Trustpilot Shares Bounce Back but the Damage to Its Reputation Looks Harder to Reverse
Trustpilot shares rebound, but a damaging short-seller report leaves deep questions about its business model.
Mark Rogers
Netflix Seals $72bn Deal for Warner Bros, Hollywood Giants Unite
Netflix buys Warner Bros for $72bn, creating a streaming and film giant, pending regulatory approval.
Global Equities Retreat as Traders Brace for Nvidia Earnings and Delayed US Jobs Data
US and global stocks fall as traders brace for Nvidia earnings, delayed jobs, and risk-off positioning.
Starmer and Reeves Drop Tax Hike Plan
Government scraps income tax rise after party revolt, exposing deep fractures and a shaky grip on economic policy.
Digest: Burberry Bounces, Rolls-Royce Upgrades Profits, Scotland Eyes Bonds
Burberry recovers, Rolls-Royce upgrades profits, housing stalls amid Budget nerves, Scotland plans first government bonds.
How Zhimin Qian’s $6bn Bitcoin Empire Crumbled
Zhimin Qian’s $6bn Bitcoin empire collapses, leaving thousands of victims and a UK legal battle.
Tesla’s $1 Trillion Pay Deal Proves One Thing – Musk Calls the Shots
Elon Musk secures a $1tn Tesla pay deal, proving once again that limits don’t apply.
US Futures Slip as Tech Hangover Lingers and Investors Await Fresh Data
US futures dip as tech worries linger, investors eye ADP jobs and ISM services data.
Markets on Edge as Palantir Fever Starts to Cool
Palantir’s steep valuation spooks investors despite strong earnings, dragging US tech futures lower this morning.
Rachel Reeves’s ISA Plan Looks More Like a Tax Raid Than a Strategy
Reeves’s plan to cut cash ISA limits looks less like reform and more like a tax raid.
NatWest Delivers a Surprise Profit Jump, Finally Giving Investors Something to Cheer
NatWest profit jumps 30%, upgrades 2025 outlook as income and margins beat expectations.
Lloyds’ Profit Takes Major Hit as Motor Finance Scandal Costs Bite
Lloyds profit falls 36 per cent after doubling motor finance provisions, showing FCA redress costs’ heavy impact.
Barclays Boosts Share Buybacks While Motor Finance Costs Rise
Barclays accelerates share buybacks and upgrades RoTE despite rising motor finance costs and regulatory charges.
UK Borrowing Surges as Government Scrambles Ahead of November Budget
UK borrowing hits £20.2bn, highlighting government mismanagement and growing risks to the country’s finances.
The $14bn Bitcoin Bust That Reads Like a Crime Thriller
$14bn in bitcoin seized from Chen Zhi’s global scam empire exploiting victims and laundering wealth.
The Great Crypto ETN Waiting Game: Unbanned but Unavailable
FCA lifts crypto ETN ban but platforms delay access until 2026; confusing ISA rules add to investor frustration and regulatory chaos.
UK Jobs Market Weakens as Wage Growth Slows and Payroll Numbers Decline
UK jobs market weakens as wage growth slows, payroll employment falls and vacancies decline, ONS figures show.
John Lewis Partnership Losses Widen to £88m as Restructuring and Regulatory Costs Hit
John Lewis Partnership halves-year losses rise to £88m as restructuring and regulatory costs weigh, Guardian reports.
Currys Shares Soar on £50m Buyback and Strong Start to Year
Currys shares surged after launching £50m buyback and reporting strong sales momentum across regions.
M&G Profit More Than Doubles on Strong Flows and Investment Gains
M&G’s first-half profit more than doubled as investment gains and strong inflows lifted results.
Hilton Food Shares Sink 19% as White Fish Shortage Hits Profits
Hilton Food shares plunge as white fish shortages fuel inflation, cutting profits despite revenue growth.
Wise Eyes UK Banking Licence
Wise is exploring a UK banking licence as it doubles down on payments and eyes global expansion.
UK Borrowing Costs Hit 27-Year High as Fears Mount Over Public Finances
UK gilt yields hit soar, intensifying debt fears and raising questions over Labour’s economic credibility.
Aberdeen looks to ditch Finimize in another reversal of past CEO’s legacy
Aberdeen moves to sell Finimize, unwinding another costly bet as new CEO reshapes the group.
Drax shares slump 9% as FCA launches probe into biomass sourcing disclosures
Drax shares sink as FCA opened probe into biomass disclosures covering 2021–2023 reports.
PPHE shares sink 10% as losses widen and earnings outlook cut
PPHE shares drop 10% after losses widen, costs climb, and earnings outlook is cut.
Energy Bills Climb Again as UK Economy Faces Deeper Squeeze
Another energy bill rise deepens UK household strain, with debt fears sparking talk of an IMF bailout.
JD Sports launches £100m buyback as sales slip, shares swing
JD Sports adds £100m buyback as shares rise, despite sales declines across core markets.
Bunzl shares Jump as buyback resumes despite profit slump
Bunzl shares surge as buyback restarts, offsetting weak profit and slim sales growth in first half.
Revolution Beauty jumps 10% as founders return in survival shake-up
Revolution Beauty ends sales talks, raises £15m, brings back founders to lead turnaround; shares rise 10%.
Hays profits collapse, recruiter slashes dividend
Hays annual profit collapses 90%, dividend slashed as hiring market remains weak.
WH Smith halves North America profit guidance after accounting error, shares plunge
WH Smith cuts North America profit guidance, shares drop sharply as accounting error comes to light.
UK inflation climbs to 18-month high as air fares and food costs bite
UK inflation hit 3.8% in July, driven by air fares and food, raising stagflation fears
UK growth slows as early gains fade, raising pressure on Reeves’s fiscal targets
UK growth slowdown and widening trade gap threaten Reeves’s fiscal targets as inflation and economic strain persist.
Perplexity’s $34.5bn Chrome bid is like asking Apple to ditch Safari
Unfunded $34.5bn Chrome bid arrives amid antitrust pressure, but analysts doubt Google would ever sell.
Claire’s collapse threat lays bare the slow death of Britain’s high streets
Claire’s UK collapse threat highlights falling footfall, online competition and the accelerating decline of Britain’s high streets.
Lloyds signs up to PayPoint’s BankLocal
Lloyds embraces PayPoint’s BankLocal, expanding cash deposit access while raising questions over the future of branches.
Spirax Jumps 15% on Earnings Beat and Strong Growth
Spirax rallies after earnings beat, Electric Thermal leads growth, restructuring set to boost margins in second half.
Tesla Seeks UK Energy Licence to Challenge Big Suppliers
Tesla aims to disrupt UK energy market, potential for cheaper bills but risks remain.
New Princes Signals London Listing to Kickstart Fresh Wave of Floats
New Princes plans a £700 million London IPO aiming to revive the UK market and boost investor confidence.