Finance News – U.K.
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Investors cheer Dr Martens’ turnaround plan – but will it work?
Dr Martens’ shares rose significantly as the company unveiled a strategic shift aimed at capitalizing on its leather goods segment to drive future growth and diversify its product...
Read Full Article →Fears Tata Steel could be excluded from Starmer’s Trump tariff deal
UK officials are attempting to protect Tata Steel from heavy tariffs in an upcoming trade agreement, aiming to maintain the company's competitive position and financial stability i...
Read Full Article →UK inflation number too high after data blunder
The revised inflation data for April suggests that previous figures were overstated due to inaccurate road tax information, potentially affecting economic forecasts and financial d...
Read Full Article →Dr Martens: Shoemaker broadens range of sandals and bags as profit plummets
Dr Martens plans to diversify its product lineup to include various footwear and accessories as it responds to a significant decline in earnings over the past year.
Read Full Article →Tell us: have you recently succeeded in buying a home in a UK holiday hotspot?
Recent increases in local taxes on second properties have led to significant declines in vacation home values in several UK resort areas, impacting both buyers and sellers amid shi...
Read Full Article →Average earners dragged into IHT net – how can you reduce your taxes?
Recent changes requiring pensions to be counted in estates for tax calculations have increased the number of middle-income individuals subject to inheritance tax, contributing to a...
Read Full Article →Rob Cross: Darts star banned as director over unpaid tax of £450,000
Rob Cross has received a five-year prohibition from holding directorships following his company’s significant failure to settle a tax debt exceeding £460,000 with HM Revenue and Cu...
Read Full Article →Pisces: FCA’s private stock market will worsen FOMO investing
The introduction of the FCA’s private stock market aims to increase investment opportunities, though it may unintentionally encourage investors to make decisions based on fear of m...
Read Full Article →ONS blames government figures after revealing April inflation error
The miscalculation in April’s inflation rate, caused by incorrect vehicle excise duty data, may impact economic policy decisions and market confidence in official financial statist...
Read Full Article →Stock exchange dealt another blow as £12bn fintech ditches main London listing
The decision by a major fintech firm to shift its primary trading venue to the United States while maintaining a secondary listing in London could impact investor interest and mark...
Read Full Article →Double blow to London as Cobalt Holdings abandons IPO
Cobalt Holdings' decision to cancel its $230 million stock launch in London adds to recent challenges for the UK financial markets, following the departure of Wise to the United St...
Read Full Article →UK inflation overstated due to government data error, ONS says
The adjustment in vehicle tax data led the Office for National Statistics to lower the annual inflation rate for April to 3.4%, indicating a minor correction in the reported cost o...
Read Full Article →What a weakening dollar means for Trump - and the UK
A declining US currency value can influence international trade dynamics, affect investment flows, and alter economic strategies for key players like the United States and the Unit...
Read Full Article →FCA: Motor finance redress scheme must keep market afloat
The proposed compensation program for the motor finance sector aims to maintain market stability while protecting consumer interests, highlighting its critical role in supporting t...
Read Full Article →Boots: Profit jumps after closing hundreds of stores
Boots experienced a substantial increase in earnings after reducing its number of retail locations by over 300, which contributed to improved financial performance despite halting...
Read Full Article →US-Boeing deal over 737 Max crashes ‘morally repugnant’, says lawyer for victims’ families
Boeing’s $1.1 billion settlement with the US Department of Justice resolves legal actions related to two fatal 737 Max crashes, involving significant compensation to victims’ famil...
Read Full Article →Energy costs 'an anchor on our ambition', CBI chief warns government
Rising energy expenses and substantial government-related charges totaling £24 billion annually are creating financial challenges that may hinder growth and investment opportunitie...
Read Full Article →Mitie Group makes bid for Lord Ashcroft-founded Marlowe
Mitie Group’s proposed acquisition of Marlowe, valued at £366 million, aims to enhance operational efficiency and capitalize on recent revenue growth within the outsourcing sector.
Read Full Article →Wizz Air: Shares tank as profit tumbles
Wizz Air experienced a significant decline in annual operating profit due to ongoing supply disruptions and geopolitical challenges, leading to a sharp decrease in its stock value...
Read Full Article →Young’s: Pub giant raises dividend as earnings jump
Young & Co’s increased its shareholder payments following a notable rise in revenue and profitability, reflecting strong financial performance despite higher operational expenses a...
Read Full Article →UK fintech Wise ditches London primary listing for US
By shifting its primary stock exchange to the United States while maintaining a secondary presence in the UK, Wise aims to access larger capital markets and enhance investor divers...
Read Full Article →CMC Markets eyes Web 3.0 as profit jumps
CMC Markets reported a substantial increase in earnings alongside a slight rise in net operating income, while simultaneously beginning efforts to expand its presence in emerging W...
Read Full Article →The ONS reported a huge jump in vehicle taxes and nobody is happy
Recent data from the ONS reveals a notable increase in vehicle tax revenues, reflecting broader economic shifts that have elicited widespread public concern and dissatisfaction acr...
Read Full Article →Inside the collapse of Microsoft-backed UK tech unicorn Builder.ai
Several major investors, including those from Qatar, are recognizing that their financial support may have been given to a company whose revenue figures were significantly overstat...
Read Full Article →US-Boeing crashes deal 'repugnant' - lawyer for victims' families
Boeing has agreed to a $1.1 billion settlement to resolve legal claims related to two deadly crashes that resulted in 346 fatalities, avoiding further criminal charges.
Read Full Article →St James’s Place CIO: I was told not to bother with a City career
Despite early discouragement from pursuing a professional path, Justin Onuekwusi's rise to Chief Investment Officer at a major wealth management firm highlights the potential for o...
Read Full Article →Neil Woodford: ‘I could not have been more transparent’
Neil Woodford emphasized that he consistently shared detailed updates about his fund’s holdings and approach, highlighting the challenges and impact on investors following the fund...
Read Full Article →The Capitalist: London SXSW pass-holders fork out £1k to queue down Brick Lane
Attendees purchasing access to the London SXSW event are spending around £1,000 each, highlighting the substantial costs involved and the event’s notable economic impact on local b...
Read Full Article →Zonal pricing proposals backed by peers
Implementing regional pricing in the UK electricity market may improve grid efficiency and potentially reduce consumer costs, assuming the transition is carefully managed to addres...
Read Full Article →Costly net zero policies must end, CBI boss to demand
The leader of the Confederation of British Industry plans to highlight how current environmental regulations are increasing operational expenses and impacting business profitabilit...
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