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HM Revenue & Customs (HMRC) has significantly increased the number of Research and Development (R&D) tax relief claims it has "corrected" using controversial powers, sparking concerns that the tax authority is bypassing due process. This aggressive approach could deter genuine businesses from claiming R&D relief and has led to calls for a fairer and more transparent system.

Santander is closing 95 UK branches, citing a shift to digital banking and a 63% surge in online transactions since 2019. Despite the closures, 93% of the UK population will still be within 10 miles of a Santander branch, and the bank is investing in upgrades to its remaining branches and expanding its digital services.

Polaron, a spin-out from Imperial College London, has developed a groundbreaking AI solution that reduces the time needed to create advanced materials, potentially transforming the production of materials used in wind turbines, electric vehicle batteries, and infrastructure. This innovation has been recognized with the Manchester Prize, aligning with the government's new AI blueprint to drive economic growth and a sustainable future.

Five Below reported a 4% increase in total revenue for the fourth quarter, while comparable sales decreased by 3%. The company also provided guidance for the first quarter and full year 2025, with revenue expected to be in the range of $905 million to $925 million and $4.21 billion to $4.33 billion, respectively.

Kevin O'Leary, also known as "Mr. Wonderful," sees opportunity in the recent market downturn and believes now is the time to buy, even though catching the bottom is impossible. He recommends buying indices that follow specific rules, such as ALPS O'Shares US Quality Dividend ETF fund OUSA for the S&P 500 and ALPS O'Shares US Small-Cap Quality Dividend ETF OUSM for the Russell 2000.