Finance News – U.K.
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Warburtons family in the dough after record sales and profit
The Warburtons family benefited financially as the bakery company achieved unprecedented sales and earnings, resulting in a significantly increased interim dividend totaling £27.2...
Read Full Article →Dear PM, thanks for the welfare concessions, but I still won’t vote for your bill. Scrap the whole t...
The proposed changes to disability support reduce government spending but may also increase financial hardship for vulnerable individuals who depend on such benefits for essential...
Read Full Article →UK disposable income falls at fastest rate since 2023
Despite wage growth earlier in the year, higher taxes and inflation have reduced the amount of money individuals in the UK can spend or save, impacting overall financial stability.
Read Full Article →Canada drops tech tax to restart US trade talks
Canada's decision to pause the new levy targeting technology companies aims to prevent potential tariffs from the United States, impacting cross-border trade and economic relations...
Read Full Article →Randox: Losses widen at Covid-19 testing giant
Randox, a leading Covid-19 testing company based in Northern Ireland, has reported a pre-tax deficit of £51.8 million for the year ending June 30, 2024, following previous substant...
Read Full Article →WH Smith cuts sale price of high street business by £12m
Following a period of declining performance, WH Smith agreed to reduce the transaction amount for its retail division by £12 million during negotiations with Modella Capital.
Read Full Article →UK households hit by squeeze on living standards despite fastest growth in G7
Despite the UK economy expanding more rapidly than other G7 nations, increased taxes and inflation led to lower real disposable income per household, reducing overall financial res...
Read Full Article →Clarks cuts over 1,200 jobs as sales fall by almost £100m
Clarks experienced a significant decrease in revenue and workforce size in the latest financial year, reflecting ongoing challenges in maintaining its previous sales levels and ope...
Read Full Article →The Interview
Philippe Kehren, CEO of Solvay, discusses how strategic decisions and global market trends have influenced the company’s financial performance and growth potential in the current e...
Read Full Article →Polar Capital: Profit jumps as boss departs
The company experienced a substantial increase in annual earnings despite challenges in the last quarter, highlighting overall financial growth amid concerns about future market in...
Read Full Article →Number of new UK entry-level jobs has dived since ChatGPT launch – research
Since late 2022, the availability of beginner-level employment opportunities in the UK has significantly decreased, reflecting a shift in workforce demand influenced by advancement...
Read Full Article →Disposable income per head slumps despite economic growth
Although the UK experienced modest economic expansion driven by production, services, and construction sectors, individual earnings available for spending or saving declined notabl...
Read Full Article →Rayner urged to reform landlord fees in Renters’ Rights Bill
Reforming landlord charges as proposed in the Renters’ Rights Bill could reduce excessive costs, potentially improving affordability for renters and impacting the financial dynamic...
Read Full Article →What would happen if Thames Water is temporarily renationalised?
Temporarily transferring ownership of Thames Water to the government could stabilize its finances by managing debts and investments while ensuring continued service for millions of...
Read Full Article →Britons could soon install balcony solar panels in flats and rental homes
If approved, the new regulations may allow residents of flats and rental properties to reduce their electricity expenses by using easily installed solar devices similar to those co...
Read Full Article →Private sector braced for sharp decline, CBI warns
The UK’s private sector is expected to experience a significant downturn soon, reflecting ongoing challenges in business confidence despite government efforts to stimulate growth t...
Read Full Article →House sales keep increasing but price inflation slows
Despite a sustained rise in property transactions reaching a four-year high, the pace of price growth has moderated, reflecting increased market supply and a more balanced housing...
Read Full Article →Canada scraps tech tax to advance Trump trade talks
The removal of the proposed levy on technology firms aims to improve trade relations between Canada and the United States, potentially influencing cross-border investments and econ...
Read Full Article →Are rents affordable in Amsterdam? Not if you are a newcomer | Amber Howard
Rising housing costs in Amsterdam have widened economic disparities, as increasing market prices and rent hikes strain newcomers while longstanding residents benefit from longstand...
Read Full Article →Shiploads of cars ready to set sail for US from UK as trade deal kicks in
The initiation of the new agreement between the UK and US is anticipated to boost vehicle exports significantly, although concerns have been raised about the economic impact on Bri...
Read Full Article →The world is changing, the US market is not
Despite global shifts, the U.S. financial markets have remained relatively stable, indicating minimal disruption or volatility attributable to recent political developments associa...
Read Full Article →US stock market comeback tests investor faith in rotation to Europe
The recent performance of the S&P 500 highlights its strong recovery, challenging investors' expectations about shifting capital flows toward European markets amid reduced trade te...
Read Full Article →Canada ditches tax on tech giants in bid to restart US trade talks
By removing the levy on technology companies, Canada aims to improve trade relations and potentially secure a bilateral agreement with the United States by late July, impacting cro...
Read Full Article →City watchdog takes on advice gap to unlock growth
The Financial Conduct Authority aims to enhance market involvement by providing specialized assistance to individuals with specific financial challenges, potentially fostering incr...
Read Full Article →Boeing's 787 Dreamliner was deemed the 'safest' of planes. The whistleblowers were always less sure
Concerns raised by employees about the production quality of Boeing’s 787 Dreamliner could influence the company’s financial performance due to potential safety issues and increase...
Read Full Article →As a visibly physically disabled MP, my view on the welfare bill is clear: we need a reset and fast...
The proposed welfare reforms could significantly impact government expenditures and resource allocation, influencing financial support systems aimed at disabled individuals and pot...
Read Full Article →Britain’s ‘medieval’ health inequality is devastating NHS, experts say
The ongoing impact of socioeconomic disparities is costing the NHS approximately £50 billion annually, placing significant strain on healthcare resources and prompting consideratio...
Read Full Article →The Guardian view on Donald Trump’s China deal: rare earths pave the green road to militarisation |...
The renewed trade agreement restoring essential mineral supplies from China to the US highlights the economic importance of these resources for both green technologies and national...
Read Full Article →The thrift stores dividing Australian shoppers - podcast
As living expenses rise, an increasing number of Australians choose secondhand clothing outlets, though debate exists regarding the financial impact and ethical considerations of c...
Read Full Article →KKR leads £1.7bn race for Argos store-card owner NewDay
A prominent private equity firm is at the forefront of a £1.7 billion competitive process to acquire the company managing Argos’s store credit services, highlighting considerable i...
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