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| 05-10-2025 |
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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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Estrella Damm Backs UK Authenticity with Major Brewery Investment
Demetrio Carceller Arce, the chairman and owner of Estrella Damm, is seeking to bring an authentic taste of Spain to British drinkers as the family business invests nearly â¬100 million in a new Bedford brewery. At 63, Carceller Arce oversees an empire valued at more than â¬2 billion, spanning brewing, food, oil and property. Branding […]
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Energy Standing Charges to Double for Small Businesses Across UK Hospitality Sector
Small businesses throughout the United Kingdom face a sharp rise in electricity standing charges as the costs of energy network upgrades and government discounts for heavy industry are shifted onto their shoulders. Hospitality operators, including pubs and restaurants, have voiced outrage at the near doubling of fixed daily fees which are set to take effect […]
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Surge in UK LongTerm Sickness Benefit Claims Sparks Fresh Welfare Reform Debate
Britain faces a sharp rise in people moving onto long-term sickness benefits, with five thousand claimants joining the system every working day. Recent analysis indicates incapacity claims have doubled since the Labour government took power. The uptick comes as ministers intensify discussions around the future of welfare amid growing concerns over rising costs. This year […]
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Wind farm developers face union pay deal requirements for green subsidies
Offshore wind farm developers in the UK could soon be obliged to strike pay agreements with trade unions to remain eligible for net zero subsidies, according to draft proposals now under discussion by Energy Secretary Ed Miliband. The suggested reforms form part of a wider initiative intended to strengthen workplace rights in the burgeoning green […]
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Billionaires Face European Wealth Tax Reckoning as Zucman Sparks Political Storm
Gabriel Zucman, the Paris School of Economics professor famously dubbed the âbillionaireâs nightmareâ, has ignited fierce debate across France and beyond with his audacious proposal for a new wealth tax. His plan would see individuals with a net worth exceeding â¬100 million subjected to a 2 percent annual levyâa policy aimed at recalibrating economic power […]
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Morrisons to Track Shelf Stackers as Pressure Mounts on Supermarket Chain
Morrisons is set to introduce a real-time tracking app to monitor the efficiency of store staff in an urgent attempt to revitalise its market position. The supermarket, under the leadership of chief executive Rami Baitiéh, plans to supply hundreds of store managers with a tool that measures how swiftly employees are stacking shelves and highlights […]
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China Linked Hacking Threats to UK Businesses Spark Cybersecurity Alert
The UKâs leading companies are facing heightened cyber risks as officials at the National Cyber Security Centre (NCSC) have issued new warnings regarding vulnerabilities in widely used Cisco firewall devices. Concerns have been raised over Chinese state-sponsored hackers potentially targeting corporate networks, escalating fears across Britainâs public and private sectors. According to the NCSC, phishing […]
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Jamie Oliver sees profits fall despite revenue growth as annual payout drops
Jamie Oliver, the renowned British chef and television personality, has reported another fall in profits at his principal company, Jamie Oliver Holdings, despite a rise in annual revenues. Financial figures for 2024 reveal that revenues climbed 5 per cent to £28.6 million, up from £27.1 million the previous year. This marks Oliverâs highest revenue since […]
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Hargreaves Lansdown pays out £119 million in dividends since delisting in major private equity takeover
Hargreaves Lansdown, the Bristol-based wealth manager, has distributed £119 million in dividends to its new private equity owners in the six months following its high-profile delisting from the London Stock Exchange. The company, which oversees a record-breaking £172.7 billion of client assets, was acquired in a £5.4 billion deal earlier this year by a consortium […]
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AstraZeneca tilts towards New York with dual London presence at risk
The Prime Minister recently convened with Sir Pascal Soriot, the chief executive of AstraZeneca, at Downing Street to discuss the governmentâs efforts to bolster UK capital markets. This meeting came days before the FTSE 100 pharmaceutical giant unveiled plans for a direct listing on the New York Stock Exchange, marking a significant shift towards the […]
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London IPOs Signal Turnaround as FTSE Hits Record Highs and Market Confidence Returns
Londonâs capital markets are showing long-awaited signs of revitalisation, with two significant flotations indicating renewed confidence and activity after a period of stagnation. The Italian-owned Princes Group, renowned for its tinned tuna and Napolina pasta products, has officially confirmed plans to float on the main market of the London Stock Exchange, targeting a valuation near […]
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Labour Faces Budget Crisis As Reeves Corners Herself With Tax Dilemma
The latest assessment from the Office for Budget Responsibility (OBR) has thrust Chancellor Rachel Reeves and the Labour government into an unenviable fiscal position. With the OBR downgrading its forecasts due to a decade of slow productivity growth, Reeves finds herself confronting a significant budget deficit and an eye-watering funding gap some economists estimate to […]
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Saudi Arabia secures seat at top table of global gaming sector with record EA buyout
At a dazzling ceremony this past summer, Saudi esports giants Team Falcons were handed the Esports World Cup trophy by Crown Prince Mohammed bin Salman in Riyadh. The event, which attracted an astonishing three million visitors to the Saudi capital, underscores the Kingdomâs ambitions to position itself as the epicentre of the global gaming industry. […]
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Brewdog sells Scottish forest as business faces mounting losses and rewilding group steps in
Brewdog has sold the £8.8 million Kinrara Estate, a Scottish forest the company acquired only five years ago, marking a pivotal shift in its financial and environmental ambitions. The Aberdeen-based brewery originally purchased the former grouse moor in 2020, touting plans to create the largest forest in Scotland and significantly bolster its net zero credentials. […]
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Frasers Group and Unite Union Clash Over Warehouse Pay Amid Strike Threats
Industrial tensions have erupted at Frasers Group as the retailerâs chairman, Sir Jonathan Thompson, issued a stern warning to union bosses in the wake of an escalating dispute over warehouse staff pay. The group, owned by Mike Ashley, faces potential strike action after Unite, the trade union, pushed for wages to meet the real living […]
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Princes Group set for £1.5 billion pound London listing in boost for city markets
Princes Group, best known for brands such as Branston baked beans and Napolina olive oil, has announced its intention to pursue a £1.5bn listing on the London Stock Exchange. The move is poised to provide a much-needed lift to the Capital’s subdued initial public offering market, which has struggled in recent years. The food giant, […]
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Wetherspoons warns chancellor business tax rises risk fuelling UK inflation
Britainâs hospitality sector faces renewed inflationary pressures as JD Wetherspoons chairman Sir Tim Martin issued a stark warning to the Chancellor regarding proposals for further business tax rises. Sir Tim contended that recent increases in employer taxes and environmental levies would unavoidably stoke costs, warning these changes are now “umbilically linked” to persistent inflation across […]
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Britain edges closer to a cashless society as debit cards dominate payments in 2024
Britain is making rapid strides towards a cashless society, with the use of coins and banknotes reaching a historic low last year. According to new data from UK Finance, just nine per cent of all payments in 2024 were made using physical cash. This marks a notable decline from twelve per cent in 2023 and […]
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Autumn budget 2025 pressure mounts on Rachel Reeves as tax rises loom for Britain
The spotlight is set to fall on Chancellor Rachel Reeves as she delivers the autumn budget on 26 November 2025, a pivotal moment for fiscal policy in the United Kingdom. The government faces formidable challenges, with public borrowing reaching £18 billion in August, the highest in five years, and a deficit outstripping expectations by £11.4 […]
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Shawbrook Poised for Landmark London Stock Market Return
Confidence in Londonâs stock market received a welcome boost with news that Shawbrook, the specialist lender based in Essex, is close to announcing a long-awaited initial public offering. With a potential valuation of up to £2 billion, the listing on the London Stock Exchange would mark the end of years of speculation about Shawbrookâs future […]
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Labour can raise £45bn without breaking its manifesto pledges says Morgan Stanley
The British government could raise up to £45 billion through moderate tax reforms without breaching Labourâs manifesto promises, according to a new analysis by investment bank Morgan Stanley. With Chancellor Rachel Reeves set to deliver her budget on 26 November, economists believe this fiscal boost would help close the UKâs budget hole without fuelling inflation […]
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Fermi stock debut highlights Wall Street enthusiasm but London remains cautious
Fermi, a new data centre real estate investment trust founded by Rick Perry, former US energy secretary, made an impressive mid-week debut on Nasdaq, yet London investors responded with hesitation. Shares opened in New York at $25, above the initial $21 guidance, closing at $32.53, marking a 55 per cent surge and securing $682.5 million […]
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Thames Water rescue plan hinges on creditor debt write off offer
Creditors seeking to take control of Thames Water have tabled a final rescue plan to regulators, proposing a £4 billion debt write off in exchange for more achievable environmental targets. The proposal arrives as the crisis gripping Britainâs largest private water utility stretches into its eighteenth month, following the withdrawal of its previous shareholders who […]
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OpenAI Surpasses SpaceX With Five Hundred Billion Pound Valuation
OpenAI has eclipsed Elon Muskâs SpaceX to become the most valuable start up in the world, according to a recent deal that now values the artificial intelligence pioneer at five hundred billion dollars. This milestone follows a significant secondary share sale that allowed current and former OpenAI workers to sell around six point six billion […]
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Tesla Smashes Sales Forecasts as UK Tax Credit Deadline Drives Surge
Tesla has exceeded analysts’ expectations for third-quarter sales, capitalising on a rush of electric vehicle (EV) purchases in the United States prior to the withdrawal of a popular tax break. The company reported deliveries of 497099 vehicles for the July to September period, marking a 74 percent increase year on year and significantly surpassing analyst […]
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Tesco boss warns Reeves against further tax rises as retailers fear impact of late budget
Ken Murphy, chief executive of Tesco, has delivered a direct appeal to Chancellor Rachel Reeves, urging her to refrain from further tax increases as concerns mount over the impact of the delayed autumn budget on the UKâs already beleaguered retail sector. Murphy stressed that retailers are still adjusting to significant additional operating costs from the […]
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Mirror Staff Strike Looms as Reach Cuts Jobs and Embraces AI
Journalists at The Mirror are preparing to take industrial action after linking an impending wave of redundancies to the publisherâs intensifying use of artificial intelligence. The National Union of Journalists (NUJ) has begun a ballot on strike action after Reach, the group behind The Mirror and Express, announced plans to axe 321 jobs, including 186 […]
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Denmark loses £1.4bn fraud battle against Sanjay Shah in UK High Court
Denmarkâs attempt to recover £1.4 billion from convicted fraudster Sanjay Shah has failed at the High Court in London, marking one of the most high-value legal defeats in recent British judicial history. The case centered on the Scandinavian nationâs claim that Shah, a British hedge fund trader, and his firm Solo Capital exploited a dividend […]
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Instagram Chief Dismisses Claims of Eavesdropping for Ad Targeting
The persistent rumour that Instagram listens to usersâ conversations to serve targeted adverts has been firmly denied by the head of the photo-sharing app. Adam Mosseri, the chief of Instagram, addressed the myth that the company uses smartphone microphones to eavesdrop for commercial gain, stating this practice would represent a âgross violation of privacyâ. Speculation […]
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Selfridges Future in Question as Sales Drop Amid Falling Foreign Visitor Numbers
The owner of Selfridges has issued a stark warning about the impact of declining numbers of wealthy foreigners shopping in London. Cambridge Retail Group CRG, which controls the renowned British luxury department store, reported a significant sales decline equating to a £130 million revenue hit. Turnover fell to £1.44 billion, down from £1.57 billion the […]
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Britains Fiscal Watchdog to Deliver Twenty Billion Blow to Reeves Autumn Budget
Britainâs independent fiscal watchdog is poised to deal a significant blow to Chancellor Rachel Reeves, with the Office for Budget Responsibility (OBR) expected to downgrade its forecasts by up to £20bn just ahead of the Autumn Budget. The move will heap pressure on Reeves as she prepares to unveil her tax and spending plans on […]
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Bibby Line profits surge as asylum seeker barge boosts marine division
Bibby Line, the family-owned business at the centre of fierce debate over the Bibby Stockholm asylum ship, has reported a surge in profits after its marine division rebounded sharply in the past year. The much-discussed Bibby Stockholm, controversially used to house asylum seekers off Portland in Dorset, proved to be a significant contributor to the […]
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Costa Coffee Set To Brew New Chapter As Bain Capital Bids In Landmark Sale
Bain Capital, the American private equity giant and owner of well known brands such as Gails and Pizza Express, has tabled a first round offer for Costa Coffee, setting the stage for a major shift in the global coffee landscape. The bid, reported to be in the range of £15 billion to £2 billion, comes […]
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Selfridges revenue falls as loss of tax free shopping hits tourist spending
Selfridges has attributed a notable decline in revenue to the repercussions of abolishing tax-free shopping for international visitors in Britain. The retailer, which operates flagship stores in London, Birmingham and Manchester, revealed that its UK business continues to grapple with a reduced influx of overseas tourists. This trend persists in the wake of the governmentâs […]
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Pharmaceutical Shares Surge As Trump Strikes Pfizer Pricing Deal
Billions of pounds were added to the market value of British and global pharmaceutical companies on Wednesday following a major relief rally prompted by the Trump administration’s latest stance on tariff and pricing policies for the sector. President Donald Trump has announced the launch of a new direct to consumer discounted drug website, TrumpRx, along […]
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Britain Pays a Billion to Switch Off Wind Farms This Year as Grid Struggles with Net Zero Ambitions
Energy billpayers in the United Kingdom have already footed a record £1 billion bill this year for switching off wind turbines, as the flaws in the nationâs drive toward net zero become exposed. On October 1, alone, Britainâs electricity operator was forced to pay wind farm operators £1.3 million in compensation for lost revenue after […]
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Greggs store expansion slows as cost pressures and sales falter
Greggs has scaled back its ambitious plans for new store openings this year as waning sales ignite concerns over a marked slowdown for the high street baker. The British chain, which had been expanding at a rapid clip, now aims to add just 120 new locations in 2025âtwenty fewer than previously targeted and below its […]
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Shoppers Brace For Price Hikes As Net Zero Tax Hits Supermarkets
Shoppers across the UK face an extra £1.6bn on their bills this year as supermarkets grapple with the introduction of a new net zero tax. Retail chiefs have warned that more than 80 per cent of the cost of the new recycling taxâtaking effect this weekâwill be passed directly on to consumers. This means basket […]
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UK House Prices Climb Despite Market Jitters and Budget Uncertainty
House prices across the UK rose more strongly than anticipated last month in spite of growing unease among buyers ahead of the upcoming Budget. The latest Nationwide house price index reveals that the average property value increased by 0.5 percent from August to September, climbing from £271079 to £271995. Market analysts had only projected a […]
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Oil Prices Forecast to Plunge Offering Welcome Relief for UK Motorists
Motorists across the United Kingdom are set to benefit from lower fuel costs in the coming year, as the price of oil is projected to fall to its lowest level in five years. Forecasts from investment giant Macquarie suggest Brent crude could drop from approximately 66 dollars per barrel to the mid 50s in 2026, […]
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French Wealth Tax Debate Threatens Political Upheaval and Fiscal Policy Shift
The French political landscape is being reshaped by a fierce debate over a proposed wealth tax that has captured the nation’s imagination and could destabilise its current government. Prime Minister Sébastien Lecornu, newly appointed and still settling into office, finds himself under pressure not only from political rivals but also from the resurgent influence of […]
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Crypto Treasury Boom Sparks Wild Market Ride as Investors Face Fresh Turmoil
The start of last week was anything but calm for cryptocurrency traders, who awoke to sharp price drops in Bitcoin and Ether that wiped out an estimated $1.5bn from the market overnight. Amid frenzied speculation, the cause of the downturn was traced not to economic news, but to the dramatic riseâand abrupt coolingâof digital asset […]
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Apple Faces Renewed Pressure from Home Office over IPhone Encryption in UK
The ongoing battle between Apple and the British Government over the privacy of usersâ data has intensified, as the Home Office has issued a renewed demand for backdoor access to iPhones and the iCloud service within the United Kingdom. This latest move from the Home Office orders Apple to break the end-to-end encryption protocols that […]
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Starmer Sets Out Stricter Migration Policies To Reshape Asylum And Settlement Rights
The UKâs approach to migration and asylum is entering a new phase as Prime Minister Sir Keir Starmer announces significant reforms designed to tighten settlement rights and address rising pressures surrounding the UKâs status as a hub for asylum seekers. At the heart of these changes is a decisive move to end the automatic right […]
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US Investment Fuels Growth in British Tech Startup Fund
A fund focused on supporting British software startup founders has drawn significant interest from American investors just two years after its inception. Concept Ventures, the early-stage venture capital fund, has secured £65.5 million for its second fund, making it the largest dedicated early-stage fund of its kind in Europe. The overwhelming majority of this latest […]
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Shop Price Inflation Climbs as Non Food Costs Surge in September 2025
The pace of shop price inflation accelerated during September, driven primarily by increased costs for non-food items such as DIY and gardening products, according to new data from the British Retail Consortium and NielsenIQ. The survey, published on Tuesday, shows a year-on-year shop price inflation rate of 1.4 percent, a notable rise from the 0.9 […]
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UK Households Increase Savings Dampening Hopes for Economic Growth
UK households have stepped up their savings in the second quarter of 2025, a trend that has raised concerns among economists and policymakers regarding the outlook for economic growth. According to the Office for National Statistics, the household savings rate climbed from 10.5 per cent to 10.7 per cent between April and June, reversing the […]
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ASOS shares fall as core customer challenge hits profits and outlook
Shares in ASOS fell 48 per cent yesterday following a profit warning by the online fashion giant, with management admitting its turnaround strategy has temporarily stalled amid shifting sector and consumer trends. At close, the stock was down 14p at 279p, extending year-to-date losses to more than 40 per cent and raising pressing questions about […]
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Aviva launches new default pension option shifting 25% to private markets
Aviva, one of Britainâs leading pension providers, is set to transform the investment landscape for workplace pension savers by introducing a new default option that will see a significant 25 per cent of pension pots allocated to private equity, infrastructure, property and private credit. This move marks a substantial increase from the current 10 per […]
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Serica Energy capitalises on Prax North Sea collapse
Serica Energy has taken strategic advantage of the downfall of Prax Group, securing a deal to acquire the companyâs North Sea assets in a move expected to bolster its standing in the sector. The AIM-listed oil and gas firm announced a $25.6 million agreement to buy Prax Upstream from administrators, following the collapse of the […]
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Shein faces OECD censure over human rights wages and environment
Shein, the Chinese fast-fashion giant, has come under renewed scrutiny after the Organisation for Economic Co-operation and Development criticised the company for failing to meet its international guidelines on corporate social responsibility. The Paris-based authority outlined that Shein does not comply with several key standards relating to workersâ rights, sustainable wages, and environmental impact. The […]
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Close Brothers Faces Fresh Losses Amid Car Loan Redress Crisis
Close Brothers has been dealt a significant blow as the bank announced an additional £33 million provision to reimburse customers for overpayments within its car loans division. This charge compounds a prior £165 million set aside for a wider motor finance scandal, with the cumulative impact pushing the London-based merchant bank into a £122.4 million […]
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Ovo Energy faces uncertain future after missing Ofgem resilience targets
Ovo Energy, the United Kingdom’s fourth-largest energy supplier, has issued a stark warning regarding its future viability following its failure to meet Ofgemâs updated financial resilience requirements. The company, which provides energy to approximately four million households, revealed that while it has agreed a capitalisation plan with the regulator, there remains significant uncertainty over the […]
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Boots poised for revival as Pessina and Sycamore prepare for market return
Stefano Pessina, renowned for building the Walgreens Boots Alliance empire, has set the stage for Boots to become a standalone company after the sale of WBA to US private equity group Sycamore Partners. Retaining a significant stake, Pessina and Sycamore chief Stefan Kaluzny have announced intentions to spin off Boots, with Pessina emphasising his familyâs […]
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City Watchdog Retreats on Consumer Duty Following Reeves’ Regulatory Push
The Financial Conduct Authority (FCA) has made a significant move to ease recently introduced consumer regulations after pressure from Chancellor Rachel Reeves to cut back on burdensome red tape. The watchdog, led by chief executive Nikhil Rathi, is set to relax elements of the consumer duty rules that first came into effect in 2023, a […]
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Babies may be born without biological mothers as scientists turn skin cells into eggs
Revolutionary advances in reproductive science may soon upend traditional assumptions about parenthood and fertility. In a landmark development, researchers in the United States have demonstrated the potential to create fully functional human eggs from skin cells, challenging the necessity of a biological mother in future fertility treatments. This innovation not only lays the groundwork for […]
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Labour Signals Shift on North Sea Oil Strategy Amid Industry Pressure and Energy Concerns
Labourâs stance on North Sea oil and gas extraction appears to be shifting, with Chancellor Rachel Reeves indicating a softer approach towards the much-criticised crackdown on new drilling. As Britain faces increasing reliance on expensive energy imports, Reeves emphasised the importance of âhomegrown energyâ, explicitly including oil and gas from the North Sea alongside renewables […]
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Labour tax reforms threaten future of Britains historic family owned breweries
Traditional family-run breweries in the UK are fighting for survival amid sweeping changes to tax policy proposed by the new Labour government. The Robinson family, whose Cheshire-based business has brewed cask ales for nearly 200 years, is warning that an overhaul of inheritance tax rules could drive a swathe of Britainâs few remaining independent breweries […]
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Claires Accessories store sale puts thousands of jobs at risk as Modella Capital steps in
Thousands of jobs are under threat at Claireâs Accessories following the acquisition of half the UK and Ireland store portfolio by Modella Capital in a move that signals significant upheaval for the troubled high street retailer. Interpath administrators confirmed that 156 of 301 Claireâs stores have been sold to Modella, owner of the recently rebranded […]
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Why Foreign Investors Are Flocking to British Buy to Lets Despite New Tax Squeezes and Rules
The British buy to let market has become an unexpected magnet for overseas investors, defying a series of recent tax reforms and regulations intended to cool the sector. According to new data, one fifth of rental homes purchased via companies this year have at least one foreign national owner, with buyers from India, Nigeria and […]
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Bank of England Deputy Signals Inflation Set to Hit Two Per Cent Target as Job Market Eases and Food Costs Rise
Interest rates in the United Kingdom could be poised for a further drop as inflation is predicted to retreat to the Bank of Englandâs 2 per cent benchmark, according to Deputy Governor Sir Dave Ramsden. Recent remarks at a European Central Bank event in Frankfurt underscore growing confidence among central bankers that wage growth is […]
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BP Commits Five Billion Pounds to Unlock High Pressure Oil in Gulf of Mexico Field
BP has announced the approval of a £5 billion project to develop the Tiber oil field in the Gulf of Mexico, a resource previously considered too hazardous to exploit due to its extreme pressures. Technological breakthroughs, fostered through industry collaboration since the field’s discovery in 2009, have enabled BP to manage pressures exceeding 20,000 pounds […]
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Electronic Arts to be taken private in fifty five billion dollar deal led by Kushner and Saudi fund
Electronic Arts, the renowned video games publisher behind the Fifa and EA Sports FC football series as well as The Sims, is set to leave the Nasdaq in a landmark fifty five billion dollar acquisition. The deal, orchestrated by an investor consortium headed by Jared Kushnerâs Affinity Partners, Saudi Arabiaâs Public Investment Fund, and US […]
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Emma Walmsley to Leave GSK After Overseeing Major Restructuring
Dame Emma Walmsley has announced her departure as chief executive of GSK, marking the end of a transformative chapter for one of Britainâs most prominent pharmaceutical firms. During her tenure since 2017, Walmsley led an ambitious restructuring programme, including the demerger of Haleon, the consumer health business, sharpening GSKâs focus as a pure biopharma company. […]
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AstraZeneca shifts focus to US with New York Stock Exchange listing
AstraZeneca, one of Britainâs leading pharmaceutical giants, has announced its intention to secure a direct listing on the New York Stock Exchange in a strategic move aimed at strengthening its presence in the worldâs largest public market. This development comes as the FTSE 100 firm seeks to harmonise its share listing structure across the London, […]
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BitQueen cryptocurrency fraud sparks UK China battle for five billion pound bitcoin fortune
The UK finds itself at the centre of an international dispute after seizing bitcoin worth over £5 billion from Zhimin Qian, known as the BitQueen, in one of the largest asset seizures in British criminal history. Qian, originally from China, pleaded guilty at Southwark Crown Court to charges of possessing and transferring criminal property, after […]
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Rococo Style Returns to Fashion as Designers Embrace Eighteenth Century Whimsy and Inspiratio
The world of high fashion is witnessing a renaissance of the eighteenth century as leading designers revisit the whimsy and lightness of rococo. Inspired by artists such as Thomas Gainsborough and driven by a shift in social perspective, prominent names on the catwalk are turning to this gilded era for creative impetus. Max Maraâs creative […]
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Trump to impose 100 per cent tariff on foreign made films in blow to British film industry
President Trump has announced plans to introduce a 100 per cent tariff on all films produced outside the United States, a move that threatens to cause significant disruption to Britainâs thriving film sector. The president declared that foreign countries have âstolenâ the US moviemaking industry and vowed to restore Hollywoodâs so-called golden age by deterring […]
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Keir Starmer Unveils Virtual Hospital Service as Labour Promises NHS Renewal and Reform
Prime Minister Sir Keir Starmer is set to announce a major transformation of the NHS with the unveiling of a new virtual hospital service. During his speech at the Labour Party conference, Starmer will commit to launching NHS Online, a platform designed to offer patients remote consultations with specialist clinicians from across the United Kingdom. […]
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Labour Budget Faces Tax Rises as Starmer Warns of Hard Choices Ahead
Sir Keir Starmer is set to warn that his governmentâs plans to rebuild Britain will not come without a cost, as he lays the groundwork for tax increases and fiscal restraint in the upcoming November Budget. Speaking to the Labour conference in Liverpool, the Prime Minister will highlight the harsh reality of Britainâs finances and […]
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Britains Power Plants Under Scrutiny as Gas Stations Charge Record High Prices and Reform Looms
Travel just 18 miles north of London to encounter the imposing Rye House power station in Hertfordshire, a facility with a long and lucrative history. Since beginning operations in 1993, Rye House has stood as Britainâs longest-serving gas-fired power plant on the current marketâand now, one of its most controversial. The plantâs owner, a subsidiary […]
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UK Graduates Face Record High Student Loan Debts as Balances Soar to Over £100,000 Pounds
New data reveals a soaring number of UK graduates now burdened with student loan debts exceeding £100,000. Figures disclosed following a freedom of information request show that by the end of June, 150,450 individuals carried outstanding student loan balances of £100,000 or more. Six months prior, that figure stood at 113,029, representing a sharp rise […]
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Gold Hits Historic Highs in 2025 as Investors Seek Safe Haven Assets
Gold has become the star performer of global markets in 2025 soaring by 43 percent since January to reach a record price of 3760 dollars per ounce. This remarkable surge is leaving all other major asset classes trailing and marks the strongest annual performance for gold since 1979 when global uncertainty was driven by revolution […]
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Beef Prices Soar Across United States Amid Tight Supplies and Reluctant Ranchers
Beef lovers across the United States are feeling the pinch as retail prices for meat soar to unprecedented heights. Shoppers visiting supermarkets and restaurants are paying substantially more for their favourite protein as the age-old combination of limited supply and robust demand drives cattle and beef prices to all-time records. Recent figures reveal that ground […]
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Pfizer faces huge lawsuit in US over claims DepoProvera contraceptive injection caused brain tumours
Pharmaceutical giant Pfizer is now embroiled in a major class action lawsuit in the United States, as more than 1,300 women allege they developed brain tumours following use of its Depo-Provera contraceptive injection. The legal action accuses Pfizer of failing to adequately warn both patients and medical professionals about the increased risk associated with prolonged […]
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EU Steel Sector Faces New Uncertainty as US Expands Tariff List
The European steel industry is sounding the alarm once more as the United States government widens the application of punitive import tariffs under the Trump administration. With the current rate on steel imports from Europe at a steep 50 per cent, attention is now shifting to an ever growing roster of so called derivative products […]
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Jim Ratcliffe Ineos halts dividends for five years to cut debt and fund Belgium plant
Sir Jim Ratcliffe’s Ineos petrochemicals empire is under significant financial pressure after a spree of acquisitions led to soaring debt and forced the company to axe dividend payouts until at least 2030. Ineos, long known for rewarding its owners with substantial yearly dividends, stopped the payments after posting losses in 2024. Net finance costs rose […]
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Rachel Reeves Faces Fiscal Test as Cost of UK Borrowing Surges to Seventeen Year High
Rachel Reeves, the Chancellor, has been cautioned by leading analysts over risks of a repeat of the mini budget fiasco experienced during Liz Trussâs tenure, as the cost of new government borrowing in the UK surges to levels not seen in seventeen years. Recent research reveals that the average interest rate on government bonds issued […]
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Harrods Faces Major Data Breach Affecting Half a Million Customers
Harrods, the renowned luxury department store in Knightsbridge, has confirmed it suffered a significant data breach impacting nearly half a million customers. The incident, which took place last week, underscores the increasing frequency of cyberattacks targeting high-profile UK retailers. The store stated that the compromised information consists of basic personal identifiers such as customer names, […]
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Gatwick Expansion Under Threat As Tax Rises Loom Over New Runway Investment
The chief executive of Gatwick Airport, Stewart Wingate, has issued a stark warning to Chancellor Rachel Reeves, urging her not to undermine the airportâs expansion plans by raising taxes. This call for fiscal restraint comes in the wake of government approval for a £2.2 billion second runway at Gatwick â an ambitious project set to […]
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Marks and Spencer Banking on Menswear Modernisation and Loyalty to Bolster Profits
When Stuart Machin attends M&S board meetings or visits stores, he is clad head to toe in Marks and Spencer apparel. At 55, the chief executive often jokes that he is the companyâs most loyal menswear customerâand its sharpest internal critic. Machin recently challenged head of menswear Mitch Hughes to match the resurgent success of […]
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Rice Cultivation Reaches British Soil as Climate Shift Opens New Agricultural Frontiers
The British farming landscape is witnessing a historic milestone this autumn, as rice is harvested for the first time in the UK following an unprecedentedly hot summer. Nestled in the Fens just north of Ely in Cambridgeshire, newly established paddy fields have brought nine diverse rice varietiesâfrom Brazil, Colombia, and the Philippinesâto British soil. This […]
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Labour Targets Long Term Youth Unemployment With New Youth Guarantee Initiative
Labour Chancellor Rachel Reeves has announced a new initiative aimed at eradicating long-term youth unemployment in the UK. In her upcoming speech at the Labour Party Conference, Reeves will unveil details of the Government’s ambitious ‘youth guarantee’ plan, targeting those aged 18 to 21 who have been on Universal Credit for 18 months or longer. […]
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Migrants Settlement Rights Tied To Economic Contribution Under Labour Proposals
Migrants seeking permanent residency in the United Kingdom will soon face significant changes to the rules if Labour’s proposed reforms are enacted. In her inaugural speech as Home Secretary at the Labour Party conference, Shabana Mahmood is set to declare that migrants must demonstrate meaningful contributions to the UK in order to obtain indefinite leave […]
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Labour unveils major new towns initiative to tackle Englands housing crisis
A bold initiative to build 12 new towns across England is set to be announced at the Labour Partyâs annual conference in Liverpool. Steve Reed, the recently appointed housing secretary, follows the resignation of Angela Rayner and will present the ambitious blueprint, which aims to address the severe housing shortfall faced by the nation. The […]
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EU Plans Tariff Increase and Quota Reduction Pose Grave Threat to UK Steel Sector
The UK steel industry faces a grave threat as the European Union considers drastic changes to its import regime, which could deal a devastating blow to British manufacturers. Officials in Brussels are preparing to halve tariff-free quotas and double tariffs on steel imported from the UK to 50 per cent, under mounting pressure from steel […]
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Why Beef Prices Are Surging And What It Means For The Economy
Leighton Snelgrove surveys his flourishing field on the edge of Uckfield in East Sussex, his herd of Sussex Red cows content with the late autumn grass. Yet the serene picture belies a turbulent year for British cattle farmers. This past summer, Britain endured its hottest weather on record, transforming vibrant pastures into dustbowls and leaving […]
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Revolut Explores Seventy Five Billion Dollar Dual Listing Across New York And London Markets
Revolut, the rapidly expanding fintech powerhouse, is reportedly considering an historic dual listing in both New York and London, signalling a significant boost for the City and an evolution in founder Nik Storonskyâs approach to public markets. A valuation of at least $75 billion would make the float one of the largest on record, positioning […]
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Jaguar Land Rover receives £1.5bn rescue to survive cyberattack shutdown until Christmas
Jaguar Land Rover has secured a £1.5 billion government-backed lifeline to support its business and suppliers through to Christmas after a crippling cyberattack brought operations to a halt. Britainâs largest carmaker, which usually manufactures 1,000 vehicles daily across three UK sites, has seen global production suspended for almost a month following a significant breach of […]
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Trump Tariffs Deliver Major Blow to UK Pharma Industry Amid Rising Global Competition
The UK pharmaceutical sector, long celebrated as a linchpin of the British economy, now faces an unprecedented crisis following the imposition of sweeping new tariffs by Donald Trump. In a shock move, the US president announced 100 percent tariffs on pharmaceutical imports, hitting any company not already committed to manufacturing on American soil. As Britain […]
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Tesco robotic warehouse plans hit turbulence as Attabotics collapses into bankruptcy
Tescoâs ambitions to cement its role as a leader in autonomous retail technology have run into major disruption after its key warehouse automation partner went bust. Earlier this year, the supermarket giant struck a significant agreement with Canadian robotics firm Attabotics to develop cutting-edge robotic warehouse systems, an initiative that formed part of Tescoâs strategy […]
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Britain ready to invite Germany to tempest fighter project as France rows simmer
Britain is poised to extend an invitation to Germany to join its Tempest next generation fighter jet initiative, amid mounting tensions between German and French defence partners over their rival European project. The Global Combat Air Programme, or GCAP, including the UK, Japan, and Italy, could soon open the door to German participation, according to […]
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Trump Slaps $100,000 Fee on H1B Visas Sending Shockwaves Through Silicon Valley and UK Eyes Opportunity
The US tech industry reeled this week after Donald Trumpâs dramatic announcement of a new $100000 fee for each application to the H1B visa scheme a move certain to reshape the global technology talent market. Scenes of turmoil unfolded at San Francisco International Airport as dozens of Silicon Valley workers scrambled off planes or rushed […]
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Labour Ministers Demand Rethink as Reeves Faces Fiscal Revolt at Party Conference
Rachel Reeves, the Chancellor, has arrived at the Labour Party conference in Liverpool amid growing unrest within her own government. Senior ministers are urging Reeves to relax her stringent spending rules as they seek funds to deliver Labourâs manifesto pledges. The pressure has mounted as Reeves tries to fill a £30 billion shortfall in public […]
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Orsted in talks to sell half of giant UK wind farm to Apollo
An American investment titan is negotiating to acquire a substantial 50 per cent share of Hornsea 3, which is set to become the worldâs largest offshore wind farm, off the coast of Yorkshire. Orsted, the Danish energy company, is seeking a deal that would value the stake at around £4.25 billion, from the projectâs total […]
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Bank of England rate setter argues for interest rate cuts as inflation drivers ease
The Bank of England may soon have scope for fresh interest rate cuts as the main forces behind Britains sustained inflation begin to recede according to Swati Dhingra a rate setter on the Bankâs Monetary Policy Committee Writing in The Times Dhingra contends that restrictive monetary policy now risks doing more harm to the economy […]
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Electronic Arts set for major buyout in landmark $50 billion pound deal
Electronic Arts, the renowned California-based video game developer, is on the verge of a significant transformation as it enters advanced negotiations to go private. The anticipated deal, valued at approximately £50 billion, involves a consortium led by private equity firm Silver Lake and Saudi Arabiaâs Public Investment Fund. The transaction is expected to be unveiled […]
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UK Requires Ambitious EU Youth Migration Deal Says Chancellor Rachel Reeves
Britain faces pressing financial decisions as Chancellor Rachel Reeves calls for an âambitiousâ postBrexit youth migration agreement with the European Union. The chancellor prioritises a bilateral scheme enabling young people to live and work across the Channel, a move expected to boost economic growth and help close a looming £30 billion budget shortfall. Reeves revealed […]
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Cyber Attacks Threaten Britains Outsourcing Juggernaut as Tata Consultancy Faces Scrutiny
The past year has seen a wave of digital assaults shake some of Britainâs most recognisable names to their core, exposing vulnerabilities across the UKâs intricate network of outsourced IT services. At the centre of this storm stands Tata Consultancy Services, the Indian outsourcing heavyweight whose rapid expansion and close ties with major British brands […]
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Sir Richard Branson faces tougher requirements in push for channel tunnel rail competition
Sir Richard Branson’s ambition for Virgin Group to operate high speed international rail services through the Channel Tunnel is drawing intense scrutiny as UK authorities signal stricter criteria for new operators entering this strategically critical market. The Office of Rail and Road is currently reviewing bids from several contenders to rival the longstanding Eurostar monopoly, […]
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