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The luxury market’s betrayal of Gen Z
Recent figures reveal a significant decline in younger consumers within the luxury sector, with approximately one-eighth of the customer base, primarily from younger age groups, ex...
Read Full Article →UK’s largest bioethanol plant to shut after US trade deal
The closure of the major bioethanol facility highlights the economic impact of trade agreements on domestic manufacturing, resulting in the loss of investment and potential job red...
Read Full Article →What will the Trump-Putin meeting mean for the global market?
The outcome of the Trump-Putin discussion may influence international investor confidence and market stability amid ongoing geopolitical tensions related to the Ukraine conflict.
Read Full Article →Liquid assets: An introduction to fine wine investment
Despite a global downturn in the sector, the UK’s fine wine market has seen consistent growth, attracting substantial investment both in vineyards and private collections over the...
Read Full Article →Market ‘overreaction’ damaged LSEG’s valuation, analyst says
Concerns about challenges in LSEG’s software division have led to a substantial decline in its market value, resulting in an estimated £8 billion loss during the third quarter, acc...
Read Full Article →Rumoured changes to inheritance tax gifting spark concern for middle-class
Potential adjustments to the rules governing transfers of wealth could lead to higher tax liabilities for many individuals, particularly impacting those within the middle-income br...
Read Full Article →Hundred: ECB under fire over opt-out data transfer cut-off date
The decision by the ECB to require fans to opt out of data transfers amid significant sales of franchise stakes to international buyers could impact revenue streams and stakeholder...
Read Full Article →Plusnet cuts jobs as sales and profit slashed
Plusnet experienced a substantial decline in revenue and earnings over the past year, prompting the company to reduce its workforce by more than 100 positions to address financial...
Read Full Article →Breadmakers Hovis and Kingsmill merger agreed
The consolidation of two major UK bread producers is expected to impact market dynamics and investor interests, reflecting strategic growth within the baking industry despite undis...
Read Full Article →Diageo: Debra Crew gets golden goodbye after being ousted as CEO
Debra Crew’s departure from Diageo resulted in a substantial severance package, reflecting the company’s financial obligations following the sudden leadership change last month.
Read Full Article →Agreement in place for sale of Morecambe FC after weeks of chaos
The finalized deal for Morecambe FC's ownership transfer is expected to impact the club’s financial stability and investment potential following an extended period of operational u...
Read Full Article →Once bitten, twice inflated: The Bank of England’s rate cut conundrum
The Bank of England faces a complex challenge as it balances the potential economic slowdown with rising price levels, impacting borrowing costs and overall financial stability in...
Read Full Article →Klarna’s losses worsen as provisions jump ahead of IPO
Klarna experienced a significant increase in potential loan loss reserves, which contributed to higher overall losses despite a notable rise in revenue during the second quarter ah...
Read Full Article →Insurers urged to reassess Russian oil coverage amid UK and EU price cap changes
Insurance companies are encouraged to review their policies related to Russian oil shipments due to upcoming modifications in pricing regulations by the United Kingdom and European...
Read Full Article →Centrica: British Gas owner’s shares rise after £1.5bn deal revealed
The acquisition of a major LNG terminal through a £1.5 billion partnership has positively impacted Centrica’s stock value, reflecting investor confidence in the company’s expanded...
Read Full Article →‘I was told to hide my age so clients would trust me’: Motorway CFO Liz Kistruck
Liz Kistruck’s experience highlights the challenges of bias in the financial sector and underscores the importance of trust-building strategies for executives managing significant...
Read Full Article →Football stakes in UK down since Euros as Premier League returns
Following the resumption of the Premier League after Euro 2024, the parent company of William Hill reported a slight decline in revenue and betting activity in the UK and Ireland d...
Read Full Article →Corinthia London: Profit slashed at five-star hotel despite revenue spike
Despite an 80 percent increase in revenue, Corinthia London’s pre-tax earnings for 2024 have significantly declined, reflecting challenges in managing costs or other financial fact...
Read Full Article →Billionaire Issa brothers shrink empire ahead of blockbuster IPO
The Issa brothers are strategically divesting segments of their global enterprise, including Australian operations, to streamline assets and enhance financial positioning ahead of...
Read Full Article →Business investment falls as alarm bells rung on low productivity
The recent decline in business spending during the second quarter highlights concerns about sluggish productivity, potentially impacting overall economic growth and future financia...
Read Full Article →Savills hit by slowdown in sales despite uptick in profits
Despite challenges in sales growth during the first half of the year, the company achieved higher revenue and a notable increase in underlying profits, reflecting overall positive...
Read Full Article →FatFace slims down workforce as brand returns to profit
Following its acquisition by a major retail group, FatFace reduced nearly 300 positions, contributing to improved financial performance and a positive shift in profitability during...
Read Full Article →Gatwick profit jumps after boost to passenger numbers
Gatwick airport experienced a substantial increase in earnings during the initial six months of 2025, largely due to higher passenger and flight activity, resulting in revenue exce...
Read Full Article →David Beckham-backed Guild Esports put up for sale on insolvency marketplace
The potential sale of the esports organization highlights financial challenges and offers an opportunity for investors to acquire assets, including a prominent gaming venue, amid e...
Read Full Article →PensionBee gathers momentum in the UK and US
The retirement savings platform experienced increased revenue and enhanced adjusted EBITDA, reflecting successful expansion efforts in both domestic and international markets durin...
Read Full Article →UK economy grows faster than expected in June
The recent official statistics indicate a positive shift in the UK’s economic performance, with output increasing in June and contributing to overall quarterly growth despite previ...
Read Full Article →Admiral: Shares surge after FTSE 100 giant’s profit jumps
Admiral experienced a notable increase in market value following a considerable rise in first-half earnings, driven by strong performance in its UK insurance division and revenue f...
Read Full Article →Rank Group: Grosvenor casino owner posts strong profit as UK gambling reforms boost outlook
The company experienced substantial profit growth due to significant increases in revenue from both physical locations and digital platforms, supported by regulatory changes expect...
Read Full Article →Aviva’s profit soars ahead of merger with Direct Line
Aviva’s operating profit increased by over 20 percent in the first half of the year, reflecting robust performance in its core sectors prior to finalizing the takeover of a key com...
Read Full Article →MHA: Revenue jumps in first results since IPO
The listed accountancy group MHA reported a 45 percent increase in revenue to £224.2 million for the last financial year, marking strong financial performance following its recent...
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