Finance News – U.K.
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Starmer refuses to commit 3 per cent defence spending despite ‘battle-ready’ claim
The Prime Minister’s proposal to allocate 2.5 percent of GDP to defence marks a significant investment, though it falls short of the 3 percent target some critics believe is necess...
Read Full Article →Business growth expectations fall to weakest since 2022
Recent survey data reveal that a larger proportion of private sector companies anticipate reduced activity, indicating a notable decline in economic confidence that may impact futu...
Read Full Article →First-time buyers typically borrowing for 31 years
New homeowners are generally securing loans that extend over three decades, indicating sustained long-term borrowing even as interest rates experience slight decreases.
Read Full Article →HSBC accelerates private credit pivot with $4bn injection
HSBC's $4 billion commitment to its asset management division highlights a strategic move to expand its presence and influence within the rapidly growing private credit sector valu...
Read Full Article →M&S: FTSE 100 share price growth helps swell CEO’s pay before cyber attack
The increase in Marks & Spencer's stock value prior to a significant cybersecurity incident contributed to the chief executive's compensation exceeding £7 million for the most rece...
Read Full Article →Trump’s tax bill helps the rich, hurts the poor and adds trillions to the deficit | Katrina vanden H...
The recent legislation significantly reduces taxes for high-income individuals, increases the national debt by nearly four trillion dollars over ten years, and is criticized for di...
Read Full Article →Reeves’ tax raids and tariff woes strain UK manufacturers
British manufacturers faced ongoing financial pressures in May as increased taxation and trade barriers contributed to a subdued operational outlook, despite a slight improvement i...
Read Full Article →Andy Haldane: Reeves ‘not even close’ on growth after ‘rookie errors’
Andy Haldane criticized the government's economic approach under Rachel Reeves, suggesting that recent policy decisions have fallen short of effectively stimulating sustainable fin...
Read Full Article →Lazard relocates UK headquarters after 20 years
Lazard’s move to a larger London headquarters reflects its strategic investment in expanding operations within the UK market, positioning the office as a key component of its globa...
Read Full Article →Keir Starmer defends uncertainty over defence spending target
The delay in specifying a timeline for reaching the planned defence expenditure highlights ongoing budgetary challenges and may impact future allocation of resources within the UK’...
Read Full Article →Radley London to raise prices to combat Trump’s tariffs
Radley London plans to adjust its US pricing strategy due to additional import duties imposed on goods from India, potentially impacting the company's overall revenue and market co...
Read Full Article →Valterra Platinum: Shares rise on London debut after Anglo American demerger
Valterra Platinum’s initial trading on the London market showed a notable increase in share value, reflecting investor interest after its recent separation from Anglo American valu...
Read Full Article →SME lender Tide eyes $1bn valuation in Apis funding talks
Tide is currently in advanced negotiations to secure new investment that could value the company at around one billion dollars, highlighting its growing prominence in the UK fintec...
Read Full Article →Vodafone vows to invest more than £1bn in a year as it seals Three UK merger
The merger between Vodafone and Three UK is expected to generate significant financial impact by creating the country’s largest mobile network, supported by substantial investments...
Read Full Article →Can Cazoo go from collapse to Auto Trader’s ‘undisputed’ rival?
Following its restructuring, Cazoo aims to significantly expand its market presence and challenge the dominant position of a major FTSE 100 automotive marketplace within the next f...
Read Full Article →Yo! Sushi loses over £20m as costs rise
The recent financial statement indicates a significant deficit exceeding £20 million for Yo! Sushi during the period surrounding its acquisition, highlighting increased operational...
Read Full Article →Monzo: Fintech unicorn tops £1bn in revenue on road to landmark IPO
Monzo experienced substantial financial growth with a 48% revenue increase to £1.2 billion, achieving consecutive yearly profits and positioning itself for a potential public offer...
Read Full Article →Invidior: Drug maker ditches London for US
Invidior's decision to shift its main listing to the US highlights concerns over market liquidity, shareholder distribution, and regulatory complexities, potentially influencing in...
Read Full Article →Vodafone completes £15bn Three mega-merger with major pledge
The recent £15 billion merger between Vodafone and Three includes a commitment to spend up to £1.3 billion on network improvements within a year, contributing to a planned £11 bill...
Read Full Article →Relaxed mortgage rules could increase first-time buyer deals by a quarter
Easing lending criteria may enable a significant rise in new home purchases by individuals entering the property market, potentially boosting overall mortgage activity and impactin...
Read Full Article →I’ve just been sent £170 fine for not paying a parking ticket … six years ago
Receiving a £170 demand for an unpaid parking penalty from six years ago carries potential financial consequences, including court fees and harm to the individual’s creditworthines...
Read Full Article →High electricity bill taxes holding us back, say industry groups
Industry representatives warn that the substantial taxes included in electricity costs are increasing financial burdens, potentially undermining economic growth and efforts toward...
Read Full Article →AI funding: Dawn Capital backs ex-Google team’s customer service startup
The recent €5.5 million seed investment led by Dawn Capital highlights growing financial support for emerging AI technologies aimed at transforming how businesses manage and improv...
Read Full Article →Exclusive: Hotels struggle with double whammy of staff costs and pressure on room rates
In April, UK hotels experienced decreased profitability due to rising employee expenses and reduced room pricing power, resulting in a higher proportion of payroll costs relative t...
Read Full Article →Millennial investors bought cheap stocks in Trump tariffs market turmoil
A significant portion of younger investors capitalized on global market fluctuations triggered by recent tariffs, purchasing undervalued shares that could impact their long-term fi...
Read Full Article →China says US has 'severely violated' tariffs truce
The recent exchange between China and the US over tariff disputes highlights ongoing tensions that could impact trade relations and market stability between the world’s two largest...
Read Full Article →As interest rates fall, could Australia be facing another house price boom? | James Graham for the...
Lower interest rates implemented by the Reserve Bank may encourage increased borrowing, potentially driving higher demand and pushing property values upward in Australia’s housing...
Read Full Article →UK industrial strategy must deal with high energy costs, business warns
Lobby groups urge the government to address rising energy expenses in the forthcoming industrial strategy to help businesses manage operational costs and maintain competitiveness a...
Read Full Article →Reeves inheritance tax raid to cost ‘staggering’ 200,000 jobs
The recent adjustments to inheritance tax policies are projected to threaten over 200,000 positions within the next five years, significantly affecting family-operated enterprises...
Read Full Article →Starling pays out fivefold bonus sum despite FCA fine and Covid loan errors
Despite regulatory penalties and a decline in profits related to government loan mismanagement, the bank significantly increased employee bonuses to £24.6 million for the recent fi...
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