HSBC: FTSE 100 lender’s profit slumps as legal costs jump October 28, 2025 Europe’s biggest lender, HSBC reported better-than-expected revenue in the third quarter, but recorded a double digit decline in profit as it set aside over a billion dollars following a fresh ruling on the Bernie Madoff fraud scheme. HSBC’s pre-tax profit fell to $7.3bn (£5.4bn) in the three months to September 30, a fall of nearly [...]
Mining boss: Journey from Aim to main market ‘too difficult’ October 28, 2025 The mining boss behind the London main market’s newest member has said his firm would not have transferred from Aim had he known how complicated the process would be, despite the junior market partly existing to act as a stepping stone to London’s principal exchange. Cobus Loots, the chief executive of South African-based gold miner [...]
Fresh food inflation continues despite fall in overall shop prices October 28, 2025 The price of fresh food has continued to climb despite a broader softening in inflation at UK shops, according to new data. Fresh food inflation increased to 4.3 per cent year on year in October, against growth of 4.1 per cent in September and above the three-month average of 4.2 per cent, according to the [...]
Looking for growth is a lot better than hoping for it October 28, 2025 Rachel Reeves and Keir Starmer like to say that economic growth is the defining mission of this government, but as the latest data shows it’s starting to resemble Mission Impossible. While the government deserves credit for addressing some of the deep-rooted issues that have held back growth for so long – whether though planning reform [...]
Reeves’ National Wealth Fund faces ‘very challenging’ growth goal October 28, 2025 Rachel Reeves faces an uphill battle as she looks to use her National Wealth Fund to ramp up the government’s economic growth mission, top MPs have warned. The Chancellor has touted the new unit as a growth-focused initiative that would unlock over £70bn in private investment. But in a new Treasury Select Committee report, the group’s [...]
Labour’s payments regulation overhaul more ‘reshuffle than reform’ October 28, 2025 The Labour government’s plan for a payments system revolution has fallen flat, a top trade body has warned, despite the Treasury’s promise of an “ambitious rethink” of regulatory structure. Chancellor Rachel Reeves unveiled her National Payments Vision (NPV) in her 2024 Mansion House address where she said the plan would include “decisive action to progress [...]
Exclusive: Reeves risks Black Market Britain with gambling tax hike October 27, 2025 Chancellor Rachel Reeves risks creating “Black Market Britain” if next month’s Budget sees significant tax raids on the gambling sector. Industry insiders have warned of the potentially catastrophic impact on bookmakers and gambling firms if levies on betting and online slot machines are hiked in line with recommendations by former Prime Minister Gordon Brown. The [...]
Rachel Reeves alerts top investors on tax rises and spending cuts October 27, 2025 Chancellor Rachel Reeves has sent a message to international investors on incoming tax hikes and spending cuts in an effort to ease market nerves ahead of this year’s Budget. Speaking at the Future Investment Initiative – or ‘Davos in the Desert’ – in Riyadh, Saudi Arabia, Reeves prepared investors for a more difficult Budget next [...]
Left-wing think tank urges Labour to amend Employment Rights Bill October 27, 2025 A left-leaning economics think tank that was the former workplace of Treasury ministers has called for a major change to be made to Labour’s flagship Employment Rights Bill in a last-ditch demand before workers’ rights are written into law. The Resolution Foundation, which was formerly led by Budget mastermind Torsten Bell, has called for a [...]
Looking for Growth? Look no further. October 27, 2025 The fury online is palpable, high-fliers feel undervalued, and ‘Britain is Broken’ has become the ridiculing punchline enjoyed by American crypto traders and digital nomads. Here though, at a mini arena in Greenwich on a Thursday night, Looking for Growth – LFG – is not a lost cause. Some attendees are unsure exactly what they [...]
