Big tech hits back as CMA flags ‘harmful” cloud dominance by Microsoft and AWS July 31, 2025 Big Tech companies have pushed back against a damning report from the UK’s competition watchdog, which warned that Microsoft and Amazon’s dominance in the £10.5bn cloud computing market is stifling competition and harming UK businesses. The Competition and Markets Authority (CMA) on Thursday published the final findings of its 21-month cloud investigation, concluding that Microsoft [...]
Another blow to London as Just Group goes to Canadian manager July 31, 2025 The London Stock Exchange lost yet another constituent to foreign ownership on Thursday, after pension insurer Just Group agreed a bumper takeover deal from Canadian asset manager Brookfield Wealth Solutions (BWS). The FTSE 250 firm’s board told markets it had accepted a £2.4bn offer from the North American company in a deal valuing the firm [...]
Investors put off by complicated wealth management tools July 31, 2025 Half of people who want help investing, feel “dissatisfied” with traditional wealth management tools, believing them to be too expensive or complex, a new survey has found. Two thirds of UK investors believe not enough people invest due to being unable to use complicated wealth management tools, according to research from wealth management platform Stratiphy. [...]
Rachel Reeves could use bank windfall tax to plug Labour’s U-turns July 31, 2025 Rachel Reeves could launch a fresh tax grab on banks to plug the spending holes left by Labour’s recent U-turns, new analysis has found. The Chancellor is poised to hike taxes in the Autumn Budget after a series of government policy switches eroded her already wafer-thin fiscal headroom of £9.9bn. This comes as fresh research [...]
Investors continue to opt for gold driving global demand July 31, 2025 Global demand for gold shows no sign of slowing down as investors and central banks continue to hoover up the safe haven asset. The precious metal rallied over the first half of the year, recording a 26 per cent rise against the dollar and outperforming almost all other major asset classes, according to the latest [...]
Meet the 60-year-old jockey riding at Glorious Goodwood July 31, 2025 At the age of 60, Entain’s chief marketing officer Charlotte Emery is making a high-profile horse racing debut today at Glorious Goodwood. She has spent the last few months preparing for the race, all while recovering from a serious injury she suffered late last year. Charlotte is the oldest rider in the Magnolia Cup, Goodwood’s [...]
Rolls-Royce: FTSE 100 shares spike as expectations beaten July 31, 2025 Shares in Rolls-Royce have spiked after the FTSE 100 giant revealed better-than-expected interim results. The Derby-headquartered group confirmed its underlying pre-tax profit had jumped from £1.03bn to £1.68bn in the first six months of its financial year while its underlying operating profit grew by 50 per cent from £1.14bn to £1.73bn. Rolls-Royce’s underlying revenue rose [...]
Regulators crack down on ‘bad practice’ in motor finance claims ahead of ruling July 31, 2025 The SRA and FCA teamed up to issue warnings over 'poor practices' in motor finance claims ahead of the Supreme Court ruling
FTSE 100 giants Rolls-Royce and Shell lead City market rally July 31, 2025 A fleet of corporate news helped the FTSE 100 edge up in early trading on Thursday with a number of rallies from the index’s heavyweights. Positive updates from Rolls-Royce and Rentokil helped London’s flagship stock market rise 0.5 per cent to 9.182.34 as markets opened. Rentokil topped the risers with a 11 per cent surge [...]
Endeavour Mining powers up dividends after earnings rise July 31, 2025 Endeavour Mining has dished out more returns to shareholders as its dividends hit a record $140m in the first half of the year, supplemented with $69m of share buybacks. The mining giant has taken advantage of the world’s enthusiasm for gold as it more than doubled its adjusted earnings before interest, taxes, depreciation and amortisation [...]