Finance News – U.K.
What is your interest today?
More than 100 Labour MPs urge Ed Miliband to explore radical energy bills overhaul
Over 100 Labour MPs have requested that Ed Miliband consider significant reforms to UK energy pricing structures to alleviate financial pressure on low-usage households and improve...
Read Full Article →Taylor Swift and Drake music giant files to sell shares in US
The decision by a leading music company associated with Taylor Swift and Drake to offer shares marks a notable development amid rising stock market levels in the United States.
Read Full Article →Trucking's uneasy relationship with new tech
The adoption of digital platforms to connect shipments with drivers has improved operational efficiency in trucking, but it has also contributed to reduced income levels for many t...
Read Full Article →Trucking's uneasy relationship with new tech
The adoption of digital systems for pairing trucks with shipments has improved operational efficiency while simultaneously causing a decline in overall income for trucking professi...
Read Full Article →Nine households control 15% of wealth in Silicon Valley as inequality widens
A recent study reveals that a small fraction of households in Silicon Valley hold a disproportionately large share of assets, highlighting a significant concentration of financial...
Read Full Article →Oil refinery to shut after no buyer found
The closure of the Lincolnshire oil processing facility highlights potential economic impacts due to the lack of interested investors seeking to acquire the site and continue its o...
Read Full Article →Cunliffe’s reforms for water should have happened 20 years ago | Nils Pratley
The proposed overhaul aims to improve financial oversight and efficiency by consolidating multiple regulatory bodies, addressing longstanding issues that have hindered investment a...
Read Full Article →Who will pay for the failure of water bosses? Everyone but them | Gaby Hinsliff
The ongoing financial impact of Thames Water’s mismanagement is likely to be borne by consumers, who face substantial bill increases despite the company’s environmental violations...
Read Full Article →Is August trade war escalation on - or will Trump chicken out?
The possibility of renewed trade tensions in August has created uncertainty in financial markets, potentially impacting investor confidence and global economic stability in the com...
Read Full Article →Private equity boom: Nearly 9 in 10 accountancy firms approached last year
A substantial majority of UK accountancy firms experienced increased engagement from private equity investors last year, indicating strong mutual interest in significant financial...
Read Full Article →Ofwat to be abolished, government confirms, as water industry urged to address ‘Great Stink moment’...
The planned replacement of Ofwat with a more robust regulator aims to improve financial oversight and accountability within the water industry, potentially leading to significant c...
Read Full Article →Natwest and Lloyds: What to expect from FTSE 100 bank earnings next week
The upcoming earnings reports from major FTSE 100 banks like Natwest and Lloyds are anticipated to provide important insights into their financial performance and market outlook fo...
Read Full Article →US embassy in China warns exit bans risk straining bilateral relations
The recent restriction on a commerce department employee highlights potential financial consequences by increasing uncertainties that may further complicate economic interactions b...
Read Full Article →Car maker Stellantis says US tariffs have cost it €300m
Stellantis reported that the 25% tariff imposed on imported vehicles in the United States has resulted in a financial impact of approximately €300 million on its operations.
Read Full Article →Flexjet: Private jet giant valued at $4bn after mega funding round
Following an $800 million investment led by prominent private equity firms, Flexjet's market valuation has increased significantly, highlighting the growing financial confidence in...
Read Full Article →Hiring Rishi Sunak is an ingenious move from Goldman Sachs
Goldman Sachs’ decision to appoint former UK prime minister Rishi Sunak reflects a strategic effort to leverage his political expertise for navigating complex global markets and en...
Read Full Article →BP appoints new chair to oversee shift back to fossil fuels
The appointment of Albert Manifold as BP’s new chair signals a strategic realignment that may influence investor confidence and affect the company’s long-term capital allocation to...
Read Full Article →Sir Richard Branson-backed Gridserve cuts jobs as it loses over £80m
Gridserve, a company supported by investors linked to Sir Richard Branson, reduced its workforce following a significant pre-tax deficit exceeding £80 million reported for the 2024...
Read Full Article →BP appoints former CRH boss as chair
The appointment of Albert Manifold as the new chair brings leadership experience that may influence BP’s strategic decisions and investor confidence during a period of transition a...
Read Full Article →Roadchef: M25 and M1 delays force motorway services to a loss
Extended traffic disruptions on major motorways negatively impacted the revenue and profitability of the motorway service operator, resulting in a pre-tax deficit of £5.9 million f...
Read Full Article →Brit Awards in the red ahead of Manchester move
Brit Awards Limited has experienced a pre-tax loss of £12,653 for 2024, reflecting financial challenges as the organization prepares to relocate the annual ceremony from London to...
Read Full Article →Ryanair profit more than doubles as fares jump
Ryanair's earnings surged significantly in the recent quarter, driven by increased ticket costs and seasonal factors, resulting in a substantial rise in both revenue and net income...
Read Full Article →Labour revives Pensions Commission amid fears workers are saving too little
Government officials plan to reinstate the Pensions Commission due to concerns that current retirement savings levels may be insufficient, potentially resulting in significantly re...
Read Full Article →Wealth tax would be a ‘dangerous road to go down’, BNP investment chief warns
Implementing a tax on personal assets could impact investment decisions and economic growth by potentially reducing incentives for wealth accumulation and entrepreneurial activitie...
Read Full Article →Resurrect HS2 northern leg to boost rail freight capacity, say UK manufacturers
UK manufacturers argue that restoring the planned high-speed rail extension to northern cities could enhance freight transport options and reduce road congestion, leading to potent...
Read Full Article →A silver lining for non-doms?
The introduction of the new foreign income and capital gains framework starting April 2025 alters tax obligations for internationally mobile individuals, potentially affecting thei...
Read Full Article →How much will the Afghan data leak really cost?
The unexpected revelation of a prolonged super-injunction highlights the uncertainty surrounding the financial impact of the substantial data breach affecting government resources...
Read Full Article →Caught between a fossil fuel past and a green future, China’s coal miners chart an uncertain path
China’s transition from coal to renewable energy presents financial challenges for mining communities, as workers and families face economic uncertainty amid shifting investments a...
Read Full Article →Future pensioners to be worse off, government warns
According to the Department for Work and Pensions, a significant portion of upcoming retirees may face financial challenges due to insufficient savings compared to the current gene...
Read Full Article →Average UK house asking price registers steepest monthly drop for 20 years
The recent decline in housing offers highlights a significant market adjustment influenced by policy changes and increased supply, potentially affecting buyer activity and overall...
Read Full Article →