Finance News – U.K.
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Strait of Hormuz: What happens if Iran shuts global oil corridor?
A potential closure of the key maritime route by Iran could disrupt international oil supplies, leading to increased energy prices and widespread economic instability across multip...
Read Full Article →Lammy: Iran blocking Strait of Hormuz would be ‘catastrophic mistake’
A disruption of the Strait of Hormuz could severely impact global oil shipments, potentially causing significant fluctuations in energy markets and international trade financial st...
Read Full Article →Plans to cut energy costs for thousands of businesses announced
The government’s newly introduced industrial strategy aims to reduce expenses related to energy for numerous companies, potentially improving their overall financial stability and...
Read Full Article →HomeServe: Checkatrade owner in the red despite sales passing £1bn
Despite generating over £1 billion in revenue for 2024, HomeServe recorded a pre-tax loss of £31.7 million, highlighting challenges in converting strong sales into profitability.
Read Full Article →Spectris agrees to £3.8bn takeover but KKR threatens bidding war
The proposed acquisition of Spectris for £3.8 billion highlights significant investor interest, as competing potential bids may influence the company’s market valuation and future...
Read Full Article →Prime: Logan Paul and KSI’s energy drink runs out of juice
Prime Hydration's UK operations experienced a significant revenue decline in 2024, with annual turnover dropping by over 70 percent from £112.2 million to £32.8 million according t...
Read Full Article →UK backs quantum with £500m
The UK government’s investment exceeding £500 million in quantum computing highlights its strategic commitment to advancing technological innovation and strengthening economic grow...
Read Full Article →Brent crude could hit $110 if oil flow through Strait of Hormuz halved
A potential reduction in oil shipments through a key Middle Eastern route may drive significant increases in crude prices, impacting global markets and energy costs according to fi...
Read Full Article →Bacardi Breezers to BuzzBallz: why gen Z aren’t the booze buzzkills we’ve been led to believe
The evolving preferences of younger consumers toward diverse and stronger ready-to-drink beverages present new revenue opportunities for alcohol brands adapting to shifting social...
Read Full Article →‘Outdated and unjust’: can we reform global capitalism? – podcast
The implementation of tariffs has disrupted international markets, highlighting systemic challenges within the global economic framework and prompting discussions on potential refo...
Read Full Article →The industrial strategy will provide certainty for business
The plan aims to create a stable environment that encourages investment and supports economic growth by enabling businesses to adapt quickly to emerging opportunities in a changing...
Read Full Article →Revolut chief in line for Musk-style payday at $150bn valuation
Nik Storonsky secured an agreement prior to SoftBank’s investment that could substantially increase his ownership stake if the company’s valuation surpasses predetermined targets,...
Read Full Article →Germany and Italy pressed to bring $245bn of gold home from US
The repatriation of $245 billion in gold reserves by Germany and Italy highlights concerns about financial sovereignty amid increasing geopolitical tensions and criticism of centra...
Read Full Article →Industry electricity costs for 7,000 businesses to be slashed by up to a quarter
Starting in 2027, 7,000 UK businesses will benefit from a substantial reduction in their electricity expenses, potentially easing financial burdens and improving competitiveness wi...
Read Full Article →Energy prices cut for business as part of UK industrial strategy
Several key industries such as automotive, aerospace, and chemicals will benefit financially by no longer being subject to environmental charges on their electricity expenses under...
Read Full Article →UK to cut green levies on businesses in bid to reduce energy costs and boost manufacturing
The government’s decision to reduce environmental charges aims to lower operational expenses for companies and strengthen industrial growth as part of its comprehensive decade-long...
Read Full Article →Price of oil could spike after Iran’s parliament votes to close key shipping route
The potential closure of a crucial maritime passage by Iran may disrupt oil supply chains, leading to increased energy costs and heightened economic instability worldwide.
Read Full Article →Minibuses for rural routes are in production | Letter
The production of compact vehicles tailored for less populated areas presents a promising market for manufacturers, supported by recent substantial government investments in transp...
Read Full Article →Small business owners aren’t jumping for joy about the US economy – but they still aren’t jumping sh...
Despite facing challenges like inflation and labor shortages, small businesses continue to contribute significantly to employment, highlighting their critical role in sustaining th...
Read Full Article →UK a ‘standout’ destination for deals despite economic uncertainty
During the first half of the year, the UK led Europe in mergers and acquisitions activity, completing over 1,200 deals valued at nearly $119 billion despite prevailing economic cha...
Read Full Article →Oil price expected to surge after US strikes Iran
The potential rise in crude oil costs following recent US actions near Iran could significantly impact global markets, especially if Tehran responds by targeting key energy routes...
Read Full Article →Economic policymaking needs to adapt to the climate emergency | Heather Stewart
Addressing rising prices caused by supply disruptions linked to environmental challenges demands comprehensive economic strategies beyond traditional monetary policy adjustments.
Read Full Article →Labour scraps £950m EV rapid charging fund first announced by Conservatives
The government has reallocated £400 million to install electric vehicle chargers on urban streets rather than motorways, reducing the original funding intended to accelerate nation...
Read Full Article →Tesla set to unveil self-driving car service in Austin
Tesla’s introduction of autonomous taxis in Austin could potentially impact the company’s revenue streams by expanding its mobility services and advancing its position in the self-...
Read Full Article →Funeral scams: ‘It’s hard to imagine a more callous form of fraud’
Fraudsters exploit grieving individuals by creating fake live stream links of funeral services, deceiving them into providing payment details or donations, causing financial losses...
Read Full Article →Chinese factories rush to reduce reliance on Donald Trump’s US
Manufacturers in Zhejiang province are adjusting their strategies to diversify trade partners and focus on domestic sales, aiming to mitigate risks associated with dependence on th...
Read Full Article →Canadian export agency hit by £350mn loss on loans to Thames Water
The substantial financial setback experienced by the Canadian export agency, amounting to over half of its loaned funds, reflects the inherent risks involved in international lendi...
Read Full Article →UK government unveils £275m investment in training and apprenticeships in England
The government plans to allocate £275 million toward enhancing vocational education and skill development in England, aiming to support manufacturing sectors and advance technologi...
Read Full Article →H&M to shed light on turnaround amid consumer confidence slump
H&M’s upcoming financial report is anticipated to reflect modest sales growth as the company aims to demonstrate progress in its recovery efforts despite ongoing weak consumer sent...
Read Full Article →Who’s the boss? The ousted car sales tycoon versus his private equity investor
The conflict between Peter Waddell and his private equity backer highlights the financial risks and power struggles that can emerge when rapid business growth intersects with leade...
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