Finance News – U.K.
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Second study finds Uber used opaque algorithm to dramatically boost profits
Researchers have revealed that Uber employed a non-transparent pricing system which significantly increased its earnings by adjusting fares and driver payments in a manner that lac...
Read Full Article →Bella Italia owner slashes losses after shedding 700 jobs
The company behind several restaurant chains reduced its workforce significantly, resulting in a notable decrease in financial deficits reported in the most recent fiscal period.
Read Full Article →Profit surges at Richard Desmond’s empire ahead of UK lottery court battle
Richard Desmond’s Northern & Shell has experienced a notable increase in earnings prior to a legal dispute regarding the licensing of the UK’s National Lottery scheduled for Octobe...
Read Full Article →THG shares jump as MyProtein owner returns to revenue growth
The company experienced increased sales in its key divisions, boosting investor confidence and contributing to a notable rise in its stock value prior to the annual general meeting...
Read Full Article →Lego: Profit spikes as sales pass major milestone
The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.
Read Full Article →Asda loses £600m amid major turnaround plan
Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...
Read Full Article →Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub
Tritax Big Box’s acquisition of Warehouse REIT for £485 million reflects a strategic investment in the logistics sector, highlighting competitive dynamics among major investors see...
Read Full Article →Halfords to shut garages amid growing cost pressures
Facing rising operational expenses driven by recent fiscal policies, Halfords plans to discontinue certain service locations, a move that has contributed to a slight decline in its...
Read Full Article →Babcock shares soar as FTSE 100 giant hails ‘new era’ for defence
Babcock experienced substantial financial growth with an 11 percent rise in revenue to £4.8 billion and a significant boost in operating profit, reflecting its expanding role in na...
Read Full Article →Whale-watching the stablecoin trade in ersatz roubles for sort-of dollars
The exchange of nearly $9.3 billion in digital assets highlights substantial activity within alternative currency markets, reflecting notable investor interest and potential impact...
Read Full Article →Government did not want to ‘harass’ Post Office victims by chasing up claims
At least £600,000 in compensation related to the Horizon IT controversy remains unclaimed as authorities have avoided contacting eligible recipients to prevent causing them distres...
Read Full Article →Net zero levy cuts are just tinkering at the edges
The proposed adjustments to energy charges represent minor financial changes, reflecting ongoing confidence in government intervention despite historical evidence favoring market-d...
Read Full Article →James Reed: UK jobs market is among worst I’ve ever seen
The prolonged downturn in employment over nearly three years highlights significant challenges in the UK labor market, potentially impacting economic growth, business stability, an...
Read Full Article →Industrial strategy shows Labour has a long-term plan for growth
The government’s industrial policy aims to enhance productivity and stimulate economic expansion by fostering sustained collaboration between public institutions and private enterp...
Read Full Article →Courts pushing back on corporate carbon offsetting claims, LSE report finds
Increasing legal challenges against firms’ climate strategies are creating financial risks by potentially limiting the use of carbon credits, which may affect corporate compliance...
Read Full Article →How oil traders called the Middle East conflict
Market participants relied on open source intelligence and social media analysis to make informed decisions, resulting in a confident sell-off amid the ongoing unrest in the Middle...
Read Full Article →Can HSBC cut its way to growth?
HSBC’s recent restructuring may limit its ability to increase income amid challenges such as international trade costs and declining interest rates, raising questions about its fin...
Read Full Article →Crypto coin for Russian shadow payments moves $9bn
The A7A5 digital currency has handled transactions totaling approximately $9 billion, highlighting its role in maintaining monetary exchanges affected by geopolitical tensions in t...
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