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DIY demand boosts sales at B&Q and Screwfix owner
Increased consumer interest in home improvement products contributed to a moderate revenue growth for Kingfisher, supporting its financial performance across multiple markets durin...
Read Full Article →McKinsey slashes 10 per cent of jobs in major overhaul
The decision to reduce staffing by a significant margin reflects the firm’s strategic shift toward improving financial performance following a period of rapid growth during the pan...
Read Full Article →Thames Water slapped with historic £123m fine from Ofwat
The £123 million penalty imposed on Thames Water by the regulator reflects significant financial consequences stemming from violations related to wastewater management and dividend...
Read Full Article →Pets at Home: Demand for vet services soars
Pets at Home experienced a significant increase in profitability from its veterinary division, which helped offset a decline in retail profit, resulting in overall stable revenue c...
Read Full Article →Spending in pubs surges as Brits flock to beer gardens
In April, increased consumer preference for outdoor venues contributed to a notable rise in pub revenues, with overall hospitality sales also experiencing moderate growth compared...
Read Full Article →Forget tariffs – this US tax law could be just as damaging for UK exports
The implementation of new US tax regulations aimed at countries with perceived tax advantages may pose substantial challenges to UK service exports and impact international tax col...
Read Full Article →UK public spending will swell to more than half of GDP, IMF warns
According to the IMF, government expenditures in the UK are expected to rise substantially, exceeding fifty percent of the nation's economic output and necessitating difficult fisc...
Read Full Article →Shark Tank star Mark Cuban joins $750m private equity sports fund
Mark Cuban’s involvement in a $750 million private equity fund targeting minority investments in major American sports leagues highlights growing investor interest in the expanding...
Read Full Article →Jupiter Fund Management stock price upgraded by City broker
The recent adjustment in analyst rating and increased price target by Peel Hunt reflects growing investor confidence in Jupiter Fund Management’s efforts to improve efficiency, lea...
Read Full Article →Labour tax hikes drive steepest fall in retail sentiment since Covid
Increased taxation on businesses and ongoing trade tensions have significantly undermined retailer confidence, resulting in the largest decline in optimism observed in the UK marke...
Read Full Article →EU firms should move plants to UK to avoid tariff ‘flare ups’
European companies increasing production in the UK may help minimize additional costs related to recent US trade tariffs, potentially improving their competitive position in the tr...
Read Full Article →The Guardian slashes losses amid record sales following The Observer deal
The media company improved its financial position by significantly reducing deficits and increasing revenue to approximately £275 million during the fiscal year ending March 2025,...
Read Full Article →IMF upgrades UK growth forecasts despite tariff turmoil
The improved economic outlook for the UK indicates a modest increase in output, which may positively influence investment decisions and fiscal planning despite ongoing trade uncert...
Read Full Article →FTSE 100 nears record high but Trump threat lingers
The UK’s leading stock index approached a historic peak due to recent gains, though concerns over potential new U.S. tariffs continue to create uncertainty in the market.
Read Full Article →Relentless surge in government debt is unsustainable says BIS
The continuous increase in national borrowing poses significant risks to economic stability, prompting experts to urge timely fiscal reforms to maintain confidence in government fi...
Read Full Article →Up to 4,000 livelihoods at risk as ABF prepares to pull plug on bioethanol plant
The potential closure of the Yorkshire bioethanol facility due to trade policies may significantly impact thousands of workers and disrupt the agricultural supply chain involved in...
Read Full Article →Farage unveils Reform UK’s new economic policies
Reform UK has introduced a series of measures focused on boosting population growth, reducing public expenditure, and modifying social support systems to influence the country's ec...
Read Full Article →Is Natwest set for a deal spree after privatisation?
Following the end of government ownership, Natwest could pursue numerous acquisitions, potentially impacting its market position and shareholder value as it transitions back to a f...
Read Full Article →IAG shares jump as tailwinds build for British Airways owner
The increase in IAG’s stock value reflects investor optimism driven by easing trade tensions and favorable conditions expected to support the airline group's future financial perfo...
Read Full Article →Steven Bartlett: Dragons’ Den star signs the ‘biggest deal of my life’
Steven Bartlett has made a significant financial commitment by acquiring a substantial equity stake in the Los Angeles-based technology company Stan Store, marking an important inv...
Read Full Article →KFC to create over 7,000 UK jobs and open 500 restaurants in £1.5bn move
KFC's £1.5 billion investment aims to boost employment significantly and expand its presence by establishing hundreds of new outlets across the UK and Ireland within the next decad...
Read Full Article →Firms ‘staying private for longer’ as listing drought set to continue, Baillie Gifford says
The prolonged delay in public offerings indicates that companies are retaining private ownership to secure funding, reflecting investor caution and impacting the overall dynamics o...
Read Full Article →Monsoon and Accessorize owner enters the red as sales slip
Adena Brands, the company behind Monsoon and Accessorize, reported a pre-tax loss of £7.5 million for the year ending August 31, 2024, reflecting a decline in overall revenue.
Read Full Article →North Sea windfall tax causing ‘irreversible damage’ says oil giant
The additional tax on oil and gas companies operating in the North Sea is reportedly impacting industry stability and employment, leading to concerns about long-term financial effe...
Read Full Article →UK nightlife economy under pressure as venues struggle
The UK's evening entertainment sector is experiencing financial strain due to changing customer preferences, economic difficulties, and increased regulations, which collectively th...
Read Full Article →‘The most calls I’ve ever had’ – Why Japanese bonds have suffered surging yields
The recent decline in demand for long-term Japanese government bonds has caused yields to rise sharply, reflecting increased investor caution and potential shifts in the country’s...
Read Full Article →Company bosses hit pause on growth plans after tariff shock
Many UK business leaders are reconsidering expansion strategies due to increasing trade restrictions, which they believe could negatively affect their future revenue and operationa...
Read Full Article →Hard to swallow: food inflation rises for fourth month in a row
Rising food prices over several months indicate increasing costs for consumers and retailers, potentially impacting household budgets and business expenses due to new taxes and reg...
Read Full Article →Nvidia’s new chip aims to soften tariff blow ahead of key earnings
Nvidia’s introduction of a more affordable AI chip is intended to mitigate the impact of rising trade barriers and support revenue growth during an important financial reporting pe...
Read Full Article →Global markets hold breath as Trump draws out EU trade talks
The extension of trade negotiations between the United States and the European Union has temporarily eased investor concerns, leading to positive movements in European financial ma...
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