Bank of England increases interest rates by 0.25 percentage point
The Bank of England raised interest rates by 0.25 percentage points, to 5.25 percent. It warned that borrowing…
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GAM makes a last-ditch attempt to win Liontrust’s rescue deal
GAM has tried to reassure shareholders about its offer to take over UK asset manager Liontrust, which it claims is…
UK tax authorities pursue Uber in widening VAT dispute
Uber, a ride-hailing application, is being pursued by the UK tax authority in an ongoing dispute over VAT.
The…
UK Government gives private companies a bigger role in Health Diagnostics
The UK government is looking to engage independent providers in order to reduce the waiting list for treatment.…
Washington’s outrage at the downgrade and the calm of bond investors is a…
On Wednesday, the reaction to Fitch Ratings downgrading the US's pristine credit rating was split on screen: the…
Food checks at UK borders post-Brexit delayed again due to inflation fears
UK ministers will announce another delay in the post-Brexit controls on animal products and plant products that…
Greggs sales are boosted by openings, but margin pressures continue
Greggs said that input cost inflation has "cooled" but still continues to affect profit margins. The food-to go…
Metro Bank profits from higher interest rates, cost control and profit returns
Metro Bank, a high street rival bank, has announced its first half-year profits since the 2019 scandal that saw…
BP raises dividend despite 70% profit drop
BP increased its dividend and announced more share buybacks even as earnings slumped 70 per cent from the record…
Man Group shares fall as performance fees and profit collapse
The shares of the largest hedge fund manager in the world, Man Group, fell on Tuesday after performance fees and…
HSBC will buy back $2bn of shares after a profit boost due to interest rates
HSBC announced its second $2bn share purchase of the year, after rising interest rates led to a bumper quarterly…
Uber posts first operating profit following $31.5bn in losses
Uber announced its first operating loss on Tuesday, but a better cost control strategy has helped the company turn…
Wizz Air’s plan to give the chief executive extra time to reach his £100mn…
Wizz Air's plans to extend the time period for the chief executive to unlock the £100mn bonus by two years has…
Three major UK lenders reduce mortgage rates as inflation outlook improves
This week, three large UK lenders have announced that they will cut the cost of home loans as mortgage rates…
Michael Klein, Cheshire Investment Group, to list $1.6 billion in New York
Michael Klein, a Wall Street trader, has made public in New York an investment group from the UK that owns a…
UK house prices drop the most since 2009.
Nationwide data shows that UK house prices are at their lowest level in 14 years, as mortgage costs continue to…
CMA launches new consultations on Microsoft Takeover Bid
The Competition Watchdog launched a consultation "very rarely" on Microsoft's attempts to reverse its block on…
Pearson takes on ChatGPT in its own game
Pearson, a FTSE 100 educational publishing company, has fought back against AI's potential threats by integrating…