Finance News – U.K.
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Industrial Strategy: Labour to turn City into ‘most innovative financial centre’
Labour’s plan aims to enhance the financial district’s global competitiveness by fostering innovation, potentially attracting investment and driving economic growth through strateg...
Read Full Article →‘High energy costs have held back businesses’, says Miliband as government announces industrial stra...
The government’s new plan aims to reduce electricity expenses for businesses, addressing previous challenges caused by volatile energy markets and fostering a more stable environme...
Read Full Article →United Utilities: Banned bonus for FTSE 100 CEO revealed
United Utilities will face a reduction in executive compensation as newly implemented regulations prevent certain FTSE 100 companies from awarding bonuses, impacting the financial...
Read Full Article →Getty Images’ £3bn Shutterstock merger captures watchdog’s eye
The planned combination of two leading stock photo companies, valued at nearly £3 billion, has raised regulatory concerns due to its possible impact on market competition within cr...
Read Full Article →Revolut CEO ‘could get multibillion-dollar windfall if its value passes $150bn’
Nik Storonsky stands to receive a substantial financial reward contingent on Revolut’s valuation increasing significantly from its current estimated worth, reflecting a performance...
Read Full Article →OpenAI takes down mentions of Jony Ive’s io amid trademark row
OpenAI’s removal of promotional content connected to its collaboration with Jony Ive’s startup reflects potential financial and legal challenges impacting the public presentation o...
Read Full Article →UK services sector in ‘fragile recovery’ as employment fears linger
Despite growth in the UK services sector during June, increased taxes and reduced employment contributed to economic uncertainty, reflecting challenges that may influence business...
Read Full Article →Strait of Hormuz: What happens if Iran shuts global oil corridor?
A potential closure of the key maritime route by Iran could disrupt international oil supplies, leading to increased energy prices and widespread economic instability across multip...
Read Full Article →Lammy: Iran blocking Strait of Hormuz would be ‘catastrophic mistake’
A disruption of the Strait of Hormuz could severely impact global oil shipments, potentially causing significant fluctuations in energy markets and international trade financial st...
Read Full Article →Plans to cut energy costs for thousands of businesses announced
The government’s newly introduced industrial strategy aims to reduce expenses related to energy for numerous companies, potentially improving their overall financial stability and...
Read Full Article →HomeServe: Checkatrade owner in the red despite sales passing £1bn
Despite generating over £1 billion in revenue for 2024, HomeServe recorded a pre-tax loss of £31.7 million, highlighting challenges in converting strong sales into profitability.
Read Full Article →Spectris agrees to £3.8bn takeover but KKR threatens bidding war
The proposed acquisition of Spectris for £3.8 billion highlights significant investor interest, as competing potential bids may influence the company’s market valuation and future...
Read Full Article →Prime: Logan Paul and KSI’s energy drink runs out of juice
Prime Hydration's UK operations experienced a significant revenue decline in 2024, with annual turnover dropping by over 70 percent from £112.2 million to £32.8 million according t...
Read Full Article →UK backs quantum with £500m
The UK government’s investment exceeding £500 million in quantum computing highlights its strategic commitment to advancing technological innovation and strengthening economic grow...
Read Full Article →Brent crude could hit $110 if oil flow through Strait of Hormuz halved
A potential reduction in oil shipments through a key Middle Eastern route may drive significant increases in crude prices, impacting global markets and energy costs according to fi...
Read Full Article →Bacardi Breezers to BuzzBallz: why gen Z aren’t the booze buzzkills we’ve been led to believe
The evolving preferences of younger consumers toward diverse and stronger ready-to-drink beverages present new revenue opportunities for alcohol brands adapting to shifting social...
Read Full Article →‘Outdated and unjust’: can we reform global capitalism? – podcast
The implementation of tariffs has disrupted international markets, highlighting systemic challenges within the global economic framework and prompting discussions on potential refo...
Read Full Article →The industrial strategy will provide certainty for business
The plan aims to create a stable environment that encourages investment and supports economic growth by enabling businesses to adapt quickly to emerging opportunities in a changing...
Read Full Article →Revolut chief in line for Musk-style payday at $150bn valuation
Nik Storonsky secured an agreement prior to SoftBank’s investment that could substantially increase his ownership stake if the company’s valuation surpasses predetermined targets,...
Read Full Article →Germany and Italy pressed to bring $245bn of gold home from US
The repatriation of $245 billion in gold reserves by Germany and Italy highlights concerns about financial sovereignty amid increasing geopolitical tensions and criticism of centra...
Read Full Article →Industry electricity costs for 7,000 businesses to be slashed by up to a quarter
Starting in 2027, 7,000 UK businesses will benefit from a substantial reduction in their electricity expenses, potentially easing financial burdens and improving competitiveness wi...
Read Full Article →Energy prices cut for business as part of UK industrial strategy
Several key industries such as automotive, aerospace, and chemicals will benefit financially by no longer being subject to environmental charges on their electricity expenses under...
Read Full Article →UK to cut green levies on businesses in bid to reduce energy costs and boost manufacturing
The government’s decision to reduce environmental charges aims to lower operational expenses for companies and strengthen industrial growth as part of its comprehensive decade-long...
Read Full Article →Price of oil could spike after Iran’s parliament votes to close key shipping route
The potential closure of a crucial maritime passage by Iran may disrupt oil supply chains, leading to increased energy costs and heightened economic instability worldwide.
Read Full Article →Minibuses for rural routes are in production | Letter
The production of compact vehicles tailored for less populated areas presents a promising market for manufacturers, supported by recent substantial government investments in transp...
Read Full Article →Small business owners aren’t jumping for joy about the US economy – but they still aren’t jumping sh...
Despite facing challenges like inflation and labor shortages, small businesses continue to contribute significantly to employment, highlighting their critical role in sustaining th...
Read Full Article →UK a ‘standout’ destination for deals despite economic uncertainty
During the first half of the year, the UK led Europe in mergers and acquisitions activity, completing over 1,200 deals valued at nearly $119 billion despite prevailing economic cha...
Read Full Article →Oil price expected to surge after US strikes Iran
The potential rise in crude oil costs following recent US actions near Iran could significantly impact global markets, especially if Tehran responds by targeting key energy routes...
Read Full Article →Economic policymaking needs to adapt to the climate emergency | Heather Stewart
Addressing rising prices caused by supply disruptions linked to environmental challenges demands comprehensive economic strategies beyond traditional monetary policy adjustments.
Read Full Article →Labour scraps £950m EV rapid charging fund first announced by Conservatives
The government has reallocated £400 million to install electric vehicle chargers on urban streets rather than motorways, reducing the original funding intended to accelerate nation...
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