Finance News – U.K.
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Why did Santander buy TSB?
Santander’s acquisition of TSB, valued at £2.9 billion, is expected to expand its customer base and increase its mortgage and deposit holdings, moderately impacting the banking sec...
Read Full Article →Consumer spending drives ‘healthy pickup’ for UK businesses
Increased expenditure by households and companies has contributed positively to commercial performance, highlighting economic resilience even as rising costs and taxation continue...
Read Full Article →Online travel agent Loveholidays mulls stock market excursion
A major UK online travel company is considering a public offering, which may provide a significant injection of activity and investor interest into the currently subdued London IPO...
Read Full Article →CBI on hunt for Soames successor
The appointment of a new leader for the CBI is financially important, as it will influence the direction and stability of one of the UK's key business organizations in the coming y...
Read Full Article →Chris Hohn’s hedge fund TCI beats stock markets with 21% gain
Chris Hohn’s hedge fund achieved notable first-half profits by strategically investing in companies like GE Aerospace, Microsoft, and Visa, resulting in a return that outperformed...
Read Full Article →CBI kicks off search for successor to 'saviour' Soames
The appointment of a new leader is crucial for the CBI as it seeks to stabilize its financial position and restore confidence following the severe challenges faced during the 2023...
Read Full Article →Currys boss urges government not to raise taxes on retailers
The Currys chief executive highlighted that higher taxes on retail businesses could hinder investment and contribute to additional price increases amid the company’s substantial pr...
Read Full Article →Gilts back to where they were before Rachel Reeves’ tears
UK government bond prices have returned to previous levels prior to recent emotional events in parliament, reflecting market reassurance following supportive comments from key poli...
Read Full Article →Trump’s tax-and-spending bill passes step in House, paving way for legislation
The approval of a crucial procedural rule in the House allows for debate on a significant tax-and-spending measure, potentially impacting federal budget allocations and economic po...
Read Full Article →Top Tory slams FCA ‘mission creep’ after misconduct rules expanded
The expansion of regulatory requirements by the UK financial authority to cover a wider range of inappropriate behavior may increase compliance costs and affect operational practic...
Read Full Article →HSBC sells UK life insurance arm in latest European retreat
HSBC’s divestment of its UK life protection business for £260 million reflects a strategic shift in its European operations, with the buyer financing the acquisition through loans...
Read Full Article →Relief for startups as government U-turns on onerous Companies House rules
The government’s reversal on proposed Companies House regulations is expected to ease financial reporting burdens for small businesses, potentially reducing compliance costs and ad...
Read Full Article →Regulator blocks Richard Branson’s bid to bring back Virgin trains
The rail regulator’s decision to deny track access rights to Virgin Management and others prevents the potential reintroduction of Virgin trains, impacting future competition and i...
Read Full Article →Watches of Switzerland: Trump tariffs spark hike luxury timepiece prices
The introduction of a 10 percent duty on imported items has led to anticipated cost increases for many high-end watches sold by the company in the U.S., affecting its market value.
Read Full Article →Currys shares soar after retailer posts growth across divisions
Currys experienced a notable rise in cash flow and profit before tax for the fiscal year ending May 3, 2025, reflecting strong performance in both physical stores and online sales...
Read Full Article →‘Fair business’ for Aquis stocks to get into crypto, exchange boss says
The acquisition of Aquis by Six for £225 million highlights a strategic move that could influence market dynamics as firms increasingly integrate digital assets into their financia...
Read Full Article →'£54k to rent five phones is killing my business'
Small businesses are struggling financially due to the high expenses associated with leasing multiple mobile devices, which significantly impacts their operational budgets and over...
Read Full Article →‘We welcome Renters’ Rights Bill. It’ll make us up our game’: Goodlord CEO William Reeve
The introduction of new rental legislation is expected to create financial opportunities by encouraging innovation and improving service standards within the property management in...
Read Full Article →Forget stocks and shares, the history of the City is all about shoes
The City of London’s economic past is closely connected to the footwear industry, which has played a notable role in shaping its commercial development over the centuries.
Read Full Article →Markets are ignoring global instability – but a reckoning looms
Although financial markets currently maintain steady gains supported by central bank actions, underlying geopolitical tensions and economic uncertainties suggest a potential sharp...
Read Full Article →Battersea power station lights the way for regenerating our high streets
Investment in mixed-use projects similar to Battersea Power Station, supported by private funding, has the potential to revitalize struggling commercial areas affected by recent ta...
Read Full Article →European CEOs urge Brussels to halt landmark AI Act
Top executives from major European companies are actively engaging with policymakers in Brussels to influence upcoming AI legislation, highlighting potential economic impacts on th...
Read Full Article →ECB officials question whether euro has strengthened too much
Central bank representatives express concern that a rapidly appreciating currency could hinder economic growth by making exports less competitive and reducing inflationary pressure...
Read Full Article →Keir Starmer rocked by full-blown crisis as PM marks first year in office
Financial markets reacted with increased uncertainty amid political instability and internal party tensions following concerns about leadership decisions and economic policy direct...
Read Full Article →Labour versus the bond markets, businesses and ballots
Labour’s leadership faces considerable financial challenges following reduced confidence from investors and internal party members, highlighting increased pressure on the party’s e...
Read Full Article →Mark Kleinman: BP risks being left a Shell without new chair
Without appointing a new leader, BP could face challenges in maintaining its market position and investor confidence amid ongoing industry consolidation and competitive pressures.
Read Full Article →Trump calls on US central bank head to quit immediately
The president's public pressure on the Federal Reserve chair underscores ongoing concerns about interest rate policies and their potential impact on the economy and financial marke...
Read Full Article →Trump announces trade deal with Vietnam
The new agreement between the US and Vietnam reduces the upcoming tariff rate to 20%, significantly lowering the cost burden on Vietnamese exports compared to the previously schedu...
Read Full Article →Business confidence hit by tax fears as Rachel Reeves’ headroom crumbles
Concerns about potential increases in taxation have significantly affected company optimism, with many firms expressing worry over their future financial obligations amid ongoing p...
Read Full Article →How Goldman won big in the Fed’s annual stress test
Goldman Sachs increased its shareholder distributions after benefiting from a more lenient stress test scenario and adjusted regulatory criteria during the Federal Reserve’s latest...
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