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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...
Read Full Article →London’s 5G rollout is being strangled by a failed legal model
The ineffective regulatory framework has discouraged funding, led to extensive legal disputes, and consequently delayed the expansion of advanced wireless networks, impacting econo...
Read Full Article →Metlen moves listing to London in £5bn boost for City
The planned relocation of a major Greek mining and energy company's listing to London this August is expected to inject over £5 billion into the city's struggling financial market.
Read Full Article →Bond markets calm despite government benefits u-turn
Despite the government reversing its benefits policy resulting in increased public spending, the UK government borrowing costs remained steady with minimal changes in bond yields d...
Read Full Article →Labour’s welfare U-turn spikes fears of tax hikes
The government’s reversal on welfare reforms is expected to reduce anticipated savings, potentially increasing fiscal pressures and raising concerns about the need for additional r...
Read Full Article →Aston Martin tariff hit sinks UK car output to 76-year low
The introduction of import duties has significantly disrupted vehicle manufacturing in the UK, causing production levels to fall to a historic low not seen in over seven decades.
Read Full Article →Heathrow eyes earnings crunch as national insurance hike weighs
London Heathrow anticipates a reduction in its 2025 profitability as increased employer national insurance payments contribute to higher operational expenses, potentially lowering...
Read Full Article →Cavendish chiefs: Markets need tax incentive to turn heads
Leaders at Cavendish emphasize that implementing favorable tax measures could enhance market activity and support listing growth, especially during the current downturn in mergers...
Read Full Article →Is Labour changing its mind about the OBR?
Labour’s shifting perspective highlights concerns that relying on economic forecasts may not effectively address the ongoing challenges related to the UK’s public finances and gove...
Read Full Article →Jeremy Hunt ‘made mistake’ in taxing non doms
The decision to eliminate the special tax status for non-domiciled residents resulted in increased government revenue by billions, impacting both tax policy and contributions from...
Read Full Article →Starling Bank sets sights on US expansion
Starling Bank’s move to enter the US market aims to enhance its revenue streams and offset recent profit declines by tapping into new customer bases and expanding its international...
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