Heathrow: Earnings jump despite cost warnings July 23, 2025 Heathrow Airport’s earnings before interest, taxes, depreciation and amortisation (EBITDA) edged up by 0.8 per cent in the first half of the year compared to the first six months of 2024 despite fears energy bills and maintenance costs would deal a blow to its growth. The airport previously predicted a hit to its earnings, warning [...]
Starmer must face down the self-righteous clowns on his back benches July 23, 2025 Keir Starmer’s attempt to select compliant MPs has backfired, producing a rebellious and ill-informed parliamentary party that has already successfully vetoed its own government’s economic policy, says Paul Ormerod A fundamental feature of the social and economic world is that intentions are not the same as outcomes. Morgan McSweeney and his colleagues exercised very close [...]
Rachel Reeves: It’s not progressive to pay off US hedge funds for debt July 22, 2025 Chancellor Rachel Reeves has said there is “nothing progressive” about paying off US hedge funds which hold government bonds, hours after the Office for National Statistics (ONS) revealed debt interest payments in June were double levels seen at the same time last year. In a hearing at the Economic Affairs Committee, Rachel Reeves said she [...]
Brits back tax incentive plan to stop wealthy investors fleeing UK July 22, 2025 Two thirds of Britons support offering rich investors tax incentives to stop them leaving the UK, according to a new report, as the government has been urged to design a special scheme to boost UK growth. In a new paper by Onward and the Adam Smith Institute, around 67 per cent of the British public [...]
FCA urges UK insurers to improve motor insurance claim handling July 22, 2025 UK insurers have been urged to improve their claim handling skills after the UK’s financial watchdog found “concerning evidence” of poor practice in the motor insurance market. The Financial Conduct Authority (FCA) said hikes in motor insurance premiums were down to how claims are handled by insurers, adding that “insufficient management information” was resulting in [...]
Fraud risk surges as leaked files expose UK firms July 22, 2025 London’s cyber watchdogs are sounding the alarm over a growing wave of corporate data breaches, as new research reveals the vast majority of leaked datasets now include sensitive financial and personal files, fueling a sharp rise in fraud, cybercrime and reputational risk. A landmark study published on Tuesday by Lab 1, an AI-driven cybersecurity platform, [...]
Rachel Reeves oversees higher government borrowing than expected July 22, 2025 Government borrowing has overshot predictions, putting Rachel Reeves under more pressure to take control of public finances. The Office for National Statistics (ONS) said public sector borrowing hit £20.7bn in June, higher than market expectations which pencilled in just over £17bn in borrowing. Borrowing in June this year was some £6bn more than at the [...]
Why oh why are we still debating open banking in the UK? July 22, 2025 Open banking needs urgency – not more debate, write John Glen, three years on from opening the conversation as City minister.
Mitchells and Butlers on road to FTSE 100 if streak continues, City broker says July 21, 2025 City broker Peel Hunt has suggested Mitchells & Butlers, owner of hospitality chains All Bar One and Nicholson’s, could make its way into the FTSE 100 if it continues to outperform the market. Mitchells & Butlers has beaten the wider hospitality sector every year since 2017, growing at 3.9 per cent in the first quarter [...]
Retail profit warnings more than double as high street pressures mount July 21, 2025 Profit alerts among retailers more than doubled in the second quarter as consumers reined in their spending and firms faced soaring wage costs, according to a report. The latest report from EY-Parthenon also revealed that overall profit warnings among UK-listed firms jumped by a fifth year-on-year in the second quarter – with a record proportion [...]