Finance
687
Calls to boycott dairy company over use of methane-reducing food additive to tackle burping cows
One the UK’s biggest dairy companies is facing a public backlash after including a new controversial additive in its animal feed in a bid to tackle burping cows.
801
Ministers consider renationalizing British Steel if rescue plan fails
Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese owners
804
New Covid corruption chief to leave ‘no stone unturned’, Reeves warns
Tom Hayhoe has been appointed to to claw back taxpayers’ money wasted on deals during the pandemic.
550
British manufacturer TI Fluid Systems agrees to a £1bn takeover by a Canadian rival
It marks the latest loss for the London Stock Exchange amid a flurry of takeover deals and speculation this week.
678
Money trail raises questions about deposed Bangladeshi elite’s £400m UK property empire
Associates of former Bangladeshi PM Sheikh Hasina have spent millions buying up top-flight property assets in the UK
765
Bank of England warns about risks from increasing global trade barriers
The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers.
741
TV licence fee to increase by £5 to £174.50 in 2025
The cost of a TV licence is to rise by £5 to £174.50 in 2025, the government has announced.
778
Welcome to China Street: fraudulent businesses taking over UK homes, creating a ’huge tax black hole’
Bogus online businesses could be cheating the exchequer of ‘hundreds of millions’ of pounds in tax, LBC has learned, with MPs calling on Companies House to do more following our findings.
838
Vauxhall’s owner plans to close Luton factory
The owner of Vauxhall has announced plans to close its van making factory in Luton, putting about 1,100 jobs at risk.
909
Thousands of jobs to go at Bosch in latest blow to German car industry
Bosch, the world’s biggest car parts supplier, has said it will cut thousands of jobs, blaming a slower-than-expected transition to electric, software-controlled vehicles.
826
London rents rise again as Savills warns of double-digit increase across the UK
Analysts have warned rents are being pushed to unsustainable levels amid another yearly jump and concerns there is no natural plateau in sight.
814
Ford to cut hundreds of UK jobs in major round of European layoffs
Ford has said it will cut around 4,000 jobs in Europe, including 800 in the UK and 3,000 in Germany, as it grapples with the transition to electric vehicles (EV).
868
Inflation rises to 2.3% in October after jump in energy bills
Inflation increased to 2.3% in October after a jump in energy bills.
732
Winter fuel cut to push 50,000 people into poverty next year
An additional 50,000 pensioners will be living in relative poverty next year as a result of cuts to the winter fuel allowance, the government’s own estimates have revealed.
629
Budget tax hikes could push more firms into financial trouble, warns insolvency specialist
National insurance increase and higher interest rates mean company failures will stay high, says Begbies Traynor
618
Owner of Aberdeen and Glasgow airports sold in £1.53bn deal
Spanish construction giant Ferrovial and joint venture partner Macquarie agreed to sell AGS Airports to AviAlliance.
750
Major banks announce consecutive interest rate hikes, warning they’re “not small”
A string of big lenders have announced interest rate hikes one after the other - as the mortgage market takes a turn for the worse.
789
UK’s largest lender reports house prices at record high
Reeves’s budget could slow demand but prices have not fallen significantly since post-pandemic ‘race for space’
871
Post-Brexit border scheme to simplify trade delayed once more
Single Trade Window designed to reduce friction on imports and exports will be halted until at least 2026 amid cost fears
634
Wall Street and bitcoin soar to record highs as Trump wins US election
Dollar up and renewable energy stocks down, while shares in president-elect’s media business rise by more than a third
807
Bitcoin hits a new record of £58,000 just hours after odds shortened on a Trump win
Bitcoin has reached its highest-ever value as Donald Trump moves closer to an election win.
795
University tuition fees in England set to rise for the first time in eight years
Fees have been frozen at an annual level of £9,250 since the 2017/18 academic year but Education Secretary Bridget Phillipson has now confirmed they will rise from April 2025.
636
10 unpleasant budget surprises hidden in the details – some anticipated, others unexpected
Chancellor Rachel Reeves’ 2024 Budget includes huge funding announcements to rescue public services but there are some nasty details buried in the financial statement
948
Barclays wins bid to reduce UK investors’ $727 million ’dark pool’ lawsuit
Barclays (BARC.L), opens new tab on Friday won its bid to more than halve a shareholders’ lawsuit worth up to 560 million pounds ($727 million) at London’s High Court for allegedly misleading the market about its private "dark pool" trading platforms.
625
Simon Harris warns that the lack of infrastructure could become a ’drag’ on Ireland’s competitiveness
Irish prime minister speaks of need to overcome housing and infrastructural deficits to maintain foreign investment
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