Finance News – U.K.
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Shell in early talks to buy rival BP to create oil giant – reports
A potential £60 billion transaction between two leading British energy firms could establish one of the largest global oil and gas corporations with a combined value exceeding £200...
Read Full Article →Czech arms maker slashes interest costs as investors pile into defence sector
CSG's recent €1.8 billion bond issuance reflects increased investor confidence in the defense industry, enabling the company to reduce borrowing expenses amid growing demand for mi...
Read Full Article →Meta boss praises new US army division enlisting tech execs as lieutenant colonels
The collaboration between the US Army and prominent technology executives suggests potential advancements in defense innovation that could influence investment strategies and drive...
Read Full Article →Saving British Steel leaves taxpayers with £900m bill
The government’s intervention to support British Steel is expected to result in nearly £900 million in public expenses, raising concerns about the country’s limited budget flexibil...
Read Full Article →Brave Bison’s new deal signals rising EdTech trend
Brave Bison’s £19 million acquisition of MiniMBA represents its largest investment so far, highlighting the company’s growing focus on expanding its offerings within the profession...
Read Full Article →Boardroom Uncovered: Can Motorway change how the UK views used cars?
Tom Leathes discussed the potential impact of Motorway’s public listing on the London Stock Exchange, highlighting how this move could influence investor perception and market dyna...
Read Full Article →Former EE chief Allera joins team at CVC sports empire
The appointment of the former EE leader to a key position within CVC’s diverse sports holdings highlights potential strategic influence over major international sporting investment...
Read Full Article →Crypto exchange to tokenise motor finance claims
Bitfinex Securities announced a £100 million tokenised equity offering aimed at supporting legal actions related to the motor finance sector, highlighting a novel approach to fundi...
Read Full Article →Thatcher’s legacy endures in Labour’s industrial strategy
The long-term economic plan aims to enhance productivity and growth by addressing entrenched interests and encouraging increased investment across various industries.
Read Full Article →Dating app Bumble to lay off hundreds of staff amid turnaround bid
Bumble’s decision to reduce its global headcount by nearly one-third reflects a strategic move to improve operational efficiency and enhance financial performance during a period o...
Read Full Article →Could Motorway be set for a blockbuster London IPO?
Motorway's potential decision to launch an initial public offering in London could attract significant investment and impact the company’s valuation within the competitive automoti...
Read Full Article →The best current account switch offers
Reviewing and changing your current account can lead to improved financial benefits, such as better interest rates, lower fees, and potential rewards that enhance overall money man...
Read Full Article →Trade strategy aims to boost UK firms amid Trump tariff chaos
The government’s new approach seeks to strengthen key UK sectors and enhance export opportunities, addressing challenges caused by international tariff disputes and shifting global...
Read Full Article →Chinese exports to UK rise as firms seek to avoid US tariffs
The substantial increase in shipments from China to the United Kingdom may influence local market prices and consumer costs, reflecting shifts in global trade dynamics and tariff a...
Read Full Article →What does Labour’s industrial strategy really mean for UK tech?
Labour’s newly introduced decade-long plan aims to revitalize the UK technology sector by providing targeted support and addressing structural economic challenges that have hindere...
Read Full Article →What’s behind the post-pandemic tumble in Diageo and Pernod Ricard shares?
The notable decline in the stock prices of these leading beverage corporations reflects broader market challenges and investor concerns impacting their financial performance over t...
Read Full Article →Don’t let ticket resale price caps ruin the party this festival season
Imposing limits on secondary ticket prices may inadvertently increase fraudulent activities, potentially causing greater financial losses within the live event market during the up...
Read Full Article →Asda owner slumps to near £600m loss as sales fall
The company experienced a substantial financial setback last year due to declining sales and rising expenses related to debt management and IT system transitions inherited from its...
Read Full Article →Purdue Pharma plan moves forward despite challenge from opioid victim
Purdue Pharma’s reorganization plan advances in bankruptcy court despite concerns that potential government recovery funds intended for victim compensation may not be fully disclos...
Read Full Article →Liontrust profit slides after billions more outflows
Liontrust experienced a significant decline in earnings due to substantial client withdrawals, resulting in a nearly 30% reduction in adjusted pre-tax profit for the fiscal year en...
Read Full Article →BGF: Profit almost doubles at major UK investor
The Business Growth Fund experienced a significant increase in pre-tax earnings this year, rising to £131.1 million from £67.9 million in the previous year, driven by multiple succ...
Read Full Article →Wizz Air CEO gets huge bonus despite tumbling shares and profit
The head of Wizz Air received a substantially increased compensation package of €3.8 million for the fiscal year ending March 2025, even as the company experienced declining earnin...
Read Full Article →Second study finds Uber used opaque algorithm to dramatically boost profits
Researchers have revealed that Uber employed a non-transparent pricing system which significantly increased its earnings by adjusting fares and driver payments in a manner that lac...
Read Full Article →Bella Italia owner slashes losses after shedding 700 jobs
The company behind several restaurant chains reduced its workforce significantly, resulting in a notable decrease in financial deficits reported in the most recent fiscal period.
Read Full Article →Profit surges at Richard Desmond’s empire ahead of UK lottery court battle
Richard Desmond’s Northern & Shell has experienced a notable increase in earnings prior to a legal dispute regarding the licensing of the UK’s National Lottery scheduled for Octobe...
Read Full Article →THG shares jump as MyProtein owner returns to revenue growth
The company experienced increased sales in its key divisions, boosting investor confidence and contributing to a notable rise in its stock value prior to the annual general meeting...
Read Full Article →Lego: Profit spikes as sales pass major milestone
The UK division of Lego experienced a notable increase in pre-tax earnings in 2024, surpassing £40 million, driven by sales exceeding half a billion pounds for the first time.
Read Full Article →Asda loses £600m amid major turnaround plan
Despite an increase in overall sales exceeding £1 billion, the Leeds-based retailer experienced a significant pre-tax deficit nearing £600 million in 2024, reversing its previous y...
Read Full Article →Tritax Big Box makes £485m swoop for Warehouse REIT after Blackstone snub
Tritax Big Box’s acquisition of Warehouse REIT for £485 million reflects a strategic investment in the logistics sector, highlighting competitive dynamics among major investors see...
Read Full Article →Halfords to shut garages amid growing cost pressures
Facing rising operational expenses driven by recent fiscal policies, Halfords plans to discontinue certain service locations, a move that has contributed to a slight decline in its...
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