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GoDaddy recovers from huge loss as revenue jumps
GoDaddy’s European division improved its financial performance in 2024 by achieving a pre-tax profit of $4.2 million, reversing the previous year’s significant deficit of over $68...
Read Full Article →Burberry shares jump on turnaround hopes but job losses loom
Investors responded positively to Burberry’s improved prospects for the latter half of the year, although concerns remain due to the planned reduction of 20 percent of its employee...
Read Full Article →Interactive Investor creates hundreds of jobs as trading booms
Interactive Investor significantly expanded its workforce by nearly 200 employees, contributing to a rise in pre-tax profits to £89.7 million in 2024, up from £84.2 million the pre...
Read Full Article →CMA to investigate Aviva’s £3.7bn Direct Line deal
The regulatory review of Aviva’s proposed £3.7 billion purchase of Direct Line aims to assess potential market impacts that could affect competition and consumer choices within the...
Read Full Article →US-based pawnbroker Firstcash to buy H&T
The acquisition of H&T by a major American pawnbroking company, valued near £297 million, reflects a significant premium and marks a notable consolidation within the UK financial s...
Read Full Article →Is Rachel Reeves breaking up with the OBR?
Rachel Reeves implemented several last-minute adjustments to her Spring Statement aimed at maintaining fiscal stability and preserving confidence in the official budget forecasts p...
Read Full Article →Has MHA’s first month as a public company been a success?
After one month of trading on the London Stock Exchange, UK accountancy firm MHA has demonstrated moderate financial performance, indicating a promising start in its transition to...
Read Full Article →FCA to rip up insurance rules in drive for growth
The Financial Conduct Authority’s proposed revisions aim to lower operational expenses for insurance companies by removing obsolete regulations, potentially encouraging increased m...
Read Full Article →Uncertain US tariffs put Rolex, Patek Philippe and Omega in a precarious position
The potential implementation of increased US tariffs threatens significant financial challenges for Swiss luxury watch exporters, who are hoping for favorable negotiations to preve...
Read Full Article →Business Secretary can’t commit to lower energy costs in industrial strategy
The uncertainty surrounding potential reductions in industrial energy expenses within the government’s industrial strategy may impact business planning and the broader economic out...
Read Full Article →UK jobs markets suffers a fainting fit…will the patient get worse?
Recent data indicate a decline in the number of employed individuals in the UK since the beginning of the year, though inconsistencies in measurements make the exact figures uncert...
Read Full Article →Zopa Bank: UK fintech raises £80m with its first LSE bond listing
Zopa Bank secured £80 million through its initial bond issuance on the London Stock Exchange, supporting its transition to an unlisted public company and advancing plans to introdu...
Read Full Article →Plans to build UK’s largest arena in London revealed by Co-op Live owner
A major live entertainment company is exploring the development of two new venues in London, representing a potential investment of approximately £1.5 billion to expand its event-h...
Read Full Article →Defence secretary tells City sector is ‘open for business’
Defence Secretary John Healey introduced a new initiative designed to connect various economic sectors with defence companies, aiming to stimulate investment and foster collaborati...
Read Full Article →Entrepreneurs! We need YOU to back Britain
The success of the economy largely depends on business leaders investing in and supporting the country’s growth, highlighting the crucial role entrepreneurs play in driving financi...
Read Full Article →Revolut, Allica, Zopa: Analysts back ‘enduring value’ of UK fintech
Analysts highlighted the strong financial performance of UK fintech companies, noting their significant profits in 2024 and their evolving role as major competitors to established...
Read Full Article →Wiggins family leaned on Armstrong during cyclist cocaine addiction
Bradley Wiggins’ financial challenges, including significant debt, highlight the ongoing economic pressures faced by athletes even after achieving major career milestones and publi...
Read Full Article →Wetherspoon, Marston’s and Young’s manage to fend off UK pubs crisis – for now
Major UK pub operators have demonstrated unexpected financial stability recently, reporting stronger performance than anticipated amid challenging economic conditions and subdued c...
Read Full Article →Jaguar Land Rover rakes in £2.5bn profit despite stalled sales
Jaguar Land Rover reported a substantial increase in annual earnings to £2.5 billion, marking a decade-high profit even as its vehicle sales experienced little growth over the same...
Read Full Article →Starmer’s trade deal triumphs fail to impress UK voters
Although recent agreements with India and the US represent notable diplomatic achievements, they have not significantly influenced public opinion or improved the current leader’s s...
Read Full Article →Treasury meets Monzo and Revolut bosses amid plea for London listings
Senior Treasury officials held discussions with leaders of prominent UK fintech companies to encourage them to pursue public offerings on the London Stock Exchange, aiming to boost...
Read Full Article →Manchester United swap trophy parade for BBQ if they win Europa League
Manchester United’s decision to forgo a traditional victory celebration in favor of a more modest event may reflect a cautious approach to managing costs and public relations follo...
Read Full Article →Barclays: Shares in FTSE 100 giant near decade high after upgrade
Barclays experienced a notable increase in its stock value following a robust first-quarter performance and a consequential analyst upgrade, reflecting growing investor confidence...
Read Full Article →With AI, ‘everything is under review’ at London-based tech firm IFS
IFS, a London-based technology company currently valued at €15 billion, is intensifying investment in industrial artificial intelligence to transform its operations and pursue a re...
Read Full Article →M&S: FTSE 100 shares rise after major cyber attack update
Following an update on the ongoing cyber incident, the increase in Marks and Spencer’s stock reflects investor confidence as critical financial information appears secure despite s...
Read Full Article →Trading 212: UK revenue spikes as profit passes £50m
The UK branch of Trading 212 experienced substantial growth in income, resulting in a notable increase in earnings that exceeded fifty million pounds during the most recent fiscal...
Read Full Article →Bytes Technology warns on increased cyber risk as profit jumps
Despite reporting higher earnings, Bytes Technology has highlighted a growing concern over cybersecurity threats, reflecting the company’s heightened awareness of evolving dangers...
Read Full Article →Top private school warns Reeves’ ‘unwelcome’ tax hikes will cost millions
Gresham’s School, a prominent UK private institution, anticipates significant financial strain due to recent tax increases, prompting plans to implement measures aimed at managing...
Read Full Article →Marston’s: Pub chain swings back into the black
Marston’s has returned to profitability with a notable rise in underlying profit before tax to £19 million in the first half, supported by increased customer demand and improved co...
Read Full Article →London Lions CEO Lenz Balan: ‘I’ve made mistakes. I’m doing all I can to give back’
The financial difficulties faced by the London Lions and their league resulted from the collapse of previous ownership, significantly impacting the club’s stability and the broader...
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