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Thameslink operator slumps into the red ahead of Elizabeth Line takeover
The company managing key rail services experienced a significant pre-tax loss in 2024, reversing from previous profits, as it prepares to assume control of a major new transit rout...
Read Full Article →Trustpilot shares sink after analysts downgrade to ‘Sell’
Trustpilot experienced a significant stock decline following analyst downgrades, reflecting investor concerns about the company’s financial outlook amid anticipated economic diffic...
Read Full Article →Energy services giant returned to profit before $1bn takeover
Prior to its acquisition valued over $1 billion, the Aberdeen-based energy company achieved a pre-tax profit of $4.4 million and generated numerous employment opportunities during...
Read Full Article →Gino D’Acampo: Restaurant empire’s huge debts revealed before rescue
The financial troubles of Gino D’Acampo’s business became apparent as the company faced significant liabilities exceeding £11 million, leading to administration proceedings prior t...
Read Full Article →Alphawave reaches deal on Qualcomm takeover
The agreement for Qualcomm to acquire Alphawave highlights a major transaction in the semiconductor industry, signaling significant investment shifts and potential market changes w...
Read Full Article →WPP boss Mark Read to step down
Mark Read’s departure from WPP, following a significant decline in the company’s market value, signals a major leadership change amid challenges affecting its position in the globa...
Read Full Article →UK dominates European investment appeal despite drop in activity
Despite a notable decline in the number of foreign direct investment projects, the UK remains the leading destination for financial services investment across Europe in 2024.
Read Full Article →Evri to ramp up courier workforce after DHL partnership
The addition of 5,000 new couriers aims to strengthen Evri’s market position and increase delivery capacity, potentially boosting revenue and competitiveness in the expanding UK lo...
Read Full Article →Cut net zero and welfare spending instead of police budget, Tory MP blasts
A Tory MP argued that government funds for environmental goals and social support should be reduced rather than police financing, emphasizing the importance of maintaining law enfo...
Read Full Article →Tesco shareholders eye returns as ‘awful April’ bill hikes set to hit profit
Tesco’s upcoming financial report will reveal how rising costs and increased competition may impact its profitability and shareholder returns amid growing pressures on consumer spe...
Read Full Article →Home Office plans to spend £2.2bn of foreign aid on asylum support
The government has allocated approximately £2.2 billion from international aid funds to cover expenses related to housing and supporting individuals seeking asylum in the upcoming...
Read Full Article →NHS app to save government £200m, internal analysis suggests
The NHS app is projected to reduce government expenses significantly by streamlining patient communications and delivering health information digitally, enhancing efficiency in app...
Read Full Article →Klarna boss: AI will lead to recession and mass job losses
The widespread adoption of artificial intelligence in the workplace may significantly disrupt employment and economic stability, potentially resulting in decreased consumer spendin...
Read Full Article →London must ‘market its successes better’ to avoid another Wise
Improving the promotion of local business achievements is essential for London to enhance its appeal as a financial hub and retain high-profile companies considering relocation.
Read Full Article →Pick Midak to be in Derby mix
The large international participation in the World Pool creates substantial prize money and diverse betting opportunities, making this year’s Derby particularly attractive for wage...
Read Full Article →London shipowner looks to wind to propel green transition
A London maritime company is investing in innovative sail technology to reduce fuel consumption and emissions, potentially reshaping operational costs and supporting environmental...
Read Full Article →In Musk v Trump, the markets will win
The potential fallout between Musk and Trump could influence investor confidence and market stability, highlighting the broader economic implications linked to their professional r...
Read Full Article →M&S: Shares in FTSE 100 firm to hit 10-year high, say analysts
Following the company’s recent annual performance report, experts anticipate a significant increase in M&S stock value, potentially reaching levels not seen in the past decade desp...
Read Full Article →Reform lost their businessman – what does this mean for the party?
The departure of Zia Yusuf, a key financial supporter, may impact the Reform party's fundraising capabilities and influence its strategic direction moving forward.
Read Full Article →‘A tax burden without precedent in the 21st Century’: Pub chain McMullen’s blasts government tax hik...
McMullen’s, a major UK pub operator, warns that recent increases in government taxation could reduce consumer spending and investment, significantly impacting profitability within...
Read Full Article →FCA lifts ban on crypto trackers in growth push
The decision to allow crypto-related investment products for retail customers reflects a regulatory shift aimed at stimulating economic expansion despite potential high risks to in...
Read Full Article →Wise’s London listing snub shows the need for urgent City reform
The decision by a major fintech company to seek its primary stock market listing outside London highlights challenges faced by the city in attracting significant investment and sup...
Read Full Article →MPs demand answers from Meta on finfluencers complaints
MPs have called on Meta to clarify its handling of harmful financial influencer content, highlighting concerns about the company's role in managing misleading posts that may impact...
Read Full Article →Pret owners in discussions for IPO or possible sale
JAB Holding is consulting with advisors to evaluate strategic financial alternatives for Pret, aiming to either raise capital through public offering or pursue a transaction that c...
Read Full Article →Fifa strengthens Saudi ties as PIF joins Club World Cup sponsors
The involvement of Saudi Arabia’s Public Investment Fund as a new sponsor of the Club World Cup introduces substantial financial support, enhancing the tournament’s commercial valu...
Read Full Article →Melrose founders’ Rosebank strikes £1.4bn deal
Rosebank Industries, led by Simon Peckham, secured £1.4 billion to acquire a North American electrical components firm, funding the purchase through a combination of debt and a sub...
Read Full Article →Trump tariffs: How Big Beautiful Bill could have bigger impact on sport
The proposed tariff legislation, despite legal challenges, is creating economic uncertainty globally, yet valuations within the sports sector appear to remain largely unaffected am...
Read Full Article →House prices dip in May after stamp duty change
The recent data indicates a modest decline in UK property values during May, reflecting reduced market momentum after the conclusion of previous tax incentives aimed at encouraging...
Read Full Article →What is fiscal drag and how you can avoid it?
Fiscal drag refers to the increase in income tax payments resulting from unchanged tax brackets despite rising earnings, potentially affecting millions by 2029 unless proactive fin...
Read Full Article →A Wise storm has rocked the London Stock Exchange’s fintech dream
The decision by a major fintech company to prioritize a US listing over London has raised concerns about the prospects for revitalizing the UK’s financial technology sector and cap...
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