Financial

Bitcoin's value has dropped by 15 percent in the last two weeks as investors have taken advantage of the launch of the bitcoin exchange traded fund earlier this month. They are taking profits and selling their volatile cryptocurrency.…

The UK government borrowed less in December than was expected, which is a boon to chancellor Jeremy Hunt’s plans to reduce taxes in advance of the expected general elections this year. According to the Office for National Statistics, the…

British Steel is expected to suffer increased losses due to the rising energy and raw materials prices following Russia's invasion in Ukraine. In its delayed 2021 accounts, published just last week, Britain's second largest steelmaker…

Apple paid Rbs1.18bn (12.3mn dollars) to the Russian state budget after a Moscow court found it guilty of abusing the App Store's dominant position. FAS, Russia’s anti-monopoly regulator, announced Monday that it had received payment in…

Manchester United's profit forecast has been cut after the club's early exit from Europe’s premier football competition. This highlights the challenges facing billionaire Sir Jim Ratcliffe in his attempt to turn around the club's fortunes.…

Analysts have estimated that banks could be liable for a compensation bill of £10 billion due to unfair car financing deals. The Financial Conduct Authority announced last week that it will investigate whether people who take out loans…

Rightmove is one of the stocks that have suffered as a result of bearish brokers squeezing in. Investors reacted negatively to JP Morgan's concern about the profitability of the group if they need to defend their dominance on the market.…

Discover why Ashmore Group's strong returns coexist with client withdrawals and how emerging markets continue to present opportunities for investors.

Crest Nicholson is one of Britain's biggest housebuilders. It has now issued its third profit warning due to rising costs. This has sparked speculation that the company could be a target for takeover if its fortunes do not improve. In…

After suffering a second consecutive annual loss, the Bank of London, which is a newly formed clearing bank with Lord Mandelson as its chairman, raised £25m in investment funds. After winning a banking license, the company was launched…

According to a tax specialist, the Post Office may be insolvent after claiming tax benefits for compensation payments made to post office operators. Dan Neidle is the director of the non-profit Tax Policy Associates. He said that the…

Pressure is mounting on the government to review more than £2bn in new contracts awarded to Fujitsu since a court ruling in 2019 found its Horizon IT system caused accounting errors that were blamed on 900 post offices . Since the…

According to the top executive of the project, there is no guarantee that the cost will not increase further. Sir Jon Thompson, the chair of HS2 told MPs that the official estimate of what is left of the controversial project was between…

Pennon, listed owner of South West Water, has bailed out a privatised supplier of some of England's wealthiest addresses. Sutton and East Surrey Water, one of the nation's most financially distressed water providers, was placed on a…

Fitness First blames working at home as the reason for its inability to attract people to inner-city gyms. After lockdowns "decimated" its membership, the chain reported that recovery had taken "longer than expected". Fitness First…

The British manufacturers are confident that they will be able to expand the industrial sector of the country and turn the tide on history. Make UK, the industry association, has released a snapshot survey that shows manufacturing could…

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

Ryanair says it has seen a decline in the number tickets it is able to sell since major online booking sites removed the budget airline's flights. In early December, the largest online travel agents, including Booking.com and Kiwi,…