Finance
892
Tyson Fury’s business empire is now worth over £80 million following remarkable growth
Tyson Fury has enjoyed yet another incredible financial year thanks to some big fights in Saudi Arabia and his mega-fortune keeps on rising as he continues to delay retirement
659
There is ’disbelief’ as US-UK trade deals are under threat after Britain dismissed its negotiators
Business community decries ‘act of arson’ as one-sixth of trade posts within British consulates in the US are scrapped
788
The Thames Water board approved a £150 million payout just hours before reversing their decision on funding
Ofwat to investigate circumstances around payment of dividend to intermediate parent company
811
Strike could force major steel plant to shut down next week
Workers at Tata Steel have been told that the company is taking steps to potentially cease operations at the Port Talbot plant by 7 July because of a strike by the trade union Unite.
636
UK economy grew more than initially estimated in early 2024
The economy grew by more than initially estimated in the first three months of 2024 as the UK emerged from recession, revised official figures show.
810
Bank of England warns global wave of elections could impact UK financial system
Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year
744
Major bank to close 60 more branches for good
Branches across three of the bank’s brands will be closing
872
French court dismisses corruption challenge in Cameroon food venture dispute
A French court has rejected a Cameroonian businessman’s attempt to set aside an ICC award in favour of a Spanish food group based on allegations it terminated their partnership to benefit from corrupt links with Nigerian officials.
629
International scheme to tax billionaires’ wealth is technically feasible, study finds
Proposal could net up to $250bn a year in extra revenue, says report commissioned by Brazil for G20
930
Major buy now pay later firm with 300,000 users collapses into administration
Here’s what it means for you
816
British trading platform CMC Markets forecasts higher annual operating income, shares surge
British trading platform CMC Markets (CMCX.L), opens new tab on Thursday forecast higher operating income in 2025 after a 52% jump in annual profit aided by strong retail and institutional trading and tight cost control measures, boosting shares to a near-two-year high.
730
Bank of England keeps rates at 16-year high before UK election
The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4’s UK election, but the prospect of a future rate cut moved closer as some policymakers said their thinking was now "finely balanced".
914
How Brexit’s aftermath hindered climate action in Northern Ireland
Politicians shut down the Stormont Assembly for two years. Among the casualties: Northern Ireland’s hopes of greening its economy.
882
UK achieves 2 percent inflation target
The metric bolsters a beleaguered Conservative party that had made inflation a central issue ahead of the July 4 election.
877
HSBC’s Swiss private banking arm breached money-laundering rules, regulator finds
Finma watchdog says bank failed to carry out adequate checks of two high-risk business relationships
1046
Tech layoffs from Tesla, Google, Microsoft, and TikTok bring the total to nearly 100,000 this year
Global tech layoffs are nearing 100,000 this year as the likes of Tesla, Google and Microsoft continue to shed employees in a bid to satisfy investors.
818
London surpasses Paris as Europe’s largest stock market following Macron’s election gamble
Emmanuel Macron’s election gamble has caused France to lose its crown as Europe’s biggest stock market, with London retaking the title after spending most of the last two years in second place.
937
Spanish drivers hired to deliver Amazon parcels in UK take legal action over pay
Some of the drivers say they were not paid in full and in some cases billed thousands for vehicle damage
647
Barclays suspends sponsorship of festivals including Download and Latitude after boycotts
Following protests from fans and artists, the bank Barclays has pulled its sponsorship from festivals including Download, Latitude and the Isle of Wight festival.
869
Dutch lorry drivers may cease transporting goods to the UK if post-Brexit delays are not reduced
Dutch hauliers say facilities at border posts where some trucks are held for up to 20 hours are inadequate
937
High street bank with 3.1 million customers hit by glitch causing payments to be taken twice
Customers at a high street bank have been left furious after being charged twice in a tech glitch.
760
Former BHS directors ordered to pay £18 million over chain’s collapse
Two former directors of BHS have been ordered to pay at least £18m to creditors over their role in the collapse of the retailer eight years ago.
734
Iceland issues license to the country’s last whaling company to hunt 128 fin whales
Conservationists criticise ‘disappointing’ and ‘dangerous’ move to allow harpooning of fin whales after curbs last year
840
Beefeater owner threatened with legal action over plan for 1,500 job cuts
Union claims Whitbread, which also owns Premier Inn, has not consulted properly with restaurant staff
898
General Election 2024: hopes for interest rate cut suffer further setback
The final set of employment figures before polling day show wages continuing to grow at way more than double the rate of inflation, which is a double-edged sword for Rishi Sunak’s government.
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