Lloyds to hand shareholders over £17bn by 2027, analysts say August 26, 2025 Lloyds Banking Group shareholders are set for a bumper payout with analysts projecting the lender will return over £17bn to investors by 2027. The FTSE 100 giant was listed as Jefferies analysts “preferred” banking stock following a strong year-to-date performance. Shares in Lloyds have jumped over 50 per cent since January. The bank received a [...]
Gordon Ramsay-backed brand recruits Red Bull F1 star as ambassador August 26, 2025 Red Bull Formula 1 driver Yuki Tsunoda has signed a deal to promote Gordon Ramsay-backed cookware brand HexClad. Tsunoda, 25, will wear the brand’s logo on his helmet when the F1 season resumes this week with the Netherlands Grand Prix at Zandvoort. Superstar chef Ramsay is a minority investor in HexClad and stars with the [...]
Is the UK’s digital services tax at risk from a US tariff threat? August 26, 2025 The Digital Services Tax (DST), a two per cent levy on the revenues of major tech firms, has become a key point of friction in the UK’s transatlantic relationship with the US. The tax, which came into force in 2020, was designed to address an imbalance where global tech giants generate significant revenue from British [...]
Ryder Cup rivals McIlroy and Scheffler lined up for TV clash at Trump course August 26, 2025 Ryder Cup stars Rory McIlroy and Scottie Scheffler are being lined up to captain opposing teams in a made-for-TV golf contest later this year, according to US reports. Masters champion McIlroy and world No1 Scheffler are set to lead four-man teams from the rest of the world and the US respectively in a skills-type format, [...]
London Stock Exchange gets go-ahead to run Pisces private stock market August 26, 2025 The Financial Conduct Authority has given the London Stock Exchange the green light to operate a new Pisces private stock market, clearing the path for the market’s launch later this year. The City watchdog confirmed on Tuesday that London’s flagship stock exchange had become the first operator to receive approval to run Pisces – a [...]
Wall Street ‘mocks’ idea of London listing, fintech boss says August 26, 2025 The founder of one of Britain’s fasest-growing fintech firms has said Wall Street “mocks” the idea of a London Stock Exchange listing. Barney Hussey-Yeo, chief executive of Cleo, said the head of investment banking at a global bank had “laughed” at the notion of his company listing in London. He added they had “assumed” Cleo, [...]
Thousands of savers overcharged on pension withdrawals by HMRC August 26, 2025 Thousands of people have claimed a refund on emergency tax on pensions after the HM Revenues & Customs (HMRC) overcharged savers an eye watering amount on their withdrawals. In total, 6,000 people successfully claimed a refund in the 2023-2024 financial year, a 20 per cent increase from the year before, according to figures obtained by [...]
Butlin’s boss: We’re not going to tax ourselves to success August 26, 2025 The chief executive of holiday park chain Butlin’s has hit out at Chancellor Rachel Reeves after saying increases taxes on businesses is not the way to improve the UK economy. Speaking on an up-coming episode of City AM‘s Boardroom Uncovered show, Jon Hendry Pickup said the country is “not going to tax ourselves to success” [...]
Pound edges up against dollar after Trump’s latest Fed attack August 26, 2025 The pound gained from a turbulent US dollar trading session on Tuesday after the greenback was stung by President Donald Trump’s attacks on the Federal Reserve. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – tumbled as much as 0.4 per cent as Trump said he had “sufficient [...]
Union threatens LA Olympics strike and issues $5bn demand August 26, 2025 The 2028 Los Angeles Olympics has been threatened with strike action by a union demanding a $5bn investment in local housing. The Unite Here Local 11 union has issued a list of demands ahead of the next Olympiad, insisting their 32,000 members could strike over the Olympics if they’re not listened to. They have asked [...]