Financial

Sales at the National Lottery have declined under its new Czech operator Allwyn International, with delays to new games and technological implementations weighing heavily on performance during the crucial transition period. The…

Chinese authorities have announced a significant shift towards a "moderately loose" monetary policy, marking the first change in their economic stance in 14 years. The move comes as the world's second-largest economy grapples with…

The Bank of England has raised significant concerns about hedge funds' growing influence in the UK government debt market, highlighting potential systemic risks to financial stability. Deputy Governor Dave Ramsden has specifically pointed…

The UK government's National Wealth Fund (NWF) is positioning itself to support a domestic gigafactory, marking a significant move in the Labour administration's green energy investment strategy. Under the leadership of newly appointed…

Global consultancy giant Deloitte has launched legal proceedings against three prominent Asian partners, including a senior Chinese executive, over allegations of orchestrating a mass defection whilst attempting to misappropriate…

Dramatic findings from a recent international study suggest the Arctic Ocean may experience its first ice-free day before 2030, significantly earlier than previous forecasts indicated. This revelation comes amidst observations showing the…

Leading social mobility organisations have called upon UK financial regulators to mandate reporting of employees' socio-economic backgrounds in a bid to shatter the persistent 'class ceiling' within the financial services sector. The…

Britain's largest wealth manager, St James's Place (SJP), has made the decisive move to terminate its annual extravagant staff gatherings in London and the prestigious spring sports retreat at Scotland's Gleneagles hotel, marking a…

EMV Capital (AIM:EMVC) has successfully completed an oversubscribed £1.5 million fundraising round at a 15% premium to market price, demonstrating robust shareholder confidence despite challenging market conditions. The deep-tech and…

Shareholders in the embattled property firm Home Reit have received a lifeline from distressed asset specialist Southey Capital, which has launched a bid valuing the company at £32 million. The specialist investment firm is offering…

Insurance losses from natural catastrophes are projected to exceed £135 billion in 2024, marking the fifth consecutive year losses have surpassed the £100 billion threshold. The staggering figures have prompted urgent calls from leading…

The UK's pension protection safety net has dramatically revised its funding level estimates for defined benefit pension schemes, slashing £283 billion from previous calculations whilst maintaining the schemes retain a "strong" overall…

British insurance powerhouse Aviva has intensified its pursuit of Direct Line, raising its takeover offer to £3.4 billion in a strategic move that could reshape the UK insurance landscape. The enhanced proposal of 261 pence per share…

The chief executive of Lloyds Bank has warned that a recent legal ruling concerning car financing agreements has created significant investment uncertainty within the consumer finance sector. Charlie Nunn expressed serious concerns about an…

In a landmark move that reshapes the private credit landscape, BlackRock, the world's largest asset manager, has struck a deal to acquire HPS Investment Partners for £9.5 billion ($12 billion), marking a significant expansion into the…

Major creditors of Thames Water have issued a firm directive to Britain's water regulator, stating that a proposed £3bn emergency loan cannot be used to settle outstanding fines. The UK's largest water utility, serving 16 million customers,…

A significant shake-up in the UK's smart meter industry is underway as private equity group EQT and Singapore's sovereign wealth fund GIC prepare to acquire Calisen in a deal valued at approximately £4 billion. The Manchester-based smart…

A London-listed gold miner, backed by prominent financier Nick Candy, has launched a significant bid for its rival amid a surge in gold prices reaching historic highs this year. Metals Exploration, trading on London's junior AIM market and…