UK mortgage brokers expect interest rates to jump March 7, 2025 According to a new study, over two-thirds of UK mortgage brokers expect interest rates to stop falling and resume their upward trend by the beginning of next year. Butterfield Mortgages surveyed 300 brokers and 69 per cent said they believed the Bank of England base rate would be higher than the current level of 4.5 per cent [...]
Football Regulator: Reform UK demand government ‘leave football alone’ March 7, 2025 Reform UK has slammed plans for a football regulator interfering in the Premier League, insisting the government should “leave it alone”. A Westminster Hall debate this week drew sarcastic digs from both sports minister Stephanie Peacock and her shadow counterpart Louie French on the football regulator, which has recently concluded a series of debates in [...]
Wong and Man set to Improve their tally March 7, 2025 25-year-old Britney Wong has been given a great opportunity to get her name up in lights at Sha Tin when she partners all-weather specialist SELF IMPROVEMENT in the Sa Po Handicap (7.35am) over six furlongs. 10-pound claimer Wong learnt her race-craft by riding winners in both Australia and New Zealand before starting her new career [...]
Government could take Abramovich to court over £2bn from Chelsea sale March 7, 2025 The government is reportedly preparing to take former Chelsea owner Roman Abramovich to court to get their hands on £2bn from the sale of the club. The oligarch previously said that the money from the sale, currently frozen in a bank account, would go to those hit by Russia’s invasion of Ukraine. But ministers have [...]
IWD 2025: The biggest fights ever in women’s boxing March 7, 2025 In a move designed to coincide with International Women’s Day this weekend, the Royal Albert Hall is staging a night of all-female boxing headlined by the unification bout between Britons Natasha Jonas and Lauren Price on Friday. For one night only, the grand London venue best known for staging the Proms will be filled with [...]
Rate-setter calls on Bank of England to adopt ‘activist’ approach to rates March 6, 2025 The Bank of England should adopt a more activist approach to setting interest rates in order to deal with the “substantial volatility” affecting geopolitics and financial markets, a rate-setter has said. Catherine Mann, an external member of the Bank’s Monetary Policy Committee (MPC), argued that rate-setters should be more willing to vote for more radical [...]
Week in Business: Who will Rachel Reeves blame for higher taxes in Spring Statement? March 6, 2025 City AM Editor Christian May looks at the biggest business stories in his weekly video, today focusing on the UK economy and upcoming Spring Statement.
Klarna set for US IPO in snub to London markets March 6, 2025 Swedish fintech Klarna is looking to raise a minimum of $1bn (£777m) in a US initial public offering (IPO), sources told Bloomberg. Klarna’s US filing, which could come as soon as next week, will see the firm target a valuation of more than $15bn in the New York Stock Exchange, according to people familiar with [...]
Entain: Ladbrokes owner’s profit jumps thanks to online revenue growth March 6, 2025 British bookmaker Entain has reported a 12 per cent jump in annual profit as it returned to organic growth. The expansion was driven by online expansion and a better-than-expected performance at its UK and Ireland businesses. The Ladbrokes owner told the market on Thursday that earnings before interest, tax, deprecation and amortisation (EBITDA) rose 12 [...]
Melrose shares tumble as five-year targets fail to wow investors March 6, 2025 Shares in Melrose Industries tumbled more than 13 per cent on Thursday after a new set of five-year targets failed to chime with investors. GKN Aerospace’s owner is targeting £1.2bn in adjusted operating profit and around £5bn in revenue by 2029. It is also looking to secure annual earnings per share growth of more than [...]