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Analysts say that the Labour victory may have a positive impact on investment and confidence within…
Investors in City have stated that a landslide win for Keir Starmer at the general elections on Thursday would give Britain a premium of stability in global markets. This could boost the pound, share prices and investment in Britain during…
Unpaid UK caregivers ‘face financial hits that can last for decades’
People who care for family members without charge take a big hit on their finances. This could last into retirement, as they are unable to balance their paid work and their caring obligations.
According to a recent analysis by the…
Linda Yaccarino shakes things up at X after Elon Musk puts pressure on costs
Linda Yaccarino, a year since she was appointed chief executive of X, has shaken her inner circle as she is under pressure from Elon Musk. She faces the need to increase sales and reduce costs.
Three people with knowledge of the…
France’s conservative leader calls on pact with the far right
Ahead of the snap legislative elections scheduled for June 30, which have caused financial markets to tremble, the leader of France's centre right party has called on an alliance between his party and Rassemblement National of extreme…
The trial of’super ATMs’ in England has provided a new lifeline to bank customers.
The first of a planned series of "super-ATMs", which will allow customers from multiple banks to deposit cash and withdraw money for free, has opened its doors.
Major high-street banks are collaborating to install "multibank deposit…
Thinktank: UK faces a £33bn financial hole or a return to austerity.
A think-tank warned that Britain's new government would need to make up a deficit of up to £33bn in the public finances, unless they were willing to push through another round of severe austerity.
The Resolution Foundation stated that…
HSBC owes £143m to Barclay Family’s collapsed Logistics Company
New documents reveal that HSBC is facing steep losses due to the collapse of Barclay's vast business empire.
The British banking giant owes £143m to the Barclay Family's delivery company, which went into administration in March.…
Royal Mail delays results after 3.5 billion pounds bid for takeover
Royal Mail failed to publish their financial results in time due to audit delays. It is preparing for a £3.5bn acquisition by a Czech billionaire.
International Distributions Services, the parent company of IDS, was supposed to release…
Hargreaves Lansdown share price surges 20pc amid hopes for a bidding war
Hargreaves Lansdown shares rose the most since a decade ago on Thursday, after a surprise bid led to speculation about a bidding battle.
The FTSE 250 company's shares jumped nearly a fifth in one day, marking the largest rise since 2014.…
Ticketmaster is facing a breakup due to ‘illegally’ inflating ticket prices
US authorities launched a legal action to dissolve Ticketmaster following failed ticket sales by artists such as Taylor Swift, Bruce Springsteen and others. This sparked accusations of anticompetitive behavior.
The US Justice Department…
Citigroup fined for ‘fat-finger’ error which led to £1.1bn in mistaken orders
Financial regulators have fined Citigroup £61.6m after their internal systems failed in preventing a fat-fingered Banker from causing a Flash Crash by placing erroneously more than £1bn worth of orders.
The trader intended to sell $58m…
Tesla sales fall as European electric vehicle subsidies are cut
Tesla sales in Europe have plummeted after countries such as Germany and France cut subsidies to electric vehicles.
In the first four month of the year, sales at the Western leader in electric cars dropped by 8pc throughout Europe and…
Apollo and Intel discuss financing an $11bn chip factory in Ireland
US semiconductor giant Intel entered exclusive discussions with Apollo Global for the financing of an $11bn chipmaking facility in Ireland. Large corporations are increasingly turning to private capital groups to fund expansion projects…
Alibaba uses cloud services to become the leading AI investor of China
Alibaba is leveraging its cloud computing infrastructure in order to become the leading investor for China's artificial intelligence start ups. It offers them credits that they can use to access the limited network resources required to…
Oil price fixing is finally in the sights of regulators
A half-century ago, Philip Verleger, a well-known energy analyst and adviser to American companies that wanted to sue Opec over price fixing, became embroiled as a consultant in an antitrust fight.
That failed. Verleger's 2000 anti-Opec…
Airline pays £53m for selling tickets on cancelled flights
Qantas will pay A$100m (£53m) in penalties and A$20m to passengers as compensation for a legal dispute over the tickets it sold for cancelled flights.
The Australian Competition and Consumer Commission's (ACCC) fine is among the highest…
Banco Sabadell rejects BBVA’s €12 billion takeover bid
Banco Sabadell, a Spanish lender, has rejected BBVA's €12bn bid for its takeover. The proposed deal is "significantly below" the value of its own growth prospects.
Last week BBVA made a surprise bid for Sabadell. They said the merger of…
Gazprom suffers its worst loss for decades due to a collapse in sales to Europe
Gazprom, the Russian energy giant, has suffered its worst loss in more than 25 years after gas sales have been cut in half as a result of Vladimir Putin's Ukraine war.
The Russian president's invasion in Ukraine, which has caused the…