Finance News – U.K.
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Air India cancels eight international flights as crash inquiry continues
The cancellation of multiple international flights by Air India is likely to impact the airline's revenue and operational costs amid ongoing investigations and safety inspections o...
Read Full Article →Rolls-Royce calls for government to back plans for new engine
The company’s request highlights the potential economic impact of government involvement in advancing innovative manufacturing projects that could strengthen key sectors within the...
Read Full Article →Kellogg's, Coca-Cola and Brewdog beer on Russian shelves despite sanctions
Despite ongoing sanctions, several major international brands continue to generate revenue by maintaining a presence in Russian retail markets, reflecting complex economic and trad...
Read Full Article →Tories: Labour desperate to use bookies tax to bail out Rachel Reeves
The proposed changes to gambling taxes have raised concerns about their potential impact on betting shops and horse racing, highlighting debates over government revenue strategies...
Read Full Article →Europe will never return to Russian gas, European Commission insists
The European Union’s plan to eliminate natural gas imports from Russia by 2028 could significantly impact energy costs and supply stability, while encountering resistance from seve...
Read Full Article →UK watchdog fines 23andMe for 'profoundly damaging' data breach
The regulatory penalty imposed on the DNA testing company highlights financial challenges amid its bankruptcy proceedings and upcoming ownership transfer, potentially impacting its...
Read Full Article →Law firm mergers down as lawyers hold out for private equity appetite
The decrease in consolidation among UK law firms reflects a strategic pause as legal professionals await increased investment interest from private equity sources.
Read Full Article →Musk’s xAI nears $9.3bn equity and debt deal
Despite recent personal controversies, the impending $9.3 billion financing arrangement for Musk's xAI highlights continued strong investor confidence and significant capital inflo...
Read Full Article →DNA testing firm 23andMe fined £2.3m by UK regulator for 2023 data hack
The £2.3 million penalty imposed on 23andMe highlights the financial repercussions companies face for inadequate cybersecurity measures resulting in unauthorized access to sensitiv...
Read Full Article →Why the Bank of England will hold interest rates
The upcoming decision by the Bank of England is closely watched for its potential impact on borrowing costs, inflation expectations, and overall economic stability in the United Ki...
Read Full Article →Natwest top pick to acquire TSB
Natwest Group's recent transition to private ownership positions it to potentially expand its market presence through significant acquisitions, including a likely purchase of TSB B...
Read Full Article →Musk’s X tops UK news as Grok says it’s ‘likely’ most viewed – while Meta and TikTok falter
The resurgence of Elon Musk’s X as a leading news app in the UK could signal renewed advertising opportunities and potential revenue growth amid challenges faced by major competito...
Read Full Article →Trump claims EU is not yet offering a fair trade deal; Reeves pitches UK as ‘oasis of stability’ – b...
Ongoing geopolitical tensions and shifting energy market dynamics are contributing to increased volatility in global stock indices, reflecting investor concerns over future trade r...
Read Full Article →‘I have never seen such open corruption’: Trump’s crypto deals and loosening of rules shock observer...
The substantial financial gains linked to relaxed regulations and high-value token purchases highlight the growing economic impact of presidential involvement in the cryptocurrency...
Read Full Article →Dollar weakens as ‘confidence in US assets continues to erode’
The decline in the US dollar’s value against other major currencies reflects diminished investor trust, potentially impacting international trade costs and influencing global finan...
Read Full Article →Pisces edges closer to fruition after Avenir launches securities register
The introduction of Avenir Registrars' new product range is expected to enhance market compatibility and support emerging companies, potentially increasing investor confidence and...
Read Full Article →Experts question whether $499 gold Trump phone can be US-made
The proposed $499 Trump-branded phone raises questions about its domestic manufacturing, highlighting potential challenges in leveraging the former president’s brand for profitable...
Read Full Article →King Charles’ Crown Estate to invest £400m in offshore wind supply chain
The Crown Estate plans to allocate £400 million towards enhancing the offshore wind supply chain, including £350 million dedicated to building new port facilities and related infra...
Read Full Article →Reeves considers softening inheritance tax changes amid non-dom backlash
The proposed modifications to inheritance tax policies aim to balance attracting international investors with addressing concerns raised by influential financial stakeholders.
Read Full Article →Morgan Sindall: Shares in FTSE 250 firm hit record high amid profit boom
Morgan Sindall experienced a notable increase in its stock value following an announcement that its yearly earnings are expected to substantially surpass initial forecasts, reflect...
Read Full Article →Tennis chiefs demand action from gambling industry over online abuse
The growing financial impact on the sport includes potential revenue loss as increasing online abuse linked to gambling may harm player wellbeing and deter sponsorship and fan enga...
Read Full Article →Wowcher: Profit slashed after huge refund over pressure selling tactics
Wowcher experienced a substantial decrease in earnings following the Payment of over £4 million in refunds to nearly 870,000 customers due to concerns raised by the UK competition...
Read Full Article →‘Vital’ that British steel gets Trump tariff deal after UK-US trade pact, say unions
Securing exemptions from US tariffs is crucial for the British steel industry’s financial stability, as ongoing levies could increase costs and reduce competitiveness in transatlan...
Read Full Article →Flora and I Can’t Believe It’s Not Butter maker issues huge pay day
The company responsible for Flora and I Can’t Believe It’s Not Butter distributed a substantial dividend of £90 million, marking its first significant financial payout since privat...
Read Full Article →Global oil supplies forecast to outstrip demand this year despite Middle East war
The International Energy Agency projects an increase in oil production next year that could exceed consumption, potentially influencing market prices and economic stability worldwi...
Read Full Article →Losses continue at maker of BBC Question Time as jobs shed
The production company experienced significant financial challenges, reporting a substantial pre-tax deficit and a sharp decline in revenue over two years, which contributed to wor...
Read Full Article →UK bank TSB could be sold off by Spanish owner Sabadell
The potential sale of TSB by its Spanish parent Sabadell reflects strategic financial moves amid a substantial takeover attempt by a competing Spanish banking group valued at €11 b...
Read Full Article →Bitcoin minnow Smarter Web Company joins ranks of UK’s most valuable businesses
Following a rapid increase in its share price, The Smarter Web Company has reached a market valuation of £720 million, positioning it among the more prominent publicly traded firms...
Read Full Article →Rachel Reeves mulls inheritance tax U-turn as non-doms flee
Rachel Reeves is considering adjustments to global asset taxation for non-domiciled individuals in response to increased financial outflows and concerns raised by the City regardin...
Read Full Article →UK aerospace sector to avoid tariffs as Trump-Starmer trade deal clinched
The newly established trade agreement between the UK and the US is expected to reduce costs for aerospace manufacturers and automobile exporters by eliminating import duties and fo...
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