Finance News – U.K.
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Profit at Lucozade maker soars despite cost pressures
Suntory Beverage & Food experienced increased earnings driven by stronger sales of sports drinks and ready-to-drink alcoholic beverages, with revenue rising two percent to £552 mil...
Read Full Article →Horizon fallout: How the SRA is turning up the heat on City firms
The increased regulatory focus on legal professionals linked to recent controversies may result in higher compliance costs and reputational risks for firms operating within the fin...
Read Full Article →BHP demands answers over hedge fund’s role in law firm behind £36bn claim
BHP seeks clarification regarding the hedge fund's involvement with the legal team handling the extensive £36 billion compensation case related to the Brazil dam incident.
Read Full Article →‘They’re not chic!’ How did BuzzBallz become the undisputed drink of the summer?
BuzzBallz’s rise to widespread popularity has significantly boosted its market value, reflecting strong consumer demand and successful branding within the competitive ready-to-drin...
Read Full Article →Intel shares jump as Softbank to buy $2bn stake in chip giant
Intel’s stock surged following Softbank’s plan to invest $2 billion, coinciding with discussions about a potential 10% investment by the U.S. government, highlighting increased con...
Read Full Article →Ed Conway: Something odd is happening in the markets - with no compelling explanation
Unexplained fluctuations in the financial markets can create uncertainty for investors, potentially affecting investment strategies and overall economic stability due to the unpred...
Read Full Article →'Unaffordable' rents well over a third of income
Rents in Bristol and Bath consume more than one-third of residents' earnings, placing these cities among the twenty most challenging locations to secure affordable housing in Engla...
Read Full Article →The Guardian view on Britain’s AI strategy: the risk is that it is dependency dressed up in digital...
The UK’s approach to artificial intelligence may generate modest cost savings in public services but risks transferring economic value and control to foreign technology corporation...
Read Full Article →The Guardian view on food and farming: climate chaos hits crops hard – and that should worry everyon...
Severe weather events are reducing agricultural output, which could lead to higher food prices and increased economic strain on supply chains, affecting both producers and consumer...
Read Full Article →Novo Nordisk halves US price of Ozempic
The Danish pharmaceutical company’s stock increased after reducing the cost of its leading medication in the US market, potentially improving access for uninsured individuals manag...
Read Full Article →Reeves looks at UK property tax reforms in bid to boost growth and revenue
The Treasury is evaluating various adjustments to property taxation aimed at enhancing economic expansion and increasing government income to help manage upcoming fiscal challenges...
Read Full Article →Private equity sale of €6bn fee-paying schools group Cognita on brink of collapse
The potential collapse of a major fee-charging schools operator valued at €6 billion highlights financial risks in the sector, despite interest from prominent investment firms amid...
Read Full Article →Raising VAT rates would let Rachel Reeves fill budget black hole and enable growth | Letters
Increasing the value-added tax by a few percentage points could generate significant government revenue to address budget deficits while maintaining economic expansion without heav...
Read Full Article →Racing strike leads to battle lines being drawn in dispute over tax reforms | Greg Wood
The planned strike has drawn considerable attention to potential financial impacts on the racing industry, which faces annual losses ranging from £66 million to £160 million due to...
Read Full Article →Tenants in England spending ‘unaffordable’ 36% of income on rent, shows survey
In 2024, renters in England allocated a growing portion of their earnings toward housing costs, with London residents dedicating the highest share compared to other regions across...
Read Full Article →Soho House bought for £2bn as Ashton Kutcher joins board
The acquisition of Soho House for £2 billion marks its transition back to private ownership, potentially influencing its financial strategy and investor relations following several...
Read Full Article →London businesses optimistic for future economic growth, KPMG says
Most London private businesses express increased confidence in their growth potential despite ongoing challenges such as inflation, tariffs, and geopolitical tensions, reflecting c...
Read Full Article →Ozempic sales surge as priced-out Mounjaro patients seek cheaper alternative
The substantial increase in Mounjaro’s cost has driven many patients to switch to Ozempic, resulting in a significant boost in its revenue within the competitive weight loss medica...
Read Full Article →Soho House returning to private ownership - and picks up a celebrity investor
The acquisition of Soho House by a consortium led by MCR, including a notable celebrity investor, highlights the company's substantial market value and potential growth within the...
Read Full Article →Private-equity backed prison health companies continue despite decade of alleged constitutional viol...
Investments in privately managed prison healthcare firms carry financial risks due to potential legal liabilities and negative public perception arising from documented allegations...
Read Full Article →Monzo plans to launch UK mobile phone service
By introducing a virtual SIM service, Monzo aims to expand its income sources while potentially challenging established telecommunications companies in the UK market.
Read Full Article →Bank of England may face lower inflation despite ‘Oasis bump’
Despite expectations of a temporary rise in prices due to large-scale events, the Bank of England’s projected inflation for July might be overestimated, potentially indicating a sl...
Read Full Article →UK metals firms threaten to sue government over tariffs on steel imports from Asia
The sudden implementation of import tariffs on Asian raw steel has raised costs for UK metals firms, potentially disrupting supply chains and impacting their competitiveness in dom...
Read Full Article →Soho House members’ club to go private in $2.7bn deal as Ashton Kutcher joins board
The transaction to transition the members’ club from public to private ownership, led by new equity participants including MCR Hotels, reflects significant investor confidence and...
Read Full Article →Rental crisis in London worsens: ‘Payments border on the obscene’
The rising proportion of income that London tenants allocate to housing expenses highlights increasing financial strain within the rental market following recent improvements.
Read Full Article →Close Brothers shares downgraded despite motor finance win
Following a recent legal victory in motor finance, Close Brothers experienced a reduction in stock rating by analysts, leading to a notable decline in its share price during early...
Read Full Article →Guardian-backed research firm Streetbees on brink of collapse
The potential closure of this AI-driven market research company, known for serving major clients like Unilever and Vodafone, could have considerable financial implications for its...
Read Full Article →UK must change Bitcoin rules to catch up with Trump
The United Kingdom’s outdated cryptocurrency regulations may hinder its ability to attract innovation and investment compared to the United States, which is actively promoting itse...
Read Full Article →Rail fares in England could rise by ‘outrageous’ 5.6% next year
An anticipated inflation increase in July is expected to lead to a substantial rise in train ticket costs in England next year, potentially affecting affordability for many passeng...
Read Full Article →Stephen Kinnock quizzed on his dad’s calls to ditch two-child benefit cap
The potential removal of the two-child benefit limit involves important budgetary considerations, as such policy changes could significantly impact government spending and financia...
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