Finance News – U.K.
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Italian police arrest Ukrainian man over Nord Stream pipelines blast
The disruption of the Nord Stream pipelines, crucial for European energy supply, has had significant economic implications, affecting gas prices and raising concerns about energy s...
Read Full Article →US to hold high tariffs on European cars until Brussels moves to cut tariffs on US goods
The ongoing tariff dispute impacts automotive trade by keeping import costs high for European vehicles in the US, influencing market prices and potentially affecting bilateral econ...
Read Full Article →UBS invests in AI data platform amid financial services shift
UBS’s equity investment in an AI data platform highlights its commitment to integrating advanced technologies within financial services, aiming to enhance operational efficiency wh...
Read Full Article →Blackrock encourages investors to increase exposure to hedge funds
Amid ongoing economic and geopolitical challenges, expanding allocations to alternative investment strategies like hedge funds may offer institutional investors opportunities for i...
Read Full Article →Average two and five year mortgages below 5% for first time since 2023
The decline in mortgage rates to under 5% for both two and five-year terms may improve affordability and encourage more homebuyers to enter the market after a prolonged period of h...
Read Full Article →Strongest rise in UK business activity in a year while hiring falls; WH Smith shares crash 40% on ac...
Rising business activity in the UK and improving eurozone economic indicators suggest gradual growth, despite challenges like inflation and decreased hiring, which continue to infl...
Read Full Article →Tesco meal deal price rises by 25p
The recent increase in the cost of a popular supermarket offer reflects ongoing inflationary pressures affecting everyday grocery expenses for consumers across the country.
Read Full Article →WH Smith shares tumble 41% after accounting blunder
WH Smith’s stock price dropped significantly following an accounting error, prompting the company to engage auditors for investigation and reduce its estimated earnings forecast.
Read Full Article →Average five-year mortgage at lowest level since 2023
The recent decline in the average five-year fixed mortgage rate to 4.99% may influence borrowing costs and impact housing market activity by making long-term loans more affordable.
Read Full Article →US to keep high tariffs on European cars until Brussels moves to lower its levies
The continuation of elevated import taxes on European automobiles by the United States aims to encourage reciprocal tariff reductions from Europe, directly impacting trade costs an...
Read Full Article →CEO-to-worker pay gap surges to 632 to 1 at US’s lowest-paying large firms, study shows
In recent years, executive earnings at the lowest-paying major US companies have grown substantially faster than employee wages, significantly increasing the disparity between top...
Read Full Article →Services lead ‘fragile and uneven’ business activity rebound
The recent increase in private sector output indicates modest economic improvement, yet experts warn that the recovery's sustainability is uncertain due to inconsistent performance...
Read Full Article →WHSmith shares tumble 40% after accounting error at North American arm
The company's stock experienced a significant decline following the discovery of inaccuracies in its North American division's financial reports, prompting external investigation a...
Read Full Article →Motorsport body gives green light to £500m World Rally auction
The approval from the international motorsport authority is expected to facilitate the transfer of commercial rights for the World Rally Championship, potentially generating substa...
Read Full Article →UK firms pin hopes on US trade growth despite tariffs
Many UK exporters anticipate increased revenue from the American market, expecting stronger demand that could help offset the financial impact of recent import restrictions and sti...
Read Full Article →‘Mountain to climb’: how Labour is facing a crisis in youth unemployment
The government has increased funding by £45 million and extended the program by a year in England to support young individuals in overcoming barriers to entering the workforce.
Read Full Article →WH Smith shares tumble after retailer admits accounting blunder
The company's admission of an accounting error led to a significant downward adjustment in projected earnings, causing considerable concern among investors and resulting in a sharp...
Read Full Article →UK borrowed less than expected in July in lift for Rachel Reeves
In July, the UK government’s reduced borrowing levels improved fiscal outlook, providing additional flexibility for the chancellor's upcoming budget planning amid considerations of...
Read Full Article →Hays slashes dividend as profit plummets
Hays faced a significant decline in earnings due to a difficult recruitment environment, leading the company to decrease its final dividend distribution to shareholders as a result...
Read Full Article →UK government borrowing since April hits £60bn
The UK’s cumulative borrowing reached £60 billion since April, reflecting an increase compared to the previous year, despite monthly figures being lower than earlier forecasts from...
Read Full Article →The tech ‘sell-off’
Recent declines in technology shares have impacted market valuations, while gains in homebuilder stocks reflect shifting investor preferences and highlight changing dynamics within...
Read Full Article →Can a nation in crisis rely on the baby boomer generation to step up? I think the UK is about to fin...
The government is considering increased levies on accumulated property and pension wealth to address fiscal challenges, reflecting a shift in policy that may affect long-standing p...
Read Full Article →Government urged to expand auto-enrolment to prevent pension poverty
Adjusting contribution levels and addressing low saving rates in the UK’s pension system could help improve retirement incomes and reduce the risk of financial hardship among futur...
Read Full Article →Non-dom directors beware – leaving the UK comes with trade-offs
Moving abroad following recent tax policy changes may have important financial implications for non-dom directors, affecting their tax obligations and potentially influencing their...
Read Full Article →The ‘capital of capital’: Abu Dhabi’s pitch to become a global financial centre
Abu Dhabi aims to strengthen its role in international finance by attracting investment firms and asset managers, seeking to establish a lasting presence in the competitive global...
Read Full Article →Sony raises PlayStation 5 prices in US as tariff fears persist
Sony increased the cost of its latest gaming consoles by approximately $50 in the US, reflecting ongoing economic pressures that may impact consumer spending and overall market dem...
Read Full Article →Moneybox’s wealth focus helps treble inflows to record high
In 2024, the investment platform experienced a substantial increase in customer contributions and assets under management, significantly enhancing its financial performance and pro...
Read Full Article →Trump has bought more than $100m in bonds while president, disclosure shows
Since January, Trump has invested over $100 million in various debt securities, reflecting significant diversification within his extensive financial portfolio during his presidenc...
Read Full Article →Gender pension gap equates to £7,600 a year, say union leaders
Union representatives highlight that retired women in the UK receive significantly less annually than men, resulting in a sizable reduction in pension income and extended periods w...
Read Full Article →Fed minutes highlight split over effects of Trump’s tariffs on inflation
Certain officials on the policy committee expressed concern that delaying interest rate reductions until the impact of trade policies on price levels becomes clearer could hinder e...
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