Finance News – U.K.
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Bond markets calm despite government benefits u-turn
Despite the government reversing its benefits policy resulting in increased public spending, the UK government borrowing costs remained steady with minimal changes in bond yields d...
Read Full Article →UK car production plunges to 76-year low for May
The sharp decline in UK automobile manufacturing during May reflects challenges in international trade, notably reduced shipments to the US following tariff changes that have impac...
Read Full Article →Sky sells German pay-TV business to RTL for €150m
The transaction allows the parent company to reduce losses by transferring its German pay-TV operations, potentially generating additional revenue based on the buyer’s future busin...
Read Full Article →Labour’s welfare U-turn spikes fears of tax hikes
The government’s reversal on welfare reforms is expected to reduce anticipated savings, potentially increasing fiscal pressures and raising concerns about the need for additional r...
Read Full Article →Aston Martin tariff hit sinks UK car output to 76-year low
The introduction of import duties has significantly disrupted vehicle manufacturing in the UK, causing production levels to fall to a historic low not seen in over seven decades.
Read Full Article →Heathrow eyes earnings crunch as national insurance hike weighs
London Heathrow anticipates a reduction in its 2025 profitability as increased employer national insurance payments contribute to higher operational expenses, potentially lowering...
Read Full Article →RTL Group to buy Sky Deutschland
The acquisition of Sky Deutschland by RTL Group for €150 million represents a strategic investment with potential impacts on market share and revenue growth within the European med...
Read Full Article →Local bus services in England still declining despite investment – report
The report highlights financial challenges as many bus routes rely heavily on government funding, raising concerns about long-term sustainability amid reduced mileage and passenger...
Read Full Article →Cavendish chiefs: Markets need tax incentive to turn heads
Leaders at Cavendish emphasize that implementing favorable tax measures could enhance market activity and support listing growth, especially during the current downturn in mergers...
Read Full Article →Is Labour changing its mind about the OBR?
Labour’s shifting perspective highlights concerns that relying on economic forecasts may not effectively address the ongoing challenges related to the UK’s public finances and gove...
Read Full Article →Gold glitters as mistrust spreads
Growing concerns about international financial stability have prompted discussions among European nations to reconsider the location of their gold reserves, reflecting broader impl...
Read Full Article →BoE urged to curb bond sales investors say could ‘reignite’ sell-off
Fund managers warn that reducing bond purchases may increase borrowing expenses and strain government budgets, potentially affecting overall financial stability and investor confid...
Read Full Article →The rollercoaster ride of Britain’s financial markets
The upcoming 90th anniversary of the FT30 marks a significant milestone, reflecting nearly a century of fluctuations and trends that have shaped the financial landscape in the UK.
Read Full Article →Jeremy Hunt ‘made mistake’ in taxing non doms
The decision to eliminate the special tax status for non-domiciled residents resulted in increased government revenue by billions, impacting both tax policy and contributions from...
Read Full Article →Nike says Trump tariffs could raise its costs by $1bn
Nike anticipates that increased expenses resulting from new US trade restrictions may significantly affect its finances, prompting the company to reduce manufacturing dependence on...
Read Full Article →EU ready for trade deal with US but prepared to fail, says von der Leyen
The potential trade agreement between the EU and the US could significantly impact economic relations, with risks of increased tariffs on steel affecting industries and market stab...
Read Full Article →UK vehicle production hits 76-year low in May as Trump tariffs bite
The sharp decline in UK vehicle manufacturing during May reflects the economic impact of new trade barriers, significantly affecting major automakers’ ability to access the America...
Read Full Article →Office for National Statistics has ‘deep-seated’ problems and needs an overhaul
Addressing longstanding management issues at the UK’s main statistics agency may require significant investment and organizational changes, potentially impacting the accuracy and r...
Read Full Article →High flyer to pariah: the saga of Epstein-linked banker Jes Staley
Jes Staley’s association with a controversial figure significantly impacted his leadership role at Barclays, illustrating how personal connections can influence the stability and r...
Read Full Article →The Guardian view on Labour’s industrial turn: leaving finance untouched will come at a cost for the...
The government’s renewed focus on manufacturing and sustainable energy suggests potential shifts in economic priorities, which may influence national financial stability and long-t...
Read Full Article →Elizabeth Warren presses oil companies on tax break lobbying for Senate bill
Senator Elizabeth Warren is seeking clarification from energy firms regarding a potential legislative provision that might eliminate their federal income tax obligations, impacting...
Read Full Article →The arithmetic is tricky for a Shell bid for BP today. Next year may be different
Shell's potential acquisition of BP depends heavily on future shifts in share value and strategic adjustments, as current financial conditions and leadership changes influence the...
Read Full Article →AI returns have not yet justified investment mania
Despite ongoing enthusiasm surrounding artificial intelligence, the current financial outcomes have yet to align with the high expectations driving substantial investments in the s...
Read Full Article →Cutting down forests to feed Drax incurs a huge carbon cost | Letters
Subsidizing biomass energy by allocating billions to power stations like Drax has significant financial implications, as it supports practices with long-term environmental costs an...
Read Full Article →Fresh drive to fix shortfalls in UK's economic statistics
The government plans to allocate ten million pounds to improve the reliability of key economic data produced by the Office for National Statistics, addressing ongoing concerns abou...
Read Full Article →Number of higher-rate UK taxpayers expected to hit more than 7m this year
Due to unchanged income tax thresholds since 2021, an additional half a million individuals in the UK will face a higher marginal tax rate on certain earnings in the upcoming fisca...
Read Full Article →Growing signs of slowdown in UK jobs market, says Bank of England governor
The anticipated reduction in employment opportunities and moderation in wage increases may influence the Bank of England's upcoming decision on interest rates amid changing economi...
Read Full Article →Starling Bank sets sights on US expansion
Starling Bank’s move to enter the US market aims to enhance its revenue streams and offset recent profit declines by tapping into new customer bases and expanding its international...
Read Full Article →The Eastern City BID Announces £100,000 Funding and Two-Year Partnership with Providence Row
The Eastern City Business Improvement District is allocating £100,000 and establishing a collaborative relationship with Providence Row for two years to advance support initiatives...
Read Full Article →Merz ‘delusional’ over US sparing German cars in EU trade deal
Brussels clarified to the German chancellor that the EU’s trade agreement with the US will not include special exemptions for the automotive industry, potentially impacting financi...
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