Finance News – U.K.
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Asda is still misfiring in supermarkets’ non-existent price war | Nils Pratley
Despite significant investment aimed at boosting sales, Asda continues to lose market share, casting doubt on its ability to challenge leading competitors in the UK supermarket sec...
Read Full Article →How Rachel Reeves can raise money and also make the tax system fairer | Letters
Implementing progressive tax reforms, such as adjusting levies on substantial assets and aligning different tax rates, could generate significant revenue while addressing concerns...
Read Full Article →‘Even Puerto Rico paid its bill’: Thames Water creditor suggests backers are safe
A major investor in Thames Water expressed confidence that due to protective legal arrangements, creditors are unlikely to incur losses despite the company’s financial challenges a...
Read Full Article →Defence: Babcock, BAE, Rolls-Royce plunge on Ukraine summit
Shares of major London-listed defence companies experienced significant declines as investors reassessed the anticipated involvement of European nations in future peacekeeping miss...
Read Full Article →Citroën rebuked by UK minister over handling of mass safety recall
The extensive safety recall affecting thousands of vehicles may lead to significant costs for Stellantis due to repair expenses, potential compensation claims, and damage to brand...
Read Full Article →ONS delays release of sales data over quality concerns
The postponement of the sales report by the ONS highlights potential issues in data accuracy that could impact economic analysis and subsequent policy-making processes.
Read Full Article →US pursuing stake in struggling chipmaker Intel, commerce secretary says
The US government aims to transform financial support from the Chips and Science Act into ownership shares in Intel, potentially impacting the company's capital structure and futur...
Read Full Article →Shein looks at moving back to China for Hong Kong listing after London IPO stalls
Shein’s potential relocation to China aims to facilitate a public offering in Hong Kong, reflecting efforts to secure regulatory approval and capitalize on substantial market valua...
Read Full Article →Labubu frenzy sends Pop Mart profits soaring
Strong demand for Labubu products has contributed to Pop Mart’s higher-than-anticipated earnings, potentially easing worries among analysts about the long-term stability of its rec...
Read Full Article →Reeves’ punitive property tax will hurt London the most
The proposed property tax under Reeves' plan may negatively impact the housing market, potentially leading to financial challenges for residents in London more than in other region...
Read Full Article →IWG boss labels double-digit share price dive ‘not rational’
The substantial decline in IWG’s stock value reflects investor concerns following the recent earnings report, indicating challenges in market confidence and potential impacts on th...
Read Full Article →US surveillance firms run a victory lap amid Trump’s immigration crackdown
Leading technology companies involved in surveillance and monitoring have experienced notable revenue increases as government policies intensify focus on immigration enforcement an...
Read Full Article →Boss of flexible office group IWG dismisses 17% fall in share price as ‘machine selling’
IWG reported a 6% increase in adjusted profit to $262 million for the first half, but lowered its full-year earnings forecast, contributing to a significant decline in its stock va...
Read Full Article →Port of London exports boom despite tariff threats
The increased shipment volume at the UK’s largest port during the second quarter highlights strong trade activity, indicating resilience in export performance despite international...
Read Full Article →ONS delays release of July retail sales data due to ‘quality’ concerns
The postponement of the July retail sales figures by the UK statistics agency may affect economic analysis and business planning as accurate consumer spending data remains unavaila...
Read Full Article →European shares hit six-month high on Ukraine peace deal hopes; grocery price inflation in Great Bri...
The potential easing of geopolitical tensions and adjustments in production strategies could influence market dynamics and cost structures, impacting profit margins and investment...
Read Full Article →FTSE 100 banks add £80bn in market value this year
The leading UK banks have collectively increased their market capitalization by over £80 billion this year, reflecting strong sector performance and contributing significantly to t...
Read Full Article →Savers could miss out on £37,000 from reluctance to invest in stocks
Many individuals in the UK may forgo substantial long-term gains by avoiding stock market investments and choosing to keep their savings in lower-yielding cash accounts instead.
Read Full Article →Soho House: How billionaire Tyler Morse and his former boss are buying up London
The recent $2.7 billion acquisition by a leading American hospitality company highlights significant investment interest in London's exclusive hospitality sector and marks a strate...
Read Full Article →US Open Mixed Doubles Championship a smart revenue extractor
The US Open Mixed Doubles event generates substantial income by attracting viewers and sponsors, contributing significantly to the tournament’s overall financial performance despit...
Read Full Article →UK growth revised up two years late
The updated economic data showing higher growth in 2023 may influence fiscal planning and investment decisions by incorporating revised research and development contributions based...
Read Full Article →Great Portland Estates calls in lawyers to investigate culture
The involvement of legal experts to examine internal concerns at Great Portland Estates may influence investor confidence and impact the company’s market valuation within the comme...
Read Full Article →UK’s post-pandemic GDP recovery is revised up by statistics office
The updated data reflecting enhanced measurement of research and development activities has led to a higher assessment of the UK’s economic growth following the pandemic recovery p...
Read Full Article →Do you have a high street full of gambling shops breeding poverty and addiction? I have a way to fig...
Increasing gambling taxes and empowering local authorities could generate substantial public revenue, helping address social challenges linked to the proliferation of betting estab...
Read Full Article →Intel secures $2bn lifeline from Japan’s SoftBank
SoftBank’s $2 billion investment provides Intel with substantial financial support, reflecting growing international confidence as the company explores additional backing from the...
Read Full Article →Lidl close to overtaking Morrisons as UK’s fifth-biggest supermarket
Lidl's rapid sales increase in recent months has significantly boosted its market share, positioning it near the fifth spot among UK supermarket chains amid evolving consumer spend...
Read Full Article →Monzo to follow Revolut and Klarna with launch of mobile service
Monzo's potential entry into the mobile phone market could diversify its revenue streams and enhance customer engagement by leveraging its existing user base for new financial serv...
Read Full Article →Surging food inflation hits restaurant sales
Rising costs for groceries are reducing disposable income, leading to decreased spending at dining establishments and impacting their overall revenue and profitability in the curre...
Read Full Article →BHP profit hits five-year low amid weaker iron ore prices
BHP's latest financial results show a significant decrease in earnings compared to the previous year, reflecting challenges from declining commodity prices and broader economic unc...
Read Full Article →Applied Nutrition beats expectations with double-digit growth
Applied Nutrition’s latest financial results demonstrate substantial revenue expansion, surpassing initial projections and reflecting strong market demand within the health and wel...
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