightforward core HR, often alongside other Sage products.

Price: Quote-based, priced per employee with modular add-ons.

Employer of record and global hiring specialists

These platforms don’t replace your HR system, they let you employ someone in a country where you have no legal entity. For a UK business that wants one hire in Portugal without opening a Portuguese company, an employer of record (EOR) is the fast path. Most pair EOR with contractor management and global payroll.

7. Deel

Deel is the best-known name in employer-of-record hiring, live in more than 150 countries, and it carries a 4.7 on G2 drawn from more than 6,500 reviews. For a UK company that wants to employ a designer in Poland or a contractor in Brazil next week, Deel handles the local contract and payroll compliance without you standing up an entity.

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Reviewers raise two recurring concerns. Payment issues and delays surface often enough to be the platform’s most common complaints, and several note that EOR costs run high, near $599 per employee a month at the standard tier, which adds up across a growing team. Deel is a hiring and payments layer rather than your core HR system of record, so most UK buyers run it next to a platform like the ones above.

Where it fits: UK companies hiring employees or contractors abroad without setting up local entities.

Price: Contractors from around $49 per month; employer-of-record from around $599 per employee a month.

8. Remote

Remote covers the same ground as Deel, employing and paying people in scores of countries on your behalf, and it averages 4.5 on G2 drawn from more than 4,800 reviews. It’s a credible pick for a UK business that wants country-specific benefits and local-currency pay handled for a distributed team.

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The friction shows up after signup. Support quality and delays are the two complaints reviewers raise most, and slower response times can bite when a payroll deadline is close. Like other EOR tools, Remote sits beside your core HR system rather than replacing it, so plan for how the two share data.

Where it fits: UK teams building a distributed workforce that want employment and payroll handled country by country.

Price: Contractor plans from around $29 per month; employer-of-record from $699 per employee a month.

Enterprise HCM suites for larger UK organisations

When headcount runs into the thousands and governance gets serious, the enterprise suites earn a look. They bring depth in analytics and workforce planning, plus multi-entity structures that mid-market tools don’t match, and they ask for the implementation budget and specialist team to go with it.

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9. ADP

ADP is a payroll-first institution with decades of compliance history behind it, and its Workforce Now platform posts a 4.2 on G2 drawn from more than 4,200 reviews. For a large UK organisation that treats payroll accuracy and regulatory coverage as the first priority, ADP’s scale is reassuring.

The common gripes are about the experience, not the engine. Reviewers describe difficult navigation and an interface showing its age against newer cloud tools, and support quality draws frequent criticism. Advanced HR features often depend on which modules you’ve bought, so the base package can feel thinner than expected.

Where it fits: Larger UK organisations that put payroll reliability and compliance ahead of modern experience.

Price: Quote-based, scaled to headcount and the modules you select.

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10. UKG

UKG is strong in workforce management, with time-and-attendance and scheduling tools that suit shift-based UK sectors like retail and healthcare. It averages 4.3 on G2 drawn from more than 2,100 reviews, and its labour-cost visibility is a genuine draw for operations-heavy teams.

Depth comes with a cost. Reviewers point to a steep learning curve and inconsistent support as the two sticking points, and broader HR capability often means adding optional modules on top of the core. For a UK business that prioritises engagement or all-in-one simplicity over scheduling, it can feel heavier than the job requires.

Where it fits: Larger, shift-based UK employers that need advanced scheduling and labour management.

Price: Quote-based, in line with enterprise workforce-management suites.

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11. Workday

Workday is the reference point for enterprise HCM, built for global organisations that need deep analytics and workforce planning across many entities. It posts a 4.1 on G2 drawn from more than 1,600 reviews, and large UK groups value its governance and reporting once it’s in place.

Getting it in place is the challenge. Reviewers cite complexity and a demanding learning curve as the recurring themes, with navigation that can frustrate. Implementations run in months with a partner and a dedicated HRIS team. For a mid-sized UK company going global, Workday often brings more machinery than the situation calls for.

Where it fits: Large UK enterprises with the resources to run a configurable, global-scale HCM.

Price: Quote-based, geared to enterprise budgets.

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Choosing the best global HR software for your UK business

The right pick comes down to the shape of your problem, not the length of a feature list. A UK business hiring one or two people abroad might start with an EOR such as Deel or Remote and add a core HR system later. A larger group with a dedicated HRIS team can carry the weight of Workday or ADP. Most UK companies going global sit in the middle, and that’s where an all-in-one core HR platform earns its place.

For that middle, the case for Bob is straightforward. It treats UK compliance as the baseline: native HMRC payroll with IR35 support, and GDPR-grade data handling, then it builds a modern employee experience and multi-country core on top. A UK head office adding teams across Europe gets one system of record and its British payroll, with a Payroll Hub for everywhere else, without trading away the daily experience that keeps people engaged. That combination is why it leads this list for UK businesses with international teams.

Global HR for UK businesses: FAQ

What is the best HR software in the UK?

There isn’t one winner for every UK business, because the best fit depends on size and on how international you are. A small domestic team values simplicity and price, while a scaling company wants a modern core HR platform that carries HMRC payroll and grows with headcount. Shortlist against your own must-haves, starting with UK compliance and the payroll model, then judge each tool on what it adds above that floor.

Which payroll software is HMRC approved?

HMRC doesn’t ‘approve’ software with a formal seal; it recognises payroll software that can file Real Time Information (RTI) and handle PAYE alongside pension auto-enrolment. The practical test is whether a system files RTI on time and produces the P60s and P11Ds your employees and HMRC expect. Some HR platforms run UK payroll in-house, such as Bob, whose UK payroll files with HMRC and supports IR35, while others route pay through a connected provider. Check HMRC’s list of recognised payroll software and confirm the vendor sits on it before you commit.

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What is the difference between global HR software and an EOR for UK companies?

They solve different problems. Global HR software is your system of record: it holds employee data and runs HR workflows, and it reports across every country you operate in, whichever way payroll is handled. An employer of record (EOR) acts as the legal employer of someone on your behalf in a country where you have no entity, taking on the local contract and payroll compliance. A UK company hiring its first person in Spain might use an EOR to make that hire, then keep everyone, UK and international, inside a single global HR platform. Many businesses run both.

How does global HR software handle GDPR and data residency?

For a UK business, UK GDPR sets the baseline: employee data has to be handled on a lawful basis and held no longer than it’s needed. Strong platforms give you role-based access controls and audit trails, plus clear answers on where data sits, which matters when a works council or an auditor asks. When you shortlist, ask each vendor where UK and EU employee data is hosted and what certifications they hold. A tool that can’t answer those questions in plain terms isn’t ready for a regulated, multi-country workforce.

Which global HR software works best for a UK company hiring across Europe?

It depends on how you employ people, as direct hires or through local entities, but the pattern that fits most UK companies is a modern core HR platform for the system of record, paired with native or connected payroll for each country. Bob suits this well: a UK head office keeps one record for staff in London and Madrid alike and files its UK payroll with HMRC in the same system. Local European payroll providers connect through the Payroll Hub. If you’re hiring in a country where you have no entity, add an EOR for those specific roles. The aim is one source of truth for people data, whatever the local employment setup.

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OpenAI rebrands AI agents as ‘dots’ amid security fears

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OpenAI CEO Sam Altman standing on stage at his company's annual developer conference in front of a screen with "dots" displayed behind it.

OpenAI has chosen to rename new versions of artificial intelligence tools widely known as agents. They are now being called “dots.”

Company boss Sam Altman, speaking in San Francisco on Tuesday during OpenAI’s yearly event for technology developers, referred to “dots” as “remarkably capable, always-on agents that can handle really anything you can think of.”

OpenAI in recent months has come under intense scrutiny as internal tests of its AI agents have revealed often unexpected and occasionally harmful actions, leading to more public and government fears.

Dots, however, were pitched as brightly colored cute cartoons meant to function as digital assistants for people with busy lives.

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The dots, Altman said, “can handle really anything you can think of.”

A glossy video was shown during the event, with people speaking to and naming animated versions of their “dots,” then giving them various tasks, like building a website and booking afterschool activities for their children.

Speaking about “my dot,” Altman almost entirely eschewed referring to the tool as an agent, which has been in common use for years. AI agents are essentially AI chatbots that are programmed to operate somewhat autonomously.

“You just give your dot a responsibility… and your dots will just get to work and keep working,” Altman added.

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The day prior to OpenAI’s Tuesday event, the company said it was delaying the launch of its latest model due to certain safety issues that showed up during internal testing.

Since July, the company has been dealing with a series of issues with its AI agents acting improperly. It has faced unprompted hacking into the AI platform Hugging Face, posting to third-party websites images that AI agents took from ChatGPT user chats, and accessing non-public information maintained by the Australian government.

OpenAI, as well as rival AI firm Anthropic, previously delayed public release of certain AI models due to potential risks, mostly pertaining to cybersecurity or hacking concerns.

Both companies also expect to be listed on the public stock market in the coming months. Anthropic likely will do so this year, while OpenAI is poised for 2027.

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And both companies have lately been clear that they believe AI poses a genuine risk on a large scale, be it to public infrastructure or public safety.

Speaking last week to the UN, Altman pleaded for “national and international” AI standards on measuring the capabilities of an AI tool, assessing related risks, AI safeguards, and the degree to which human oversight over such tools is maintained.

Dario Amodei, the head of Anthropic, told the UN that if the speeding development of AI was not properly managed and overseen, future versions of the technology “could be a risk to humanity as a whole.”

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UK chancellor uses bitcoin to mock Nigel Farage

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UK chancellor uses bitcoin to mock Nigel Farage

UK Chancellor of the Exchequer John Healey has compared Nigel Farage’s fiscal policies to a “BTC account” handled by one of the UK’s most financially irresponsible prime ministers.

UK Chancellor of the Exchequer! “Don’t make me laugh,” John Healey has compared Nigel Farage’s fiscal policies to a “BTC account” handled by one of the UK’s most financially irresponsible prime ministers.

This is from Healey the most useless piece of communist crap ever appointed to this position. This man is really as stupid as they come. Support the British people? NO, he supports the communist socialist failed agenda and the EU, like the rest of Labour’s traitor MPs. Certainly not you the British people, and you voted for the new Communist socialist Islamic republic of Britain.

Now he and Burnham are going to piss all over you while calling for another referendum on rejoining the dictatorship called the EU, OH, AND THEY WILL USE THE WORD DEMOCRACY, SOMETHING THEY DON’T SUPPORT AND NEVER HAVE.

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Healey’s jab at the Reform leader during Labour’s 2026 party conference referred to the perceived economic failure of the UK’s shortest-serving prime minister, Liz Truss.

Truss’s financial policies were widely criticised for their negative impact on financial markets. This led to a rebellion from several Tory MPs, and she was forced to resign within 44 days of her premiership.

Healey appeared to suggest that a “BTC account” is an equally financially irresponsible form of finance, and that only by pairing it with Truss would you recreate the “fantasy funding” ideals of Nigel Farage.

Healey’s comments upset a lot of Bitcoiners, who claimed his “derogatory” description of a “BTC account” demonstrated “staggering ignorance.”

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Freddie New, CEO of the BTC Lightning transaction fee firm B HODL, said Healey is “gleefully ignorant that he thinks it is possible to have a ‘BTC account.’”

UK podcaster Peter McCormack said, “Healey making a dismissive joke about Bitcoin shows that he likely has a woeful understanding of economics, particularly scarcity.”

Most criticisms were technical and took offence at the use of the word “account,” which contrasts with the phrase “crypto wallet” used by crypto holders.

Healey wants a ‘new age of industrialisation’

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Healey was defence secretary under Sir Keir Starmer’s leadership before he resigned in June. He argued that the government wasn’t willing to spend enough on national defence. 

During yesterday’s conference, Healey announced new measures to support a “new age of industrialisation,” which includes a £300 million investment from Rolls-Royce toward its factories, and £6 billion in government contracts to build new submarine docks. 

A so-called “Union Learning Fund” was also announced, as were a National Wealth Fund to help create 130,000 jobs by 2030, and a £100 million-backed local apprenticeship scheme. 

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.

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El Pollo Loco to open first New York restaurant

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El Pollo Loco to open first New York restaurant

El Pollo Loco will open its first New York City restaurant next year as the California chain looks to become a national player.

El Pollo Loco has closed three development agreements for a total of 15 restaurants in the New York area over the next five years, the company announced on Tuesday. The first location will open in Queens in mid-2027.

Founded in Mexico in 1975, El Pollo Loco opened its first U.S. restaurant in Los Angeles. The majority of its locations are still concentrated in California, but its footprint has grown to more than 500 restaurants across 10 states. It is best known for its bone-in grilled chicken, although its menu has grown.

CEO Liz Williams wants to make El Pollo Loco into a national chain. To expand outside its Southwestern stronghold, El Pollo Loco will open restaurants on the East Coast and then move its way back to the West, she said.

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To succeed in new markets, the chain will have to build its brand awareness in a crowded space where consumers are watching their budgets.

“Being a 50-year-old brand, people have seen it over the years and have always had that curiosity, but we have our work cut out,” Williams said.

Under Williams’ leadership, El Pollo Loco has embarked on a turnaround focused on modernizing its restaurants and expanding its menu into more convenient options, like wraps and chicken tenders. The efforts have started to pay off for the chain, which has reported three straight quarters of same-store sales growth.

“In the current quarter, we’ve expanded margins, and the business model is healthy overall,” Williams said. “The brand has gotten even stronger and healthier.”

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El Pollo Loco has also been expanding quickly during her tenure. When she began in March 2024, the chain was in just six states. Now, it is in 10. And while it opened nine restaurants last year, El Pollo Loco is projecting 10 to 18 new locations by the end of 2026.

Investors like the company’s trajectory. Shares of El Pollo Loco have climbed 44% over the last year. The S&P 500 rose more than 15% over the same period.

Its comeback coincides with a challenging time for the restaurant industry. Burger and taco chains have been facing soaring costs for beef. Consumers have been dining out less frequently to save money, which has intensified competition between eateries.

El Pollo Loco has also had to contend with more competition as restaurants aim to cash in on growth in the chicken category. McDonald’s and Taco Bell — Williams’ former employer — have expanded their chicken options in recent years, fueled by consumer market research. And chicken-focused chains have been expanding quickly, from newcomer Dave’s Hot Chicken to Southern names like Zaxby’s and Raising Cane’s.

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In 2024, El Pollo Loco was the eighth-largest chicken chain by U.S. sales, with 2.1% market share, according to Barclays.

But with its focus on grilled chicken and Mexican-inspired flavors, El Pollo Loco stands out from the crowd, Williams said.

“Everyone is talking about wanting to eat a little better and really thinking through their choices,” Williams said. “Everyone loves fried chicken … However, in terms of what you’re able to eat every single day, grilled chicken is just a better option.”

The expansion news comes as El Pollo Loco shakes up its leadership.

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The company on Friday said in a regulatory filing that Damon Thomas will join the company as chief operating officer. He joins the company from Shake Shack.

Tara Hinkle was also recently tapped as the chain’s new chief development officer. She previously held roles at The Coffee Bean & Tea Leaf, Taco Bell and Starbucks before joining the company in July.

Correction: This story was updated to reflect that Williams said the company’s brand has gotten stronger and healthier. A previous version misquoted her.

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Bangkok floods threaten to shave 0.3 percentage points from Thailand’s 2026 growth

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Bangkok floods threaten to shave 0.3 percentage points from Thailand’s 2026 growth

Severe flooding in Bangkok and surrounding provinces is projected to reduce Thailand’s 2026 economic growth by 0.3 percentage points, lowering estimates to 2.1%. Immediate losses are estimated at 11 billion baht nationwide, with some assessments ranging up to 33.8 billion baht, and Bangkok bearing the largest share of damage.

The capital experienced significant rainfall that overwhelmed drainage systems, disrupting transport, commerce, and supply chains, particularly affecting small businesses. The government declared special holidays to ease pressure, while banks introduced relief measures. The final economic impact depends on how quickly flooding subsides and whether further disruptions occur.

Thailand’s latest flooding could reduce annual economic growth by 0.3 percentage points this year, as widespread disruption across Bangkok and surrounding provinces weighs on businesses, transport and household spending.

The flooding could lower Thailand’s 2026 growth rate to 2.1%, from an earlier estimate of 2.4%, according to economist Aat Pisanwanich, who was quoted by Reuters in a recent article. Third-quarter growth could decline by approximately 0.5 percentage points to 1.7%.

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The immediate economic losses have been estimated at 11 billion baht, or approximately $320 million, nationwide. A separate assessment by Rangsit University placed the potential losses between 16.9 billion and 33.8 billion baht, with a moderate-damage scenario reaching 25.345 billion baht.

Bangkok is expected to bear the largest share of the losses, at approximately 10.586 billion baht. The estimate covers the period from September 24 to 27 and includes disruptions to commerce, services and travel.

Bangkok bears the largest impact

The capital received around 320 millimetres of rain over two to three days, overwhelming drainage systems and flooding entire neighbourhoods. Water levels began to recede in several areas after the rain eased, but residents in some communities remained stranded or dependent on evacuation centres, as was reported by varoius medias like Internazionale.

The economic impact has extended beyond direct damage to buildings and vehicles. Businesses have faced difficulties moving workers, receiving supplies and delivering products, while shops in flooded areas have struggled to reopen.

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Transport interruptions have also reduced consumer activity. Residents unable to travel to work or commercial districts have postponed purchases, while companies have incurred additional costs for alternative routes, temporary closures and emergency repairs.

The government declared special holidays for civil servants in Bangkok and three surrounding provinces on September 28 and 29 in an attempt to reduce travel and ease pressure on the transport system. However, the measure also reflects the scale of the disruption facing the Bangkok metropolitan area.reuters

The Stock Exchange of Thailand will continue operating during the special holidays, maintaining trading on the SET, mai, TFEX, LiVEx and related platforms. The decision is intended to preserve financial-market continuity even as parts of the capital remain affected by flooding.nationthailand

Pressure on supply chains

In the other hand, the Federation of Thai Industries has warned companies to protect workers, review transport routes and prepare for further disruption. Water levels in reservoirs and canals remain a concern even after rainfall has eased in parts of the country.

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The risk is particularly significant for businesses that depend on just-in-time deliveries. Delays affecting warehouses, roads, ports or industrial facilities can spread quickly through supply chains, even when the original flooding is concentrated in a limited number of districts.

Banks have begun offering relief measures to affected households and companies. Krungthai Bank and Export-Import Bank of Thailand are providing repayment assistance, lower interest rates and additional liquidity to customers facing losses or cash-flow problems.

Those measures could prevent temporary disruption from becoming a wider credit problem. However, debt relief cannot replace lost inventory, damaged equipment or the income businesses lose during forced closures.

The flooding has also exposed differences in economic vulnerability. Large companies may have insurance, backup facilities and alternative suppliers. Small businesses and informal operators often have fewer reserves and are more likely to face a permanent loss of income after several days without sales.

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Growth outlook becomes more fragile

The estimated 0.3 percentage-point reduction in annual growth would not by itself push Thailand into recession. But it adds another obstacle to an economy already dealing with moderate expansion, high household debt, external uncertainty and persistent energy costs.

The final impact will depend on how quickly water levels fall and whether additional rainfall causes a second wave of disruption. A rapid recovery could limit the damage, while prolonged flooding could increase losses through reduced production, weaker consumption and delayed investment.

For now, Thailand’s economic response is focused on drainage, emergency assistance and financial relief. The next stage will be more difficult: restoring businesses, repairing infrastructure and determining whether the country’s cities and supply chains are prepared for increasingly frequent climate shocks.

The final economic cost remains uncertain. The Federation of Thai Industries has warned that disruption can spread through supply chains, affecting raw-material deliveries, worker mobility, warehouses and machinery. At the same time, economists have stressed that a rapid recovery in affected areas would limit the damage, meaning the duration of the flooding is now more important than the initial rainfall event.

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The floodwaters may recede within days. The economic consequences will last longer, particularly for smaller businesses that cannot afford another interruption before the recovery from this one is complete.

The episode also exposes a longer-term investment issue. Bangkok’s vulnerability to extreme rainfall creates recurring costs for retailers, manufacturers, logistics operators and property owners. Beyond emergency relief, businesses and policymakers face increasing pressure to invest in drainage capacity, flood barriers, water-management systems and continuity planning.

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Develop sets $458 million growth capital budget

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Develop sets $458 million growth capital budget

Growth will continue at Bill Beament-led Develop Global in FY27, following the release of its guidance metrics for the upcoming year.

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Dave & Buster’s interim CFO Cory Hatton buys $25,999 in stock

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Dave & Buster’s interim CFO Cory Hatton buys $25,999 in stock

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Market veterans favour value plays over crowded, expensive themes

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Market veterans favour value plays over crowded, expensive themes
After two difficult years for Indian equities, there is scope for reasonable returns as valuations turn less demanding, according to senior market participants who spoke to ET. Large caps look better placed, while the outlook is more cautious on mid- and small-caps. Financials, manufacturing and consumption are among the preferred themes, while views on technology are sharply divided

NEELESH SURANA, CIO, Mirae Asset Mutual Fund

MARKET OUTLOOK: India looks better positioned than sentiment suggests and is a natural hedge against crowded AI trade. Valuations are no longer a headwind, while domestic fundamentals are sound. Any global trade rotation could be meaningful. Key risks are elevated crude, rising developed market bond yields, El Niño and heavy equity issuance. Overall, we expect low-teens returns.
PREFERRED INVESTMENT STRATEGY: Our strategy is a barbell, combining quality stocks with strong earnings upgrades at sensible valuations with holding sector leaders that have corrected over the past two years and are now in value zone.

THEMES LOOKING ATTRACTIVE: Banking, consumer discretionary, healthcare and manufacturing. Sector leaders, impacted by FPI selling over the last two years, are now attractive.

THEMES TO STAY AWAY FROM: Slow-growth or disruption prone sectors like consumer staples and IT. Cautious on narrative-driven, richly-valued sectors like capital goods.


Read more: Goldman Sachs identifies 42 Indian stocks riding AI build-out

JANAKIRAMAN RENGARAJU, CIO – India Equities Templeton Global Investments

MARKET OUTLOOK: The 12-month base case for Indian equities may not be quite euphoric, but it is constructive. Largecap valuations are more reasonable, while higher mid- and small-cap multiples call for greater prudence. Globally, the picture has deteriorated. Unresolved conflicts have entrenched inflationary pressures, while rising interest rates and heavy fiscal debt reinforce each other. Tariff uncertainty continues to cloud trade growth, while questions are emerging over the viability of massive AI investments, even as enthusiasm and valuations remain elevated.PREFERRED INVESTMENT STRATEGY: Adopt a tone of ‘cautious optimism’ over the medium term.

THEMES LOOKING ATTRACTIVE: Financials, industrials and capital goods, consumption and electronic manufacturing, which are linked to capex pick up, rising affluence and credit growth.

THEMES TO STAY AWAY FROM: Avoid expensive small and mid-caps with weak cash generation and businesses dependent on endless equity funding.

Read more: SIPs offer steady gains as most fund categories beat benchmark indices

ANISH TAWAKLEY, CIO, DSP Mutual Fund

MARKET OUTLOOK: Economy remains in good shape, while valuations are now neutral. This should translate into reasonable market returns broadly in line with earnings growth.

PREFERRED INVESTMENT STRATEGY: Don’t chase narratives that have already played out, rather look at sectors that have been underperforming since the last 2-3 years.

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THEMES LOOKING ATTRACTIVE: Private banks, insurance companies, automobiles and cement.

THEMES TO STAY AWAY FROM: Careful about companies where promoters are diluting (either through primary or secondary sales) or where private equity is selling, including IPOs. Promoter dilution and PE sales happen when performance and valuations are close to peaks. Cautious on metals, IT and FMCG. For IT, the problem is not AI but the fact that Indian listed companies are losing market share to GCCs set up in India.

R SIVAKUMAR CIO, Axis Mutual Fund

MARKET OUTLOOK: The outlook is constructive. Economic slowdown over the last few quarters appears to be more cyclical than structural. Valuations in parts of the market remain elevated, particularly within mid- and small-caps.

PREFERRED INVESTMENT STRATEGY: Alpha generation is likely to come from selective stock picking rather than broad market direction. A balanced approach across largecaps, which offer valuation comfort and resilience, and select mid-cap opportunities, which continue to deliver superior earnings growth, remains appropriate.

THEMES LOOKING ATTRACTIVE: Constructive on manufacturing, power and electrification, energy transition, select financials, particularly banks and capital-market-linked businesses, as well as export-oriented companies.

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THEMES TO STAY AWAY FROM: Investors should avoid chasing momentum in overcrowded themes. In technology, we remain watchful of disruptions and pricing pressures emerging from AI-led changes in the global IT services landscape

SHANKAR SHARMA, Founder, GQuant

MARKET OUTLOOK: Barring occasional rallies, I do not see the Indian markets outperforming the world or even the peer group. The Vaibhav Suryavanshi Syndrome afflicts Indian companies: domestic success is mistaken for globally transferable skill. Largecaps have thrived on India’s easy pitch, building market capitalisation rather than global scale and brands. When domestic growth fades, competing overseas will require an entirely different mindset. There will be pockets where money is going to be made; but in aggregate, Indian returns will disappoint for the coming year.

PREFERRED INVESTMENT STRATEGY: The future of the Indian stock market lies in getting “techified”. Tech has been my theme in the last 2 years since the bear market started in India and I have actually made money even in this very-very tough market. This is not going to change anytime soon. Pharmaceuticals is also going to be a good place to be in.

THEMES LOOKING ATTRACTIVE: For me, tech is 80% of the allocation and pharma is 20% and there is nothing else that I am interested in India.

THEMES TO STAY AWAY FROM: Companies which service the domestic Indian consumer. That trade is on its way out and this is not where I would deploy a lot of capital.

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Accountancy firm Hazlewoods move to larger offices in Cardiff to support expansion

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The firm has relocated to the South Gate House office scheme

The Cardiff team of Hazlewoods

Accountancy and business advisory firm Hazlewoods has relocated to larger offices in Cardiff to support expansion plans.

Having set up its first office in Wales at the Capital Tower office building in 2024, it has now moved its team of 34 to South Gate House.

Tom Davies, director at Hazlewoods Cardiff, said: “This is an exciting step for Hazlewoods and reflects the progress we have made since launching in the city less than two years ago. We have built a very strong team here and have been really encouraged by the response from both new and existing clients, reflecting our commitment to developing deep relationships across the region.

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“The new office gives us the space to continue growing while maintaining the collaborative approach that is such an important part of the way we work.”

Bruce Black, corporate tax director, said: “This move creates the environment we need to continue finding and developing local talent to build the team, while maintaining the high level of service our clients expect from Hazlewoods. It reflects just how positively the Cardiff office has developed in such a short space of time.

“The team in Cardiff has done a great job of growing the business and I look forward to seeing that continue. We have the expertise, ambition and people to build a really strong presence in Wales, and the new office gives the team a great base from which to do that.”

Hazlewoods is one of the largest independent accountants and business advisers in the South West and Wales, with more than 600 employees and a growing presence in Cardiff, alongside its offices in Cheltenham and Bristol.

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The firm provides audit, accounting, tax and advisory services to corporate and private clients and is particularly well known for its specialist sector expertise across the UK. Last year, the firm recorded a turnover of £54.3m.

Its managing partner, James Morter, said: “It has been very gratifying to see the way that Hazlewoods has been welcomed into Cardiff. Early on, we identified a gap in the Welsh market for a firm of our size and experience, and when you combine that with the talent pool in the city, it felt like a natural next step.”

Property advisory firm Knight Frank represented Hazlewoods on the deal, while its building consultancy team supported the fit-out of the new space.

Mark Sutton, office agency partner at Knight Frank’s Cardiff office, said: “Hazlewoods was looking for a space that could support its continued growth in Wales, while offering excellent connectivity and the flexibility to create a workplace suited to its needs.

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“South Gate House provided the right combination of quality space and a prime city-centre location, and it has been a pleasure to support the team through the move.”

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Perpetua Resources at Mining Forum Americas 2026: shift to construction

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Perpetua Resources at Mining Forum Americas 2026: shift to construction

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What Trump’s potential US diesel export ban could mean for you

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A driver returns a fuel nozzle after refueling a tractor trailer with diesel fuel at a Chevron truck stop in Tracy, California.

For the US economy, a ban could deliver short-term relief at the pump by flooding the domestic market with excess supply.

However, energy analysts warn it could backfire.

David Fyfe, chief economist at Argus Media, notes that cutting off American supply would likely cause international prices to skyrocket.

That would push up global freight, food, and industrial costs, ultimately “feeding inflation back into the global economy”.

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“At a stroke, the US’s reputation as a reliable supplier of energy to the world would be shot,” Fyfe added.

Removing more than a million barrels of daily American supply would trigger a fierce bidding war among importing nations in Latin America and Europe.

Sarah Raffoul, analytics manager at Argus Media, noted that while higher international prices would eventually curb demand, the immediate gap would severely strain trade relationships and accelerate global inflation.

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