UK Job Vacancies Fall Sharply, Unemployment Drops Again
UK job vacancies fell by 19,000 between March and May, while unemployment eased to 4.9%. Wage growth exceeded forecasts, adding pressure on the labour market.
Category : Business Investments
Billionaire Trader Accuses HMRC of Gloating After Tax Loss
Billionaire Alex Gerko criticises HMRC for gloating after losing a Supreme Court tax dispute over a currency-trading fund, facing a £22.5m bill.
Matalan Narrows Losses, Sees Substantial Growth Opportunities
Matalan reports narrowed losses to £55m and hails substantial growth opportunities, with revenues up slightly to £987m and online sales rising 10%.
Tennick Accountants Merges with Kinder Accountants
Cramlington-based Tennick Accountants has merged with Hereford's Kinder Accountants, doubling its size and creating a 14-strong team across the North East and Herefordshire.
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EQT Finalises Yorkshire Water Stake Acquisition
Swedish private equity firm EQT has finalised its acquisition of a 42% stake in Kelda Holdings, parent company of Yorkshire Water, joining GIC and TCorp as overseas owners.
Birmingham Jobs Boost as France and India Invest £1.3bn
Birmingham is set to benefit from 1,400 clean energy and AI jobs as French and Indian firms invest £1.3 billion in the UK, Prime Minister Sir Keir Starmer announced at the G7 summit.
Jaguar Land Rover Targets US Wealthy, No Petrol Phase-Out
Jaguar Land Rover plans to focus on wealthy North American buyers for double-digit revenue growth, while CEO PB Balaji rules out phasing out petrol models entirely.
iFast Global Bank Launches 1% Cashback for QR Payments
iFast Global Bank introduces a 1% cashback campaign for QR payments, encouraging digital transactions and offering rewards for customers using the bank's QR payment service.
Smiths News Signs 10-Year Deal with News UK
Smiths News has signed a 10-year contract with News UK to distribute the Sunday Times and the Sun, adding £125m in annual revenue. The deal runs until 2037.
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AO World Profits Double on MusicMagpie Acquisition
AO World reports pre-tax profit surge of 145% to £51m, driven by MusicMagpie acquisition and cost-saving measures including outsourcing to South Africa.
Anker EV Charger Prime Day Deal with Solar
Anker's latest EV charger is on sale for Prime Day, featuring solar integration and smart charging capabilities for eco-conscious drivers.
UK Inflation Steady at 2.8% as Food Price Rises Ease
UK inflation holds at 2.8% in May, below forecasts, as food price rises ease. Core inflation at 2.6%, services inflation rises to 3.7%.
Aston Villa Set to Demand Huge Fee for Morgan Rogers
Aston Villa will resist selling Morgan Rogers unless a massive offer arrives. The club could generate £120m from player sales this summer, with Martinez, Bailey, and others potentially leaving.
Barclays Offers £600 Boost to Customers Who Switch
Barclays is offering £200 cash bonuses for standard account switches and up to £600 in Premier rewards, including dining and hotel stays, until August 27, 2026.
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Aldi Shortlists Balsall Common for New 2026 Store
Aldi announces 16 new UK stores for 2026, including Balsall Common near Solihull, as part of a £370 million investment to expand its network to 1,500 locations.
Sage Survey: Small Business Profits Up Despite Challenges
Sage's SME Performance Pulse reveals profit growth at highest since early 2022, but late payments remain a major issue for small firms across the UK.
Right Finance Key to Supporting Rural Wales Economy
Development Bank of Wales chief Giles Thorley argues rural economy is fundamental, not niche, and calls for tailored finance like the new Sustainable Agriculture Loan Scheme.
Spoon Cereals Raises £1.45m to Boost Growth
Spoon Cereals, a Barnsley-based granola brand, secures £1.45m investment to expand retail listings and enhance its new manufacturing facility.
Developer Eyes More Hull Regeneration After Albion Square
CapitalandCentric, the firm behind Hull's Albion Square revamp, plans further city centre regeneration, targeting over 200 homes and amenities.
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Birmingham City FC's £3bn Sports Quarter Advances
A £5.7 million funding recommendation for transport links supporting Birmingham City FC's £3 billion Sports Quarter, including a new stadium and 8,500 jobs.
NEL Secures £21.5m for North England Business Investment
NEL Fund Managers secures £21.5m to invest in high-growth SMEs across the North of England, supporting job creation and economic growth.
ABF Wins Approval for £75m Hovis Acquisition
Associated British Foods secures CMA approval for £75m Hovis deal, creating UK's largest bread brand after watchdog finds no competition concerns.
Somerset Gigafactory Parts Ways with Main Builder
Agratas, the Tata-owned battery maker, has ended its contract with Sir Robert McAlpine on the £4bn Somerset gigafactory, citing a need for a new construction model.
Rathbones £530m Blow After FCA Probe Suspends Client Inflows
Rathbones suspends client inflows after an FCA-ordered review, hitting £530m in gross inflows and costing £60m. CEO Jonathan Sorrell vows to become the UK's best wealth manager.
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Octopus Energy and ZE Energy Partner on Italian Battery
Octopus Energy Generation and ZE Energy announce a major battery project in Italy, set to power 130,000 homes daily by 2028, storing surplus renewable energy.
Bolton Council Approves Major Employment Park Masterplan
Bolton council has approved a masterplan for one of the UK's biggest employment sites near the M61, aiming to create up to 6,000 jobs despite concerns over traffic and greenfield loss.
New Business Units Near A303 Approved After Three-Year Wait
Somerset Council approves eight new business units at Cadbury Business Park, ending a three-year delay. Construction expected to begin this year.
Frasers Group Bids £166m for Australian Footwear Chain Accent
Frasers Group, owned by Mike Ashley, has made a £166m takeover bid for Australian footwear retailer Accent, seeking full control after holding a 22.9% stake.
Foresight Sees Strong Pipeline for Wales Investment Fund
Foresight Group reports strong deal pipeline for the £130m Investment Fund for Wales' equity element, with recent investments in diverse sectors including agri-tech and manufacturing.
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Sigma Exits Boots Talks, London IPO Prospects Rise
Australian pharmacy giant Sigma Healthcare has pulled out of negotiations for a £7.5bn private takeover of Boots, leaving the Weston family as the only remaining bidder and reigniting hopes for a London stock market flotation.
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