Finance News – U.K.
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Russia on brink of recession, says economy minister
Persistent inflation and the central bank's strict measures have led to economic deceleration, signaling potential negative impacts on national income and investment levels in Russ...
Read Full Article →Recruiter Hays warns global slump in hirings will halve its profits
Hays has forecast a significant decline in its annual earnings due to reduced global recruitment demand, leading to a notable drop in its stock value amid broader economic uncertai...
Read Full Article →Blow to London Stock Exchange as Scottish Widows plots huge selloff
A major UK pension fund managing substantial assets plans to significantly reduce its investment in domestic stocks, potentially impacting market liquidity and investor confidence.
Read Full Article →Refy: Sales spike at influencer Jess Hunt’s beauty brand
Refy, the beauty company established by Jess Hunt and Jenna Meek, reported a notable increase in revenue and earnings, reaching a turnover of £40.3 million for the fiscal year endi...
Read Full Article →UK Uber drivers’ earnings cut after secretive algorithm changes
A recent study indicates that changes in Uber's pricing system have led to reduced hourly incomes for drivers in the UK, despite an overall increase in trip costs for passengers.
Read Full Article →Bank of England holds rate but eyes cuts ahead despite global risks
The Bank of England’s decision to maintain current interest rates reflects potential economic softness, suggesting future reductions may be considered to support growth despite ong...
Read Full Article →NBA’s LA Lakers to sell majority stake to Chelsea co-owner in £7.5bn deal
The transfer of controlling interest in the LA Lakers to a new owner highlights a major transaction that may establish one of the highest valuations ever recorded for a professiona...
Read Full Article →Shell boss warns of ‘huge impact on trade’ if Israel-Iran conflict escalates
Disruptions in the strategic maritime route essential for a significant portion of global oil transport may lead to volatility in energy prices and widespread consequences for inte...
Read Full Article →Is Trump going to save TikTok… again?
The uncertainty surrounding TikTok’s operations in the US continues to influence market dynamics, as repeated postponements of regulatory decisions affect investor confidence and f...
Read Full Article →Smarter Web Company shares jump after million-pound Bitcoin spree
The recent acquisition of over 100 Bitcoin, valued at more than £8 million, has positively influenced Smarter Web Company’s stock performance and highlights its long-term investmen...
Read Full Article →‘We need the next Nikolay Storonsky’: Labour urged to act now to create next tech unicorn
Attracting innovative technology entrepreneurs is considered crucial for driving significant economic growth and establishing new high-value companies within the UK’s evolving tech...
Read Full Article →B&M swaps one tax haven for another
B&M’s decision to relocate its registered address from Luxembourg to Jersey is expected to streamline its corporate setup and potentially enhance its ability to distribute returns...
Read Full Article →Vodafone picks Microsoft exec for £2m finance chief role
Vodafone’s appointment of Pilar López as its new finance leader signals a strategic shift in financial management amid leadership changes and reflects the company’s focus on streng...
Read Full Article →KKR’s acquisition of Assura gets green light from Europe
The approval from European regulators allows KKR to proceed with its £1.7 billion investment in Assura, potentially impacting the healthcare property market through increased priva...
Read Full Article →NCC Group pivots on cyber security amid rising demand
NCC Group is adjusting its cyber security strategy following a decline in revenue during the first half of the year, reflecting challenges in maintaining financial growth within th...
Read Full Article →Matalan: Huge losses continue as almost 200 jobs lost
Matalan’s ongoing financial difficulties are reflected in a significant pre-tax deficit exceeding £60 million, accompanied by a substantial workforce reduction as the company’s rev...
Read Full Article →Hays: Shares tank after recruiter issues latest profit warning
Hays’ revised profit outlook reflects ongoing difficulties in the recruitment sector, leading to a significant drop in investor confidence and a sharp decline in the company’s stoc...
Read Full Article →Premier Inn owner Whitbread sees UK sales falter amid shake-up of pub business
Whitbread experienced a notable decline in UK revenues during the initial quarter, reflecting market difficulties and a strategic reorganization of its food and beverage operations...
Read Full Article →Natwest rules out TSB takeover
Natwest's decision not to pursue acquisition of TSB alters market expectations, potentially impacting strategic consolidation trends within the UK banking sector and investor outlo...
Read Full Article →UK ministers to restart approval process for two North Sea oilfields
The government's decision to revisit permits for two significant North Sea energy projects highlights ongoing challenges in reducing reliance on imported gas and influencing long-t...
Read Full Article →Lump sum vs cost averaging: what is the best ISA strategy?
Research indicates that investing a large amount at once can yield higher returns, though regularly contributing smaller sums still builds wealth steadily and suits many personal f...
Read Full Article →Number of UK homes worth more than a million has doubled since 2019
The increase in properties valued at over one million pounds since 2019 reflects significant growth in the UK housing market, indicating rising asset values and potential impacts o...
Read Full Article →Young Brits drive consumer confidence up while high-income households cut back
In June, increased optimism among younger individuals contributed to a slight rise in overall consumer confidence, despite reduced spending tendencies observed within higher-earnin...
Read Full Article →Rumours of the dollar’s demise have been greatly exaggerated
Despite speculation about its decline, the dollar remains a central global reserve currency, heavily influencing international trade, investment flows, and monetary policies across...
Read Full Article →Sales of London mansions falter amid low confidence and non-dom exodus
The decline in London luxury property sales, with a drop in both average prices and transaction volumes, reflects reduced buyer interest and broader market uncertainty affecting hi...
Read Full Article →UK suffers second highest fall in wealth of any major economy in 2024
In 2024, the average household assets in the UK experienced a significant decline compared to other major economies, raising concerns about economic stability and the retention of...
Read Full Article →UK business set to gain big from India trade deal, says minister
The recently established trade agreement between the UK and India is expected to enhance economic opportunities for companies in sectors like finance, healthcare, and education by...
Read Full Article →Labour must not overlook London when it comes to infrastructure spending
Allocating sufficient funds for infrastructure in the capital is crucial, as it supports nationwide economic development and should be balanced alongside investments in other regio...
Read Full Article →AIM is turning 30, but there’s precious little to celebrate
The upcoming 30th anniversary of AIM highlights ongoing challenges in attracting investment, emphasizing the need for tax policies that better support the higher risks associated w...
Read Full Article →The truth about infrastructure: investors need a return
The upcoming decade-long plan highlights the crucial role of private funding in infrastructure projects, emphasizing the importance of generating adequate financial returns to attr...
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