23 stories found
Political commentators and financial analysts caution that Prime Minister Andy Burnham must deliver concrete economic solutions to satisfy bond markets and sustain public approval. The upcoming budget is viewed as a critical test of his administration’s fiscal credibility.
Pharmaceutical company GSK is moving to a new £400 million research center in Cambridge, a move accompanied by encouraging news for shareholders. This investment is seen as a vote of confidence in British business.
The political mood appears to be shifting towards special administration for Thames Water, as the government objects to a proposed rescue deal, bringing nationalization closer.
JPMorgan's Jamie Dimon and other Wall Street giants are pitching SpaceX's upcoming IPO to ultra-rich clients, with Elon Musk speaking at pre-IPO investor events. However, SpaceX has been blocked from early entry into the S&P 500 index, as S&P Global reaffirmed its existing rules.
eBay has rejected a $56 billion takeover bid from GameStop, deeming the offer 'neither credible nor attractive.' The e-commerce giant also reportedly unbanned Ryan Cohen in connection with the rejected attempt.
The UK and France have signed a new £662 million deal aimed at stopping illegal migrant crossings in the English Channel. As part of the agreement, French beaches will see the deployment of riot police to deter migrants.
JP Morgan is reportedly considering building a new office in Canary Wharf, London, with discussions ongoing regarding potential incentives and 'sweeteners' from the UK Treasury to secure the investment.
A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflation Nils Pratley: A gas shock – not an oil shock – looks more…
The UK regulator Ofgem has announced a 4 percent increase to the energy price cap taking effect in October, which will raise average household bills to a three-year high. Consumers and policymakers are now navigating the financial strain as global market shifts and geopolitical tensions continue to drive up utility costs.
Britain faces ongoing concerns about energy security, highlighted by Centrica's gas storage warning, as the country still requires secure supplies, with Miatta Fahnbulleh identified as the new UK energy secretary.
UK manufacturers and unions are urging the government to implement a proper strategy to cut energy costs, warning that high electricity prices are threatening the industry with deindustrialization and further closures.
A proposal by the UK Treasury to implement food price caps in supermarkets has been met with strong opposition, with a major retailer's boss calling the idea 'completely preposterous.'
The future of British Steel faces hard decisions regarding a possible sale and future subsidies, with full nationalisation now being considered.
The UK government has announced what it calls 'bold action' to enhance the country's industrial competitiveness, addressing structural issues like high energy bills, though the assessment of its effectiveness is debated.
As the Iran War enters its fourth week, global energy prices continue to surge, with the oil market's seaborne buffer rapidly depleting, testing market optimism and leading Wall Street to confront an 'energy war', while G7 nations declare readiness to take all necessary measures to support global energy supply.
Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz Gas prices soar and oil jumps as Iran war pushes down global stock markets The…
Chinese fast-fashion giant Shein is set to go public in Hong Kong with a reduced valuation, raising significant questions about its long-term business model and market viability compared to a potential London listing.
An analysis argues that public ownership is not a universal solution for the utilities sector's problems, citing Welsh Water's history as an example of the complexities and costs involved in nationalization.
Business secretary Peter Kyle's ambition for the UK's first $1 trillion firm is deemed honorable, but critics suggest he is overselling the role of state activism and institutions like the British Business Bank and National Wealth Fund.
Keir Starmer is under increasing pressure regarding his leadership of the Labour Party following recent election setbacks, with speculation growing that Andy Burnham may return to Westminster to challenge him. This potential leadership contest has led to significant political turmoil within the party.
An opinion piece argues that Rachel Reeves's plan to mandate how UK pension funds invest, despite aiming for faster UK growth, is a mistake as fiduciary duty to clients should take precedence.
The UK government's ambitious target to build 1.5 million new homes in England is reportedly suffering setbacks, with the country's largest housebuilder cutting land purchases and rising costs impacting progress.
Businesses are expressing dissatisfaction with the Chancellor's proposed solutions to the high cost of energy for industry, calling for more radical thinking and a stronger response.