Finance News – U.K.
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Trump signals sanctions relief for China to buy Iran’s oil
The indication of easing restrictions on China’s oil purchases from Iran could impact international trade dynamics and influence global energy markets amid changing diplomatic stan...
Read Full Article →Co-op to stop sourcing goods from Israel, Iran and 15 other countries
The retailer’s decision to exclude products from multiple countries due to human rights concerns may impact its supply chain costs and influence consumer purchasing patterns across...
Read Full Article →EU readies retaliatory tariffs to secure better trade deal with Trump
The European Union is preparing to implement counter-tariffs as leverage to negotiate improved trade terms with the United States before the upcoming July deadline.
Read Full Article →Federal Reserve chair defends holding interest rates after fresh Trump attacks
Jerome Powell emphasized the central bank’s cautious approach to monetary policy, highlighting its intention to monitor tariff-related inflationary pressures before making any adju...
Read Full Article →Tech in the Iran-Israel conflict: internet blackout, crypto burning and home camera spying
The extensive internet shutdown and increased cyber activities amid the Iran-Israel conflict could disrupt regional digital markets and impact the valuation of technology and cyber...
Read Full Article →'A slap in the face' - Asos bans shoppers for making too many returns
The company’s new policy targeting frequent product returns aims to reduce operational costs, although it has sparked debate over its impact on customer satisfaction and fairness.
Read Full Article →Borders watchdog casts doubt on Labour pledge to end asylum hotels
The borders watchdog has expressed skepticism about the Labour government’s claim that ending the use of hotels for asylum seekers by 2030 will result in annual savings of approxim...
Read Full Article →Rangers takeover: 49ers promise to attract better sponsors and signings
The involvement of a prominent American ownership group is expected to enhance the club's marketability, leading to increased revenue opportunities through improved sponsorships an...
Read Full Article →ONS appoints Bank of England data exec as new chief
The appointment of a senior Bank of England data expert aims to strengthen the Office for National Statistics’ leadership amid concerns about data management and its impact on econ...
Read Full Article →Israel-Iran ceasefire hopes drive down oil and gas costs
Anticipation of reduced conflict in the Middle East has contributed to a notable decline in global energy prices, reflecting market expectations of stabilized supply routes and dim...
Read Full Article →Manufacturers falter as Reeves urged to fast-track growth policies
The decline in manufacturing output highlights the urgent need for government support through rapid implementation of skills development and technological advancements to stimulate...
Read Full Article →Iran-Israel ceasefire boosts markets risk appetite; UK inflation may ‘plateau’, warns Bank of Englan...
The easing of tensions in the Middle East has improved investor confidence, leading to a surge in European travel and leisure shares alongside a notable decline in global oil price...
Read Full Article →High street stalwart Claire’s explores a sale as cost pressures mount
Claire’s, facing increasing financial challenges and competitive pressures, is considering options that may include selling the business to address rising operational expenses and...
Read Full Article →Stablecoins ‘perform poorly’ as money, central banks warn
Stablecoins face challenges in maintaining reliable value and security, raising concerns among financial authorities about their potential risks to economic stability and misuse fo...
Read Full Article →Inflation ‘plateau’ could keep interest rates higher, Bank hawk warns
Persistent elevated inflation levels are likely to influence the central bank’s decision to maintain elevated borrowing costs, potentially impacting economic growth and financial m...
Read Full Article →Natwest executive top choice to lead Reeves’ National Wealth Fund
Appointing a high-ranking Natwest official to manage the National Wealth Fund could influence the strategic oversight and allocation of substantial public financial resources under...
Read Full Article →UK vows to spend 5% of GDP on national security by 2035
The UK plans to allocate a substantial portion of its economic output toward enhancing defense capabilities, reflecting a long-term commitment to strengthening national security by...
Read Full Article →Chelsea fans slam club’s ‘exploitative’ new ticket policies
The recent increase in season ticket prices at Chelsea, averaging 17 percent over two years, has raised concerns about the club’s approach to maximizing revenue from dedicated supp...
Read Full Article →UK energy meter switch-off delayed amid fears over heating and higher bills
Delaying the deactivation of outdated electricity meters helps prevent sudden increases in household energy costs and potential heating system issues for thousands of UK residents...
Read Full Article →Cavendish shares eye year high after rejecting deals unit takeover
Cavendish’s stock rose notably following the company’s decision to decline acquisition proposals for its transaction division, reflecting investor confidence amid unsolicited inter...
Read Full Article →Police warn of SMS scams as ‘blaster’ is used to send thousands of texts
The use of devices that send mass scam texts bypassing network controls poses significant financial risks by increasing fraud attempts and potential losses for individuals and mobi...
Read Full Article →Smith & Williamson tables bid for deals unit of investment bank Cavendish
Smith & Williamson’s proposal to acquire parts of Cavendish could lead to the division of the publicly traded investment bank, potentially impacting its market valuation and shareh...
Read Full Article →FTSE 100 held back by Shell and BP after ‘fragile’ ceasefire
The modest increase in the FTSE 100 was limited by declining shares of major energy companies, reflecting ongoing market uncertainties and impacting overall investor confidence.
Read Full Article →NatWest exec Holbourn leads race to run National Wealth Fund
A senior leader from NatWest Group is among the frontrunners to manage the National Wealth Fund, which plays a crucial role in overseeing significant government investments.
Read Full Article →Motorsport Valley a £16bn jewel in crown of UK, new report says
Motorsport Valley, encompassing regions such as the Midlands and Oxfordshire, generates a turnover of £16 billion, highlighting its important role in the UK’s advanced manufacturin...
Read Full Article →Oil prices tumble after Israel agrees to Iran ceasefire
The recent agreement between Israel and Iran has led to a significant decline in crude oil value, falling over 5% to levels not seen since the initial conflict began.
Read Full Article →Higher tax ‘inevitable’ as PM makes defence spending pledge
Increasing defence expenditure to a larger portion of the country’s economic output is likely to require additional revenue generation through taxation, according to economic analy...
Read Full Article →Glengoyne whisky maker suffers worst decline in decades as demand falls
Ian McLeod Distillers experienced a substantial reduction in pre-tax profit to £15.6 million for the year ending September 2024, reflecting a significant downturn in consumer inter...
Read Full Article →Saga shares jump after revealing banking tie-up with Natwest
Saga’s stock experienced an increase following the announcement of impending collaboration with a major financial institution, signaling potential growth and enhanced financial ser...
Read Full Article →Record profit for Harry Potter and the Cursed Child theatre owner
Nimax Theatres reported a pre-tax profit of £10 million for the year ending September 2024, marking a significant financial milestone for the company managing the West End producti...
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