Finance News – U.K.
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Alarming OBR forecast is too optimistic – debt is set to be 647 per cent of GDP
The Office for Budget Responsibility’s projections may underestimate future debt levels due to overly positive assumptions about productivity growth, indicating that the UK’s finan...
Read Full Article →New York City’s congestion pricing has cut pollution and traffic – but Trump still wants to kill it
The implementation of New York City’s fee for driving in busy areas has generated notable economic benefits by reducing vehicle use, lowering emissions, and potentially influencing...
Read Full Article →Copper market reels as Trump threatens 50% tariff
The potential imposition of a substantial tariff on copper imports has caused prices to surge, reflecting concerns over increased costs for industries relying on this essential met...
Read Full Article →Trump tariffs: FTSE 100 holds steady as pharma and metals brace for levies
The anticipation of upcoming trade duties on pharmaceutical and metal industries has prompted cautious market reactions, while the leading UK stock index maintained stability amid...
Read Full Article →Hovis: Losses widen amid Kingsmill merger talks
Hovis experienced an increase in pre-tax losses to £4.7 million for the year ending September 2024, coinciding with discussions regarding a potential combination with Kingsmill’s p...
Read Full Article →Hamleys: More loss-making stores closed by iconic toys seller
Hamleys’ decision to close numerous underperforming outlets while opening new ones reflects efforts to improve overall profitability and stabilize the company’s financial position...
Read Full Article →Seven UK housebuilders to pay £100m to fund affordable homes after CMA investigation
The seven major UK construction companies will contribute £100 million to support affordable housing projects following a regulatory review that uncovered potential coordination of...
Read Full Article →Watchdog probe to net £100m from listed housebuilders for affordable schemes
The investigation by the UK regulator into several major housing companies is expected to secure a £100 million contribution aimed at supporting more affordable housing development...
Read Full Article →WPP shares dive after sales slump
WPP experienced a significant market decline following forecasts of decreased revenue in the first half, attributed to the loss of important clients impacting its overall financial...
Read Full Article →Galliford Try ‘well-positioned’ to benefit from government spending
Galliford Try anticipates stronger-than-expected profits this year as it capitalizes on increased public investment in affordable housing, infrastructure, and regulated sectors suc...
Read Full Article →Jet2 hikes dividend on record passenger numbers
Despite increased profits and a higher annual dividend driven by strong passenger growth, Jet2’s stock declined due to investor concerns about ongoing international geopolitical ri...
Read Full Article →UK housebuilders offer to pay £100mn to end competition probe
UK home construction firms proposed a £100 million payment to resolve an investigation after regulators discovered that companies exchanged pricing details, potentially affecting m...
Read Full Article →Rolex sponsored Wimbledon stars made to pay for own watches
Although being sponsored by a prestigious watch brand can enhance a tennis player's image, the financial burden of purchasing the timepieces themselves often offsets the perceived...
Read Full Article →The Debate: Should Rachel Reeves reduce the Cash ISA allowance?
Reducing the maximum contributions to Cash ISAs could impact personal savings habits and disposable income, potentially influencing overall financial stability and economic activit...
Read Full Article →Will the Renter’s Rights Bill push up costs for student accommodation?
The proposed legislation is expected to alter rental agreements and eviction practices, potentially increasing operational expenses for student housing providers and influencing ov...
Read Full Article →London’s nighttime economy is crumbling. Yet the show must go on
The decline of London's after-hours businesses has notable economic implications, impacting revenue and employment, yet efforts continue to sustain entertainment and cultural activ...
Read Full Article →These charts show the scale of the London Stock Exchange’s decline
The departure of a minor company from a key segment of the London market highlights ongoing challenges and shifting investor confidence that may impact overall financial activity i...
Read Full Article →Morrisons taps Google’s Gemini AI to solve the supermarket scavenger hunt
By implementing an AI-driven product locator developed with Google Cloud, Morrisons aims to enhance customer experience and potentially increase sales through improved in-store nav...
Read Full Article →Looser bonus rules and tax breaks needed to save London stock market, says CBI
The Confederation of British Industry proposes a series of financial incentives and regulatory changes aimed at revitalizing the London Stock Exchange and maintaining its global co...
Read Full Article →London’s stock exchange needs a shot in the arm from the Treasury | Nils Pratley
Revitalizing the London stock market’s role in the economy may require targeted government incentives and regulatory changes to encourage company listings and investor participatio...
Read Full Article →From the archive: The death of the department store – podcast
The closure of a major department store after decades impacts local economies by reducing retail jobs and commercial activity, highlighting broader challenges faced by urban center...
Read Full Article →Trump deal to leave EU facing higher tariffs than UK
Brussels anticipates that, compared to the UK, EU exports of steel, automobiles, and various goods will encounter increased duties, potentially impacting trade revenues and market...
Read Full Article →Labour’s Mansion House will be lift-off or letdown for banks
Rachel Reeves’ upcoming Mansion House address is expected to outline key policies that could significantly impact the banking industry’s role in Britain’s economic growth and compe...
Read Full Article →Trump ‘tariff wall’ takes shape around south-east Asia’s factories
The proposed US tariffs targeting several Southeast Asian countries could substantially increase manufacturing costs and alter trade dynamics within the region's export-oriented in...
Read Full Article →US copper prices soar to record high as Trump threatens 50% tariff
The sharp increase in copper costs reflects concerns over proposed substantial tariffs by the administration, potentially affecting trade dynamics and market stability across multi...
Read Full Article →Action needed to halt exodus of firms leaving UK, says CBI
Reducing the cash ISA allowance could potentially redirect savings into investments, which may help stabilize the business environment and address concerns about companies relocati...
Read Full Article →Faisal Islam: Trump delays tariffs as the rest of world plays hardball
The postponement of tariffs by the US leader indicates a strategic move that may impact global trade negotiations and financial markets, reflecting complex international economic d...
Read Full Article →ASA cracks down on online pharmacies advertising weight loss injections
The new regulatory actions could impact online pharmacies' revenue streams by limiting their marketing options for certain prescription treatments, potentially altering consumer ac...
Read Full Article →Apple names new chief operating officer
Sabih Khan’s appointment as chief operating officer comes as the company navigates complex global trade challenges that could impact production costs and overall profitability.
Read Full Article →US will hike tariffs on copper to 50%, Trump says
Increasing tariffs on copper and potentially other key industries such as pharmaceuticals, lumber, and semiconductors could significantly impact trade costs and market prices acros...
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