Finance News – U.K.
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Spending Review: Reeves piles billions into tech as firms cool on UK
The government significantly increased investment in research and development to support technological progress, despite recent withdrawals of several technology companies from the...
Read Full Article →Spending Review: Whitehall faces axe to fund Reeves’ spending spree
Significant reductions in budgets for key government departments will be implemented to allocate substantial funding toward healthcare improvements and advancements in artificial i...
Read Full Article →Pod Point fails to spark as EDF seals cut-price takeover
EDF’s acquisition of Pod Point at a reduced valuation marks a significant development that will conclude the latter’s time as an independent publicly traded company.
Read Full Article →Spending Review: Reeves promises UK will become defence ‘superpower’
Chancellor Rachel Reeves announced an increase in military expenditure to 2.6 percent of GDP by 2027, indicating a significant boost in the UK’s defense-related financial commitmen...
Read Full Article →Rachel Reeves delivers spending review and says use of hotels for asylum seekers to end ‘in this par...
Ending the use of hotels for asylum seekers during this parliamentary term is projected to reduce government expenditures by approximately one billion pounds annually, impacting bu...
Read Full Article →Tesla drivers in France sue over Musk’s political antics
Tesla vehicle owners in France are pursuing legal action to end their contracts, claiming that the CEO’s controversial political statements have negatively impacted the company’s r...
Read Full Article →Tesla shares rise as Musk ‘regrets’ posts about Donald Trump; US-China trade framework cheers market...
Tesla’s stock experienced a notable increase as investors responded positively to Musk’s conciliatory remarks toward political tensions, alongside market optimism fueled by progres...
Read Full Article →End in sight for US-China trade war with ‘framework’ announced in London
The new agreement between the US and China is expected to ease tariffs and improve trade relations, potentially leading to increased market stability and growth for businesses invo...
Read Full Article →Competition watchdog to investigate Evri merger with DHL’s UK parcel arm
The proposed consolidation between two major delivery firms is under review to assess potential impacts on market dynamics and pricing within the United Kingdom’s parcel delivery s...
Read Full Article →High Court rules aircraft lenders can recover loss from planes stuck in Russia
The recent court decision establishes that lenders have the legal right to claim financial recovery for planes immobilized in Russia, potentially impacting insurance liabilities re...
Read Full Article →Real estate manager Long Harbour makes move on PRS REIT
Long Harbour’s interest in acquiring PRS REIT highlights a strategic effort to expand its portfolio within the suburban rental housing market, potentially impacting investment dyna...
Read Full Article →More than £16bn of treasure on shipwreck identified - but there's a row over who owns it
The discovery of a shipwreck containing valuable gold and emeralds estimated at over £16 billion highlights a significant financial asset, though disputes have arisen regarding the...
Read Full Article →Optimism on construction boom lifts housebuilder stocks
The recent government commitment to funding infrastructure projects has positively influenced investor confidence, resulting in a notable increase in the stock values of leading ho...
Read Full Article →BT considers takeover move for struggling rival TalkTalk
BT’s evaluation of acquiring a financially challenged competitor could impact market dynamics and investor confidence, although no formal offer or negotiations have commenced at th...
Read Full Article →US-China trade talks: The fact neither side is saying much on the outcome - says a lot
The limited information following the recent discussions between the US and China suggests uncertainty that could impact financial markets due to unclear prospects for trade polici...
Read Full Article →Gold tops euro to become central banks’ second favourite reserve asset
Amid increasing economic uncertainty, central banks have increased their holdings of gold, elevating it above the euro to become the second most significant reserve asset globally...
Read Full Article →Government’s £122m case against Baroness Mone-linked PPE firm kicks off
The Government has initiated a civil claim seeking over £120 million against a personal protective equipment company connected to Conservative peer Michelle Mone and her spouse.
Read Full Article →Ibstock hikes brick production as UK construction market picks up
By increasing output at multiple facilities, Ibstock aims to capitalize financially on the improving demand in the UK construction sector and address ongoing supply constraints.
Read Full Article →Volvo issues warning despite record UK sales
Although Volvo's UK division achieved substantial revenue growth and a significant increase in profit in 2024, the company has cautioned investors about potential challenges ahead...
Read Full Article →Heathrow reports dip in transatlantic travel as Trump turbulence hits demand
Heathrow Airport experienced a decline in the number of passengers flying to North America, impacting revenue growth despite achieving overall record traffic figures during the sam...
Read Full Article →Gold overtakes euro as global reserve asset, ECB says
In 2024, gold has become the second most held global reserve asset following the US dollar, reflecting significant central bank acquisitions that have reshaped international financ...
Read Full Article →Profit almost wiped out at Asda billionaire’s empire ahead of mega IPO
EG Group, co-founded by the Issa brothers and partly owned by TDR Capital, experienced a significant decline in earnings just before its anticipated $13 billion stock market debut...
Read Full Article →Private equity giant KKR returns with final bid for Assura
The £1.7 billion all-cash acquisition of Assura by investment firms KKR and Stonepeak highlights a significant transfer of ownership away from public markets, impacting the London...
Read Full Article →Salesforce: Labour’s AI plan won’t work without skills push
Economic progress in the UK may be at risk if the development of artificial intelligence is not supported by significant improvements in employee training and skill development.
Read Full Article →Canadian giant swoops for London-listed Ricardo
The acquisition of the London-based engineering company by a major Canadian consultancy for £281 million highlights a significant foreign investment impacting the valuation and own...
Read Full Article →Fuller’s toasts stellar year as Brits flock to pubs
Fuller, Smith & Turner experienced notable financial growth with a 4.8 percent increase in revenue, reflecting sustained customer visits to their establishments despite economic ch...
Read Full Article →What to do if your bike is stolen – and how to break the cycle
Reporting a stolen bike promptly and utilizing insurance coverage, identification registers, and secure locking methods can mitigate potential financial losses and improve chances...
Read Full Article →Premiership Rugby taps Raine and Deloitte as investors circle
Premiership Rugby is working with financial advisors to explore opportunities for external funding as international investors show increasing interest in acquiring stakes within En...
Read Full Article →NHS and education among local spending priorities
Residents of Cornwall and Devon prioritize increased investment in healthcare and schooling, highlighting these sectors as key areas for local budget allocation to support communit...
Read Full Article →DHSC’s £122m claim against Michelle Mone-linked company reaches high court
The government is pursuing a substantial legal action to reclaim payments made to a supplier linked to a notable peer, following issues with PPE contracts awarded during the pandem...
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