Finance News – U.K.
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Octopus Energy to pay £1.5m over prepayment meter billing error
Octopus Energy will distribute £1.5 million in repayments and compensation due to delays in delivering final bills to customers, as highlighted by the energy regulator Ofgem.
Read Full Article →Rachel Reeves’ Cash ISA plans will punish Brits who just want stability
The proposed changes to Cash ISAs aim to encourage investment among the public, but critics argue they may disadvantage those seeking low-risk, stable savings options.
Read Full Article →UK watchdog fines Monzo £21mn for ‘falling far short’ on financial crime
The UK regulator imposed a £21 million penalty on Monzo due to inadequate measures in preventing financial misconduct, highlighting the bank's acceptance of customers providing que...
Read Full Article →UK to miss deadline to agree steel and aluminium tariffs
Failing to finalize an agreement on steel and aluminium tariffs by the set deadline may lead to prolonged trade uncertainties, potentially affecting market stability and economic r...
Read Full Article →OBR warns unfunded spending to damage UK finances amid ‘daunting’ risks
The Office for Budget Responsibility has highlighted that increased expenditure without corresponding revenue could strain the UK’s fiscal health, especially given ongoing internat...
Read Full Article →M&S shares sink lower after failing to recover from cyber attack
The ongoing decline in M&S’s stock price reflects investor concerns over the company’s ability to fully regain market confidence following the earlier cybersecurity incident.
Read Full Article →London Marathon Events sprints to record surplus as profits surge
London Marathon Events experienced significant financial growth last year, with revenue increasing by nearly £11 million and pre-tax profit rising to £12 million, contributing a su...
Read Full Article →Hundred teams to be buoyed by hike in IPL franchise valuations
The recent rise in the estimated worth of IPL franchises is expected to positively impact the financial prospects of associated Hundred teams amid growing market competition.
Read Full Article →Charities ‘penalised’ by Rachel Reeves’ taxes
The increase in employers' national insurance contributions has raised operational costs for many charities, potentially reducing their available resources and affecting staff comp...
Read Full Article →RBA interest rates: Reserve Bank of Australia leaves cash rate on hold at 3.85%
The Reserve Bank of Australia's unexpected decision to maintain the cash rate at 3.85% may affect borrowing costs and financial market expectations, impacting household mortgage pa...
Read Full Article →Stephen Kinnock says Reeves looking ‘very carefully’ at wealth tax
Health Minister Stephen Kinnock indicated that the government is seriously considering implementing a tax targeting accumulated assets, reflecting increased political support follo...
Read Full Article →Shein files for Hong Kong IPO as London listing prospects wane
Shein's decision to pursue a public offering in Hong Kong reflects a strategic shift aimed at securing capital amid diminishing opportunities for its previously considered London m...
Read Full Article →Trump tariffs: Fresh delay as UK steel exemption hangs in the balance
The postponement of revised import duties on British steel creates uncertainty in trade relations, potentially affecting market stability and the economic outlook for industries re...
Read Full Article →Rare earths: how these critical minerals impact Australian industry and global politics – video
Australia’s investment in rare earth mining aims to reduce reliance on China’s dominant supply, potentially altering global trade dynamics and affecting strategic industries amid o...
Read Full Article →The markets just don’t believe Trump on tariffs
Investors remain skeptical about the likelihood of promised tariff changes, which could lead to increased market uncertainty and impact economic stability if expectations are not m...
Read Full Article →There’s more to philanthropy than writing cheques
Philanthropic efforts contribute significant value by combining financial resources with skills, time, and leadership, enhancing the overall impact on addressing critical social is...
Read Full Article →Labour voters are suffering from buyers’ remorse
A significant portion of individuals who supported Labour in the 2024 General Election now express regret, which could potentially influence future economic policies and market con...
Read Full Article →China’s weaponisation of rare earths is a new kind of trade war
China’s recent restrictions on rare earth exports have created substantial economic impacts, influencing global markets and supply chains more significantly than previous trade mea...
Read Full Article →Private equity abandons early recruiting after Dimon fightback
Major US buyout companies halted their usual early hiring efforts following opposition from JPMorgan’s CEO, reflecting a shift in recruitment strategies within the private equity s...
Read Full Article →Shein files for Hong Kong IPO to pressure UK to save London listing
Shein's decision to seek a public offering in Hong Kong is intended to influence UK authorities to relax listing rules, highlighting the company's strategic approach to its financi...
Read Full Article →Trump says US will send Ukraine more arms
The decision to provide additional military equipment to Ukraine reflects concerns about maintaining sufficient defense resources amid ongoing support efforts, highlighting the fin...
Read Full Article →Trump tariffs explained: what’s changed and why have Asian countries been hit so hard?
The adjustments to US import taxes under Trump’s administration have significantly impacted international trade dynamics, particularly affecting Asian economies through increased c...
Read Full Article →Amazon asks corporate workers to ‘volunteer’ help with grocery deliveries as Prime Day frenzy approa...
Amazon's request for corporate employees to assist with grocery deliveries during its peak sales event highlights efforts to optimize operational efficiency and potentially reduce...
Read Full Article →Tesla shares dive as investors fear new Elon Musk political party will damage brand
Tesla’s market value declined significantly as investors expressed worries that the CEO’s recent political activities might divert attention from the company’s core business operat...
Read Full Article →Brics nations hit back at ‘emperor’ Trump over tariff threats
The BRICS countries responded critically to the US president’s announcement of increased tariffs, highlighting potential impacts on international trade and economic relations betwe...
Read Full Article →Tesla shares sink after Musk says he will launch new political party
Tesla's stock experienced a notable decline following the announcement of a new political party by its CEO, raising concerns among investors about potential impacts on the company'...
Read Full Article →UK officials hopeful steel industry will avoid 50% US tariff
British authorities anticipate that the steel sector may escape the steep import duty imposed by the United States, which could have considerable economic consequences for trade be...
Read Full Article →Labour has delivered where Tory ministers did not on NDA rules
The prohibition of NDAs to conceal workplace harassment and abuse may lead to increased legal and compliance costs for businesses, while potentially reducing financial risks associ...
Read Full Article →Trump announces 25% tariffs on South Korea and Japan
The introduction of a 25% tariff on imports from South Korea and Japan could impact trade balances and potentially lead to shifts in market prices and economic relations between th...
Read Full Article →Trump reveals first two nations to pay delayed 'liberation day' tariffs
Starting August 1, a 25% tariff will be applied to all products imported from Japan and South Korea, potentially impacting trade costs and financial relations between the involved...
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