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Profits boost for UK defence firms as governments increase spending
UK NewsBusiness

Profits boost for UK defence firms as governments increase spending

Shares in Rolls-Royce jump by 5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecastsRolls-Royce and BAE Systems are expecting higher profits as governments around the wo...

The Guardian - UK News3 months ago
Raids across UK in crackdown on nuisance car finance texts
UK NewsBusiness

Raids across UK in crackdown on nuisance car finance texts

Laptops, phones and documents seized as information commissioner acts on messages about mis-selling scandalLaptops, mobile phones and documents have been seized after officials carried out search warr...

The Guardian - UK News3 months ago
Only the Middle East crisis is preventing a drop in UK interest rates
UK NewsPoliticsBusiness

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75%Business live – latest updatesThere is a threat of high inflation coming to the UK but only fr...

The Guardian - UK News3 months ago
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
UK NewsBusinessTechnology

Lloyds Bank to cut £2bn in costs as part of AI-powered strategy

Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job lossesBusiness live – latest updatesLloyds Banking Group will cut another £2bn of costs as...

The Guardian - UK News3 months ago
US borrowing costs hit 19-year high as Fed holds interest rates
UK NewsBusiness

US borrowing costs hit 19-year high as Fed holds interest rates

Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep paceBusiness live – latest updatesUS government borrowing costs have hit their highest level sinc...

The Guardian - UK News3 months ago
Shell’s profits more than double after jump in oil and gas prices
UK NewsBusiness

Shell’s profits more than double after jump in oil and gas prices

Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bnShell has posted its second highest quarterly earnings on record as the energy market surge c...

The Guardian - UK News3 months ago
Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’
UK NewsPoliticsBusiness

Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’

Industry wants mandate forcing manufacturers to sell increasing share of electric cars each year to be easedCarmakers are delaying final decisions to invest in UK factories until electric car sales ru...

The Guardian - UK News3 months ago
TfL brings case worth up to £1bn against carmakers over Ulez compliance
UK NewsBusiness

TfL brings case worth up to £1bn against carmakers over Ulez compliance

Transport for London claims polluting diesel vehicles had been able to enter clean air zone without having to payTransport for London is pursuing a potential £1bn legal action against car manufacturer...

The Guardian - UK News3 months ago
FTSE 100 hits record high despite AI sell-off
UK NewsBusinessTechnology

FTSE 100 hits record high despite AI sell-off

Strong corporate results buoy market as investors move money away from tech and semiconductor stocks London’s FTSE 100 stock index has touched a fresh high, driven by strong corporate results as inves...

The Guardian - UK News3 months ago
Heathrow passengers face higher fares as airport can recover early expansion plan costs
UK NewsBusiness

Heathrow passengers face higher fares as airport can recover early expansion plan costs

CAA says airport can recoup £320m through higher airline charges, which are usually passed on to travellersHeathrow passengers face decades of higher fares after the regulator overrode airline objecti...

The Guardian - UK News3 months ago
Datacentre projects face fees for grid access to ease connection queue, Ofgem says
UK NewsBusinessTechnology

Datacentre projects face fees for grid access to ease connection queue, Ofgem says

Energy regulator’s plan would mean upfront fees or financial security via letters of credit, bonds or cash depositsDatacentre projects in Britain will be forced to pay hundreds of millions of pounds t...

The Guardian - UK News3 months ago
‘Ask the right questions’: what you need to know before buying shares
UK NewsBusiness

‘Ask the right questions’: what you need to know before buying shares

Whether it is SpaceX or a bank, getting the right facts about a firm can offer vital insights before you invest in itWhen Elon Musk’s SpaceX launched on to the stock market, tens of thousands of Brito...

The Guardian - UK News3 months ago
UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts
UK NewsPoliticsBusiness

UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next a...

The Guardian - UK News3 months ago
South Korean stock market at three-month low as AI sell-off intensifies
UK NewsBusinessTechnology

South Korean stock market at three-month low as AI sell-off intensifies

Samsung and SK Hynix fall by more than 10% amid renewed fears over AI spending and Chinese competitionBusiness live – latest updatesThe sell-off in AI stocks has intensified, driving South Korea’s sto...

The Guardian - UK News3 months ago
More disruption to rail services in England as heatwave shrinks soil
UK NewsBusiness

More disruption to rail services in England as heatwave shrinks soil

South Western Railway joins operators in east of England in reducing train speeds and changing timetablesBusiness live – latest updatesPersistent drought conditions caused by the climate crisis are ex...

The Guardian - UK News3 months ago
GSK to cut jobs amid £1.9bn cost-cutting plan and bid for faster drug development
UK NewsBusinessTechnology

GSK to cut jobs amid £1.9bn cost-cutting plan and bid for faster drug development

Pharmaceuticals company is investing £400m in UK life sciences and moving scientists to new Cambridge R&D siteBusiness live – latest updatesThe British drugmaker GSK is to announce sweeping job cuts a...

The Guardian - UK News3 months ago
Marmite and Dove owner Unilever warns of price rises due to growing costs
UK NewsBusiness

Marmite and Dove owner Unilever warns of price rises due to growing costs

Consumer goods group reports strong sales growth, owing in part to World Cup marketing campaignsBusiness live – latest updatesUnilever has warned it will push through further price rises over the comi...

The Guardian - UK News3 months ago
ICE-linked security firm reports UK revenue slump after asylum contract ends
UK NewsBusiness

ICE-linked security firm reports UK revenue slump after asylum contract ends

MTC provided security at heavily criticised Manston centre in Kent – and could now make £500m managing arrivals at siteA private security company linked to Donald Trump’s immigration crackdown reporte...

The Guardian - UK News3 months ago
Burnham urged to increase tax on banks as Barclays’ profits soar
UK NewsPoliticsBusiness

Burnham urged to increase tax on banks as Barclays’ profits soar

TUC says lender ‘can easily afford to pay more tax’ as it increases half-year bonus pool by nearly 30%Business live – latest updatesAndy Burnham has been urged to launch a tax raid on UK banks, as Bar...

The Guardian - UK News3 months ago
Blow to NHS as Royal Mail raises prices for bulk users by a third
UK NewsBusinessHealth

Blow to NHS as Royal Mail raises prices for bulk users by a third

Average 25% increase for letters such as marketing, bills and medical appointment notices from 5 OctoberRoyal Mail will increase the price of its wholesale postal service by as much as a third, in a m...

The Guardian - UK News3 months ago