Finance News – U.K.
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Google undercounts its carbon emissions, report finds
The higher-than-reported increase in emissions suggests that Google’s energy costs and potential regulatory liabilities could rise significantly, impacting its long-term financial...
Read Full Article →Labour urged to scrap state pension triple lock
The Institute for Fiscal Studies recommends ending the current pension guarantee worth £145 billion and introducing mandatory employer contributions to private pension plans to add...
Read Full Article →Secure Trust Bank: Jobs at risk as lender exits motor finance
By discontinuing new loans in its vehicle finance sector and gradually reducing its current portfolio, Secure Trust Bank aims to improve profitability but may face workforce reduct...
Read Full Article →Greggs feels the heat as shoppers shun pastries in hot June
Greggs experienced a notable decline in revenue and market value after unexpectedly lower earnings were reported, attributed to reduced customer demand during the recent period of...
Read Full Article →Welfare bill climbdown will have ‘a cost’ at budget, says senior minister
The government’s reversal on proposed welfare reforms is expected to impact fiscal planning, with analysts suggesting this shift could increase the probability of tax adjustments i...
Read Full Article →Aston Villa sign UK licensed Xapo Bank as club partner
The collaboration between Aston Villa and Xapo Bank is expected to enhance the club’s financial opportunities by leveraging cryptocurrency services during their upcoming internatio...
Read Full Article →Whisky Business: Commando Spirit’s unique brand
Commando Spirit, developed by a former Royal Marines brigadier, represents a growing trend of smaller whisky producers gaining market share and contributing to increased competitio...
Read Full Article →Greggs: Shares crater as sweltering June set to hit profit
Greggs anticipates a decline in annual earnings due to challenging weather conditions in June, despite overall sales increasing by nearly 7 percent in the first half of the year.
Read Full Article →EU may as well be ‘province of China’ due to reliance on imports, says industrialist
The EU’s heavy dependence on imported essential materials highlights potential vulnerabilities in its technology and manufacturing sectors, emphasizing the need for increased domes...
Read Full Article →BBC facing fight to retain £60m Wimbledon broadcast rights
The BBC may need to allocate substantially more funds to secure ongoing exclusive Wimbledon broadcasting rights after 2027 due to intensified rivalry among networks for major tenni...
Read Full Article →‘A billion people backing you’: China transfixed as Musk turns against Trump
Elon Musk’s public disagreement with the former US president has attracted widespread attention in China, highlighting potential impacts on global markets and investor confidence i...
Read Full Article →UK on track for biggest year of takeovers since 2021
The substantial increase in acquisition activity in the UK reflects significant capital movement, with numerous companies leaving public markets through high-value deals primarily...
Read Full Article →Poorly led, strategically inept and shorn of democracy. Now I truly fear for this Labour government...
The recent passage of the welfare bill highlights ongoing financial challenges within the government, reflecting concerns about policy direction and its potential impact on public...
Read Full Article →The G7 has once again put multinationals’ profits over the interests of people
The recent agreement allows certain multinational corporations to avoid a previously established minimum global tax, potentially reducing expected government revenues and impacting...
Read Full Article →Owners of collapsed oil refinery Prax Lindsey took £11.5m in pay and dividends
The owners of the insolvent oil refinery received substantial earnings through salaries and dividends prior to its failure, raising concerns about their financial responsibility to...
Read Full Article →Calm heads make a welcome return to ESG debate
Recent discussions indicate a shift in perspectives within financial sectors regarding environmental, social, and governance priorities, potentially influencing investment strategi...
Read Full Article →Retail investors cut back on dining out to free up investment capital
Many individual investors are reducing discretionary spending on meals to increase the funds available for investment opportunities, reflecting a strategic shift in personal financ...
Read Full Article →To find out who’s to blame for economic uncertainty, reeves should look in the mirror
The decline in consumer expenditures by £50 billion compared to last year highlights cautious financial behavior that contributes to ongoing economic instability, reflecting broade...
Read Full Article →Trump threatens Japan with tariff up to 35% as deadline looms
The proposed increase in tariffs to 35% could substantially impact trade costs between the two countries, exceeding previous rates and potentially affecting economic relations and...
Read Full Article →Exclusive: Revolut, Octopus mull joining Pisces
Several prominent billion-pound companies, including Revolut and Octopus, are considering participation in a newly proposed private equity market supported by the London Stock Exch...
Read Full Article →EU blocks Britain’s attempts to join pan-European trading bloc
Rejecting the UK’s application to join the PEM convention may maintain current trade barriers, potentially increasing costs and complications for exporters dealing with complex pos...
Read Full Article →Sabotage suspected as mystery blasts hit oil tankers
The recent damage to multiple oil tankers near Russian ports raises concerns about potential deliberate actions, which could disrupt supply chains and impact global energy markets.
Read Full Article →UK’s obesity and overweight epidemic costs £126bn a year, study suggests
A recent study indicates that the financial burden of excess weight in the UK reaches £126 billion annually, encompassing healthcare expenses, reduced productivity, and diminished...
Read Full Article →He was the EU’s great Brexit survivor. Can Maroš Šefčovič now pull off a trade deal with Trump?
Successfully negotiating a comprehensive trade agreement with the United States before the impending deadline could significantly impact economic relations and market stability bet...
Read Full Article →Morecambe on verge of administration amid infighting and stalled takeover talks
Morecambe’s financial stability is at risk due to unresolved ownership changes and internal disputes, potentially leading to administration and impacting the club’s operational and...
Read Full Article →US banks announce big shareholder payouts as Fed eases stress tests
Major American financial institutions plan to increase dividends and repurchase shares following the Federal Reserve’s reduction of regulatory pressure, reflecting improved confide...
Read Full Article →Global sports market forecast to be worth $600bn by 2030
The worldwide sports industry is expected to experience faster growth in the coming years, potentially reaching a value of $600 billion by 2030, driven by an increasing annual expa...
Read Full Article →TSB name could disappear from UK in Santander deal
The integration of TSB into Santander UK may lead to operational cost savings and workforce reductions, potentially impacting the financial structure and market presence of the com...
Read Full Article →Motor Fuel Group-owner among suitors for BP's $8bn Castrol unit
A private equity firm connected to BP's chairman is considering acquiring Castrol, the company's lubricant division, which is being offered for sale with an estimated value of appr...
Read Full Article →Santander bank deal could mean TSB name disappears from UK high street
The acquisition of TSB by Santander is expected to significantly increase Santander’s market presence, potentially leading to the retirement of the TSB brand across many UK retail...
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