Finance News – U.K.
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Listing candidate Shawbrook in talks to buy SME lender ThinCats for £180m
Shawbrook, a UK financial institution, is negotiating the acquisition of ThinCats, a company that provides loans to small and medium-sized enterprises, in a transaction valued at a...
Read Full Article →Consumer confidence at highest point this year - for one reason
The recent reductions in interest rates by the Bank of England have contributed to an improvement in consumer outlook, potentially encouraging increased spending and impacting econ...
Read Full Article →Fears grow over impact of ONS data reliability on Rachel Reeves’s budget
Concerns about the accuracy of key economic data are complicating budget planning and oversight efforts for government officials ahead of the upcoming fiscal announcement.
Read Full Article →OnlyFans owner paid $701m in dividends as platform readies for potential sale
The substantial dividend payout to the owner highlights significant profitability and investor returns as the content subscription platform experiences increased revenue and prepar...
Read Full Article →UK banks carry out sweeping branch closures as customers go digital
Major financial institutions in the UK have significantly reduced physical locations over recent years, reflecting a strategic shift toward expanding digital services to meet chang...
Read Full Article →US stocks fall for fifth day in a row ahead of key Fed speech
Investors remain cautious as equities decline for several consecutive sessions, reflecting concerns about potential monetary policy changes communicated in the upcoming Federal Res...
Read Full Article →HMRC set to crack down on pension tax relief
The government agency is increasing oversight of pension-related tax benefits claimed by wealthy individuals to enhance overall tax income and ensure compliance with existing regul...
Read Full Article →OnlyFans hands record $701mn dividend to owner ahead of sale
The upcoming sale of OnlyFans involves a significant dividend payout to its owner, highlighting the platform’s substantial financial activity alongside billions paid to content cre...
Read Full Article →Block Elon Musk’s bid to supply UK home energy, Ed Davey urges
Ed Davey expressed concerns that allowing Tesla to enter the UK home energy sector could pose risks to national security, potentially impacting the stability and control of the dom...
Read Full Article →L&Q Kew Bridge Rise Case Study Rhianna
Rhianna's experience with purchasing a portion of a one-bedroom flat demonstrates how shared ownership can provide a more affordable path to homeownership through a combination of...
Read Full Article →Shared Ownership Week – Interview with Angela Barry, Sales Manager at SNG
Shared Ownership presents a valuable financial opportunity for prospective buyers by offering a more accessible route to property ownership amid ongoing market affordability challe...
Read Full Article →Job postings fall in ‘summer slowdown’
The reduction in job vacancies during July indicates a potential economic deceleration, which may impact employment targets and influence fiscal policy decisions in the United King...
Read Full Article →Consumer confidence weak but rate cuts offer some reprieve
Although consumer sentiment remains fragile due to persistent inflation concerns, recent reductions in interest rates by the Bank of England have provided some relief, potentially...
Read Full Article →Overreaching banks are locking millions out of the crypto market
Numerous financial institutions are implementing restrictions that prevent a large number of individuals from participating in cryptocurrency trading, which could impact market acc...
Read Full Article →Business rates are a relic of a bygone era. Reform them to save the high street
Reforming the outdated tax system on commercial properties is crucial to alleviating financial burdens on local retailers and supporting the economic recovery of town centers acros...
Read Full Article →The ‘Nerd Reich’: how tech billionaires infiltrated the White House – podcast
The growing influence of technology entrepreneurs within political spheres highlights potential impacts on economic policies and regulatory frameworks shaping national and global f...
Read Full Article →Jefferies tells senior bankers to collaborate for biggest bonuses
Jefferies encourages top executives to work together in order to enhance deal-making opportunities, aiming to increase overall compensation through successful corporate transaction...
Read Full Article →WH Smith’s US adventure is now stuck in an accounting hole | Nils Pratley
WH Smith’s recent financial misstatement has led to a substantial share price decline, raising concerns about the company’s accounting practices and investor trust amid ongoing exp...
Read Full Article →The US needs a return to realism
Reducing overseas military commitments could lower defense expenditures, while maintaining active trade policies is essential to support economic growth and sustain national financ...
Read Full Article →WH Smith shares plunge 42% after retailer’s £30m accounting error
The company’s market value declined substantially following a revised profit outlook and investigation triggered by a £30 million misstatement in its North American financial repor...
Read Full Article →US retail giant Walmart warns Trump’s tariffs are pushing up costs
Walmart's CEO has indicated that recent tariff policies are contributing to rising expenses, prompting the company to closely monitor ongoing cost increases impacting its financial...
Read Full Article →Trump officials urge Fed to remove governor after she refuses to quit
The dispute involving a Federal Reserve governor may influence investor confidence and market stability, as leadership changes at the central bank can have significant implications...
Read Full Article →Wes Streeting issues private ultimatum to pharma groups in NHS pricing talks
The UK Health Secretary has signaled potential withdrawal from discussions, indicating that unresolved pricing agreements with pharmaceutical companies could impact future NHS expe...
Read Full Article →Drought bringing autumn harvest two weeks early, Waitrose says
The early harvesting of key crops due to dry weather may impact supply chains and pricing strategies for retailers like Waitrose during the typically autumnal sales period.
Read Full Article →UK SMEs confident despite economic headwinds
A recent study reveals that a significant majority of online small and medium-sized enterprises in the UK anticipate business expansion within the coming year, despite facing chall...
Read Full Article →Trump backs down from 250% EU pharma tariff in deal
The recent agreement between the US and EU lowers previously high tariffs on pharmaceutical products, potentially improving market access and reducing costs for companies operating...
Read Full Article →Government takes over Liberty Steel plants in South Yorkshire after collapse
The government’s intervention in Liberty Steel’s South Yorkshire operations aims to stabilize the struggling steel industry and secure thousands of jobs amid financial difficulties...
Read Full Article →London tube staff to strike in September in ‘extremely concerning’ move
The planned strike action by London transport workers in September is expected to disrupt services and potentially hinder economic activity and commuter productivity throughout the...
Read Full Article →Who decides when and where you work? The battle is raging in Whitehall, and the result may affect us...
The ongoing disagreement over hybrid work arrangements at the Office for National Statistics highlights potential impacts on employee productivity, operational costs, and the broad...
Read Full Article →Monzo ramps up the banking battle for Gen Alpha
By increasing interest rates on youth savings accounts, Monzo aims to attract younger customers and strengthen its position in the competitive market targeting Generation Alpha.
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