14,040 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 13 of 141.
“It is short of funding to get to three per cent of GDP as defence spending will only increase to 2.7 per cent of the economy.”
“Major projects to be funded under the Dip include £8bn for the Global Combat Air Programme (GCAP) with Japan and Italy”
“Major projects to be funded under the Dip include £8bn for the Global Combat Air Programme (GCAP) with Japan and Italy, around £63bn for nuclear deterrence and £5bn on the army.”
“a few months after the UK will be projected to spend 2.6 per cent of GDP on defence.”
“Builders and engineers responsible for the luxury developments that turned Dubai into a desert boom town have called on the British government to help them recover hundreds of millions of pounds in unpaid debts. ACE said some members have …”
“Gross domestic product fell 1.8 per cent on a quarterly basis — the third-consecutive quarterly contraction — and 2.9 per cent on a year-to-year basis.”
“South Korea’s Kospi falling 8.3 per cent”
“Nasdaq was down one per cent after a bruising session yesterday”
“SpaceX plunged 16 per cent to $154”
“peak of $201 just a week ago”
“climbed 25 per cent in the days following its IPO in New York”
“raise at least $20bn (£15.1b)”
“net worth sinking by $350bn”
“net worth fell to $1.1tn, from $1.45tn”
“net worth stands at just shy of $300bn”
“were down four per cent by midday to 1,381.62p”
“was also down three per cent to 321.78”
“make up around 15 per cent”
“trading down 0.4 per cent to 10,391.72p”
“Antofagasta down nearly seven per cent”
“Anglo American and Fresnillo 5.5 per cent”
“Cac 40 in Paris was down 0.7 per cent”
“Germany’s Dax 1.1 per cent”
“Amsterdam’s AEX 1.4 per cent”
“Sage – one of the City’s biggest tech firms – was up 1.5 per cent to 814.40”
“KESA Electrical, the owner of Comet, yesterday said it had plunged to a £81.8m full-year loss due to a slump in demand for electrical goods.”
“The group, which owns a number of European electrical retailers including Darty in Frnace, boasted a pre-tax profit of £128.8m a year ago.”
“The losses were largely due to a write down of £118.5m in the value of its Spanish business Menaje del Hogars, as well as the price of cost cutting.”
“Kesa said it had taken steps to reduce costs, especially at Comet, where profits fell 76.5 per cent to £10.1m.”
“Earlier this month Kesa said it was in exclusive talks about selling its Swiss operations for SFr20m (£114m).”
“The group has a net cash position of £75m for the year end.”
“FTSE 100 0.7 per cent, or 28.69 points, lower at 4,387.54.”
“Banks were the worst performing large caps, with Barclays, HSBC, Standard Chartered, Lloyds Banking Group and Royal Bank of Scotland down 0.8 per cent to 4.6 per cent.”
“The Financial Services Authority disclosed details of its “stress tests” for banks saying it had based them on the assumption that GDP would shrink 6 per cent – causing many traders to reassess their assumptions about the UK banking sector…”
“The biggest blue chip loser was Man Group, the world’s largest listed hedge fund firm, which shed 6.9 per cent after it said assets under management had fallen over six per cent.”
“BP and Royal Dutch Shell gained 0.6 and 1.0 per cent respectively.”
“Oil explorer Cairn Energy added 3.5 per cent after its Cairn India unit said it was ready to start producing from its Rajasthan fields.”
“Tullow Oil rallied 2.5 per cent after recent falls.”
“Mexican silver miner Fresnillo was a top riser, up 3.4 per cent, while gold producer Randgold Resources gained 3.1 per cent and platinum miner Lonmin added 1.2 per cent. But BHP Billiton, Vedanta Resources, Kazakhmys and Xstrata lost 0.2 t…”
“Commercial broadcaster ITV was the top mid-cap riser, up 17.5 per cent to take its two-day rally to around 30 per cent as another broker, Merrill Lynch, upgraded its rating.”
“News that Mike Ashley’s Sports Direct had offloaded its 4.8 per cent stake in struggling rival JJB Sports, which dropped 2.68 per cent to 36.25p, led to a flurry of speculation over who the new owner might be.”
“activist hedge fund Crystal Amber which last week raised its JJB investment to 13.75 per cent.”
“He’s a keen golfer who has already raised over £300,000 through various golf challenges for Prostate Cancer UK”
“It’ll cost each player £350 to play at Royal Blackheath Golf Club...”
“around 30 per cent of shares reserved for retail investors”
“looking to raise $75bn (£55.9bn) in capital from the listing”
“the IPO has drawn more than $250bn of investor demand”
“SpaceX has earmarked around £1.5bn worth of shares for a rare UK retail offer”
“Minimum subscriptions are typically around £1,000”
“At a targeted $1.7 trillion to $2 trillion market cap”
“generating an operating loss of $4.2 billion on $18.7 billion in revenue last year”
“the core launch business, Space (22 per cent of 2025 revenue)”
“the profitable satellite internet arm, Starlink (61 per cent of revenue)”
“and AI (17 per cent of revenue)”
“The AI segment accounted for 61 per cent of the group’s capital expenditure in 2025, accelerating to 76 per cent in the first quarter of 2026”
“generating a loss of $6.4bn on $3.2bn of sales in 2025”
“Hardware alone ranges from $250bn to $1 trillion before launch and refresh cycles”
“The deal has drawn more than $250bn in total investor demand – dwarfing the $75bn being raised”
“Bradford and Bingley will lose up to £700m on mortgage defaults this year and expects an increase in the rate of loan losses, its chief executive Richard Pym said yesterday.”
“Pym said the number of borrowers more than three months behind on their mortgage had grown from the 4.6 per cent figure it announced in March and was now higher than five per cent.”
“The lender is likely to add to the £20bn it has already borrowed from the government, as its private sector loans are maturing at a faster rate than it can recoup what it has loaned to homeowners.”
“B&B expects to redeem around £2bn of mortgages per year in the next three years, but will have to repay loans of up to £10bn this year alone, leaving the government to make up the shortfall.”
“The company already received interest-free loans of more than £18bn through the Financial Services Compensation Scheme.”
“Pym said the taxpayer could eventually see a profit on the government’s investments once all of its mortgage loans have been redeemed and expressed optimism that the number of borrowers falling behind on payments was decreasing.”
“HSBC has agreed to cough up just shy of $25m”
“proposed penalty of $24.6m (£18.5m)”
“some £14m in refunds and compensation”
“HSBC reached a €268m settlement with the PNF”
“£57.4m fine”
“topped £64m”
“Sam Woods bows out of his post as the head of the Prudential Regulation Authority at the end of June.”
“Bailey has until 2028 left on his mandate”
“Badenoch has claimed her reforms would pump £450bn into the UK economy – a shot in the arm that dwarfs the £80bn Reeves hoped her ring‑fencing shakeup could unleash.”
“It’s estimated Natwest would rake in an extra £530m if ring‑fencing gets the axe, and Lloyds £480m.”
“The regulator published its finalised proposals at the end of March, where lenders were put on the hook for £9.1bn, lower than previously expected, after the number of qualifying agreements was slimmed to 12.1m from 14.2m.”
“Lloyds Banking Group – which owns the UK’s largest motor finance lender Lloyds – has made a £2bn provision whilst Barclays has set aside £325m.”
“The FCA said its costs driven from the scheme up to the end of March 2026 had reached £20.5m, with the legal challenge expected to add an extra £2.7m.”
“Compensation payouts are unlikely to be paid out before 2027, the FCA said, with the case not expected to be heard by the Tribunal before October 2026.”
“He added that banks will face an extra £6bn on their overall bill if the scheme is abandoned in favour of a complaints-led approach.”
“The German luxury brand said it is reviewing the “unsolicited” takeover attempt, which would offer €38 per share, totalling about €1.98bn and valuing the fashion house at €2.7bn.”
“But the takeover interest drove Frankfurt-listed Hugo Boss’ share price up more than nine per cent on Thursday to €39.98 – above the offer tabled by Frasers.”
“Meanwhile shares in FTSE 250-listed Frasers gained nearly two per cent on Thursday, to 784p, recovering from a two per cent drop in early trading.”
“Analysts at Panmure Liberum said on Thursday that the “modest” four per cent premium being offered by Frasers suggests it is “seeking optionality rather than necessarily full control”.”
“often attracting takeover premiums of as much as 60 per cent, explains Neil Shah, a market strategist at Edison.”
“A year ago, payments company Wise announced that it would move its main share listing to the US”
“The firm’s shares – despite being up nearly four per cent this year at 708p – are trading at a 22 per cent discount to its net asset value, according to analysts at Stifel.”
“Persimmon was the biggest single faller on London’s top-tier stock index in late morning trade, down 2.3 per cent at 1,057p.”
“Barratt Redrow fell 1.9 per cent to 278.3p.”
“On the mid-cap benchmark, London brownfield developer Berkeley Group was 1.5 per cent lower at 3,548p.”
“Taylor Wimpey was 0.9 per cent weaker at 79.6p.”
“Vistry’s stock fell 0.5 per cent to 254p.”
“Bellway was down 1.5 per cent at 1,954p.”
“We believe that homebuilders are price takers not price setters and compete against the much larger existing homes market with new build sales accounting for around 12 per cent of housing transactions.”
“A chart scan across the major players shows the sector has struggled since the fourth quarter of 2024.”
“It is expected to record an operating profit of $56.35bn for the three months to June, according to LSEG estimates.”
“Tomasz Noetzel, senior industry analyst at Bloomberg Intelligence, framed the impact on the 2.7m strong European banking workforce as a “realignment, not mass job losses, for now”.”
“City PM revealed last year that Lloyds Banking Group told some 6,000 tech and engineering staff that their jobs may be at risk of redundancy”
“In March, Japanese firm Mizuho announced plans to axe up to 5,000 jobs over a decade as it pumps ¥100bn (£466m) into its AI action plan.”
“Wall Street lender Citigroup has cut a fifth of staff from its wealth business since 2023”
“According to Bloomberg, HSBC is mulling a restructure that would see the bank slash 20,000 jobs globally over the next three to five years as it leans into AI for administrative functions.”
