Finance News – U.K.
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EU to target Nord Stream and Russian oil cap in new sanctions package
The upcoming European Commission sanctions are expected to impact energy markets by restricting Russia's oil exports and targeting critical infrastructure, potentially influencing...
Read Full Article →Put Thames Water into temporary state control, ‘junior’ creditors will argue
The proposed £5 billion funding and significant debt reduction for Thames Water could impact bondholders financially, raising concerns about potential effects on future creditor ri...
Read Full Article →EU targets Chinese plywood in latest defence of domestic industries
The new duties, reaching as high as 62.4%, are expected to impact the cost and competitiveness of hardwood plywood imports from China, potentially influencing trade balances and ma...
Read Full Article →Retail shrinks by over 360,000 jobs in a decade
The reduction of over 360,000 positions in the UK retail sector since 2015 highlights a significant decline in employment, impacting economic activity and workforce distribution wi...
Read Full Article →Hong Kong giant CKI demands to rejoin auction of stricken Thames Water
CK Infrastructure Holdings’ insistence on rejoining the bidding process could significantly impact the ownership and future financial stability of Thames Water amid growing concern...
Read Full Article →US says trade talks with China ‘going well’ as sides reconvene
Ongoing discussions between the US and China in London are anticipated to continue Tuesday, potentially influencing economic relations and market stability between the two countrie...
Read Full Article →UK firms hold off on hiring as job vacancies fall
Economic data indicate a slowdown in the labor market, with companies reducing new positions, which may lead to decreased consumer spending and potentially slower overall economic...
Read Full Article →FCA lays out Pisces rules with trading to begin later this year
The introduction of the Pisces market framework aims to enhance liquidity for private company shares, potentially increasing investment opportunities and supporting growth for earl...
Read Full Article →Wood Group races to finalise Sidara deal by end of June
Wood Group is working swiftly to complete an acquisition by a Gulf competitor at a reduced valuation, which could significantly impact its financial stability and market position b...
Read Full Article →China bans banks from luring customers with popular Labubu dolls
China’s latest regulatory measures restricting promotional offers by banks aim to curb risky marketing tactics as financial institutions face shrinking profit margins due to decrea...
Read Full Article →FTSE 100 circles record high on hopes of more interest rate cuts
The FTSE 100 approached an unprecedented peak, driven by encouraging economic indicators that increased investor optimism about potential monetary easing by the Bank of England, in...
Read Full Article →Rolls-Royce: Shares in FTSE 100 firm jump on SMR news
The announcement of Rolls-Royce’s selection as the UK’s small modular reactor technology provider has positively influenced investor confidence, resulting in an increase in the com...
Read Full Article →Oxford Instruments shares sink as it sells quantum business to US firm
Oxford Instruments' decision to transfer its quantum division to a California company in a £60 million transaction reflects a strategic effort to enhance financial performance and...
Read Full Article →UK unemployment rises to highest level in nearly four years
The rise in joblessness and slower wage advancements may reduce consumer spending power, potentially influencing monetary policy decisions and affecting overall economic growth in...
Read Full Article →Bellway: Completions surge at FTSE 250 housebuilder
Bellway anticipates significant growth in its housing delivery over the next two years, driven by rising buyer demand and strong reservation levels, which could positively impact i...
Read Full Article →Firstgroup: Profit at Avanti West Coast owner beats expectations
Firstgroup’s stronger-than-expected annual revenue has enabled an increased dividend payout and an extension of the share repurchase program, signaling robust financial performance...
Read Full Article →Unemployment creeps up as firms cut jobs following Reeves tax raid
Recent job reductions by companies have led to a slight increase in the unemployment rate, potentially challenging government efforts to stimulate economic growth and improve emplo...
Read Full Article →Lord Ashcroft bought shares in Mitie on day it made offer for firm he founded
Lord Ashcroft invested £1 million in Mitie by purchasing over 700,000 shares on the day the company disclosed discussions regarding a £370 million acquisition of a business he help...
Read Full Article →UK unemployment rises to highest in four years
The recent increase in joblessness and decline in payroll employment reflect economic challenges linked to recent fiscal policy changes affecting businesses during the early months...
Read Full Article →Green light for Sizewell C as £14.2bn to go to major nuclear project as part of Spending Review
The government’s allocation of £14.2 billion to the Sizewell C project highlights a substantial investment in expanding nuclear energy infrastructure within the UK’s broader Spendi...
Read Full Article →Nikhil Rathi’s FCA is ready to go on the offensive
Nikhil Rathi’s renewed leadership of the FCA comes amid increased governmental expectations, highlighting a strategic shift aimed at fostering market development while managing reg...
Read Full Article →Londoners most at risk of online fraud, report reveals
Research indicates that a considerable portion of London residents face challenges in managing finances online, which may lead to increased economic vulnerability compared to indiv...
Read Full Article →Voters reject Reeves’ plans for state power on pension investments
Recent polling indicates that most British voters are against government control over how pension funds are invested, potentially limiting the state's ability to influence economic...
Read Full Article →Reeves’ central mission is in tatters
The recent poll highlights the Chancellor’s weakened standing, suggesting that the upcoming fiscal plan may face challenges in gaining public and political support amid ongoing eco...
Read Full Article →Legal & General CEO: Urgent action is needed to get Brits saving more, earlier
Building a sufficient retirement fund requires individuals to increase their savings promptly, highlighting the importance of enhancing pension contributions to ensure financial se...
Read Full Article →China’s $1.1tn asset manager becomes star player on ‘national team’
China’s state-owned asset manager, with $1.1 trillion under management, has taken a prominent role in supporting the domestic economy through strategic investments in local financi...
Read Full Article →UK families ‘seize moment’ to buy exclusive London homes as non-doms retreat
Domestic purchasers are increasingly investing in premium London properties, benefiting from declining market values and reduced competition due to changes in tax policies affectin...
Read Full Article →UK GDP growth expected to slide after Awful April
Economic forecasts indicate a slight contraction in the UK’s output for April, influenced by increased taxation and rising energy costs, potentially undoing the modest expansion re...
Read Full Article →HBO and CNN owner to split streaming and cable businesses
The company plans to divide its operations by creating distinct entities for its content production and streaming services, as well as its traditional cable television networks, im...
Read Full Article →China's electric cars are becoming slicker and cheaper - but is there a deeper cost?
China's growing dominance in affordable electric vehicle production is reshaping global markets, potentially impacting economic competition, supply chains, and raising concerns rel...
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