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Surj Sports chief: Saudi parent PIF, investing and league focus
The involvement of Saudi Arabia’s Public Investment Fund in sports has intensified global financial interest, influencing investment patterns and strategic directions within major...
Read Full Article →FCA ‘concerned’ over number of takeovers leaked to press
The regulatory body highlighted that premature disclosure of takeover information can impact market integrity by causing price fluctuations influenced by early reports rather than...
Read Full Article →Government calls for investigation as Lindsey refinery owner folds
The collapse of the company managing the Lindsey refinery has raised concerns about potential economic impacts, including job losses and disruptions to oil supply chains, prompting...
Read Full Article →Sunny spring boosts sales at Sainbury’s
Sainsbury’s experienced a notable increase in both grocery and non-food sales during the spring period, contributing to overall revenue growth that outpaced the broader supermarket...
Read Full Article →Ofgem gives green light to landmark electric grid upgrade
The approval of a £24 billion investment by the UK regulator marks a major financial commitment to modernize energy infrastructure, supporting the country’s shift toward sustainabl...
Read Full Article →Stock markets shrinking: where could investors turn for growth?
With a significant reduction in publicly traded companies, investors are increasingly exploring private market opportunities, which now allow for smaller, more accessible investmen...
Read Full Article →Gousto ‘never better’ after cutting losses by over £50m
Gousto has significantly improved its financial position in 2024 by reducing its pre-tax deficit to £20.3 million, following a substantially higher loss reported in the previous ye...
Read Full Article →Steel industry demands rapid resolution to tariff uncertainty
The continued uncertainty over export tariffs is causing significant financial strain on steel producers, affecting their competitiveness and investment decisions despite progress...
Read Full Article →Reeves to cut cash Isa allowance
Rachel Reeves plans to reduce the limit on tax-free cash savings accounts to motivate individuals to invest in domestic companies, aiming to stimulate growth in the UK’s struggling...
Read Full Article →Landlords pick Manchester over London for higher returns
Investors seeking better rental income are increasingly favoring Manchester, where average returns significantly exceed those in London, despite the city's lower rental prices and...
Read Full Article →New Companies House filing rules risk ‘own goal’ for UK start-ups and SMEs
From April 2027, updated regulatory requirements will require many UK start-ups and SMEs to provide comprehensive financial disclosures, potentially affecting their ability to attr...
Read Full Article →Bonuses force Jonathan Ross’ talent agency into the red
The talent agency representing Jonathan Ross and others experienced a significant financial downturn, reporting a pre-tax loss of £1.8 million for the year to April 2024 after prev...
Read Full Article →Vodafone and Virgin Media O2 strike £343m deal
Virgin Media O2’s payment of £343 million to Vodafone for a portion of mobile spectrum represents a strategic investment aimed at enhancing network capabilities following recent in...
Read Full Article →City minister doubles down on green finance as firms turn sour
The government remains committed to promoting sustainable investment within the financial sector, emphasizing the UK’s expertise and research capabilities despite recent shifts in...
Read Full Article →Village Hotels in the red after takeover by Blackstone
In 2024, Village Hotels reported a pre-tax loss of £23.5 million, largely attributed to unusual expenses incurred following its acquisition by an American investment firm.
Read Full Article →LeBron James opts into £38m contract as Lakers set for $10bn deal
LeBron James’ decision to remain with the Lakers under a substantial new agreement highlights his ongoing value and coincides with the franchise’s impending multibillion-dollar own...
Read Full Article →Tariffs, not Iran, will define Trump’s presidency
Throughout Trump’s term, trade policies and tariffs are expected to have a more direct impact on economic outcomes and business profitability than geopolitical issues like Iran, ac...
Read Full Article →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 →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 →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 →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 →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 →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 →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 →Ex LSEG boss slams London stock market ‘gimmicks’
Xavier Rolet, former head of LSEG, criticized UK market regulators for prioritizing short-term solutions over sustainable improvements, highlighting concerns about the long-term fi...
Read Full Article →LSE boss calls for long-term campaign to get Brits investing again
The leader of the London Stock Exchange emphasized the importance of initiating a sustained effort to boost public participation in UK investments, aiming to support the market’s e...
Read Full Article →Brussels’ tobacco ban risks fuelling illegal immigration
Increasing tobacco taxes in the EU may inadvertently boost underground markets and human trafficking, potentially leading to higher economic costs related to enforcement and border...
Read Full Article →Cannes Lions: Athletes, algorithms and the ascent of women’s sport
The growing investment in women's sports and athlete-driven ventures highlights the sector's increasing value as a key driver of marketing innovation and significant commercial opp...
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