Finance News – U.K.
What is your interest today?
B&M: FTSE 250 shares plunge as profit and job cuts revealed
B&M’s shares declined sharply following the announcement of decreased pre-tax earnings, increased indebtedness, and planned workforce reductions, reflecting investor concerns about...
Read Full Article →US’s most Canadian town is stuck in the middle of a trade war
Point Roberts' economy relies heavily on Canadian visitors, and the recent decline in cross-border tourism has caused a significant downturn in local business revenue and financial...
Read Full Article →Lower-income consumers missing out on pay rises fuels fall in sales at B&M
The retailer experienced decreased revenue and profits as consumers with limited income faced stagnant wages, leading to reduced spending amid difficult market conditions in the UK...
Read Full Article →UK trade secretary says ‘essential steps’ happening ‘at pace’ to turn UK-US tariff pact into deal –...
Progress in UK-US tariff negotiations and Germany’s approval of a substantial tax relief package have positively influenced financial markets, promoting business investment and con...
Read Full Article →UK service sector confidence higher in May than since before autumn budget
A recent survey indicates that business leaders in the UK’s service industry anticipate growth in sales and capital expenditure over the upcoming six months, reflecting enhanced ma...
Read Full Article →Credit Suisse seeks $440m Greensill Capital losses from SoftBank
Credit Suisse is pursuing legal action in London to recover a $440 million loss linked to Greensill Capital's failure, holding SoftBank financially accountable in the process.
Read Full Article →Spinners raises £4m to meet demand for 'competitive socialising'
The leisure company has obtained a significant capital infusion to support its expansion and capitalize on the growing trend of social activities that combine entertainment with fr...
Read Full Article →Reeves vows to reinstate some winter fuel payments this year
The Chancellor’s commitment to restore certain winter fuel subsidies aims to provide financial relief to households, while maintaining current income tax, VAT, and national insuran...
Read Full Article →Schroders steps back from London Stock Exchange-led City taskforce
Schroders' withdrawal from the financial sector group may impact collaboration efforts, although its chair's position on the stock exchange's parent board maintains the firm’s stra...
Read Full Article →Simon Jack: Tariff relief for UK but new clock ticking on US deal
The potential expiration of the UK-US agreement by early July could lead to a significant increase in steel tariffs, affecting trade costs and financial planning for related indust...
Read Full Article →Rachel Reeves announces £15bn investment for trams, trains and buses outside London – video
The government plans to allocate £15 billion toward enhancing public transportation infrastructure across northern England and the Midlands, including significant funding for tram...
Read Full Article →UK services jobs decline on ‘longest streak’ since financial crash
The prolonged reduction in employment within the UK service industry reflects ongoing economic challenges, as companies struggle to preserve profitability amid rising labor expense...
Read Full Article →IG Group stock dips after UBS downgrade
Following UBS’s revision of IG Group’s rating to neutral due to valuation concerns and growth risks, the company’s shares experienced a decline influenced also by uncertainties sur...
Read Full Article →Labour claims to be defending Britain from new threats, but its warfare state is steeped in old thin...
The government’s defence spending plans, despite promises of economic benefits, rely on traditional military investments that are unlikely to generate substantial growth or signifi...
Read Full Article →UK trade deals to lift growth, KPMG says
According to a financial advisory firm, recent agreements between the UK and major international partners may positively influence the country’s economic expansion beyond initial p...
Read Full Article →WH Smith nears sale of high street chain as revenue rises
The agreement to transfer its retail segment for £76 million is expected to impact WH Smith’s overall financial position positively as the company continues to report increasing in...
Read Full Article →Ramsdens strikes gold after price jump boosts profit to record high
Ramsdens experienced substantial financial growth in the first half of 2024, with pre-tax profits rising significantly due to increased valuations in its precious metals purchasing...
Read Full Article →Kennedys breaks through £400m global revenue barrier
Kennedys achieved a notable financial milestone by exceeding £400 million in global revenue, marking continuous growth for over a decade and highlighting its expanding market prese...
Read Full Article →Trump tariffs: UK to dodge 50 per cent steel and aluminium levies
The UK steel and aluminium sectors will avoid the increased 50 percent tariffs previously proposed, although companies will continue to incur a 25 percent duty until updated trade...
Read Full Article →Why the UK investment system needs a complete overhaul
Revamping the UK’s outdated investment framework is crucial to enhancing market stability, increasing investor confidence, and supporting sustainable economic growth in an evolving...
Read Full Article →B&M: Revenue ticks up as new stores outperform
The company experienced a moderate increase in annual revenue to £5.57 billion, reflecting stronger sales growth particularly from recently opened locations and improved operations...
Read Full Article →Paragon Bank: Stamp duty boost offsets motor finance provision
Paragon Banking Group’s first-half earnings improved due to higher lending activity and a positive impact from property transaction taxes, which helped counterbalance costs related...
Read Full Article →Private equity: Are the doors to the most exclusive club in town finally opening?
Private equity has generated substantial returns over the past 25 years, attracting trillions of dollars and increasingly allowing broader access beyond its traditionally limited g...
Read Full Article →UK exemption from 50% steel tariffs is conditional, Trump warns
The continuation of preferential treatment on steel and aluminium imports to the UK hinges on the approval of a trade agreement, which could impact the cost structure for related i...
Read Full Article →Business investment could be revived in ‘promising’ sign, BCC says
A prominent commercial organization forecasts a substantial increase in company spending this year, indicating a potential boost to productivity and economic expansion after years...
Read Full Article →Thames Water mess could soon swamp ministers – and taxpayers
The withdrawal of a major private equity firm from a £4 billion investment in Thames Water highlights increasing financial risks and potential burdens for government and public fun...
Read Full Article →Investec Champions Cup lands Emirates deal
The new partnership with Emirates Airlines is expected to bring significant financial support to the European Professional Club Rugby competitions, enhancing sponsorship revenue an...
Read Full Article →Britain’s trade deals mean nothing if we neglect our own industries
The effectiveness of international agreements depends heavily on the strength and competitiveness of a country’s local industries to fully realize potential economic benefits.
Read Full Article →Europe confronts Trump’s triple threat on Ukraine, Nato and trade
European leaders are concerned that during extensive discussions, the U.S. President may leverage key geopolitical and economic challenges to influence negotiations, potentially im...
Read Full Article →Iranians seek safety in gold from sanctions and military threats
Rising demand for gold in Iran, driven by economic uncertainty and geopolitical risks, has caused local prices to increase faster than international rates, impacting the financial...
Read Full Article →