Finance News – U.K.
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Crystal Palace’s Europa League hopes increase as Johnson closes on £190m deal
The potential acquisition of a significant stake in Crystal Palace by a prominent investor for nearly £190 million could enhance the club’s financial resources and improve its pros...
Read Full Article →UK manufacturing set for a funding boost to reduce energy costs
The upcoming industrial plan aims to provide financial assistance to energy-dependent industries in the UK, helping reduce operational expenses and improve workforce capabilities w...
Read Full Article →HMRC has ‘lost control’ of small businesses as missing tax hits 40%
A substantial portion of unpaid taxes originates from smaller companies, which represent nearly two-thirds of total outstanding revenue, indicating significant challenges in tax co...
Read Full Article →Rough ride: how Uber quietly took more of your fare with its algorithm change
Since implementing dynamic pricing, Uber’s increased commission rate has significantly reduced drivers’ income by taking a larger portion of fares through algorithm adjustments.
Read Full Article →Post Office scandal redress must not only be fair - it must be fast
The financial impact of the Post Office scandal requires timely and equitable compensation to restore trust and address the losses suffered by those affected.
Read Full Article →How bad is the HS2 fiasco now? So bad it's time to listen to Nigel Farage | Simon Jenkins
The ongoing delays and escalating expenses in the high-speed rail initiative have placed significant strain on public funds, raising concerns about the project's overall economic v...
Read Full Article →Ministers set out plans to spend £725bn on UK infrastructure over 10 years
The government intends to allocate an average of £9 billion annually over the next decade to improve public service buildings, contributing to a total investment exceeding £700 bil...
Read Full Article →New emissions guidance for oil and gas projects
The updated regulatory framework could influence investment decisions and operational costs for energy companies involved in the development of key oil and gas reserves off the coa...
Read Full Article →Government considering measure to slash industrial energy prices
Officials are evaluating a proposal to reduce energy expenses for manufacturers, aiming to enhance competitiveness by aligning costs with those faced by businesses in neighboring E...
Read Full Article →Ed Miliband forced to look again at North Sea oil and gas
The government is reconsidering regulatory adjustments for North Sea oil and gas operations to potentially reduce consumer energy costs and impact investment in the sector’s future...
Read Full Article →UK growth to suffer from interest rates hold, industry warns
Maintaining elevated borrowing expenses may slow economic expansion in the UK, as key industry representatives caution about potential challenges despite signals of future rate red...
Read Full Article →CMA to probe delivery of UK road and railway projects as costs soar
The rising expenses and ongoing setbacks in UK transport infrastructure projects have prompted regulatory authorities to examine potential factors affecting budget management and t...
Read Full Article →Bank’s rate decision leaves frustrated Reeves praying for an August cut
The Bank of England’s decision to maintain current interest rates limits immediate economic stimulus, posing challenges to growth amidst geopolitical tensions and rising living cos...
Read Full Article →Challenger banks scout exit routes as giants circle Metro and TSB
Industry experts anticipate increased consolidation in the banking sector as smaller institutions consider departures amid competitive pressures from larger firms aiming to expand...
Read Full Article →Elon Musk’s X to offer investment and trading in ‘super app’ push
Elon Musk’s company aims to expand its platform by integrating financial tools such as payment cards, potentially increasing user engagement and creating new revenue streams within...
Read Full Article →Infrastructure strategy: Hospitals and schools focus of funding push
The government plans to invest £10 billion annually over the next ten years, allocating more than £6 billion each year specifically for hospital upkeep to improve public service fa...
Read Full Article →The moment Elon Musk's SpaceX’s Starship 36 explodes – video
The recent destruction of SpaceX’s latest Starship prototype during testing could impact the company’s development timeline and investment plans related to its ambitious space expl...
Read Full Article →Bank of England warns of ‘elevated’ global uncertainty after leaving interest rates on hold – busine...
The Bank of England highlighted increased global risks influencing energy costs and economic stability, while Norway’s unexpected rate cut signals varied central bank approaches am...
Read Full Article →Bank of England keeps interest rates at 4.25% but hints at cuts to come
The Bank of England’s decision to maintain current borrowing costs while indicating potential future decreases reflects ongoing economic challenges and influences expectations for...
Read Full Article →BoE holds rates at 4.25% amid Middle East uncertainty
The Bank of England's decision to maintain interest rates reflects ongoing economic concerns, as persistent inflation pressures continue to influence monetary policy amid global ge...
Read Full Article →Bupa acquires first UK hospital since 2008
The purchase of New Victoria Hospital marks a strategic investment for Bupa, allowing the company to broaden its healthcare offerings and strengthen its presence within the competi...
Read Full Article →Bank of England holds interest rates at 4.25 per cent
The decision to maintain the current interest rate reflects efforts to manage ongoing inflation and wage increases, while geopolitical risks may influence future energy costs and e...
Read Full Article →Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting
The chancellor indicated in a private discussion that increased taxation on energy firms would be balanced by government support through carbon capture and storage incentives.
Read Full Article →US weighs risks of Iranian retaliation
Experts suggest that potential actions from Iran may impact US military personnel overseas, global energy markets, and cybersecurity, thereby posing economic challenges and uncerta...
Read Full Article →Swiss watch exports plummet after tariff uncertainty hits sales
In May, Swiss watch shipments to the US declined sharply due to concerns over potential tariffs, resulting in a nearly 10% drop and interrupting earlier growth trends reported by i...
Read Full Article →UK rebuffs Thames Water creditor demands as administration looms
Creditors’ ability to support the utility depends on regulatory leniency and reduced penalties, affecting its financial stability as it faces potential insolvency in the near futur...
Read Full Article →Motor finance woes could make Close Brothers the next takeover target
Close Brothers’ challenges in the motor finance sector, combined with increased regulatory scrutiny, have raised concerns among analysts about its potential vulnerability to acquis...
Read Full Article →Morrisons boosts sales amid looming ‘trolley wars’
Morrisons experienced a notable rise in sales and improved earnings, reflecting strengthened financial performance as the company aims to reduce debt and maintain competitiveness i...
Read Full Article →Saudi Arabia’s Real Estate Surge: NHC Takes the Lead
The expansion in Saudi Arabia’s property market, guided by strategic goals, highlights NHC’s crucial role as a major developer contributing to the country’s economic growth and urb...
Read Full Article →Swiss central bank cuts rates to zero
The Swiss central bank's decision to reduce interest rates to zero reflects challenges in managing economic stability due to currency appreciation and external trade tensions impac...
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