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| 03-08-2025 |
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Welcome to the weekly international news from Stockmark.IT - covering the news that affecting international financial markets.
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Gold demand surges as record prices and market volatility spur investment
Gold has been breaking records throughout 2025, with a significant increase in demand driven by market volatility and concerns over the global economic outlook. The World Gold Council, the authority on gold mining and investment, reported that the value of gold demand soared 45 per cent year-on-year in the second quarter to an unprecedented $132 […]
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Brookfield makes £24 billion bid for Just Group UK finance sector shakes up again
Brookfield Wealth Solutions has made headlines with a £2.4 billion cash offer for Just Group, the London-listed retirement specialist, signalling renewed momentum in overseas acquisitions of UK financial businesses. The Canadian investment powerhouse, through its insurance arm, has agreed a 220p per share bidârepresenting a notable 75 per cent premium on Just Groupâs closing share […]
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Investors shift from US shares revive London market optimism
Investors have begun cutting their exposure to American equities and are rediscovering appetite for the previously overlooked British market, according to the London Stock Exchange Group. Recent shifts in investment flows are reversing a decade-long trend which left London out of favour with global investors, particularly following the UKâs Brexit referendum in 2016 and years […]
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Microsoft Becomes Second Four Trillion Dollar Company After Azure AI Boom
Microsoft has achieved a remarkable milestone by surpassing a four trillion dollar market capitalisation marking it as only the second publicly traded company after Nvidia to reach this lofty valuation. The milestone was crossed as Microsoftâs shares surged by over five per cent to five hundred and thirty nine dollars and twenty two cents driving […]
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Dominance of Microsoft and Amazon Hinders Cloud Competition in the UK
The competition watchdog has raised significant concerns about the grip Microsoft and Amazon hold over the United Kingdomâs cloud computing market. According to a panel from the Competition and Markets Authority CMA the dominance of these American technology titans is distorting competition and impeding the growth of viable alternatives. The panel noted that both Microsoft […]
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Rolls Royce Shares Soar as Transformation Fuels Record Profits and Upbeat Guidance
Rolls-Royce has delivered yet another strong set of results, sending its shares to record highs after the British engineering giant raised annual profit guidance on the back of what chief executive Tufan Erginbilgic declared an âunmatchedâ growth trajectory within the FTSE 100. Underlying operating profits for the year are forecast to reach between £3.1 billion […]
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Universal credit data reveals surge in non UK claimants and new welfare pressures
Fresh figures have revealed that over one million foreign citizens are now receiving universal credit in Britain, highlighting intensified debates on the future of the welfare system and the effectiveness of current policies. With a total of 7.9 million individuals now claiming universal credit, the details show that 3.6 million have no requirement to look […]
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Just 900 on Top Sickness Benefits Seek Work Support Amid Concerns Over Welfare Reform
Recent government figures reveal just 900 individuals receiving the highest level of incapacity benefits joined a voluntary employment coaching scheme last month, prompting renewed debate over welfare reform and employment support for those out of work due to ill health. Since 2022, only 14,000 people within the Limited Capability for Work or Work Related Activity […]
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North Sea Gas Shutdown Drives UK to Record Imports as Windfall Taxes Bite
The United Kingdom faces a surge in gas imports after a sharp decline in North Sea production triggered by Energy Secretary Ed Milibandâs policies. Official government data published this week reveal imports of gas soared by 20 per cent between January and March as North Sea output suffered a nearly seven per cent fall in […]
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Neuralink Brain Chip Trials Begin in UK as Musk Targets Business of Mind Control
British patients are preparing for a technological leap as Elon Muskâs Neuralink begins its maiden clinical trials in the United Kingdom. With approvals from UK medical regulators now secured, the collaboration between Neuralink, University College London Hospitals, and Newcastle upon Tyne Hospitals Trust marks a pivotal step in commercialising braincomputer interface technology on British soil. […]
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Alzheimers patients can extend cognitive health for years with breakthrough drugs
Alzheimers patients can extend cognitive health for years with breakthrough drugs ||| Groundbreaking trial results have revealed that radical new treatments can effectively stall the progression of Alzheimerâs disease for up to four years, offering unprecedented hope to patients and investors focused on healthcare innovation. The latest study follows the trajectory of 478 patients using […]
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Unilever ice cream sales climb as demerger nears completion
Unileverâs soon to be independent ice cream business registered robust growth in the first half of the year, driven by strong demand for brands such as Magnum, Ben and Jerrys, and Cornetto. The companyâs ice cream division posted a 5.9 per cent growth in underlying sales, outpacing the broader group and reinforcing investor interest ahead […]
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Retailers Warn of Higher Prices and Job Cuts Amid Tax and Cost Pressures in the UK Economy
Britainâs leading retailers have cautioned that further tax rises in the upcoming autumn budget may force shops to increase prices, deepening the pressure on household finances and threatening more job losses. Chains such as Iceland, Poundland, and New Look have already announced widespread store closures, reflecting mounting concerns from the retail industry over escalating operating […]
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Next Sales Surge Powered by Sunny Weather and MS Outage as Forecasts Raised for Second Half Growth
Next has reported a sharp rise in full-price sales for the thirteen weeks to 26 July, attributing its success to unseasonably warm weather and a disruptive cyber-attack at its major competitor, Marks & Spencer. Full-price sales grew by 10.5% compared to the same period last year, beating guidance by £49 million and coming in well […]
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Microsoft Surges Past Expectations As AI Investment Soars
Microsoft has cemented its position as a powerhouse in the technology sector, capturing Wall Streetâs attention with its impressive foray into artificial intelligence and a robust financial performance. The Redmondbased company has reported fiscal fourthquarter results that surpassed analystsâ forecasts, continuing a streak of outperformance that has spanned five consecutive quarters. Shares in Microsoft are […]
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Labour unveils crackdown on late payments to protect small businesses and boost economy
Labour has signalled a robust approach to late payment practices, with new government measures set to impose severe penalties on firms delaying payments to suppliers. Jonathan Reynolds, the business secretary, revealed the scale of the problem, with late payments costing the UK economy an estimated £11bn annually and contributing to the closure of up to […]
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Stellantis braces for substantial loss amid US tariffs and leadership changes
Stellantis, the automotive giant behind such marques as Peugeot, Jeep, Chrysler and Fiat, is confronting a tumultuous period following the announcement of a â¬2.3 billion net loss for the first half of 2025. Fresh US tariffs on imported vehicles are expected to deliver a further â¬1.5 billion blow to the companyâs financial results, compounding an […]
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Procter and Gamble braces for volatile year as US tariffs hit profits and sales growth forecast
Procter & Gamble, the globeâs largest consumer goods company, has issued a cautious outlook for the year ahead, despite delivering a modest rise in quarterly sales that outpaced analystsâ expectations. The firm, renowned for brands such as Gillette, Pampers and Head & Shoulders, reported that net sales in the fourth quarter lifted 2 per cent […]
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Greggs plots steady expansion despite profit dip and volatile weather
Greggs chief executive Roisin Currie has stressed the companyâs ambitions to expand beyond 3000 UK stores, despite a significant fall in pre-tax profit and the impact of unpredictable weather on consumer behaviour. The well-known high street baker, currently operating 2649 outlets, faces analyst concerns that domestic growth may be approaching its natural limits. However, Currie […]
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AstraZeneca quarterly results soar on cancer drug sales and US growth
AstraZeneca has reported record second quarter revenues, propelled by robust oncology sales and expansion in the United States, surpassing City expectations. The pharmaceutical companyâs total revenue rose by 11 per cent to $14.5 billion, ahead of analyst consensus forecasts of $14.2 billion, as its broad and diverse portfolio of medicines continued to deliver strong growth. […]
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Bank of England Governor Moves to Block Political Interference in Revolut Banking Bid
The relationship between the UK government and the Bank of England has taken a fresh turn as Governor Andrew Bailey stepped in to block a planned meeting between Chancellor Rachel Reeves, fintech giant Revolut, and the Prudential Regulation Authority. The meeting, intended to discuss Revolutâs ambitions to launch a banking business in Britain, was reportedly […]
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Promising New Alzheimer Drug Raises Hope After Impressive Trial Results
A breakthrough in the battle against Alzheimerâs disease may be on the horizon after promising trial results revealed the potential of an innovative drug developed by Roche. Trontinemab has delivered impressive outcomes in early-stage clinical testing, giving new hope to both patients and investors monitoring the healthcare sector. In the phase two trial, 49 out […]
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North Sea Oil Tax Row Trumps UK Political Debate
President Trump has sharply rebuked the UK government over its tax regime for North Sea oil, declaring the resource a âtreasure chestâ and warning high taxes threaten its economic potential. During the final day of a private visit to Scotland, the US president highlighted what he called excessively high levies that discourage investment from drillers […]
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IMF upgrades UK economic growth as tariffs threat recedes
The International Monetary Fund has given a boost to the United Kingdomâs economic outlook, upgrading growth forecasts for both 2025 and 2026. Despite lingering concerns over global trade tensions, the IMF revised Britain’s GDP growth estimate for 2025 from 1.1 per cent to 1.2 per cent, with the projection for 2026 remaining steady at 1.4 […]
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Removing Treasuries from Bank Balance Sheet Calculations Could Unleash Financial Risk
US government debt known as Treasuries is seen as a foundation of the global financial system with almost $900 billion of bonds exchanged daily in a market approaching $30 trillion in value The Trump administration is now proposing a radical overhaul allowing Americaâs largest banks to exempt Treasuries from balance sheet risk calculations a move […]
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AstraZeneca signals American pivot with £37bn US investment amid London listing concerns
AstraZenecas chief executive has described the pharmaceutical giant as a very American company following rising speculation about a potential shift of its main stock market listing from London to New York. Speaking from New York after publishing the companys half year results Sir Pascal Soriot highlighted Americas pivotal role and AstraZenecas deep roots in the […]
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Barclays boss warns Reeves over business tax risks for UK growth
The chief executive of Barclays has cautioned Chancellor Rachel Reeves against increasing taxes on British businesses, arguing that such measures could undermine ambitions to boost the UK’s economic growth. CS Venkatakrishnan delivered a pointed warning that any moves to raise taxes for major banks and other vital growth sectors like pharmaceuticals and biotech could put […]
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Bank of England under pressure as IMF calls for more rate cuts amid economic uncertainty
The International Monetary Fund has urged the Bank of England to deliver two additional interest rate cuts this year in a bid to stimulate Britain’s faltering economy. As it stands, rates have already dropped twice in 2025, landing at 4.25 percent. Despite these moves, the IMF has highlighted persistent vulnerabilities, attributing a sense of economic […]
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Aeroflot hit by mass flight cancellations after suspected cyber attack by pro Ukraine hackers
Dozens of Aeroflot flights departing Moscowâs Sheremetyevo airport were abruptly cancelled on Monday, leaving scores of holidaymakers stranded and raising pressing questions about the security of Russiaâs aviation infrastructure. The disruption coincided with the height of the summer holiday season in Russia and caused significant frustration among travellers, many of whom took to social media […]
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Tesla and Samsung agree $16.5 billion artificial intelligence chip manufacturing deal in Texas
Tesla has secured a significant £12.3bn partnership with Samsung to manufacture its forthcoming generation of artificial intelligence (AI) chips at the Korean firmâs new facility near Austin, Texas. This landmark agreement, valued at $16.5bn, marks a pivotal step for both companies and cements Texas as a major hub for high-tech innovation. Announced in a regulatory […]
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Wealth Tax Urged as Top Economists Back Progressive Reform for UK Budget
Britain stands at a potential turning point in its approach to wealth and fairness. A group of leading economists, including renowned French authority on inequality Thomas Piketty and Indian development economist Jayati Ghosh, have called on Prime Minister Keir Starmer and Chancellor Rachel Reeves to lay the groundwork for a new wealth tax. Their open […]
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Dark Day for Europe as Trump Tariffs Triple in EU-US Trade Deal
The European Union has come under intense criticism from within its own ranks following the announcement of a new US-EU trade arrangement, described by French Prime Minister François Bayrou as a “dark day” for the bloc. The agreement, initiated in a high-stakes summit at Donald Trump’s Scottish golf resort, will see tariffs on European exports […]
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UK Economy Sees Short Term Lift Amid Trump Tariff Turmoil
Britainâs economy has received an unexpected boost in the early months of 2025 following US President Trumpâs sweeping tariffs imposed on nearly every international trading partner. The EY Item Club has revised its GDP growth projection for the UK to 1 per cent this year, up from the earlier estimate of 0.8 per cent, attributing […]
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STV Shares Slump as Advertising Revenue Drops and Projects Stalled
Shares in STV Group plummeted to a twelve year low after the Scottish media company warned that revenue and adjusted operating profit for the year would be significantly below market forecasts. The company, which operates the Channel 3 television licence in Scotland and runs the digital STV Player and STV Studios production arm, released an […]
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Lip balm boom as Brits turn to lipstick effect during economic squeeze
New figures are revealing the resurgence of the so-called lipstick effect, as Britons embrace modest luxuries in the face of continued financial pressure. The latest data from market analysts Circana show sales in the UK prestige lip product sector climbed 16 per cent year-on-year to £80.4 million in the six months to the end of […]
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Great British Railways risks repeating costly mistakes as competition stalls
Concerns are mounting that the governmentâs state-owned railway framework, Great British Railways, is heading down the same route as the former British Rail. A newly published report by the Centre for Policy Studies warns that without decisive action to foster competition and unlock additional income streams, the system could mirror the inefficiencies of the past. […]
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UK Debt Doom Loop Ray Dalio Urges Investors To Pivot To Gold And Bitcoin
Ray Dalio, the billionaire founder of Bridgewater Associates, has sounded the alarm on Britain’s mounting debt, warning that the country has entered a âdebt doom loopâ. Dalioâs comments come as concern grows over the UKâs soaring borrowing and the complacency he perceives in the government bond markets. In Dalio’s view, investors should act swiftly to […]
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British Businesses Face Collapse as Financial Turmoil Mounts
Almost 50000 British companies are teetering on the edge as higher taxes and global economic instability intensify pressure across the economy Begbies Traynorâs latest Red Flag Alert report shows the number of businesses in critical financial distress has surged by just over a fifth during the second quarter of the year compared to the same […]
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Transatlantic tariff tensions persist as EU US trade deal brings mixed results
The European Union’s newly forged trade agreement with the United States has been met with reserved optimism by industry leaders across the continent. The deal introduces a flat 15 per cent tariff on most European exports to America, down from the previously threatened rate of 30 per cent, staving off the immediate prospect of a […]
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The costs and politics of digital ID cards in the UK
Britainâs debate over national ID cards is resurfacing, driven by new political and economic realities. Two decades ago, Tony Blairâs government attempted to roll out ID cards, but public resistance and sharp concerns over privacy and cost doomed the plan. The original scheme, proposed shortly after the 9/11 attacks, centred on security and fraud prevention, […]
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The genius act how Trump triggered a stablecoin gold rush
Financial deregulation is making a notable comeback. In the persistent hunt for stronger economic growth, even Chancellor Rachel Reeves appears to be warming to the idea. In a recent Mansion House speech, she labelled excessive regulation a boot on the neck of business, stifling the innovation necessary for prosperity. Observing Andrew Bailey, Governor of the […]
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Britain and France enter dangerous territory with mounting debts and looming fiscal crises
Last weekâs public sector borrowing figures for the UK made for stark reading. June recorded a staggering £20.7 billion in borrowing, far overshooting both the Office for Budget Responsibilityâs forecast and market expectations. Of that sum, a remarkable £16.4 billion was spent purely on interest payments for previous debts. Borrowing just to service older borrowings […]
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Whats Next For Channel 5 As Paramount And Skydance Deal Triggers Uncertainty
Amid corporate intrigue and shifting ownership, the future of Channel 5 hangs in the balance as Paramount edges closer to merging with Skydance. The deal, backed by billionaire Larry Ellison and RedBird private equity, has prompted speculation about whether the UK broadcaster will be sold off or might even play a role in acquiring bigger […]
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SEC plans could give London Stock Exchange a new lease of life
The US Securities and Exchange Commission (SEC) is exploring changes that could reshape the landscape for foreign companies listed in New York, potentially delivering a significant boost to the London Stock Exchange. Proposals under consideration would mean that foreign firms quoted in New York may soon be required to have a secondary listing elsewhere if […]
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Nurses set to reject pay deal as new wave of NHS strikes looms
Britainâs health service faces the prospect of further disruption as nurses are expected to overwhelmingly reject a 36 per cent pay rise offered by ministers. With the Royal College of Nursing (RCN) preparing to announce the outcome of its membersâ indicative vote, government officials have been urged to return to the negotiating table to avoid […]
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Private equity row as car tycoon Peter Waddell offered settlement in investment dispute
A fierce legal row has erupted between Big Motoring World founder Peter Waddell and private equity group Freshstream, with Waddell claiming he was ousted from his own business through what he describes as a targeted investigation. The dispute has also seen Freshstream table a settlement offer of â¬1.1 million in a separate but related clash […]
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Blue Gold Fallout Prestea Bogoso Mine Turmoil Hits Ghana Workers and UK Investors
In 2020, as gold prices soared, the Bogoso-Prestea mine in Ghana seemed ideally positioned for prosperity. London-based Blue International Holdings moved swiftly to purchase the gold mine for $95 million, touting both financial and wider societal benefits. With influential British political figures such as Lord Dannatt and Lord Triesman on the advisory board and Treasury […]
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Trump and von der Leyen agree landmark US-EU trade tariff deal ending trade war fears
Donald Trump and Ursula von der Leyen have resolved months of tense negotiation, announcing a pivotal trade agreement between the United States and the European Union. The deal, struck at Trumpâs Turnberry golf resort in Scotland, introduces a 15 per cent baseline tariff on the majority of EU exports to the US, damping down on […]
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Essex Train Service Returns to Public Ownership as Civil Servants Move to Rail Operator
The East Essex commuter line C2C has officially returned to public hands, marking a significant step in the ongoing nationalisation of British rail services. This transition comes shortly after the South Western network was brought under public control and signals the government’s renewed effort to consolidate and reform the railways under the state-owned operator. In […]
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UK and India Trade Pact Marks Historic Economic Shift as Starmer and Modi Seal Agreement
The United Kingdom and India have entered a new era of economic partnership following the signing of a landmark free trade agreement by Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi. The deal, described by both leaders as a âhistoric dayâ, signals a major step-change in bilateral relations and is projected to boost […]
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EU Steel Industry Reels as Trump Tariff Remains Despite Outline Trade Deal with US
The hopes of European steel producers for immediate tariff relief were dashed as the latest draft trade agreement between the European Union and the United States left Donald Trumpâs 50 per cent steel import levy untouched. This stands as a critical setback for one of the continentâs industrial backbones, already beleaguered by soaring energy prices […]
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Britain and Australia Agree Twenty Billion Pound Deal for Nuclear Submarines as Aukus Future Faces US Scepticism
Britain and Australia have reached a pivotal agreement to construct nuclear-powered submarines worth £20 billion, marking a significant investment in defence infrastructure and reinforcing their commitment to shared security interests. The landmark deal arrives amid ongoing doubts from members of the US administration over the future of the Aukus partnership, the trilateral security pact with […]
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Record Number of UK Farms Close After Labour Cuts Inheritance Tax Relief
A record number of British agricultural businesses have shuttered operations in the past year following the governmentâs decision to reduce inheritance tax relief for farming families. Data from the Office for National Statistics reveals that 6365 agriculture forestry and fishing enterprises closed in the last twelve months â the highest figure reported since quarterly records […]
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Lloyds Warns Chancellor Over Bank Tax Amid Surprise Profit Rise
Lloyds Banking Group has sounded an alarm to the Chancellor regarding potential increases in taxes on the banking industry, as speculation swirls about government plans to fill a significant gap in the public finances. The group, which stands as the UKâs largest domestic lender, cautioned that further levies could damage the City of Londonâs international […]
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Blackstone Beats Profit Expectations and Signals Renewed Optimism in US Dealmaking
Blackstone has surpassed forecasts for its second-quarter profits, highlighting a resurgence in confidence across United States financial markets and a sharp revival in corporate deal activity. Following a notable slowdown that coincided with former President Trumpâs trade tariffs and global trade war, the asset manager’s president, Jonathan Gray, remarked that âsentiment had now improvedâ as […]
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ITV launches further cost cuts as advertising revenue declines
ITV has announced an accelerated programme of cost-cutting measures following a marked drop in profits, attributed to the failure to replicate last yearâs advertising revenue boost provided by the menâs Euros football tournament. The UKâs largest free to air broadcaster said it will implement an additional £15 million in savings this year, on top of […]
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LVMH fashion sales slump as luxury faces decline in global demand
LVMH, the worldâs largest luxury group, has reported a steep downturn in its core fashion and leather goods division, providing a fresh signal that even affluent consumers are scaling back spending as global uncertainty persists. The division, which houses iconic brands such as Louis Vuitton, Dior, and Givenchy, endured a 9 per cent fall in […]
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Intel beats sales forecasts as new boss sharpens turnaround plan
Intel has delivered a positive surprise for investors, surpassing Wall Streetâs sales forecasts in its latest quarterly update. The chipmaker, headquartered in Santa Clara, California, posted revenues for the second quarter of $12.9 billion. This matches the same period a year ago but came in ahead of analyst estimates of $11.9 billion. Intel has also […]
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UK Consumer Confidence Falters as Tax Rise Fears Grow
British consumer confidence faltered this July amid mounting expectations that Rachel Reeves may introduce further tax increases in the coming autumn budget. The widely monitored GfK consumer confidence index declined by one point, reversing the slight progress recorded over the previous two months. Now standing at minus nineteen, the gauge remains well below its long-term […]
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River Island faces rent cuts and store closures as restructuring looms
River Island, the high street retailer founded by the Lewis family in 1948 as Chelsea Girl, is set to implement sweeping rent cuts and close a number of stores amid fierce competition and rising pressures from online rivals such as Shein. The move comes after the company failed to renegotiate more favourable rent and lease […]
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Doctors Strike Puts NHS at Critical Risk Warns Starmer as Labour Faces Political Test
The looming five day walkout by junior doctors threatens to push the NHS into crisis as hospitals brace for the mass cancellation of operations and critical strain on medical services. Sir Keir Starmer has made a direct plea to resident doctors urging them not to heed the call for industrial action by the British Medical […]
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Poor Savings Returns and High Inflation Erode Value of British Cash Over Five Years
British savers have witnessed their money’s purchasing power decline significantly over the past five years, with inflation and low interest rates combining to erode approximately 11 pence from every pound saved. Financial analytics firm Moneyfacts revealed that the average savings account has suffered an 11% reduction in real-term value since 2020. The firm advocates for […]
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UK Shoppers Switch to Basic Meals as Annual Grocery Bills Set to Rise by £275 Pounds
British consumers are increasingly adopting simpler meal preparation strategies at home as soaring food prices threaten to add £275 to annual household grocery expenses, according to recent research findings. The shift in consumer behaviour comes as grocery inflation reached 5.2% in July, up from 4.7% in June, marking the highest level since January 2024. Research […]
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US Japan Trade Deal Brings Mixed Fortunes for Global Auto Industry
The United States has signed a landmark trade agreement with Japan, reducing tariffs on Japanese exports to the US from 25% to 15%. The deal, whilst higher than the current 10% levy, represents a significant diplomatic breakthrough in US-Japanese trade relations. President Trump announced via Truth Social that Japan would invest £550 billion in the […]
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UK Property Market Forecasts Slashed as Market Sentiment Weakens
Leading property experts have dramatically reduced their house price growth forecasts for 2025, reflecting mounting concerns over global political tensions and potential tax increases. Estate agency giant Savills has cut its projected growth from 4 per cent to just 1 per cent, whilst property portal Rightmove has halved its forecast to 2 per cent. The […]
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EV Grant Uncertainty Creates Compliance Headwinds for UK Car Manufacturers
The automobile industry faces mounting challenges as confusion surrounding the electric car grant scheme potentially threatens manufacturers’ ability to meet the government’s electric vehicle mandate requirements this year. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), has expressed serious concerns about the lack of transparency regarding model eligibility for the […]
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Alphabet Smashes Revenue Forecasts as AI Investment Drives Growth
Google’s parent company Alphabet has exceeded market expectations in the second quarter, generating total revenues of £96.4 billion, marking a 14 per cent increase year-on-year against Wall Street predictions of £94 billion. The tech giant’s impressive performance saw net income surge 19 per cent to £28.2 billion, surpassing analyst forecasts of £26.6 billion. Earnings per […]
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Tesla Share Price Tumbles as Musk Warns of Challenging Times Ahead
Tesla’s share price dropped 4% in after-hours trading as Chief Executive Elon Musk cautioned investors about potential “rough quarters” ahead. The electric vehicle manufacturer reported its most significant quarterly revenue decline in over a decade, falling short of Wall Street’s projections amidst weakening demand. The company’s revenue for the second quarter declined 12% to $22.5 […]
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Marathon fusion claims mercury to gold breakthrough
The tantalising prospect of transforming base metals into gold has captivated thinkers throughout history from ancient Egyptians to Sir Isaac Newton. Now, a Silicon Valley start-up, Marathon Fusion, asserts it has finally unlocked this age-old enigma using advanced nuclear fusion technology. Marathon Fusion’s innovative approach involves bombarding mercury isotopes with high-energy neutrons, a by-product of […]
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General Motors earnings plummet amid trade headwinds
General Motors has reported a significant decline in earnings, with its profits falling by a third due to a hefty £1.1 billion impact from tariffs. The carmaker’s core profit for the second quarter dropped 32 per cent to £3 billion as it grapples with ongoing fallout from trade policies imposed by the Trump administration. The […]
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Brewdog Closes Ten Bars in UK Following Strategic Review
Brewdog has announced the closure of ten of its bars across the United Kingdom, including its flagship location in Aberdeen. The company, renowned for its craft beers, cited commercial viability as the primary reason behind this decision. The Gallowgate bar, which opened in 2010, was Brewdog’s first establishment and has been a key part of […]
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Compass Group Acquires Dutch Catering Company Vermaat for £1.3 Billion
The worldâs largest catering group, Compass Group, has solidified its position in the European market by announcing its acquisition of Vermaat, a Dutch rival, for â¬1.5 billion (£1.3 billion). This strategic move aims to bolster Compass’s premium offerings across the continent and expand further into key markets. Vermaat, established in 1978, operates over 700 outlets […]
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Macfarlanes Achieves Record Partner Earnings Amidst Economic Challenges
Macfarlanes, the prestigious City law firm, has made headlines by surpassing the £3 million barrier for average partner pay, as revealed in their latest financial report. This remarkable achievement comes at a time when many firms are grappling with economic uncertainties and rising operational costs. The firm has reported a substantial increase in turnover, with […]
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Sizewell C Nuclear Plant Cost Soars to £38 Billion Pounds
A new nuclear power plant at Sizewell C in Suffolk is set to commence construction, now estimated to cost £38 billion. This figure represents a significant increase from earlier cost projections, which placed it at around £20 billion as recently as 2020. The government has assured that this project will play a pivotal role in […]
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Mike Lynch faces bankruptcy in landmark courtcase
Mike Lynch, a prominent figure in the technology sector, is on the brink of having his estate completely depleted following a High Court ruling that demands a payment exceeding £700 million to Hewlett Packard Enterprise (HPE). This case stands as one of the largest corporate fraud disputes in British legal history, arising from allegations that […]
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Government Borrowing Surges in June as Fiscal Pressures Mount
The UK government’s borrowing increased dramatically in June, reaching £20.7 billion. This figure surpassed analysts’ expectations, which had estimated a borrowing of £17.5 billion. The Office for National Statistics (ONS) reported that this rise in borrowing has significant implications for the upcoming autumn budget. The June deficit, the difference between tax revenue and government spending, […]
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Doctors strike set for July 2025
The impending strike by resident doctors in the NHS is set to take place from 7am on Friday 25 July to 7am on Wednesday 30 July 2025. This strike follows ongoing disputes between the British Medical Association (BMA) and the government regarding pay discrepancies, particularly in the context of rising living costs. The BMA is […]
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Rachel Reeves faces challenges in UK’s economic policy
Chancellor Rachel Reeves is under mounting pressure as she navigates a complex economic landscape. Her recent remarks have ignited debates surrounding potential tax increases and the looming threat of capital flight if a wealth tax is implemented. Experts are wary of the implications this could have on businesses and the broader economy. Warnings from the […]
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AstraZeneca plans £50 billion investment in US by 2030
AstraZeneca has announced an ambitious plan to invest £50 billion in the United States by the end of the decade. This significant move is expected to bolster the companyâs manufacturing and research capabilities, particularly in the biopharmaceutical sector. The announcement follows increasing pressure from the US administration for pharmaceutical companies to relocate manufacturing and investments […]
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Lindsey Oil Refinery to Close as No Buyer Found for Prax Site
The Lindsey oil refinery in Lincolnshire is set to shut its doors after administrators failed to secure a viable buyer, placing 625 jobs in jeopardy and creating ripples across the UKâs energy industry. Staff were notified by email that the attempted sale, initiated after the business entered administration in June, did not result in a […]
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E scooter rental firms urge clarity as UK trials extended to 2028
The UK government has once again postponed a decision on permanent legislation for e-scooter rentals, granting an extension to the national trial period until May 2028. Operators such as Voi and Lime have welcomed the temporary reprieve but emphasised that official legislation is crucial, as the prolonged uncertainty undermines investment and integration into city transport […]
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London Stock Exchange Considers Round The Clock Trading To Bolster Market Competitiveness
The London Stock Exchange Group is actively weighing the introduction of 24 hour trading to enhance the United Kingdomâs standing as a premier destination for investors. This possible shift comes at a time when Britainâs main stock market operator faces mounting pressure to modernise its framework and curb the ongoing migration of high profile companies […]
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Wise Founders in Public Feud Over Controversial Two Tier Share Plan and US Listing Move
A high profile dispute has erupted at Wise the cross border payments group formerly known as Transferwise as co founders Kristo Kaarmann and Taavet Hinrikus exchange accusations over a contentious plan to extend the companys dual share structure and relocate its main market listing to New York. The fallout follows a period of mounting tension […]
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The new middle class tax revolt why frozen tax thresholds and looming raids on pensions and savings are changing how we live and work
Hundreds of thousands of British savers are undergoing a radical shift in how they earn and spend their money, and the driving force is tax. As income tax thresholds remain frozen and new tax changes are anticipated, fiscal drag is affecting more people than ever. Working hours are being cut, promotions turned down, pensions given […]
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Assura shareholders resist private equity as valuations and rents rise
Assura the NHS landlord at the centre of a lengthy bidding war has reported strong annual results that strengthen shareholder resolve to resist a buyout by private equity. The FTSE 250 company owns 603 doctors surgeries medical centres and hospitals throughout the United Kingdom and has found itself weighing a cash offer from American firm […]
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UK Government Revives Pensions Commission Amid Fears For Retirement Incomes
The government is set to resurrect the pensions commission to investigate the looming crisis in retirement incomes, with as many as 15 million people in Britain currently under-saving for their later years. The initiative reflects urgent concerns that future generations of retirees may face significantly reduced private pension incomes unless decisive action is taken. Past […]
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Mony Group growth dampened as cheaper car insurance premiums curb switching activity
Mony Group, formerly known as Moneysupermarketcom, has reported sluggish revenue growth as falling car insurance premiums lead to a downturn in consumer switching. Over the first half of the year, the FTSE 250 price comparison specialist saw annual revenue growth slow to just 1 percent, totalling £225 million, compared to 5 percent this time last […]
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Abbott Lyon plots UK store openings as Trump tariffs halt US growth plans
An online jewellery brand championed by television personalities Stacey Solomon and Olivia Attwood is preparing to open its first physical shops in Britain as it puts US expansion on hold in response to President Trump’s tariff regime. Abbott Lyon, renowned for its personalised rings, necklaces and earrings, intends to launch stores in Birmingham, Cardiff, Liverpool […]
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Oxford Nanopore shares soar on robust first half sales growth
Shares in Oxford Nanopore surged as the FTSE 250 gene-sequencing specialist reported stronger than expected sales for the first half of 2025. The company expects to post revenues of around £105 million for the six months to the end of June, marking a 28 per cent increase at constant currencies and surpassing City predictions. This […]
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Rental Fraud on the Rise Facebook and Gumtree Scams Prey on Desperate Tenants
Searching for affordable rental accommodation has never been more challenging, with rents climbing steadily across the UK. In London, tenants now pay nearly £1,000 for the smallest of spaces, pushing many to look outside traditional channels for a place to call home. Unfortunately, this desperation is now being exploited by a new wave of rental […]
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EU Steps Up Crackdown On Shein And Temu Over Product Safety Concerns And Unfair Competition
Concerns are mounting within the European Union over the safety and compliance of products sold by online Chinese retail giants Shein and Temu. Michael McGrath, the EU justice commissioner, has expressed shock at the level of toxicity and danger found in some products, following a recent investigation that included a secret shopper initiative across the […]
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Superbugs set to inflict catastrophic global economic losses by 2050
Superbugs could cause a dramatic surge in global deaths and inflict economic losses nearing $2 trillion each year by 2050, new research reveals. Projections from a UK government-backed study, led by the Center for Global Development thinktank, indicate that antimicrobial resistance (AMR) could suppress global GDP by $1.7 trillion annually over the next quarter-century if […]
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NHS Faces Record Breaking £27 Billion Liability Over Maternity Failings in England
The National Health Service is confronting an unprecedented financial crisis, as liabilities for maternity errors in England have surged to an estimated £27.4 billion since 2019. The dramatic rise in costs is linked to a series of scandals and the growing number of legal claims from families impacted by the deaths or serious injuries of […]
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Crypto Regulation in the US Trumps Big Bang Moment for Digital Currency Adoption
The digital currency sector in the United States is experiencing what many are calling its âBig Bangâ moment, spurred on by a flurry of legislative reforms and a decisive shift in regulatory approach under President Donald Trump. With the value of bitcoin soaring to a new high of $123000 and the total cryptocurrency market capitalisation […]
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Business Rates Hike Set To Add To Food Inflation As Retailers Warn Of Price Surge
The Chancellor, Rachel Reeves, is facing fresh pressure from industry leaders as forecasts indicate a planned business rates increase for large retailers could drive food prices even higher in the run up to Christmas. Helen Dickinson, chief executive of the British Retail Consortium (BRC), cautioned that the proposed rise will come at the âworst possible […]
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Britain set to extend youth mobility scheme for young Europeans
European youngsters may soon be permitted to stay in the United Kingdom for more than a year, as the government considers a new reciprocal youth mobility scheme with the European Union. This move would mean young Europeans coming to Britain under the scheme would be included in official immigration figures, since anyone residing in the […]
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The rise of podcasts as the new television phenomenon
Gary Linekerâs podcast, The Rest is Football, set a significant new benchmark in the media landscape when it acquired rights to broadcast FIFA Club World Cup highlights. This bold move signals the transformation of podcasts from an audio-only format into a multimedia powerhouse. According to Tony Pastor, co-founder of Goalhanger with Lineker, the programmeâs reach […]
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Britains School Absence Crisis Threatens Economic Future
School absences in England have soared to unprecedented levels since the pandemic, with worrying implications for the future of both the nationâs workforce and its economy. In Bradford, the transformation at Hanson Academy epitomises the challenges and possible solutions facing the education system. When Sam Sheedy became headteacher in 2023, he inherited a school notorious […]
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Bitcoin Windfall Beckons For Chancellor Reeves As UK Police Set To Sell Seized Crypto Assets
Chancellor Rachel Reeves stands on the cusp of an unexpected financial boon as UK authorities prepare to liquidate a vast trove of seized cryptocurrency â with estimates suggesting a potential value upwards of £5 billion. Amid pledges to plug a substantial gap in public finances, the Home Office is collaborating with police forces to sell […]
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John Lewis Set to Reinstate Iconic Staff Bonus After Retail Turnaround
John Lewis is preparing to reinstate its celebrated staff bonus for the first time in four years, following a notable upturn in financial performance. The renowned mutual retailer, which counts 69000 employees across its operations, is now considering a bonus payout after internal figures showed a sharp improvement in trading at flagship stores. According to […]
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