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Bank of England policymaker urges faster interest rate cuts
A member of the Bank of England’s policy committee advocated for a quicker reduction in borrowing costs to support economic stability amid fluctuating inflation rates and recent de...
Read Full Article →Profit at The Macallan whisky owner slashed as sales slide
Edrington experienced a significant decline in pre-tax earnings for the fiscal year ending March 2025, reflecting lower revenue across its portfolio of whisky brands.
Read Full Article →Reeves on growth ‘hell slide’ after welfare U-turn as rebels call for wealth tax
Rachel Reeves’ plans to promote economic expansion while maintaining strict budget guidelines are challenged by the reversal of welfare reforms, which reduces expected savings and...
Read Full Article →Trump’s Scottish golf tournament gets crypto sponsor in Nexo
The involvement of a cryptocurrency company as a major sponsor provides significant new revenue streams and financial support for the European golf tour and its prominent tournamen...
Read Full Article →Former UBS banker wins top court battle in £80m divorce row
A former investment professional has secured a favorable court ruling in a lengthy divorce dispute involving substantial assets connected to complex tax arrangements, marking a sig...
Read Full Article →Losing AstraZeneca would be more than a bitter pill for the City – it could be fatal
The potential departure of AstraZeneca from the London Stock Exchange poses a serious financial threat, highlighting the need for government reforms to maintain the market’s compet...
Read Full Article →Labour urged to scrap state pension triple lock
The Institute for Fiscal Studies recommends ending the current pension guarantee worth £145 billion and introducing mandatory employer contributions to private pension plans to add...
Read Full Article →Secure Trust Bank: Jobs at risk as lender exits motor finance
By discontinuing new loans in its vehicle finance sector and gradually reducing its current portfolio, Secure Trust Bank aims to improve profitability but may face workforce reduct...
Read Full Article →Aston Villa sign UK licensed Xapo Bank as club partner
The collaboration between Aston Villa and Xapo Bank is expected to enhance the club’s financial opportunities by leveraging cryptocurrency services during their upcoming internatio...
Read Full Article →Whisky Business: Commando Spirit’s unique brand
Commando Spirit, developed by a former Royal Marines brigadier, represents a growing trend of smaller whisky producers gaining market share and contributing to increased competitio...
Read Full Article →Greggs: Shares crater as sweltering June set to hit profit
Greggs anticipates a decline in annual earnings due to challenging weather conditions in June, despite overall sales increasing by nearly 7 percent in the first half of the year.
Read Full Article →BBC facing fight to retain £60m Wimbledon broadcast rights
The BBC may need to allocate substantially more funds to secure ongoing exclusive Wimbledon broadcasting rights after 2027 due to intensified rivalry among networks for major tenni...
Read Full Article →UK on track for biggest year of takeovers since 2021
The substantial increase in acquisition activity in the UK reflects significant capital movement, with numerous companies leaving public markets through high-value deals primarily...
Read Full Article →Calm heads make a welcome return to ESG debate
Recent discussions indicate a shift in perspectives within financial sectors regarding environmental, social, and governance priorities, potentially influencing investment strategi...
Read Full Article →Retail investors cut back on dining out to free up investment capital
Many individual investors are reducing discretionary spending on meals to increase the funds available for investment opportunities, reflecting a strategic shift in personal financ...
Read Full Article →To find out who’s to blame for economic uncertainty, reeves should look in the mirror
The decline in consumer expenditures by £50 billion compared to last year highlights cautious financial behavior that contributes to ongoing economic instability, reflecting broade...
Read Full Article →Exclusive: Revolut, Octopus mull joining Pisces
Several prominent billion-pound companies, including Revolut and Octopus, are considering participation in a newly proposed private equity market supported by the London Stock Exch...
Read Full Article →Global sports market forecast to be worth $600bn by 2030
The worldwide sports industry is expected to experience faster growth in the coming years, potentially reaching a value of $600 billion by 2030, driven by an increasing annual expa...
Read Full Article →Lloyd’s chair says marketplace must ‘extend’ leading position
The new leadership at Lloyd’s aims to build on its market dominance, recognizing the sector’s crucial role in national economic development as highlighted in the government’s Indus...
Read Full Article →Santander snaps up TSB Bank for £2.9bn
The acquisition of TSB by Santander UK for £2.9 billion is expected to enhance Santander’s customer base and mortgage portfolio, increasing its presence in the competitive high str...
Read Full Article →Fund managers made ‘ridiculously extravagant claims’ on ESG, Aberdeen boss says
The criticism from Aberdeen’s leader highlights concerns that overly optimistic statements about sustainable investing may have contributed to recent declines in ethical fund perfo...
Read Full Article →Astrazeneca chief ‘wants to shift London listing to US’
Relocating the company’s stock exchange registration to the United States could potentially enhance access to larger capital markets and increase investor exposure for the pharmace...
Read Full Article →Billionaire boltholes: Inside Simon Nixon’s SimonEscapes
Simon Nixon’s accumulation of multiple exclusive and uniquely designed residences highlights a substantial investment in luxury real estate, reflecting significant financial commit...
Read Full Article →National Wealth Fund boss calls for public finance consolidation
The head of the National Wealth Fund emphasized the potential benefits of merging various public financial entities to improve clarity and efficiency for private businesses engagin...
Read Full Article →Aviva’s £3.7bn takeover of Direct Line approved by UK watchdog
The regulatory approval of Aviva’s £3.7 billion acquisition of Direct Line clears the path for a major consolidation in the UK insurance market, potentially reshaping competition i...
Read Full Article →Berkeley, Persimmon and Barratt hit by house price slowdown
The decline in UK housing market growth has led to decreased investor confidence in major homebuilders, potentially impacting their financial performance and the government's abili...
Read Full Article →London City Lionesses score Nike kit deal following promotion to WSL
Securing a partnership with a major global sports brand provides the London City Lionesses with enhanced financial resources and brand visibility as they enter the top tier of wome...
Read Full Article →Macquarie to inject £1.2bn into struggling Southern Water
The £1.2 billion investment from Macquarie aims to support Southern Water’s financial stability and ensure continued compliance with regulatory requirements while enabling planned...
Read Full Article →Political Currency podcast maker Persephonica triples in value
Persephonica, known for producing Political Currency, experienced significant financial growth last year, with its net assets increasing by over three times compared to the previou...
Read Full Article →Government pledges to back UK fintech with regulation overhaul
The government’s planned regulatory changes aim to reduce compliance costs for fintech companies, potentially enhancing investment opportunities and accelerating growth within the...
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