Farmers have warned that if environmental standards are tightened for British farmers, but food imported from countries with lower standards is imported, eco-friendly foods will become an expensive luxury. Steve Barclay announced, at the Oxford Farming Conference, on Thursday that the government will consult on a labeling scheme that will identify food produced according to […]

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Next increased its profit expectations for the year, after selling £38m in excess of what was expected in the lead-up to Christmas. However, the company warned that problems in the Red Sea may delay deliveries and affect sales in the coming year. Fashion and homeware retailer said that full-priced sales had increased dramatically in the […]

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UN warns that a prolonged period of low economic growth will hinder progress in sustainable development. It urges countries to increase investment to combat the climate crisis. The annual report on the state of global economics presents a somber outlook for growth, as countries struggle with higher borrowing costs and geopolitical tensions. The World Economic […]

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JD Sports has lost more than £1.8bn in value after issuing a profit warning. The fashion retailer cited the mild weather conditions and heavy discounts as the reasons for the decline. The shares of the retail group, Go Outdoors, Blacks, Millets and Size, have fallen by 23%. Shares in the retail group, which owns Go […]

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Mortgage costs will rise by £19bn as millions of fixed-rate mortgages expire. Borrowers are also forced to renegotiate home loans following the most severe round of interest rate hikes in decades. Goldman Sachs economists say that despite the recent price wars between lenders, many UK homeowners will still see a significant increase in their repayments […]

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Tui, Europe’s largest tour operator has dealt another blow to London’s shrinking equity markets after recommending that its UK listing be cancelled next month. Anglo-German Travel Group, which has reported revenues of €20.7bn by 2023 and is listed both in London and Frankfurt at a valuation €3.5bn, announced on Thursday that, following investor pressure, they […]

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The Dutch flower-growing sector has asked for the planned introduction of new border checks post-Brexit to be deferred until 2025. They cited “significant concerns” regarding the industry’s readiness for these changes. From the end of January onwards, the UK government will introduce new requirements regarding paperwork for EU businesses sending animal and plants products to […]

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In response to budgetary pressures, housing associations in England cut their spending plans on new affordable homes for 2024. This could worsen the acute shortage of social houses in the UK. According to Centrus, an adviser who works with housing associations, plans drawn up last summer cut investment by 9 percent, or £1.5bn. Funding for […]

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Citigroup will launch an investment banking division in China to further its involvement in China’s financial markets, even though rivals are becoming more cautious in the country. A person familiar with the matter said that the large US bank plans to launch its wholly-owned China-based unit before the end of this year. Citi would be […]

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Next, the popular UK retailer, is set to achieve its raised profit guidance despite wider economic concerns within the retail sector, according to analysts at Shore Cap. In a research note, the bank highlighted Next's positive outlook on the UK consumer environment, which it described as "more benign" but with significant uncertainties.

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Ryanair says it has seen a decline in the number tickets it is able to sell since major online booking sites removed the budget airline’s flights. In early December, the largest online travel agents, including Booking.com and Kiwi, “suddenly removed Ryanair flights from their websites”. According to the airline, while bookings on these sites only […]

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HSBC is the latest major UK lender to cut mortgage rates across the board. Leading names have announced reductions up to 1 percentage point. Banks announced new mortgage deals on Wednesday, including a five-year fixed rate of 3.94% for those borrowing up 60% of their property’s value. HSBC will offer a two-year fixed rate of […]

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According to the Royal Mint, investors flocked in record numbers to gold in 2023 due to global economic turmoil that triggered a flight for safety. The number of people purchasing gold bars and coins has increased by 7pc in the last year, exceeding the peak of the lockdown investment boom of 2020. The British coin […]

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BYD’s growing popularity has renewed concerns about China’s auto dominance Berkeley Street in Mayfair is a haven for car enthusiasts. It’s lined with showrooms that display Ferraris, Bentleys, and McLarens through giant windows. A lesser-known brand is located half way down the street, opposite the Rolls Royce store. The Chinese automaker BYD has opened a […]

The post Elon Musk’s Chinese competitor toppled Tesla, and now it’s coming to Britain appeared first on Stockmark.IT.

Eurostar was reprimanded by regulators for “misleading’ adverts, after they found that only a small percentage of tickets were sold at the promised £39. , the train company, urged customers to “treat themselves to a European getaway starting at just £39 per way” in advertisements sent by email. The Advertising Standards Authority (ASA), however, said […]

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Disney has gained the support of activist hedge funds despite attempts to prevent billionaire investor Nelson Peltz from joining its Board of Directors . ValueAct Capital is a San Francisco based hedge fund that will be supporting the US entertainment giant’s board nominations at its spring annual shareholder meeting. Blackwells Capital, an activist investor, announced […]

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The UK’s net-zero goals have suffered a serious setback as the nuclear power production in Britain has fallen to its lowest levels since 1982. According to data released by the Government and EDF, the permanent closure of Hinkley Point B and extended outages at other sites led to a fall in nuclear power production from […]

The post The UK is facing a cold snap that has lowered nuclear power production to its lowest level since the 1980s appeared first on Stockmark.IT.

The price of oil has risen dramatically after Iran refused to stop supporting attacks by Houthi Rebels on vessels in Red Sea, and sent one warship along the main trading route. Brent crude climbed $1.73 or more than 2.4% to $78.77 per barrel in the first trading day of the year on Tuesday. US West […]

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According to Fidelity Mutual Fund, the social media platform X lost 71% of its worth since it was purchased by Elon Musk. Fidelity has marked down its share value by 71.5%, according to a disclosure obtained from Axios. Musk purchased Twitter in October 2022, and renamed it X in July of 2023. Fidelity estimates the […]

The post Since Musk’s purchase and renaming of Twitter, the value of X has dropped 71%. appeared first on Stockmark.IT.

A survey by economists found that UK voters would enjoy higher wages, but struggle to pay their mortgages and rents ahead of the next general election. The cost of living crisis will give way to a “grey gloom” as the cost-of-living crisis is relegated to the background. The majority of 90 economists who responded to […]

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HSBC will launch a payment app in the UK, which will offer foreign exchange at a low price to consumers. The global lender is looking to compete against digital rivals like Revolut and Wise. The UK-based Bank on Tuesday announced that it will launch a multicurrency app named Zing and a debit card. This will […]

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Almost one-quarter of UK buy now, pay later users have been charged late repayment fees, with younger consumers hit hardest, according to research that points to how people have turned to the unregulated form of credit to cope with rising living costs. BNPL products allow shoppers to pay for clothes and food delivery shops, for […]

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Wall Street stocks began the year with a tech-driven hangover, after the rally which ended in 2023 became cautious. Tech stocks had their worst day for more than two month. The Nasdaq Composite ended the day down by 1.6 percent, its lowest performance since October 26, while blue-chip S&P 500 closed at 0.6 percent — […]

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The weekend saw a dispute over a record £2bn payment of dividends to the owners and shareholders of Three, the telecoms company. It was claimed that this huge payout was proof that the company was profiteering. The Unite union claimed that the dividends paid to the Hong Kong listed conglomerate owned by billionaire Li Ka […]

The post Three’s £2bn payout to shareholders sparks a row over Vodafone merger appeared first on Stockmark.IT.

The regulator increased its price cap to reflect the rise in gas prices on the global market. This change will take effect on 1 January 2024, which means that average households will begin the year with an increase of 5% in their energy bills. We are committed to providing quality journalism that is free. You […]

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Video-game, TV, and film producers in the UK will receive more generous tax incentives from Monday. This comes after industry warned that the UK could lose out on animation and special effects. The government announced that all companies will receive a greater tax break under the revamped system. They also said they would have more […]

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The world’s five largest listed oil companies are expected to reward their investors with record payouts of more than $100bn (£79bn) for 2023 against a backdrop of growing public outrage at fossil fuel profits. The five “super-majors” – BP, Shell, Chevron, ExxonMobil and TotalEnergies – showered shareholders with dividend payments and share buybacks worth $104bn […]

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According to data from the European Health Agency, more than one billion dollars of Pfizer Covid-19 antiviral medications procured by Pfizer in Europe were wasted because strict controls on who could receive the medication led to millions of doses being unused prior their expiration date. Paxlovid, which is designed to be administered to patients soon […]

The post Data shows that expired Pfizer Covid antiviral medications will cost Europe $2.2bn. appeared first on Stockmark.IT.

As part of landmark tax reforms, big multinational companies will be subjected to a global tax minimum for the first ever on Monday. The aim is to generate an extra $220 billion in revenue annually. Nearly three years after 140 nations struck an agreement to close the most glaring gaps in the international system some […]

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In the beginning of this new year, investors in Rolls-Royce who have not had much to cheer about in the past are now in a good mood. The Stoxx 600, Europe’s biggest listed companies, will see the FTSE Engineer’s share price rise by 224 percent to 299.7p in 2023, its best performance since 1987 when […]

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Apple will face a legal reckoning by 2024. A series of regulatory decisions made by US and EU authorities in the next few months will determine the future for its $85bn services business. Apple’s biggest blow could be a US antitrust case against Google. It was revealed that Google had paid over $26bn to Apple […]

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This year, hundreds of large US office buildings will be unable to refinance their debts due to the current interest rate. According to the Mortgage Bankers Association, there are $117bn in commercial loans that are tied to offices and will need to be paid back or refinanced by 2024. Many of these were taken out […]

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Gold mining holds a deep historical significance in Victoria, dating back to the mid-19th century. The discovery of gold in this region sparked one of the largest gold rushes in history, attracting prospectors from around the world. This pivotal moment not only transformed Victoria into a bustling hub but also contributed significantly to the state's economy and global recognition.

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The government’s plan to pay producers and retailers for in-store and household collections will allow British households to benefit from better routes for recycling electronic products from 2026. In a published consultation on Thursday, the Department for Environment, Food and Rural Affairs said that consumers could have their electrical waste (ewaste) – from cables to […]

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The Treasury has refused to extend the supervision arrangements beyond this year. Under the so-called State Aid rules, which were in place when the UK was a member state of the European Union at the time, RBS gave money to smaller challengers banks to develop their services for businesses customers in an attempt to promote […]

The post Treasury ends oversight of £425m scheme for banks to help them after RBS bailout appeared first on Stockmark.IT.

In 2024, the world’s biggest traditional entertainment companies will have to face the consequences of losing $5bn from streaming services built by them in order to compete with Netflix. Disney, Warner Bros Discovery Comcast, and Paramount – US entertainment conglomerates which have grown ever larger over the past decades – are under pressure to sell […]

The post Netflix’s streaming rivals have suffered a $5 billion loss, causing a’shakeout’ appeared first on Stockmark.IT.

In a small room at the Golborne Medical Centre in one of Britain’s poorest areas, doctors and nurses crowded together to test out a brand new stethoscope. This instrument is similar to those used in clinics, which haven’t been updated for over 200 years. The difference is that this one uses artificial Intelligence in order […]

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Nine-tenths (90%) of the foreign capital that was expected to flow into China’s stock exchange in 2023 is already gone, due to growing doubts over Beijing’s commitment to taking serious measures to boost the economy. According to calculations based upon data from Hong Kong Stock Connect’s trading scheme, since August when net foreign investment peaked […]

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By the end of 2023, private UK investors are expected to have pulled the largest amount of money in over two decades from London listed equities as the cost-of-living crisis continues to bite. This will further compound a flight away from the local market. According to the latest Investment Association data, British retail investors sold […]

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UK pharmacy operators have reacted angrily to a probe conducted by HM Revenue & Customs on their use of locum pharmacies. They warn that a “retrospective attempt” by the tax agency, in order to recover cash, could lead high street stores to close. HMRC is investigating the pharmacy business for many years to determine if […]

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The New York Times is the first major US news organization to sue OpenAI over its artificial intelligence chatbots. The tech companies are accused of taking a “free ride” on millions articles in order to create the revolutionary technology. The newspaper wants unspecified billions in damages from both companies for “profit[ing]” from massive copyright violations, […]

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A leading Brexiter has criticised Rishi Sunak’s government after it announced quietly that it would not be legislating in order to expand the UK’s use of imperial measure. After it was revealed that only a small fraction of British consumers and businesses wanted to see imperial units play a larger role, the decision to abandon […]

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The UK chancellor Jeremy Hunt announced that the Spring Budget 2024 will take place on 6 March, leaving the door open for a potential early general election to be held in May. Hunt will announce tax cuts before the budget. He hopes this will create a division with Labour, and signal to them that Britain […]

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Apple has resumed sales of its Watch Series 9 & Ultra 2 in the US after an appeals tribunal halted the ban imposed by a trade court. This is the latest development in a patent dispute with health technology company Masimo. Apple pulled its latest watch models from its physical and online stores in the […]

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Due to the increasing geopolitical tensions, such as the conflict in Ukraine, the order books of world’s largest defence companies have reached near-record highs. They have grown by over 10 percent in only two years. The analysis found that the combined order backlog of 15 major defence contractors, including Britain’s BAE Systems, South Korea’s Hanwha […]

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Royal Mail plans to introduce parcel lockers, which will enable people to collect their online orders from anywhere in the UK. The company is racing to keep up with competitors such as Amazon. Nick Landon told reporters that the chief commercial officer of the former state-owned company was “actively” working on the installation of lockers […]

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Apple is banned from selling Watch Series 9 and Watch Ultra 2 to the US market after the administration of President Joe Biden refused to grant an exemption from the decision by a trade tribunal that Apple had violated a patent owned by another company. Apple announced on Tuesday that they had appealed the previous […]

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In 2023, global banks will have eliminated over 60,000 jobs. This is one of the most significant years of cuts since the financial crises. They also reversed a large portion of their hiring after the Covid-19 pandemic. Investment Banks have suffered a second year of falling fees due to a lack of dealmaking, and a […]

The post In one of the worst years since the financial crisis, banks shed 60,000 positions. appeared first on Stockmark.IT.

The EU is working on a plan to provide Ukraine with a financial back-up of up to 20 billion euros, using a debt-structure that will allow it avoid Viktor Orban’s objections about funding this war-torn nation. Officials are looking for alternative solutions to prevent Kyiv’s budget crisis from worsening if EU leaders cannot resolve their […]

The post EU prepares €20bn Plan B to Fund Ukraine appeared first on Stockmark.IT.

Are things improving at Heathrow?In the next year, we may see a new era begin: a new owner, a new CEO and an end to Covid’s slump. The London airport now believes that 2024 will see record passenger numbers. Aviation has a history of proving forecasters wrong. Heathrow’s shareholders and bosses would have surely looked […]

The post Heathrow boss must be quick on his feet to keep up with new investors who are looking for returns appeared first on Stockmark.IT.

Few bosses, even in the age of executive salaries that are astronomical, would turn down an additional €100m. Fewer billionaires are often seen carrying cardboard props in the small elevator of a London hotel before a press event. Michael O’Leary of Ryanair, who will soon receive a megabonus, has given off the impression that he […]

The post Michael O’Leary, Ryanair’s Michael: ‘There’s not enough cooking oil on the planet to power a day of green aviation’ appeared first on Stockmark.IT.

Boxing Day footfall has increased slightly, but is still well below the pre-pandemic level. Several high street chains have remained closed. Retailers are bracing themselves for a weak Christmas season as the UK economy stagnates due to the cost of living crisis. According to preliminary data provided by MRI Software, a retailer data company, at […]

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The FAANGs were once the five biggest US tech stocks dominating the investment landscape. These included Facebook (now Meta), Amazon (now Alphabet), Apple (now Netflix), and Google (now Alphabet). This picture is no longer relevant. Instead, say hello to the Magnificent Seven (or Super Seven) – Microsoft, Tesla and Nvidia. Four of the seven are […]

The post What is the stock market story for 2023? What is the future of US technology? appeared first on Stockmark.IT.

The interview reports a groundbreaking discovery with ECR Minerals as they unveil a significant gold vein at our Creswick project. With a dedicated team, led by Technical Director Adam Jones, has expertly navigated the Davy Road prospect, revealing promising results and marking an exciting milestone for the company.

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Syntara's $10M capital raise is propelling its drug development strategy into a new era.

In this exclusive interview, CEO Gary Phillips unveils the transformative steps taken by Syntara Ltd, from its rebranding efforts to the strategic deployment of funds.

The post Syntara’s $10M Raise: Fueling Drug Development appeared first on Stockmark.IT.

Embark on an insightful journey with CUFI CEO Mark Hancock as he unveils the company's strategic roadmap for the anticipated North Dam Lithium and ReDrilled program scheduled for March 2024.

The post CUFI on Track: Lithium and Rare Earth Drilling 2024 appeared first on Stockmark.IT.

Barclays reached an agreement to remain in its Canary Wharf HQ until at least 2039. This is a major boost for London’s Docklands Financial Centre after other high profile tenants chose to move elsewhere. The bank has extended its lease for its 32-storey One Churchill Place tower, where it has been based since 2005, by […]

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Allen & Overy, a magic circle law firm, has developed a tool for artificial intelligence-based contract negotiations. This technology threatens to disrupt traditional legal practices. The UK-based group, in partnership Microsoft and legal AI startup Harvey, developed the service that draws on existing templates of contracts, such non-disclosure agreement and merger and purchase terms, to […]

The post Allen & Overy launches AI-based contract negotiation tool to challenge the legal industry appeared first on Stockmark.IT.

After losing a major legal battle before the Court of Appeal, partners at billionaire Michael Platt’s investment firm BlueCrest Capital will be liable for income taxes on a pay system dating back to 2008. The court in London ruled that the plan of the UK-based group to retain employees through so-called “special capital” should be […]

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Harbour Energy, listed in the UK, has signed a $11.2bn agreement to purchase Wintershall Dea’s oil and natural gas assets. The deal was backed by German investment firm LetterOne and Russian oligarchs Mikhail Fridman Petr Aven. Harbour Energy had a value in the market of just under $2bn prior to the announcement. It would now […]

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BlackRock’s push to diversify into alternative investments has led it to talk with Warburg Pincus. The world’s biggest money manager is looking for a deal that will transform the $27tn industry of private funds. Five people who were briefed about the talks say that BlackRock and Warburg Pincus began discussing a strategic partnership almost two […]

The post BlackRock’s ambitions in private equity revealed by failed Warburg Pincus negotiations appeared first on Stockmark.IT.

Jeremy Hunt, UK chancellor, will sign a financial service deal with Switzerland on Thursday. He claims that it will facilitate business between wealthy individuals and financial firms in both markets. The UK-Swiss agreement is based on mutual recognition of regulatory regimes. It is designed to strengthen the City of London after Brexit. Hunt will claim […]

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After a slump following the pandemic, console sales have recovered this year thanks to the resurgence of Sony’s PlayStation and its strong lineup of blockbuster titles. Sony announced on Wednesday that it has sold 50mn PlayStation 5s, almost as fast as its previous generation. The company overcame long-standing supply issues to outsell Microsoft Xbox by […]

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UK inflation slowed sharply in November to 3.9 per cent, triggering a slide in the pound, a stock market rally and increased expectations of an interest-rate cut early next year. Wednesday’s number was well below the 4.4 per cent year-on-year increase in consumer prices predicted by economists in a Reuters poll, as inflation was tugged […]

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The UK and US tighten rules on the shipping of Russian crude oil to make it more difficult for Moscow to avoid the so-called “price cap”, a policy designed to squeeze the Kremlin’s revenue. According to rules published Wednesday, companies involved in shipping Russian crude must prepare new documentation to prove that each voyage has […]

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As part of an agreement to gradually overhaul the budget framework of the EU, EU finance ministers have given in to German demands for strict debt-reduction regulations. After months of haggling the package grants EU member states more independence in negotiating debt and deficit plans, but only if they adhere to strict spending limits set […]

The post EU Ministers Agree on Tough Debt Reduction Rules appeared first on Stockmark.IT.

On Tuesday, Arm’s chief executive and owner met with Jeremy Hunt at Downing Street. At the same time, regulators announced reforms that could encourage Arm to have a secondary listing in London. On Tuesday, Rene Haas and Masayoshi son, the heads of SoftBank’s majority shareholder, Cambridge Microchip, were spotted leaving Number 11. The Financial Conduct […]

The post Softbank and Arm Chiefs Meet Hunt as City Reforms Open Door to Secondary Listing in London appeared first on Stockmark.IT.

After ministers in Edinburgh tried to cut back on public services while funding a council tax freeze, they decided to tax higher earners in Scotland. Shona Robertson, Scotland’s Finance Secretary, announced that a new, “advanced”, 45p tax bracket would be introduced to all those who earn above £75,000 and the top income tax rate for […]

The post In Scotland, higher earners will be charged a higher tax rate to protect public services appeared first on Stockmark.IT.

After Denmark reversed decades-old foreign policy and became the last country in the region in which to sign an agreement on defence cooperation with Washington, the US will now be able base troops and equipment in Denmark permanently. The full-scale Russian invasion of Ukraine in 2014 prompted Sweden, Finland, and Denmark to all sign similar […]

The post Denmark joins Sweden and Finland to sign US Defence Deal appeared first on Stockmark.IT.

Blue Whale Capital, a fund group founded by billionaire Peter Hargreaves and co-founded with him, reported a decline in revenue as well as profit after the sharp sell-off of tech stocks in the last year. The Blue Whale Growth Fund strategy invests in US technology businesses, fast-growing companies and other high-growth companies. The fund’s performance […]

The post Peter Hargreaves Blue Whale’s profits drop on tech bets appeared first on Stockmark.IT.

The UK government announced a final £3.3bn offer to Northern Ireland on February 2nd and informed the largest unionist party, “Now is the time to decide” on the return to Stormont executive. The package of emergency financing was nearly a third more than the original £2.5bn that was presented last week. This was rejected as […]

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Signa Holding has entered into negotiations to sell the half of New York’s Chrysler Building in order to raise urgent cash, according to the administrator of Signa Holding, a collapsed European real estate company. He warned that a long and painful financial wind-down was ahead. The creditors of the Austrian firm, founded by the young, […]

The post Signa sells Chrysler Building in desperate effort to raise money appeared first on Stockmark.IT.

On Tuesday, container shipowners abandoned one of the busiest trade routes in the world. Many of the largest cargo ships diverted to avoid the Red Sea due to the increasing attacks by Iranian-backed rebels. AP Moller Maersk, the second largest container shipping company in the world, has become the latest to reroute their vessels around […]

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The British Museum signed a sponsorship deal worth £50mn with BP despite the vocal opposition of environmental activists. The agreement announced Tuesday is expected to help fund an estimated £1bn in modernisation for one of Britain’s most popular cultural institutes over the next decade. It also extends the partnership that began with the oil group […]

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One of the largest active bond fund managers in the world has warned that there is a high risk for a severe economic downturn to occur next year. Daniel Ivascyn said that Pimco’s chief investment officer, Daniel Ivascyn has placed larger bets than usual on UK Government Bonds in comparison to US government bonds, anticipating […]

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After EU regulators determined that three of the largest pornography websites in the world fell under the scope of an important law designed to police online content, they will now be subjected to new regulations including more stringent requirements for age verification. Three people with knowledge of the decision say that Xvideos Pornhub, and Stripchat […]

The post New EU law to police content online catches leading porn sites appeared first on Stockmark.IT.

Octopus Energy raised $800m from its shareholders, valuing the company at almost $8bn. This comes just weeks after Octopus Energy became Britain’s largest power supplier. Existing investors such as Tokyo Gas of Japan and Al Gore’s Generation Investment Management have invested extra money in the utility company, whose value has risen by 60% since the […]

The post Octopus Energy raises $800m to create green jobs in the UK appeared first on Stockmark.IT.

Transport for London warned Monday of a funding shortage after only receiving half the grant they had requested from the central government in order to keep the capital’s transport network operating next year. The £250mn bailout is the latest in the series of bailouts provided by the UK Government to help TfL recover after the […]

The post London’s Transport Authority warns of a funding shortfall despite securing £250mn appeared first on Stockmark.IT.

BP is the first major oil company to halt all shipments via the Red Sea. The company mentioned a worsening situation because of the increasing attacks by Yemeni rebels on ships using a route that manages about 10% of worldwide trade. Brent crude, which is the benchmark for international oil prices, rose by 1.8% to […]

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According to a senior official, the Bank of England will have to wait until it is more certain that the UK labour market has stabilized before it can confidently conclude that inflation is falling and lower interest rates. Ben Broadbent said that the inconsistent and volatile data made it difficult to determine how quickly wages […]

The post Bank of England is waiting for clarity on wage growth to reduce interest rates, according to deputy governor appeared first on Stockmark.IT.

As borrowing costs increase and governments remove pandemic-era support measures for businesses worth trillions, corporate bankruptcies in advanced economies are rising at double-digit rate. Following a decade of decline the number of US bankruptcy rates in Germany, the EU’s largest economy, rose by 25 percent from January to Septembre compared to the same period last […]

The post High rates of bankruptcy and the end of Covid assistance hit businesses hard appeared first on Stockmark.IT.

BlackRock was sued on Monday by the US state Tennessee. The lawsuit accused the $9.1 trillion New York-based asset management firm of violating consumer laws by ignoring environmental, social, and governance factors when developing its investment strategy. The suit filed by Tennessee Attorney-General Jonathan Skrmetti in state court alleged that BlackRock was inconsistent in its […]

The post BlackRock sued by Tennessee for ESG strategies appeared first on Stockmark.IT.

Nippon Steel agreed to purchase US Steel for $14.9bn, its largest acquisition ever. The Japanese group is targeting the American market through this deal. The fourth-largest steelmaker in the world by production announced on Monday it would offer $55 per share for Pittsburgh-based US Steel. US Steel shares surged 26.1% to close at 49.59 dollars. […]

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Adobe abandoned its $20bn proposed acquisition of Figma’s product design software, claiming that there was no “clear path” to obtain necessary regulatory approvals from UK and EU watchdogs. The deal was investigated by both UK and EU competition authorities due to fears that it would suppress competition and innovation on the markets for product design, […]

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The Pentagon convinced over seven allies in the Red Sea to join a stronger naval task force due to more attacks on commercial ships by Iran-backed militants, resulting in higher oil prices. Lloyd Austin, US Defence Secretary, announced Operation Prosperity Guardian just hours after UK supermajor BP announced it would stop all shipments through the […]

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Apple will cease selling smartwatches in its own US stores by Christmas, after losing a case of patent infringement. This is a major blow to the company during the holiday season. Sales of Apple Watch Series 9 and Ultra 2 will be stopped in the US on December 21 online and after December 24 in […]

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Vice chancellors nationwide have long warned of a growing financial crisis in universities.The dire warnings have now become reality. Coventry University will reduce funding by £95m over the next two years due to an £85m budget shortfall. The University of Sheffield Hallam has invited 1,700 members of its academic staff to apply for voluntary dismissal. […]

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Rolls-Royce has begun talks with Ukraine’s largest private power company about building a series of mini-nuclear power plants. DTEK, a part of Rinat Akhmetov’s industrial group and a billionaire businessman, has had early discussions with Rolls regarding developing Small Modular Reactors at sites that are currently operated by coal-fired power stations. Maxim Timchenko said that […]

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Lloyd’s of London and its landlord Ping An have agreed to remain at their One Lime St headquarters until 2035 at least, as a sign of commitment to the in-person trading in the City’s Insurance District. The Friday deal gives Lloyd’s – an insurance marketplace for brokers to get coverage from individual syndicates on a […]

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The UK’s top regulator of financial services has ruled out extending its temporary post Brexit licensing regime past the end of the year. It also pledged to finish work on 116 cases that are still outstanding within the next two weeks. The Financial Conduct Authority (FCA) announced in 2018 the “temporary permits regime”, which offered […]

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The post-Brexit farm subsidy scheme is not better than the previous EU model and big landowners still receive unfair advantages. Minette Batters, the NFU president who will step down in February, has criticized the post- EU Brexit agriculture policy. This policy is overseen by seven different environmental secretaries, since the UK left the EU in […]

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Ryanair CEO Michael O’Leary will receive a €100mn Bonus due to the low-cost carrier’s shares reaching a new record. The shares rose to €18.99, which brings their gains for the past year to over 50%. This highlights Ryanair as the most valuable airline of Europe. According to a bonus plan agreed upon in 2019, O’Leary […]

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The recent rally on global bond markets has dispelled investors’ long-held belief that interest rates will continue to rise in the US, and other countries. For the first time in August, the benchmark yield on the 10-year US Treasury, which is used as a proxy to represent borrowing costs throughout the world, dropped below 4 […]

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The UK has approved its first spaceport for vertical launch rockets in the northernmost part of the Shetland islands. The Civil Aviation Authority (CAA) has granted a licence to SaxaVord Spaceport, located on the small island Unst. This will allow its first launch in 2024. The regulator confirmed that the privately-owned spaceport met all safety […]

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Deal complaints are on the rise due to rising interest rates and cost of living. Complaints about auto finance deals have doubled in the past year due to drivers having difficulty paying their monthly bills. Abby Thomas, the chief ombudsman for financial disputes, said that she was “increasingly receiving complaints from people who are worried […]

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Campaigners warn that stricter rules are required to ensure that imported “used” palm oil is not virgin palm oil. Airlines hope that this oil will help them power cleaner flights. Despite increasing demand in aviation, about 80% of the waste oil imported is used to produce biofuels. Around 60% of these imports are from China. […]

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A plan to use hydrogen to heat homes in a village in North-East England has been canceled after months of opposition. Insufficient hydrogen production in the area will prevent the government from implementing the “hydrogen villages” in Redcar, which was expected to begin in 2025. The decision ends months of protests against the scheme. Locals […]

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Net zero would shrink Britain’s economy by £60bn and cause the global economy to be $3.6 trillion (£2.8 trillion) smaller, according to the Organisation for Economic Cooperation and Development. Eliminating coal and reducing reliance on oil and gas will slightly decrease global GDP growth in the next few years, according to economists from the Paris-based […]

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Demand for home espresso machines has increased due to the rising cost of coffee taken away. Alex Baldock said that shoppers are increasingly making their own coffee at home due to higher prices in chains. He said: “Many customers say that the £3.75 flat-whiteis not something they are up for this year. “They want to […]

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Opec+ controls only half of the global oil production, as demand growth has slowed “dramatically” and US output is at new highs. According to the International Energy Agency, recent production cuts made to support the oil price have reduced Opec+’s market share to only 51 percent — the lowest level since the expanded cartel formed […]

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