Financial

A publisher from the United States has entered the auction to purchase The Daily Telegraph at the last stages. The New York Sun owner, an American website with a right-leaning news agenda, expressed interest in acquiring the Sunday…

The shares of BMW fell after the automaker announced it would have to recall 1,5m vehicles due to a brake problem. This will cost it nearly €1bn. The German manufacturer stated that its annual earnings will be significantly lower than…

Investors say that the Bank of England, when it announces its plans to reduce the size of the balance sheet in the coming week, should expand the types of bonds it offers to increase market liquidity. In the last two-and-a half years,…

The head of a large North Sea oil producer warned that an "punitive tax regime" would hinder its plans to further invest in Britain. Chris Cox confirmed, as well, that Serica Energy was also looking to acquire companies outside of the…

After the Grenfell tragedy, councils and colleges awarded contracts worth millions of pounds to the building company that was found to be "considerable responsible" for . This is due to its "casual approach to fire safety". Rydon, a…

John Foley is a man who knows how to describe himself. He's 53 and a living example of the things that can go wrong with business. Shares can rise or fall, but he is a testament to this. He was once a stock-market darling. He co-founded…

Royal Mail may launch a website similar to a "bin-collection" to allow households to know when they will get their mail if regulators give the go ahead to reduce services. The company wants to reduce its costs and has proposed to move…

Group of creditors holding approximately £10 billion of Thames Water's £15 billion senior debt are set to gain access to the company's financial records and regulatory business plan. This move comes as they attempt to formulate a strategy…

Employees at the bookmaker Betfred have reported significant financial distress following a technical glitch in the company's salary advance system. The issue, which persisted for at least two weeks, left many of the firm's 8,000 staff…

Petrol and diesel prices at UK pumps have plummeted to their lowest levels in nearly three years, offering temporary relief to motorists. However, this respite may be short-lived as the Labour government is expected to introduce the first…

In a controversial decision, the Payment Systems Regulator (PSR) plans to significantly lower the maximum reimbursement for victims of authorised push payment (APP) scams from £415,000 to £85,000. This change follows strong lobbying from…

Aviva, the FTSE 100 insurance giant, faces serious allegations of tax evasion and regulatory violations in India, according to a report by the country's tax authority. The Directorate General of Goods and Service Tax Intelligence claims…

In a surprising turn of events, British property search powerhouse Rightmove is facing a potential takeover bid from Australian rival Rea Group. The news sent shockwaves through the property and financial sectors, with Rightmove's shares…

Prudential, the London and Hong Kong-based insurance and investment group, has reported a 6% increase in first-half profit to $1.54 billion, surpassing consensus forecasts of $1 billion. However, the company's growth in key markets such as…

The Financial Conduct Authority (FCA) has announced its intention to launch a comprehensive market study into the £4bn life insurance sector, focusing on pure protection products. This move comes amidst growing concerns that insurance…

As Prime Minister Keir Starmer warns of "painful" decisions ahead for the UK's public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While Chancellor Rachel Reeves has ruled out increases…

Richard Walker, the managing director of Iceland, has cautioned the Labour Party that a sudden and substantial rise in the minimum wage could potentially bankrupt his business. Walker, a former Conservative donor who shifted his support to…

One of Britain's largest undertakers, Dignity Funerals Limited, has taken steps to reduce its debts after raising concerns about its ability to continue as a going concern. The company, which was taken private from the London Stock Exchange…