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Small businesses ‘held back’ by £112bn of late payments
Late payments totaling approximately £112 billion to small and medium-sized enterprises are delaying cash flow, which may hinder overall economic expansion and limit opportunities...
Read Full Article →Genting in the red after closing Britain’s oldest casino
Following the closure of a historic casino, Genting’s UK division reported a pre-tax loss of £6.2 million in 2024, a significant shift from the £8 million profit earned in the prev...
Read Full Article →Starmer: Unemployment jump not caused by my government
The recent increase in joblessness has raised concerns about the economy, but government officials emphasize that new international trade agreements are expected to create employme...
Read Full Article →Landmark Canary Wharf building given the green light
The approval of a 46-story student housing project in Canary Wharf is expected to generate substantial investment and contribute to the local economy by accommodating over 900 new...
Read Full Article →Labour’s regional growth plan sees 12,000 civil servants moved outside London
Relocating 12,000 civil service positions across the UK aims to reduce government expenses by approximately £94 million annually by 2032, supporting efforts to enhance regional eco...
Read Full Article →Trade deals set to boost Indian equities say analysts
Analysts believe recent diplomatic agreements and trade arrangements could positively influence India's stock market performance and strengthen its position in the global electroni...
Read Full Article →Eurostar routes could see double-decker trains
Introducing double-decker trains on international rail routes may enhance passenger capacity and operational efficiency, potentially boosting revenue and supporting growth in cross...
Read Full Article →How Steven Bartlett’s first Dragons’ Den investment collapsed
The initial investment made by Steven Bartlett on Dragons’ Den experienced a significant downturn but was later acquired by another company, highlighting the financial challenges a...
Read Full Article →Rank: Grosvenor casino owner hits jackpot as laws relaxed
The easing of regulatory restrictions is expected to increase gaming machine availability at Rank Group’s casinos, potentially boosting revenue and positively impacting the company...
Read Full Article →European court sides with NYT over requests for von der Leyen’s texts with Pfizer CEO
The ruling may impact transparency in government communications and affect future access to documents related to pharmaceutical negotiations, potentially influencing public oversig...
Read Full Article →Package deal: Evri to merge with DHL ecommerce arm
The combination of Evri and DHL eCommerce UK is expected to create a larger logistics entity capable of handling a significant volume of parcels and letters, potentially enhancing...
Read Full Article →Tui shares slump as losses widen after quitting London
Tui experienced a notable decline in stock value following a significant increase in underlying operating losses, despite revenue growth and strong results in its cruise business d...
Read Full Article →Rolls-Royce: FTSE 100 shares near record high
The recent increase in Rolls-Royce’s stock price reflects growing investor confidence, contributing significantly to its overall market valuation reaching levels rarely seen in the...
Read Full Article →Vanquis shares jump after recovery from complaints storm
Vanquis Banking Group’s stock increased notably as the company returned to a profitable position despite earlier challenges related to customer grievances this year.
Read Full Article →Imperial Brands CEO to leave FTSE 100 giant as successor named
The departure of Imperial Brands’ chief executive is expected to influence investor confidence and strategic direction, potentially impacting the company’s performance within the c...
Read Full Article →Co-op: All forms of payment now working after cyber attack
The recent cyber incident disrupted transactions across nearly 2,400 locations, impacting revenue flow, but restoration efforts are now enabling normal payment processing and expec...
Read Full Article →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...
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