Finance News – U.K.
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Santander snaps up TSB Bank for £2.9bn
The acquisition of TSB by Santander UK for £2.9 billion is expected to enhance Santander’s customer base and mortgage portfolio, increasing its presence in the competitive high str...
Read Full Article →What’s in Trump’s major tax bill? Extended cuts, deportations and more
The legislation provides significant tax relief for high earners, allocates funding for immigration enforcement initiatives, and is projected to substantially increase the federal...
Read Full Article →AstraZeneca boss ‘wants to shift stock market listing to US’
The potential relocation of AstraZeneca’s equity listing to the United States could impact investor access, market perception, and the company’s regulatory and financial reporting...
Read Full Article →Fund managers made ‘ridiculously extravagant claims’ on ESG, Aberdeen boss says
The criticism from Aberdeen’s leader highlights concerns that overly optimistic statements about sustainable investing may have contributed to recent declines in ethical fund perfo...
Read Full Article →Santander to buy UK high street lender TSB for £2.65bn
Santander’s acquisition of a major UK retail bank for £2.65 billion highlights a significant investment move, outcompeting another prominent bidder and expanding its presence in th...
Read Full Article →The risks of funding states via casinos
Relying on casino revenues for state funding can lead to financial instability, especially if external economic factors cause sudden declines in income streams or disrupt bond mark...
Read Full Article →Astrazeneca chief ‘wants to shift London listing to US’
Relocating the company’s stock exchange registration to the United States could potentially enhance access to larger capital markets and increase investor exposure for the pharmace...
Read Full Article →Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts
The Federal Reserve's decision to maintain higher borrowing costs reflects concerns that recent trade measures have contributed to inflation, complicating efforts to lower interest...
Read Full Article →Gilts rally as Bailey hints at reduction in BoE debt sales
The central bank’s indication of potentially easing debt issuance has influenced government bond prices, reflecting investor reactions to changes in monetary policy amid worldwide...
Read Full Article →Billionaire boltholes: Inside Simon Nixon’s SimonEscapes
Simon Nixon’s accumulation of multiple exclusive and uniquely designed residences highlights a substantial investment in luxury real estate, reflecting significant financial commit...
Read Full Article →EU toughens stance on Trump tariffs as deadline looms
European governments emphasize the importance of resolving trade disputes with the United States to prevent ongoing tariffs, which could have substantial economic impacts ahead of...
Read Full Article →National Wealth Fund boss calls for public finance consolidation
The head of the National Wealth Fund emphasized the potential benefits of merging various public financial entities to improve clarity and efficiency for private businesses engagin...
Read Full Article →Aviva’s £3.7bn takeover of Direct Line approved by UK watchdog
The regulatory approval of Aviva’s £3.7 billion acquisition of Direct Line clears the path for a major consolidation in the UK insurance market, potentially reshaping competition i...
Read Full Article →M&S’s online business should be ‘fully’ operational by end of month, CEO says
Marks & Spencer anticipates restoring complete online operations soon, which is expected to stabilize sales and help mitigate the financial impact caused by the extended disruption...
Read Full Article →M&S should be 'fully online' within four weeks, says boss
The company's rapid transition to a fully digital platform aims to mitigate the anticipated £300 million profit decline caused by the recent cybersecurity breach.
Read Full Article →Berkeley, Persimmon and Barratt hit by house price slowdown
The decline in UK housing market growth has led to decreased investor confidence in major homebuilders, potentially impacting their financial performance and the government's abili...
Read Full Article →London City Lionesses score Nike kit deal following promotion to WSL
Securing a partnership with a major global sports brand provides the London City Lionesses with enhanced financial resources and brand visibility as they enter the top tier of wome...
Read Full Article →Finance firms’ claim to be ‘saving the world’ was a mistake, says City veteran
Some financial firms may face legal challenges after overstating their impact on sustainability, potentially undermining investor trust and affecting the valuation of pension and i...
Read Full Article →M&S CEO: ‘vast majority of cyberattack impact will be behind us by August’ – business live
Despite ongoing geopolitical tensions and tariff impacts, recent data indicates steady demand recovery and sales growth within retail and production sectors, suggesting cautious op...
Read Full Article →Macquarie to inject £1.2bn into struggling Southern Water
The £1.2 billion investment from Macquarie aims to support Southern Water’s financial stability and ensure continued compliance with regulatory requirements while enabling planned...
Read Full Article →Political Currency podcast maker Persephonica triples in value
Persephonica, known for producing Political Currency, experienced significant financial growth last year, with its net assets increasing by over three times compared to the previou...
Read Full Article →Government pledges to back UK fintech with regulation overhaul
The government’s planned regulatory changes aim to reduce compliance costs for fintech companies, potentially enhancing investment opportunities and accelerating growth within the...
Read Full Article →Manufacturers fear Labour government will ‘derail growth’
Recent data indicates a decline in manufacturing output during June, prompting business owners to assess growth opportunities amid new government policies targeting key industrial...
Read Full Article →BBC-owned Inside the Factory maker rakes in millions
The production company acquired by the BBC in 2022 experienced a substantial increase in revenue, reaching £14.2 million in the latest financial year compared to £8.9 million previ...
Read Full Article →When the president wants a ‘low rates guy’
The president’s preference for someone who supports lower interest rates reflects potential shifts in economic policy that could impact borrowing costs and overall financial market...
Read Full Article →Manchester Airports Group takes off amid expansion drive
Manchester Airports Group experienced substantial financial growth this year, marked by increased passenger numbers and higher earnings, as it continues investing heavily in expand...
Read Full Article →Great Britain’s energy networks to get £24bn upgrade but bills to rise
The authorized multi-billion-pound improvements to the electricity and gas infrastructure are expected to enhance energy capacity, although consumers will likely experience higher...
Read Full Article →Eurozone inflation rises to ECB’s 2% target
The recent increase in the Eurozone's inflation to the central bank's desired level suggests that borrowing costs may remain stable in the upcoming monetary policy session.
Read Full Article →Sainsbury’s boss warns over retail taxes after ‘high impact’ NI rise
The increase in national insurance contributions has notably affected employment costs in the retail sector, prompting concerns about potential tax rises that could impact business...
Read Full Article →Brazil’s last asbestos miners are switching to rare earth minerals. Can they offer a brighter future...
The shift of miners in Minaçu towards extracting rare earth elements could significantly impact global supply chains by providing an alternative source crucial for manufacturing cl...
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