Finance News – U.K.
What is your interest today?
UK inflation was 3.4% in May
The recent inflation data indicating a 3.4% increase in the UK supports predictions that the Bank of England may maintain its current interest rate to balance economic stability.
Read Full Article →Magnet: Hundreds of jobs lost as kitchen maker closes more stores
The closure of additional outlets by the kitchen manufacturer has led to significant workforce reductions, reflecting ongoing efforts by Nobia Holdings UK to improve its financial...
Read Full Article →Inflation overshoots expectations ahead of Bank of England meeting
The latest figures showing a higher-than-anticipated rise in consumer prices may influence the Bank of England’s upcoming decision regarding adjustments to interest rates aimed at...
Read Full Article →S&U shake off motor finance woes as verdict looms
The company demonstrated improved financial performance early in the year, reinforcing confidence in its ongoing recovery efforts despite previous challenges within the motor lendi...
Read Full Article →AO World: Record earnings after Music Magpie acquisition
AO World experienced substantial revenue and profit increases following the integration of Music Magpie and enhancements to its membership program, resulting in a significant finan...
Read Full Article →Britons have just 23 hours of ‘genuinely free’ time a week – so much for labour-saving technology |...
Advancements in automation have the potential to greatly increase productivity, which could allow individuals to allocate more time to leisure rather than work, impacting economic...
Read Full Article →What to do if your mobile phone account is hacked or number stolen
Unauthorized access to a mobile phone number can lead to significant financial risks, including fraudulent transactions and compromised banking accounts, making immediate action es...
Read Full Article →UK inflation expected to have dipped in May in latest official figures – business live
Recent data suggests inflationary pressures in the UK may ease slightly in the coming months, potentially influencing the central bank's decision to lower interest rates later this...
Read Full Article →India Global Forum 2025 kicks off in London today
The event marks a key opportunity for both nations to discuss and enhance economic cooperation following the recent trade agreement, potentially boosting investment and commercial...
Read Full Article →Inflation slows to 3.4% but no Bank of England rate cut expected
The latest data showing a reduced rise in consumer prices suggests inflation pressure is decreasing, yet monetary policy is likely to remain unchanged as officials monitor economic...
Read Full Article →Council finances in dire straits, MPs say
A recent report highlights that increasing national insurance costs and rising expenditures on special educational needs are putting local government budgets under severe pressure,...
Read Full Article →The London Stock Exchange has a Martin Lewis-shaped hole
The increasing trust in Martin Lewis as a financial advisor reflects a shift in consumer behavior that could influence investment patterns and economic decision-making across the U...
Read Full Article →Up to 70% of streams of AI-generated music on Deezer are fraudulent, says report
The platform’s findings indicate that a significant portion of revenue from AI-created tracks may be compromised due to automated activities inflating play counts and impacting roy...
Read Full Article →Legal & General: FTSE 100 giant touts asset management plans
Legal & General aims to significantly increase profits within its asset management division, which currently manages over a trillion pounds, by pursuing new growth strategies outli...
Read Full Article →Tax hikes dragging investment to worst level since pandemic, CBI says
Recent increases in employment-related taxes have led businesses to reduce their investment activities significantly, resulting in the lowest commitment to spending on assets in ha...
Read Full Article →St James’ Place: Labour’s dividend tax plans could backfire
Increasing the highest dividend tax rate could reduce overall government income by discouraging investment, potentially undermining expected revenue gains from forthcoming fiscal p...
Read Full Article →Deal fever: Banking giants plot takeovers to ramp up market share
Leading financial institutions are actively pursuing acquisition opportunities to expand their presence, potentially altering competitive dynamics and influencing market valuations...
Read Full Article →Labour is locking Britain into a high-tax, low-growth doom loop
Rising taxes, increased borrowing costs, higher unemployment, and inflation are contributing to slower economic growth, prompting concerns about the long-term financial challenges...
Read Full Article →The first North Sea oil is pumped ashore in Britain – archive, June 1975
The commencement of oil extraction in the North Sea marked a pivotal moment that contributed significantly to Britain's economy by enhancing energy independence and generating subs...
Read Full Article →Opening of HS2 line set to be delayed beyond 2033
The postponement of the HS2 rail project is expected to impact government budgets and allocation of public funds, potentially increasing overall costs and affecting future infrastr...
Read Full Article →Oil trades at four-month high as Israel-Iran conflict enters sixth day
The recent escalation in the Israel-Iran situation has contributed to a notable increase in oil prices, influencing global markets and potentially affecting energy-related expenses...
Read Full Article →Over half of English councils face insolvency under £5bn deficit, MPs warn
An influential parliamentary committee has highlighted that significant deficits related to special educational needs funding may lead numerous local authorities in England toward...
Read Full Article →UK gas plants in line for large windfall payments to keep lights on this winter
Gas producers in the UK are set to receive substantial financial incentives to increase electricity output this winter, supporting energy supply amid fluctuating renewable generati...
Read Full Article →UK unveils cyber security war chest after M&S and Co-op attacks
The UK government has allocated £16 million to support the expansion of its cyber security sector following recent notable breaches affecting major retail companies.
Read Full Article →Financial services firms expected to dump green finance and DEI
A majority of senior professionals in the UK financial sector anticipate reduced emphasis on sustainability initiatives and workplace diversity efforts by their organizations in th...
Read Full Article →Turning coalmines into solar energy plants ‘could add 300GW of renewables by 2030’
Repurposing recently closed coal mining sites for solar power generation has the potential to significantly boost renewable energy capacity, offering substantial economic value and...
Read Full Article →Amazon boss says AI will mean fewer ‘corporate’ jobs
Amazon’s leadership indicates that advancements in artificial intelligence may lead to a reduction in administrative positions within the company over the upcoming years, impacting...
Read Full Article →London-listed Tullow Oil sees merger with Meren Energy collapse
The breakdown of discussions between Tullow Oil and Meren Energy may impact their strategic growth plans and could influence shareholder value and future investment opportunities f...
Read Full Article →Trump threatens to keep 25% tariff on UK steel imports over Port Talbot concerns
The potential extension of a 25% tariff on UK steel imports could impact trade relations and economic activities, particularly affecting the Port Talbot steel plant’s export costs...
Read Full Article →Visual analysis: GPS interference raises risk of accidents in Strait of Hormuz
The disruption of navigation signals near a strategic maritime route may lead to increased operational costs and insurance premiums for shipping companies due to heightened safety...
Read Full Article →