UK News
UK services output rises 0.2% in September after August revised to a fall
Services output rose 0.2% in September, but August was revised to a 0.1% fall from no growth, while third-quarter services growth reached 0.9%.
Financial News: UK and global finance, markets and business news
Banking & Finance
AIR Global net loss hits $74.2m despite new dividend push
AIR Global net loss reached $74.2m over nine months, even as the group launched a dividend and $100m…
Banking & Finance
Kraft Heinz investor day: 2029 return goal, flat 2027 first
Kraft Heinz investor day sets a 2029 double-digit shareholder return goal but warns 2027 organic sales will stay…
Banking & Finance
Eli Lilly wins China approval for weight-loss pill orforglipron
China weight-loss pill approval for Eli Lilly's orforglipron puts it ahead of Novo Nordisk,…
Banking & Finance
Ofcom Fines Meta £596,700 Over WhatsApp Business Data Errors
Ofcom fines Meta £596,700 over repeated inaccuracies in WhatsApp Business data, a penalty dwarfed by the…
Business
MSFT Stock at $521: Why Microsoft Is Spending $117 Billion and Still Losing Ground to Its Own Partners
There is a moment that perfectly encapsulates Microsoft's peculiar current situation. Claude Sheets, Whiteboards, and Data…
Markets
BE Stock Surges 13% in One Day — Is Bloom Energy the Quiet Winner of the AI Power Race?
On November 11, Bloom Energy had an amazing session. The San Jose-based fuel cell manufacturer's shares…
UK News
Chancellor cuts Asset Purchase Facility ceiling to £482.4bn as gilt sales to government are weighed
The Chancellor and the Bank of England cut the APF ceiling to £482.4bn from £524.9bn, with…
The Briefing
All newsEssential reads from the newsroom, in brief.
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PRA scraps trading book excess allowance and caps third-party exposures at 85% of Tier 1
The PRA has replaced the 500% trading book excess allowance with an 85% of Tier 1…
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Vodafone upgrades profit and cash flow guidance after first-half results
Vodafone raised its profit and cash flow guidance on 8 October, having said in July it…
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UK gross reserves fall $5.9bn to $220.0bn with no intervention in October
UK government gross reserves fell to $220.0bn in October and Bank of England gross holdings dropped…
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Burnham plans law forcing all employers to publish pay on job adverts
The Prime Minister says employers will have to state salaries on job adverts by law, with…
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IAG nine-month pre-tax profit falls 15.8% as fuel bill rises 18.6%
British Airways owner IAG reported nine-month pre-tax profit of €3,045m, down 15.8%, as fuel costs climbed,…
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Markets
| Instrument | Price | Change |
|---|---|---|
| FTSE 100 | 10,863.09 | +0.25% |
| S&P 500 | 7,592.40 | -0.35% |
| GBP/USD | 1.3239 | -0.82% |
| EUR/USD | 1.1055 | -1.02% |
| Brent | $95.83 | +3.31% |
| Gold | $3,882.70 | -2.94% |
| Bitcoin | $71,443 | -3.41% |
Prices delayed. Updated 22:06 UK time
Banking & Finance
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Take-Two shares climb despite ~15% revenue fall before GTA VI
Take-Two revenue fell 15.4% in fiscal Q2 2027, but shares rose 2.06% as the firm lifted guidance ahead of the GTA VI launch.
Markets
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Economy
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HMRC raises late payment interest to 8% after Bank Rate rise to 4%
HMRC late payment interest rises to 8.00% from 7.75% and repayment interest to 3.00% from 2.75%, after the Bank of England lifted Bank Rate to 4.00%.
Business
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Crypto
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Phong Le’s Strategy Bitcoin Trade: Sell at $60K, Buy Back at $80K, Call It a Win
The trade seems like something you would joke about at a dinner party on its face. Sell about…
Property
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UK Fixed Rate Mortgage Increases Hit a Three-Year High — and Millions of Homeowners Are Running Out of Time
There is a specific type of financial anxiety that develops covertly. Standing in a kitchen on a Tuesday…
Legal
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Houston Unauthorized Tax Preparer Conviction: How One Woman Built Two Frauds Into a Single Federal Case
Inflated deductions, fictitious businesses, and misreported income are common patterns in tax fraud cases. The Levi Casildo Castro…
Careers
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Peter Thiel Artificial Intelligence Investment Just Shifted — and It’s Not What Anyone Expected
Peter Thiel is known for his early insights. When Facebook was still a college networking site, he was…
Technology
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CMA names new subcommittee member on Google mobile case after steering consultation
The CMA said Katie Kapernaros joined its Google mobile platform subcommittee in August, replacing Martin Coleman, after responses…
AI
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Meta and Nvidia Partnership: The $3 Billion Deal That Changes How AI Gets Built and Who Pays for It
In one version of this narrative, Nvidia is just a chip manufacturer catering to its largest clientele. It's…
