As the Government prepares to deliver its autumn Budget, mounting evidence suggests Middle England faces an increasing financial burden while state spending on benefits continues to climb. Signals emerging from the Treasury point towards a repeat of the pattern established in Chancellor Rachel Reeves’s previous Budget: working households are set to absorb more tax pressure […]

Britain is witnessing a notable increase in the number of business owners relocating abroad ahead of the new Budget, a pattern attributed to recent tax policy changes and uncertainty surrounding government strategy. Official figures reveal a 42 per cent rise in company directors leaving the UK in the past year, with 6100 departures compared to […]

Meta chief Mark Zuckerberg, valued at an estimated $208 billion or £159 billion, could soon face an unexpected £8 billion bill due to a proposed billionaire tax in California. The Service Employees International Union United Healthcare Workers West recently launched a campaign to introduce a oneoff five percent tax on any individual residing in California […]

Christmas gift deliveries across the United Kingdom face significant delays as 2,000 UPS employees consider industrial action. The Unite union has stated that strikes could disrupt festive shopping, with online parcels and gifts sent through UPS at risk. Workers, including delivery drivers, are currently being balloted for a walkout following a dispute over pay and […]

Energy bills are set to increase by £3 from January as Ofgem, the UK energy regulator, has announced a new price cap of £1758 per year for the typical household. This increase, up from the current cap of £1755, contradicts the expectation that households would benefit from declining energy prices. The rise follows two consecutive […]

Trump Media and Technology Group, the operator behind Donald Trump’s social network Truth Social, has suffered significant losses exceeding $400 million as the value of its Bitcoin holdings nosedived during a widespread cryptocurrency market selloff. The company, which held more than 11,542 Bitcoin at the end of September, purchased the digital assets for nearly $1.37 […]

The British Christmas turkey could be in shorter supply this year as a particularly acute strain of bird flu sweeps through farms nationwide. An aggressive virus has already forced the closure of key farms, putting pressure on butchers and supermarkets preparing for the festive season. Industry insiders note that some supermarket chains have lost several […]

ASOS is intensifying efforts to regain its position as a leading destination for fashion enthusiasts after reporting narrowing losses, despite ongoing pressures on revenue and customer numbers. The online retailer has pivoted its strategy to focus on profitability, which has delivered a reduction in pre-tax losses to £281.6 million for the year ending August, down […]

The UK government will postpone the elimination of the controversial de minimis tax allowance for low value imports until March 2029, despite persistent calls from British retailers for urgent reform. The current system exempts parcels worth less than £135 from import duties, a rule that has been exploited by overseas ecommerce players such as Shein […]

Thousands of former employees of Sir Philip Green’s Arcadia Group have received an unexpected financial boost following news that the company’s pension scheme is now in surplus. This development offers much-needed security for those reliant on retirement benefits after years of uncertainty following the collapse of Green’s fashion empire. The trustees of the defined benefit […]

British holidaymakers travelling to or from Alicante will soon find a familiar favourite in the airport terminal as JD Wetherspoon prepares to open its first international outpost. The renowned pub chain, established over four decades ago by Sir Tim Martin, is set to unveil its new venue, Castell de Santa Bàrbera, at AlicanteElche Airport at […]

Terry Smith, the noted stockpicker behind the £17.5 billion Fundsmith Equity Fund, has issued a stark warning that a future sell off could prove even more severe than the aftermath of the dotcom collapse in 2000, when global share markets lost half their value. Smith highlights the unprecedented rise in index tracker funds as a […]

During the financial crisis of 2009, economic research briefed global policymakers on the dangers of excessive public debt. The book “This Time is Different” by Kenneth Rogoff and Carmen Reinhart asserted that countries with a debt to GDP ratio above 90 per cent suffered prolonged stagnation. Their conclusions quickly entered policy circles, supporting fiscal tightening […]

British households will see a marginal increase in energy bills at the start of the new year, as Ofgem, the energy regulator, raises the price cap on standard tariffs. From January, the cap will set a typical annual household bill at £1,758, up by 0.2 percent or £3 a year, equivalent to an additional 28 […]

The UK government is considering the introduction of a pay per mile tax on electric vehicles starting in 2028. This charge, set at 3 pence per mile, would be added to current road taxes. The measure has been proposed to mitigate the loss of tax revenue caused by the transition away from petrol and diesel […]

The Treasury is reportedly preparing plans to update the valuation of homes in the highest three council tax bands, F to H, as part of the upcoming Budget 2025. For more than three decades, council tax has been based on property valuations from 1991, creating growing calls for fundamental reform. Under the draft proposals, all […]

The proposed five billion pound merger between HICL Infrastructure and The Renewables Infrastructure Group TRIG has sparked a growing shareholder rebellion, as institutional investors and asset managers challenge the rationale and structure of the deal. This planned combination, intended to create Britains largest infrastructure investment trust and elevate the group to FTSE 100 status, has […]

Nando’s, the South African-founded peri-peri chicken chain, has announced ambitious expansion plans for its UK operations in the face of persistent labour and energy cost pressures. Despite these economic headwinds, the company reported impressive financial results, with revenues rising by 8 percent to £1.48 billion in the year to the end of February, driven by […]

JD Sports Fashion has alerted investors that its annual profit will likely reach the lower end of forecasts due to mounting youth unemployment and diminished sales volumes in trainers and tracksuits. The announcement resulted in a 2.71 per cent decline in the retailer’s share price, settling at 78p after a third quarter trading update revealed […]

Mortgage lending at Nationwide has declined following a surge of homebuyers finalising purchases before the April stamp duty deadline. Despite a decrease in lending, the building society’s income climbed due to the recent acquisition of Virgin Money. For the six months ending in September, Nationwide’s net mortgage lending was reported at £4.7 billion, down from […]

The Treasury is preparing to cover almost £5 billion in losses made by the Bank of England by the end of the decade as a result of its ongoing gilt selling programme. Latest calculations indicate that these anticipated losses, stemming from the Bank’s quantitative tightening initiative, will significantly erode the government’s fiscal headroom ahead of […]

Nvidia has reported robust third quarter results, surpassing market expectations as demand for its advanced artificial intelligence chips propelled both revenue and profit to record levels. The technology group at the centre of the AI revolution registered quarterly revenue of 57 billion dollars, an increase of 62 per cent compared with the same period last […]

Rachel Reeves is grappling with a significant fiscal setback after the Office for Budget Responsibility opted to lower its outlook for UK productivity growth. This revision is projected to widen a gap of up to £20 billion in the government’s budget plans, and puts the Treasury under considerable strain just as the Chancellor seeks to […]

Paramount has secured an historic media rights victory to broadcast Uefa Champions League matches in the United Kingdom from 2027, marking a watershed moment in the UK sports broadcasting landscape. Paramount, the US media conglomerate owned by the Ellison family, has obtained a four-year deal that will see the majority of Champions League fixtures transferred […]

The number of young men in the United Kingdom not in employment, education, or training has risen sharply, intensifying concerns about a growing divide between the economic fortunes of young men and women. Newly published data from the Office for National Statistics reveals that in the three months leading up to September, 512,000 young men […]

Asda has announced the sale of dozens of supermarkets as private equity owners accelerate efforts to address a £3.8 billion debt burden. The supermarket chain, predominantly owned by TDR Capital, revealed on Thursday a £568 million deal involving two separate buyers for a total of 24 supermarkets and one distribution depot, constituting its latest bid […]

Labour MPs have sparked controversy over an amendment that could pave the way for a new holiday tax just days before the forthcoming Budget. Prominent figures within the hospitality sector have raised concerns that a proposed change to the Government’s devolution bill would grant mayors the authority to levy additional taxes on hotel stays, effectively […]

The unemployment rate in the United States has climbed to a four year high, hitting 4.4 percent in September even as the economy created far more jobs than anticipated. According to newly released data from the Bureau of Labor Statistics, the rate rose from 4.3 percent to 4.4 percent in September, signalling persistent weaknesses within […]

Labour’s forthcoming Budget is expected to introduce a new tax surcharge targeting England’s most valuable homes as part of efforts to stabilise public finances. The proposed levy will affect properties in council tax bands F, G, and H and is anticipated to impact around 300,000 homes across the country. Analysis from estate agents Hamptons indicates […]

Uber has been served with legal demands to halt the use of its artificial intelligence implemented pay systems, amid mounting criticism that the company’s algorithms have significantly reduced driver earnings. The move follows a letter before action sent on Wednesday by Worker Info Exchange, a non-profit foundation, which alleges the app has contravened European data […]

City investors are watching Chancellor Rachel Reeves closely ahead of the 2025 budget, hoping she creates more fiscal headroom to ensure economic stability. Concerns are mounting that disappointing her fiscal plans could trigger volatility in the bond markets and potentially force the government to deliver a secondary budget to regain investor confidence. David Zahn, head […]

UK annual inflation, as measured by the Consumer Prices Index, slowed to 3.6 percent in October, offering the first relief in five months and raising prospects of a potential interest rate cut following Chancellor Rachel Reeves’s upcoming tax and spending statement. The figure, released by the Office for National Statistics, signals a decline from the […]

The UK government has confirmed the introduction of a ban on reselling tickets for profit, marking a significant shift in its stance on the controversial secondary ticket market. This legislation comes after enduring pressure from music industry groups, consumer advocates and high-profile artists such as Radiohead and Coldplay who demanded stronger action to stop excessive […]

Debate has intensified within Whitehall regarding the reliance on American technology firms after members of Parliament questioned government spending on Microsoft contracts. The latest focus lies on a five year agreement providing productivity tools to the NHS reportedly worth over seven hundred million pounds. In the 2024 to 2025 financial year alone, the government invested […]

Markets opened cautiously as investors awaited results from Nvidia, the world’s largest chipmaker and a pivotal force in this year’s artificial intelligence equity rally. Futures pointed to modest gains at the start of trading in New York, with the S and P 500, Nasdaq Composite, and Dow Jones Industrial Average each expected to lift marginally. […]

The chief executive of Jet2 has urged the government to reconsider plans to increase taxes on the airline and holiday industry, cautioning that further rises will inevitably be passed on to customers. Steve Heapy, leading the UKs largest package holiday provider and third-largest airline by passenger volumes, noted that increased taxation would result in higher […]

Curve, the London-based payments technology company once projected for a multibillion valuation, has been acquired by Lloyds Banking Group for £120 million. The sale draws a sharp contrast with previous ambitions, as Curve’s leadership had aimed for valuations reaching as high as $60 billion by the end of the decade. Shachar Bialick, Curve’s founder, outlined […]

The board of WH Smith is deliberating whether to reclaim bonuses previously awarded to senior executives following a significant accounting error in its North American business. This episode prompted the sudden resignation of chief executive Carl Cowling, after an independent review by Deloitte highlighted a profit overstatement of approximately £30 million. The revelation caused nearly […]

UK inflation has eased to a four-month low in October, underpinned by falling energy costs and subdued price growth across the services sector. New figures from the Office for National Statistics indicate that consumer price inflation fell from 3.8 percent in September to 3.6 percent in October, aligning with City forecasts and matching the Bank […]

Landslides on Britain’s railway network have reached unprecedented levels, raising alarm over the resilience of Victorian-era embankments and the safety of ever-busier passenger services. A London-bound express recently derailed near Shap in Cumbria after encountering a landslide, underlining concerns that extreme weather is exacerbating longstanding vulnerabilities in the rail infrastructure. While ministers maintain that such […]

Chancellor Rachel Reeves’s decision to reverse planned income tax hikes has ignited a political dispute and raised questions about the transparency of the United Kingdom’s fiscal process. The reversal arrives amid mounting speculation over Prime Minister Sir Keir Starmer’s leadership and pressure from both the opposition and within government circles. The controversy centres on claims […]

Luxury hotelier Sir Rocco Forte has publicly criticised Labour’s emerging plans to introduce a Venice style tourism tax across England warning of potentially damaging consequences for the hospitality sector. The owner of the Balmoral Hotel in Edinburgh and Browns in London described the move as deeply unfair and questioned the rationale of imposing a new […]

Energy giant ExxonMobil has sharply criticised Labour’s policy on North Sea oil and gas, warning that the Government’s refusal to issue new drilling licences risks undermining British industry and economic growth. In a pointed statement, Paul Greenwood, Exxon’s UK chairman, laid blame on Ed Miliband’s ban on new exploration, coupled with carbon taxes and elevated […]

Crest Nicholson has issued a warning that jobs are at risk following a downgrade of its annual profit forecast, attributing the move to persistent uncertainty surrounding government tax policy. The housebuilder’s shares closed down by 15 per cent at 139p after the company projected that profits for the year ending 31 October would be at […]

FirstGroup, the United Kingdom’s largest listed train and bus operator, reported a sustained decline in its share price as it signalled rising cost pressures and lower bus patronage. Despite recording a modest 3 percent increase in operating profits for the six months ending September, the company’s shares extended their fall to 25 percent since the […]

Global equity markets registered significant declines on Tuesday as a continued sell-off shook investor confidence. Sentiment was influenced in part by anticipation surrounding Nvidia’s upcoming earnings report, a crucial moment for the persistence of the artificial intelligence investment boom. London’s FTSE 100 suffered its sharpest fall since 9 April, dropping 123.13 points, or 1.3 percent, […]

ExxonMobil has announced the closure of its Fife Ethylene Plant at Mossmorran in Scotland, attributing the decision to UK government policies and persistent high costs. The plant, operating since 1985, is set to wind down in February after four decades as a significant contributor to the UK’s chemical production sector. The closure will impact 179 […]

Ocado encountered a significant barrier to its expansion in the American market as Kroger, the largest grocer in the United States, announced it will shut three automated warehouses in January 2026 that rely on Ocado’s technology. This decision follows disappointing financial returns from these facilities. As a result, Ocado’s shares dropped by more than 17 […]

Once regarded as anchors of financial stability within the eurozone, Germany and France are now contending with turbulence that has upended old perceptions. These two former bastions, once considered the glue holding continental finances together, are moving in opposite fiscal directions. Their challenges contrast sharply with the improved fortunes of countries that once bore the […]

Sir William Beveridge, architect of Britain’s welfare system, created a plan in 1946 centred on social insurance, with contributions from workers ensuring support during hardship. The system was designed to confront the five evils of want, disease, ignorance, squalor, and idleness, with workers contributing a portion of their income for future security. This original intent […]

Hewlett Packard is seeking £1.5 billion from the estate of the late British technology entrepreneur Mike Lynch, escalating its demands in the aftermath of the long-running Autonomy fraud case. The American technology group has lodged new legal claims, now seeking a sum that far exceeds the £740 million in damages previously determined by a High […]

Britain’s ageing energy infrastructure is under intense scrutiny following a major blaze at a substation near Heathrow Airport which paralysed the country’s busiest transport hub. Energy Secretary Ed Miliband has responded by launching a nationwide review into the safety and reliability of the power grid, demanding comprehensive audits from National Grid, Scottish Power Transmission, and […]

The opening of the £7 billion East West Rail, a flagship government rail project intended to reconnect Oxford and Cambridge, has been delayed by a dispute over responsibility for operating train doors. Despite the completion of track work and empty passenger trains running up and down the new corridor for months, no scheduled public services […]

Britain is becoming increasingly unattractive for international investment due to protracted planning processes and sluggish decision making, according to Jonathan Oppenheimer, scion of the Oppenheimer diamond mining dynasty. Speaking at the Bloomberg Africa Business Summit, Mr Oppenheimer criticised the United Kingdom’s inability to deliver infrastructure projects in a timely fashion, warning that such inefficiency makes […]

Rachel Reeves, the Chancellor, is set to announce a significant increase in benefit spending in the upcoming Budget, with a proposed rise of £6 billion allocated to working age benefits. The move comes amid growing debate over the sustainability of welfare expenditures and concerns from critics regarding the fiscal impact. From next April, payments for […]

RedBird IMI has clarified that The Telegraph newspaper will not be held liable for the significant debts still owed by its former owners, the Barclay family. The statement, released on Tuesday evening, aims to dispel concerns among potential buyers and regulators that the historic broadsheet would inherit unsustainable liabilities following an onward sale. The United […]

Official figures reveal a striking rise in the number of British nationals leaving the United Kingdom during the year Labour was elected, coinciding with deepening concerns about the Chancellor Rachel Reeves’s tax initiatives. According to new data from the Office for National Statistics, 257000 Britons exited the country in the year to December 2024, more […]

The European Union is forecast to surpass the United Kingdom in economic growth, driven by stability across the bloc and mounting uncertainty in British fiscal policy. According to Brussels, EU gross domestic product is expected to rise by 1.4 per cent in both 2025 and 2026, while UK growth will lag behind at 1.2 per […]

Jeff Bezos, founder of Amazon, is set to lead a new artificial intelligence start-up called Project Prometheus. This marks his first chief executive position since stepping down from the retail giant in 2021. According to reports, the start-up has secured 6.2 billion dollars in initial funding, one of the largest such investments in the sector […]

Berkshire Hathaway has made a significant move in the technology sector by acquiring 7.85 million shares in Alphabet, the parent company of Google, in the September quarter. The stake is valued at approximately 3.9 billion pounds, marking one of the final major investments overseen by Warren Buffett before he steps down as chief executive at […]

Plans have been unveiled for a five point three billion pound merger between HICL Infrastructure and The Renewables Infrastructure Group TRIG aiming to create the largest listed infrastructure company in the United Kingdom. The boards of both investment trusts tout significant benefits from the tie up, including enhanced scale, improved liquidity, and a reinvigorated investment […]

The proposed acquisition of a North Sea oil company with backing from billionaire Conservative Party donor Lord Michael Spencer has been delayed due to fraud allegations facing the buyer. Deltic Energy, with Lord Spencer as its largest shareholder, agreed to a £6.9 million takeover by Viaro Energy in June. However, approval for the deal has […]

Rachel Reeves, the Chancellor, is considering a comprehensive review of Britain’s regulatory framework as Labour seeks to accelerate economic growth. Documents circulating within the Treasury reveal that a government infrastructure taskforce has been instructed to investigate whether key regulators across energy, water, telecoms, rail, and aviation are hampering investment by inconsistent decision making and by […]

The influence of artificial intelligence on the UK economy is no longer a speculative matter. After years of discussion and anticipation, tangible impacts are emerging in employment figures and across financial markets. Recent data indicate a contraction in payroll employment, with a reported decrease of 32000 jobs in October, marking the tenth monthly decline in […]

Nvidia’s dominance in the artificial intelligence sector has reached new heights as its latest processor, the Blackwell Ultra, is rapidly reshaping the landscape of data centre investment. Earlier this year, Jensen Huang, Nvidia’s founder, announced the arrival of the superpowered chip with characteristic showmanship, driving demand for Nvidia hardware to levels previously unseen. Tech giants […]

The arrival of the annual John Lewis Christmas advert, a staple of the British festive calendar, usually signals the start of a robust retail season driven by both sentiment and spending. Traditionally, such campaigns have aimed to move the nation emotionally while subtly supporting sales. This year, however, John Lewis has opted for a subdued […]

The NHS faces significant risks to future productivity without urgent, widespread adoption of artificial intelligence across its workforce, warns Euan Blair, the founder of tech training group Multiverse and son of former Prime Minister Tony Blair. With productivity levels reportedly 18.5 percent lower in the last year compared to pre pandemic performance, the pressure is […]

The French government is preparing to initiate legal proceedings against British private equity firm Greybull Capital following accusations that it failed to honour significant investment pledges for the struggling steel company Novasco. Finance Minister Roland Lescure signalled a resolute stance, stating that France would be uncompromising in its pursuit of accountability after Greybull allegedly did […]

Billionaire technology investor Peter Thiel has divested his entire position in Nvidia, a move reflecting growing concerns about the sustainability of the artificial intelligence investment surge. Thiel Macro, his hedge fund, sold its substantial 100 million US dollar stake in the chip manufacturer during the three months leading to September, as revealed by recent financial […]

A landmark merger between British law firm Ashurst and the US-based Perkins Coie will create a transatlantic legal giant with annual revenues projected at 2.7 billion dollars or 2 billion pounds. The newly formed entity, Ashurst Perkins Coie, is expected to secure a place among the global elite, ranking within the top twenty largest law […]

Lenders have made notable reductions to mortgage rates as the property market prepares for potential tax reforms in the forthcoming Budget. Barclays has decreased its five year fixed mortgage rate by 0.3 percentage points to 4.35 percent. Halifax and Skipton Building Society have followed suit by lowering rates on several of their own mortgage products. […]

Billionaire Daniel Kretinsky, owner of Royal Mail, is set to become the fourth largest shareholder in French oil giant TotalEnergies after a transaction valued at €5.1 billion (£4.5 billion). The Czech businessman will acquire 4.1 percent of TotalEnergies shares following an agreement to sell half of his Eastern European power business EPH to the French […]

The landscape of company registration in the United Kingdom is set for a significant shift as new director verification rules come into force this week. From 18 November, anyone seeking to become a director or a beneficial owner of a company must verify their identity, with the regulations set to extend to existing directors and […]

Manufacturers across the United Kingdom face mounting hardships from high electricity prices as a government relief plan is due to come into effect no earlier than 2027. Industry leaders and trade bodies are raising alarms that the support, designed to cut energy bills for more than 7000 energy intensive businesses, will not arrive in time […]

The UK housing market is witnessing the most significant price reductions from sellers in thirteen years, as uncertainties loom over forthcoming tax changes in the budget and sharp declines in high value property transactions persist. New data reveals that asking prices for newly listed properties have dropped by an average of £6589, or 1.8 percent, […]

Castle Water has submitted a revised proposal to rescue Thames Water, offering a substantial £1 billion cash injection above existing offers amidst mounting financial and operational pressures. John Reynolds, chief executive of Castle Water, has developed a turnaround strategy that would direct fresh investment toward addressing the company’s pollution issues, a persistent concern for the […]

Government ministers are engaged in critical negotiations with Brussels to protect British-grown oatcakes and the domestic oat industry from new European Union food safety regulations poised for automatic adoption under Sir Keir Starmer’s plans to realign UK agricultural standards with those of the bloc. The dispute, reminiscent of post-Brexit “sausage wars,” centres on strict EU […]

Glioblastoma has long stood as one of the deadliest forms of brain cancer in the United Kingdom, with about 3200 cases diagnosed each year. Survival rates remain grim, as the average life expectancy post-diagnosis is just twelve months. Decades of underinvestment in research have left patients and clinicians with little progress in treatment, and most […]

Junior doctors in England have embarked on a five day strike, yet participation has reached its lowest level amid increasing criticism of the British Medical Association. The action, which commenced on Friday and will conclude on Wednesday, has seen more doctors remaining at work and questioning the union’s current strategy. Sir Jim Mackey, chief executive […]

Ministers have announced plans to remove local councils’ authority to block or delay large scale housing projects in England. The government aims to address the slow rate of homebuilding by allowing ministers, rather than local councils, to make decisions on developments of more than 150 homes. The new measures will oblige councils to refer any […]

On a mild November morning, Primark’s flagship Oxford Street store appeared noticeably subdued. As the Christmas trading period approached, only a handful of customers browsed heavily discounted £5 leggings and £9 gilets. Many admitted they typically shopped elsewhere, citing doubts over product longevity despite the low prices. This current quiet stands in sharp contrast to […]

UK household energy debt is projected to reach £6 billion in 2026 according to new analysis from consultancy Baringa. Their study reveals a quarter of households will struggle to pay gas and electricity bills next year following a dramatic rise in family arrears and continuing price increases across the country. Over the past three years, […]

Wizz Air is set to curtail the number of flights it operates from Gatwick Airport, a move prompted by persistent cost pressures and a challenging slot allocation environment. József Váradi, chief executive of the Budapest-based airline, stated that operating from Britain’s second-busiest airport has become unviable due to high fees and suboptimal flight times. The […]

Nvidia, led by Jensen Huang, recently unveiled the Blackwell Ultra, a highly advanced graphics processor designed for artificial intelligence workloads. Tech giants such as Amazon, Meta, and OpenAI have committed vast resources to secure these cutting-edge chips, fuelling unprecedented demand and propelling Nvidia’s quarterly revenues to $54 billion dollars, with a soaring valuation now at […]

Shabana Mahmood, the Home Secretary, is poised to introduce a comprehensive suite of reforms to the United Kingdom’s immigration system. The forthcoming measures are crafted to intensify the removal of illegal migrants and foreign criminals, signifying a policy shift aimed at restoring public confidence in the country’s border controls. Beginning with immediate diplomatic consequences, countries […]

Apple is set to reshape its iPhone launch approach, shifting from the established annual September event to a biannual release cycle, in what marks its most significant product launch overhaul in over a decade. The move, expected to commence in 2026, will see premium iPhones introduced each autumn and more cost-effective models following in spring. […]

Potential bidders for Costa Coffee have begun to fall away, with private equity firm KKR withdrawing its interest in acquiring the chain from CocaCola. The decision comes just days before indicative offers for the coffee business are due, raising questions about the appetite for a deal at the price CocaCola originally paid. KKR, listed in […]

Monzo has encountered mounting tension among its investors following the unexpected resignation of chief executive TS Anil last month. Shareholders at the digital bank expressed surprise over Anil’s swift exit, highlighting a perceived lack of transparency from the company’s leadership regarding the decision. Anil, who joined Monzo in 2020, has steered the London-based firm through […]

A surge in national insurance contributions imposed by Rachel Reeves in her first budget has roiled businesses across the United Kingdom, with employers facing significant challenges since the new measures came into effect in April. The increase saw employer national insurance rates climb from 13.8 to 15 per cent, coupled with a lowered payment threshold […]

Dame Susan Langley, recently inaugurated as the Lady Mayor of the City of London, is determined to redefine the public perception and impact of her post. Now only the third woman to have ever held the position, Langley brings to her role a wealth of experience from decades in the insurance sector, with senior roles […]

Britain’s largest pub company is preparing for a substantial sale, aiming to offload over 1,000 pubs as mounting debt threatens its future. Senior management at Stonegate Group, owner of the well-known Slug and Lettuce and Be At One chains, have commenced talks with advisors regarding options for nearly a quarter of the firm’s 4,300-strong estate. […]

WPP, Britain’s advertising heavyweight, is drawing significant takeover speculation following a difficult year that threatens its place in the FTSE 100. French rival Havas, led by the Bolloré family, is among those considering potential moves, with discussions reportedly taking place around the possibility of acquiring WPP or building a substantial stake. Private equity firms Apollo […]

In recent years, the City of London has established itself as the foremost international hub for trading the Chinese renminbi outside of China, reflecting the growing and complex financial relationship between Britain and Beijing. This relationship is rooted in a 2013 agreement between the then chancellor George Osborne and his Chinese counterpart Ma Kai, allowing […]

Michael Burry, the investor renowned for his successful wager against the United States housing bubble as depicted in The Big Short, has shifted his sights to artificial intelligence equities. Burry, who recently returned to public discourse, suggested that markets are once again exhibiting bubble-like behaviour. His latest moves have seen him establish significant positions against […]

The government is considering a significant shift in rail fare calculations that could reduce annual ticket price rises for millions of passengers in England. Sources indicate that Rachel Reeves is preparing to address the issue of surging rail prices in the upcoming Budget by revising how fare caps are set, a move aimed at easing […]

A timely adjustment by the Office for Budget Responsibility has provided Chancellor Rachel Reeves with a £1.7 billion reprieve to stabilise the public finances before the upcoming Budget. This move follows alteration of the period used to forecast bond market movements, a decision made amid mounting political scrutiny. Departing from its established process, the OBR […]

The Chancellor, Rachel Reeves, is poised to unveil a new property tax surcharge targeting middle class and affluent homeowners, as the government seeks to generate £25 billion to stabilise UK finances. An estimated £600 million is expected to be raised from this levy, which will focus on high value homes predominantly in London and the […]

Holidaymakers from the United Kingdom are increasingly neglecting to secure adequate travel insurance, especially when dealing with preexisting medical conditions, according to the fourth annual travel insurance and safety abroad report by AllClear Travel Insurance. The report revealed that 21 percent of British travellers forgo insurance altogether for foreign trips, while one in four do […]

Britain’s largest bus and coach companies have issued a warning that rural transport services could come under threat if the government decides to raise national insurance or fuel duty in the upcoming budget. Operators including Stagecoach, First, Go Ahead, National Express, Arriva, and Flixbus have written to the Chancellor, emphasising that recent increases in employer […]

John Lewis has launched its first gifting emporium as part of the retailer’s most ambitious store transformation in four years, under an £800 million turnaround strategy. The shop, located at the refurbished Bluewater store in Kent, required an investment of nearly £10 million. The employee-owned group is dedicating £32 million to update its stores this […]