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Investment funds in April: Energy plummets while property soars
In April, investment funds demonstrated contrasting performances, with energy funds declining significantly due to decreased oil prices, while property funds experienced considerab...
Read Full Article →Clarkson: Shares in shipbroker plummet after tariff profit warning
Following a revised annual profit forecast, Clarkson's shares fell approximately 11% as the company projected a significant decline in underlying pre-tax profits due to the effects...
Read Full Article →London Stock Exchange suffers shareholder revolt over CEO’s bumper pay day
The significant backlash from shareholders regarding the CEO's compensation may impact the London Stock Exchange Group's governance and future financial decision-making, reflecting...
Read Full Article →Week in Business: The billionaires backing Britain
Prominent business leaders, including BlackRock's CEO and Virgin's founder, have recently made significant contributions to discussions surrounding investment strategies and econom...
Read Full Article →HSBC on hunt for new chair as Mark Tucker to retire by year-end
HSBC is seeking a successor for Mark Tucker, who will retire by the end of 2025, potentially impacting leadership and strategic direction during a period of significant financial o...
Read Full Article →Mortgage borrowing surges ahead of stamp duty changes
In March, mortgage borrowing increased significantly by £9.7 billion as buyers sought to finalize purchases prior to upcoming stamp duty tax hikes, surpassing analysts' expectation...
Read Full Article →Manufacturing edges towards year of decline amid ‘noticeable impact’ of tariffs
The decline in UK manufacturing output, influenced by tariffs and ongoing economic challenges, is expected to persist, impacting exporters' sales amid sustained inflation and high...
Read Full Article →Microsoft shares jump after AI bets pay off
Microsoft experienced a significant increase in its stock value following the announcement of strong quarterly earnings, propelled by growth in its cloud services and artificial in...
Read Full Article →Losses widen at Gary Neville’s university UA92
University Academy 92, founded by Gary Neville and others, reported a pre-tax deficit of £2.2 million for the year ending July 31, 2024, indicating worsening financial challenges.
Read Full Article →Man Group stock price target downgraded on performance fee concerns
Peel Hunt has lowered its stock price target for Man Group due to worries about a potential decline in performance fee revenues, following a significant decrease in the firm's asse...
Read Full Article →Lloyds’ finance boss slams ring-fencing amid waning growth forecast
Lloyds' finance chief expressed concerns that regulatory ring-fencing could hinder banks' capacity to support economic growth, prompting a revision of GDP forecasts and an anticipa...
Read Full Article →2025 London Marathon raises world record £75m for charity
The 2025 London Marathon has achieved significant financial success by raising over £75 million for charity, surpassing the previous record of £73.5 million set in the prior year.
Read Full Article →Bet365: Billionaire Coates family consider £9bn sale of betting giant
The Coates family is contemplating the sale of Bet365, potentially valuing the online gambling company at £9 billion as they engage with investment banks and advisors regarding str...
Read Full Article →Rolls-Royce eyes nearly £3bn profit despite tariffs
Rolls-Royce expects to achieve an underlying profit of approximately £3 billion in 2025, maintaining its guidance despite concerns over tariff impacts on its financial performance.
Read Full Article →Mowgli Street Food returns to profit as it creates over 100 jobs
Mowgli Street Food, led by Nisha Katona, has achieved a pre-tax profit of £512,178 for the year ending July 31, 2024, while generating over 100 new job opportunities.
Read Full Article →Meta surges on bold AI spend – but tariff risks loom
Meta's strong first-quarter earnings, driven by advertising growth and significant AI investment, are tempered by concerns over its vulnerability to trade tensions and regulatory c...
Read Full Article →Healthcare firm Totally weighs sale as it faces eight-figure medical negligence claim
Totally is assessing options for selling subsidiaries or attracting investment to improve its financial standing in light of a significant medical negligence claim.
Read Full Article →Schroders assets plummet after foreign exchange crash
In the first quarter, Schroders experienced a significant decline in assets under management, dropping to £758.4 billion, falling short of analysts' expectations amid poor market p...
Read Full Article →National Grid appoints Shell director to replace chief executive
National Grid's decision to appoint Zoë Yujnovich from Shell as chief executive, with a substantial salary package, signifies a strategic leadership change aimed at enhancing the c...
Read Full Article →London Stock Exchange Group: Equity arm continues to lose relevance
London Stock Exchange Group's equity division faces decreasing significance amid challenges in attracting initial public offerings, although its market segment has shown notable gr...
Read Full Article →Lloyds costs soar as lender increases provisions after tariff turmoil
Lloyds Banking Group reported a pre-tax profit of £1.5 billion in the first quarter of the year, reflecting a seven percent decline due to rising operating costs and increased prov...
Read Full Article →Force ISA users to invest more in UK equities, Peel Hunt says
Peel Hunt suggests revising ISA regulations to limit cash investments and encourage greater allocation to UK equities, aiming to revitalize London's struggling capital markets amid...
Read Full Article →UK law firms look for novel way to trump US pay supremacy
UK law firms are exploring innovative strategies to gain a competitive edge over US firms, especially in light of recent challenges facing the US legal market that could create new...
Read Full Article →IoD: Business leaders remain frustrated with Reeves
A recent survey indicates that UK business leaders are increasingly pessimistic about wage growth and facing high costs, which may lead to ongoing frustrations with Chancellor Reev...
Read Full Article →Why inheritance tax means more couples are saying ‘I do’ to pre-nups
As inheritance tax regulations evolve, more couples are considering pre-nuptial agreements to safeguard their financial assets, reflecting a growing trend in wealth protection amon...
Read Full Article →Trump points finger at Biden as US stocks sink amid recession fears
Disappointing economic data has led to a significant decline in US stocks, prompting criticism from Donald Trump towards Joe Biden regarding the economic performance amid fears of...
Read Full Article →Dubai real estate firm to sponsor Chelsea for rest of season
Chelsea has entered a sponsorship agreement with Dubai's Damac Properties, which will feature the company's branding on the team's shirts for the remainder of the current season.
Read Full Article →Shein pauses London IPO as tariff hit sparks US restructuring plans
Shein has suspended its plans for a London IPO while assessing the impact of U.S. tariffs on Chinese imports and exploring potential restructuring of its operations in the United S...
Read Full Article →London’s AI surge at risk from skills crunch, Amazon warns
London's rapid adoption of artificial intelligence by businesses could face challenges due to a significant shortage of digital skills, potentially hindering expected economic bene...
Read Full Article →The last thing pension funds need is a state mandated investment strategy
Toby Glaysher argues that imposing a 10 percent minimum allocation to private assets could hinder UK pension funds, which currently lack the necessary capabilities to adapt to such...
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