Finance News – U.K.
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Buyout firms circle escrow arm of listed cybersecurity group NCC
Several investment firms, including the private equity owner of Sureserve, are interested in acquiring the escrow division of the publicly traded cybersecurity company NCC Group, i...
Read Full Article →Traders jailed for interest rate rigging have convictions overturned
The Supreme Court's decision to overturn the convictions of two individuals involved in manipulating key financial benchmarks may impact future regulatory enforcement and market co...
Read Full Article →Demand for strawberries and cider help grocery sales surge
During the four weeks ending July 12, UK supermarket revenue increased significantly, driven by strong consumer spending on popular seasonal products such as fresh fruit and alcoho...
Read Full Article →HP: Hewlett-Packard’s UK profit quadruples despite sales slump
Hewlett-Packard’s UK division reported a significant increase in pre-tax earnings, reaching £97.6 million in the latest fiscal year, despite experiencing a substantial decline in r...
Read Full Article →Tourists help boost luxury London hotels despite widening losses
Despite record sales driven by international visitors, a high-end London hotel group experienced increased pre-tax losses of £30.4 million in the financial year ending January 2025...
Read Full Article →Price rises help boost Colgate sales and profit
The increase in product prices contributed to higher revenue and profitability for Colgate-Palmolive’s UK division in 2024, helping offset rising operational expenses compared to t...
Read Full Article →City trader Tom Hayes’s conviction for Libor rigging is overturned
The Supreme Court’s decision to overturn convictions related to the Libor manipulation case may prompt financial institutions to reassess past compliance and legal strategies in in...
Read Full Article →City traders’ Libor rate-rigging criminal convictions quashed by Supreme Court
The Supreme Court's decision to overturn the convictions of former traders involved in the interest rate manipulation case may impact financial regulation and market integrity perc...
Read Full Article →London Foundation for Banking & Finance appoints new trustees
The addition of three experienced professionals from finance, insurance, and private equity to the foundation’s board is expected to enhance its strategic oversight and drive more...
Read Full Article →UK watchdog investigates eight years of Deloitte audits of mining firm Glencore
The investigation into Deloitte’s long-term audits of Glencore highlights potential concerns about the accuracy and reliability of financial statements affecting investor trust and...
Read Full Article →Modi’s visit puts global Britain to the test
Prime Minister Modi’s visit and the upcoming Free Trade Agreement could significantly impact the UK’s economic strategy by strengthening trade ties amid shifting global markets and...
Read Full Article →Rolls-Royce banking on bespoke cars to attract super-rich
Rolls-Royce experienced increased profitability in 2024 largely due to a growing demand for personalized vehicles among affluent customers, which drove higher average revenue per u...
Read Full Article →OpenAI: ChatGPT maker’s UK earnings skyrocket
Since introducing its AI service in the UK, the company’s financial position strengthened significantly, closing the year with substantial cash reserves and notable outstanding rec...
Read Full Article →Business lender Shawbrook plots £2bn London IPO
Shawbrook’s planned flotation in London aims to raise substantial capital and offers an opportunity for its private equity backers to realize returns while enhancing market activit...
Read Full Article →Heathrow: Earnings jump despite cost warnings
Despite concerns over rising energy expenses and upkeep charges, the airport’s profitability showed a slight increase in the initial half of the year compared to the previous perio...
Read Full Article →JD Wetherspoons: Sales overtake pre-pandemic levels
JD Wetherspoons has experienced a notable increase in revenue across its 794 locations, surpassing figures from before the global health crisis and outperforming the overall hospit...
Read Full Article →Equinox losses nearly triple in the UK amid luxury sector woes
Equinox’s UK operations experienced a significant financial decline in 2024, reporting a £21 million loss that reflects broader challenges within the upscale market segment.
Read Full Article →One month on, the wheels are already coming off the government’s industrial strategy
Since the government unveiled its ambitious industrial plan a month ago, several key projects, including renewable fuel facilities, have ceased operations, raising concerns about t...
Read Full Article →London’s secret Cold War tunnels, once inspiration for James Bond, are at the centre of a multi-mill...
The dispute involving covert underground passages beneath key London sites is valued at £8.5 million and has been brought before the High Court, highlighting substantial financial...
Read Full Article →‘Irresponsible’ M&S ad gets banned for promoting ‘unhealthily thin’ models
The ruling against the retailer's promotional content may affect its brand reputation and consumer trust, potentially influencing sales and advertising strategies in a highly compe...
Read Full Article →The Debate: Should the London Stock Exchange open 24-hour trading?
Extending trading hours could potentially increase market liquidity and attract a broader range of investors, impacting overall transaction volumes and the exchange’s competitive p...
Read Full Article →Investors: brace for a breakdown in UK gilts
The inability of the UK government to implement key fiscal changes increases the risk of a bond market upheaval, potentially triggering urgent expenditure reductions to restore fin...
Read Full Article →Indian prime minister makes UK state visit to sign landmark trade deal
The new trade arrangement between the UK and India is expected to enhance key industries in Britain while offering India improved travel access, indicating a deepening economic rel...
Read Full Article →Germany and France push EU to prepare trade reprisals against US
Germany and France are urging the European Union to consider retaliatory measures in trade, emphasizing the potential economic impact if the United States does not engage in negoti...
Read Full Article →Private equity firms flip assets to themselves in record numbers
Amid an extended slowdown in transactions, private equity companies increasingly utilize continuation funds to transfer ownership internally, enabling them to generate returns by e...
Read Full Article →Trump announces 'massive' trade deal with Japan
The agreement is expected to lead to substantial Japanese investment in the United States, totaling $550 billion, alongside the implementation of a 15% mutual tariff between the tw...
Read Full Article →Trump says US and Japan have reached trade deal
The agreement between the United States and Japan introduces a 15% tariff, potentially impacting trade balances and financial exchanges between the two countries.
Read Full Article →Indonesia agrees to drop non-tariff barriers in Trump trade victory
The recent agreement between Indonesia and the United States to eliminate certain regulatory obstacles is expected to enhance trade flows and potentially increase economic activity...
Read Full Article →Philippines goods to face 19% tariff, Trump says
The increased 19% tariff on Philippine products could impact trade dynamics and revenue, reflecting a more stringent approach than initially indicated in the earlier global tariff...
Read Full Article →OpenAI CEO tells Federal Reserve confab that entire job categories will disappear due to AI
The advancement of AI technologies is expected to significantly impact labor markets and economic structures, potentially leading to widespread workforce shifts and altering the de...
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