Finance News – U.K.
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The $10bn LA Lakers sale proves sports have outgrown billionaires
The unprecedented $10 billion transaction highlights a trend where ownership of top-tier sports teams increasingly transitions from individual billionaires to large investment grou...
Read Full Article →Louis Vuitton: Sales and profit slashed amid luxury spending slowdown
Louis Vuitton's UK division experienced a notable decline in revenue and earnings in 2024, reflecting broader challenges in the high-end retail market and impacting the company’s o...
Read Full Article →'Inflation and customer cutbacks' blamed for big dive in retail sales
Retail sales experienced a significant decline last month, marking the sharpest drop in several months, likely influenced by increased living costs and reduced consumer spending.
Read Full Article →Government borrowing surges in May to fund Labour’s spending
In May, public sector debt increased substantially, reaching one of the highest levels recorded for that month in over three decades, indicating significant government reliance on...
Read Full Article →Ministers set to cut industrial energy prices for British manufacturers
The government’s forthcoming multibillion-pound support aims to reduce energy costs for UK manufacturers, potentially enhancing their competitiveness in the European market and sup...
Read Full Article →Berkeley notes rising demand for new homes as profit drops
Despite decreased annual earnings, Berkeley acknowledges increased demand for housing and remains dedicated to supporting government initiatives aimed at expanding the new home mar...
Read Full Article →Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises
The rising government borrowing and a substantial budget shortfall in May have prompted concerns that increased revenue measures might be necessary to manage fiscal targets effecti...
Read Full Article →Paris airshow in subdued mood after deadly Air India crash
The recent tragic aviation accident and ongoing geopolitical tensions have influenced market confidence and tempered commercial activities at a traditionally significant event for...
Read Full Article →High street banks’ SME lending comeback won’t rattle challengers
Traditional banks are increasingly providing loans to small and medium-sized businesses again, yet fintech companies continue to dominate the market share in this sector.
Read Full Article →I grew up on American food. Trust me, it’s the last thing Europe needs | Alexander Hurst
Allowing increased imports of American agricultural goods into the European market could significantly impact local producers and consumer preferences amid ongoing trade negotiatio...
Read Full Article →Who are the companies hoarding bitcoin?
Several major corporations have accumulated substantial amounts of bitcoin in their reserves, collectively controlling a significant portion valued at approximately $87 billion, re...
Read Full Article →UK consumer confidence up but fragile amid tariff and Middle East concerns
Despite a slight improvement in sentiment this June, British household financial outlook remains subdued due to ongoing inflationary pressures and geopolitical tensions affecting e...
Read Full Article →Adorable or just weird? How Labubu dolls conquered the world
The increasing global popularity of Labubu dolls has significantly boosted their manufacturer's earnings and is considered by some to enhance China's cultural influence internation...
Read Full Article →Canada imposes tariffs on steel and aluminium to curb imports
Canada has introduced substantial tariffs on imported steel and aluminum from countries outside the United States to support domestic industries and preserve employment opportuniti...
Read Full Article →Crystal Palace’s Europa League hopes increase as Johnson closes on £190m deal
The potential acquisition of a significant stake in Crystal Palace by a prominent investor for nearly £190 million could enhance the club’s financial resources and improve its pros...
Read Full Article →UK manufacturing set for a funding boost to reduce energy costs
The upcoming industrial plan aims to provide financial assistance to energy-dependent industries in the UK, helping reduce operational expenses and improve workforce capabilities w...
Read Full Article →HMRC has ‘lost control’ of small businesses as missing tax hits 40%
A substantial portion of unpaid taxes originates from smaller companies, which represent nearly two-thirds of total outstanding revenue, indicating significant challenges in tax co...
Read Full Article →Rough ride: how Uber quietly took more of your fare with its algorithm change
Since implementing dynamic pricing, Uber’s increased commission rate has significantly reduced drivers’ income by taking a larger portion of fares through algorithm adjustments.
Read Full Article →Post Office scandal redress must not only be fair - it must be fast
The financial impact of the Post Office scandal requires timely and equitable compensation to restore trust and address the losses suffered by those affected.
Read Full Article →How bad is the HS2 fiasco now? So bad it's time to listen to Nigel Farage | Simon Jenkins
The ongoing delays and escalating expenses in the high-speed rail initiative have placed significant strain on public funds, raising concerns about the project's overall economic v...
Read Full Article →Ministers set out plans to spend £725bn on UK infrastructure over 10 years
The government intends to allocate an average of £9 billion annually over the next decade to improve public service buildings, contributing to a total investment exceeding £700 bil...
Read Full Article →New emissions guidance for oil and gas projects
The updated regulatory framework could influence investment decisions and operational costs for energy companies involved in the development of key oil and gas reserves off the coa...
Read Full Article →Government considering measure to slash industrial energy prices
Officials are evaluating a proposal to reduce energy expenses for manufacturers, aiming to enhance competitiveness by aligning costs with those faced by businesses in neighboring E...
Read Full Article →Ed Miliband forced to look again at North Sea oil and gas
The government is reconsidering regulatory adjustments for North Sea oil and gas operations to potentially reduce consumer energy costs and impact investment in the sector’s future...
Read Full Article →UK growth to suffer from interest rates hold, industry warns
Maintaining elevated borrowing expenses may slow economic expansion in the UK, as key industry representatives caution about potential challenges despite signals of future rate red...
Read Full Article →CMA to probe delivery of UK road and railway projects as costs soar
The rising expenses and ongoing setbacks in UK transport infrastructure projects have prompted regulatory authorities to examine potential factors affecting budget management and t...
Read Full Article →Bank’s rate decision leaves frustrated Reeves praying for an August cut
The Bank of England’s decision to maintain current interest rates limits immediate economic stimulus, posing challenges to growth amidst geopolitical tensions and rising living cos...
Read Full Article →Challenger banks scout exit routes as giants circle Metro and TSB
Industry experts anticipate increased consolidation in the banking sector as smaller institutions consider departures amid competitive pressures from larger firms aiming to expand...
Read Full Article →Elon Musk’s X to offer investment and trading in ‘super app’ push
Elon Musk’s company aims to expand its platform by integrating financial tools such as payment cards, potentially increasing user engagement and creating new revenue streams within...
Read Full Article →Infrastructure strategy: Hospitals and schools focus of funding push
The government plans to invest £10 billion annually over the next ten years, allocating more than £6 billion each year specifically for hospital upkeep to improve public service fa...
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