Finance News – U.K.
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UK businesses risk losing European trademarks by year-end
UK companies face potential loss of their European trademark protections after December 31 unless they provide evidence of active utilization within EU markets, which could impact...
Read Full Article →IMF upgrades global growth forecast as tariffs ease
The International Monetary Fund projects improved economic expansion worldwide due to a reduction in trade barriers established earlier this year, which may enhance international c...
Read Full Article →AstraZeneca chief executive hails ‘vital importance of US’ as Trump tariffs loom
AstraZeneca’s planned multibillion-dollar investment in the United States highlights the country’s strategic value to the company amid potential trade restrictions and ongoing mark...
Read Full Article →Trump’s 15% tariff on medicines will harm patients, say EU drugmakers
The introduction of a 15% import duty on European medicines is expected to increase costs, disrupt supply chains, and negatively impact pharmaceutical companies' market valuations...
Read Full Article →Wegovy maker warns of slower profits as rivals bite
The Danish pharmaceutical company producing Wegovy projects reduced profit growth due to increased competition from alternative weight loss drugs entering the market and impacting...
Read Full Article →SME Construction data casts doubt on UK ability to hit 1.5 million homes
The increasing financial difficulties faced by small construction companies may hinder the sector’s capacity to meet the government’s ambitious housing development targets within t...
Read Full Article →US rail merger could create first coast-to-coast freight service
The acquisition of Norfolk Southern by Union Pacific will form a major national freight network valued at $250 billion, significantly expanding operational reach across 50,000 mile...
Read Full Article →Aston Martin: Why going private could be the right road for luxury carmaker
Transitioning to private ownership may enhance Aston Martin's financial flexibility, support strategic partnerships, and enable more agile decision-making to strengthen the company...
Read Full Article →Airport lounges cement the class system. And the food’s not even that good | Dave Schilling
Airport lounges generate significant revenue by offering exclusive amenities and improved dining experiences, attracting travelers willing to pay premium fees for comfort and statu...
Read Full Article →Facing low pay and rising rents, a quarter of young Brits weigh UK exit
A significant portion of young adults in the UK are evaluating emigration as a response to stagnant wages and increasing housing costs, highlighting potential economic challenges f...
Read Full Article →IMF upgrades global growth forecast as Trump tariffs ease, but warns on risks
The IMF’s improved economic forecast reflects increased global trade activity amid eased US tariff pressures, though ongoing policy uncertainties in the United States continue to p...
Read Full Article →IMF upgrades world economy’s growth forecast as Trump’s tariffs reduced
The International Monetary Fund has raised its global growth estimate for the year, indicating a healthier economic outlook influenced by a reduction in trade restrictions imposed...
Read Full Article →Wegovy maker Novo Nordisk’s shares plunge as it cuts sales forecast
Novo Nordisk’s decision to lower its annual revenue and profit expectations has led to a significant drop in its stock value, reflecting investor concerns about the company’s compe...
Read Full Article →Donald Trump slams North Sea oil taxes that ‘make no sense’
High taxation on North Sea oil impacts the revenue potential from the region’s substantial energy reserves, influencing both government income and the broader economic landscape.
Read Full Article →Stellantis: Vauxhall owner warns of £1.3bn tariff hit after EU-US deal
Stellantis anticipates substantial costs due to recently imposed duties between Europe and the United States, which may significantly impact the company’s financial performance thr...
Read Full Article →Novo Nordisk shares plunge 23% on profit warning amid US weight-loss drug competition
The company experienced a significant decline in market value following a reduced profit forecast, reflecting increased challenges in the competitive landscape of weight-loss medic...
Read Full Article →Gusto: Restaurants to close and almost 200 jobs lost as rescue agreed
The acquisition of the Italian restaurant chain by Cherry Equity Partners will result in the closure of six locations and approximately 190 employees being made redundant as part o...
Read Full Article →Dearth of international super-prime buyers opens market up for young Brits
The decline in ultra-wealthy foreign investors has led to lower prices in London’s high-end property sector, making luxury homes more accessible to younger domestic purchasers than...
Read Full Article →Donald Trump tells UK to cut taxes on North Sea oil ‘treasure chest’ – business live
Reducing tax burdens on North Sea oil production could potentially boost investment and enhance the UK's energy sector profitability while leading to lower prices for consumers.
Read Full Article →How Trump muddles the stock market
The complexity of political events and extensive media coverage appear to influence investor behavior, potentially playing a role in maintaining stability within major stock indice...
Read Full Article →NBA Europe: Basketball chiefs meeting investors in London
The discussions between NBA leadership and various financial stakeholders in London aim to secure funding and strategic partnerships for expanding the league’s presence and launchi...
Read Full Article →Vodafone CEO asked how she sleeps at night by ex-franchisee amid £120m legal action
The high court lawsuit involving 62 former Vodafone franchisees could potentially result in significant financial liabilities amounting to £120 million for the company.
Read Full Article →Uber rivals handed major VAT boost by Supreme Court
The Supreme Court's decision exempts certain private-hire taxi companies from a 20 percent tax on earnings outside London, potentially improving their financial position relative t...
Read Full Article →Travelex hires former William Hill CEO as new boss
The appointment of Philip Bowcock as Travelex’s new CEO may influence the company’s strategic direction and financial performance due to his previous leadership experience in a maj...
Read Full Article →Mortgages rebound in lift for housing market
Recent data from the Bank of England indicates an accelerated increase in both mortgage and consumer credit borrowing, suggesting renewed momentum within the UK housing sector and...
Read Full Article →Metlen confirms £5.5bn London listing date
Greek industrial company Metlen Energy and Metals plans to join the London Stock Exchange next week with a valuation of £5.5 billion, providing a notable injection to the UK’s publ...
Read Full Article →Uber loses UK supreme court appeal over tax on rival apps
The ruling means competing private-hire companies outside London are exempt from a 20% value-added tax, potentially influencing their overall operating costs and competitive positi...
Read Full Article →Tom Hayes’ crime in Libor case was to be a banker when that was unpopular
The case involving Tom Hayes highlights the complexities and controversies in the financial sector, underscoring the challenges of navigating legal accountability during periods of...
Read Full Article →UK has not hit ‘peak Greggs’, says CEO, as sales slow in heatwave
Despite surpassing £1 billion in sales during the first half, Greggs experienced a decline in profits due to increased expenses, reduced customer visits, and disrupted demand linke...
Read Full Article →BlackRock plots sale of pensions specialist Heywood
A major investment firm is preparing to divest a company specializing in retirement plan software, potentially impacting market dynamics and investor portfolios in the pension tech...
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