14,040 source-backed finance facts - each attributed to a named person and a number, linked to the original source. Page 14 of 141.
“Barclays laid out a new plan to deliver £2bn in cost savings when it dropped its annual results at the beginning of the year as Venkat told shareholders the firm would be “harnessing new technology, including AI, to improve efficiency”.”
“reporting a seven per cent lift in pre-tax profits to £2.1m.”
“said the group had decided to scrap its dividend this year to pay down debt, which currently stands at £29m.”
“The 20% cut to business rates – a local tax paid by firms – comes after he unveiled a planned cap on most bus fares in England and the removal of value added tax on household electricity bills. Burnham, who took office on Monday, is under …”
“Reductions to tax relief for vape shops and gambling arcades will help to pay for the £100 million (US$133 million) annual cost of the measure.”
“Alex Gerko, stands high in the rankings of Britain’s top taxpayers, having paid more than £330m to HMRC last year. For good measure, he also handed out more than £150m to charities and good causes in 2025, focusing on education and support…”
“HMRC recently won a case against Gerko’s firm that centred on the tax treatment of income versus capital gains at LLPs. As a result, Gerko was told to pay an extra £22.5m.”
“The ruling will cost BlueCrest around £200m”
“the UK is no longer a serious contender as a jurisdiction in which to do business”
“I first covered this issue five years ago…”
“The effect of this is such that in one scenario… Musk could sell 51% of his total stake in SpaceX, worth as much as $445 billion at the company’s targeted valuation, or $195 billion at Morningstar’s analysts’ estimate, and still retain con…”
“Morningstar also threw SpaceX into the spotlight last week, after slashing its valuation to less than half of what the firm is seeking.”
“to 2.94 million in June, but remains relatively high according to official data released Tuesday.”
“only 7.8 million people are expected to enter the labour market, widening a gap that immigration alone is currently struggling to offset, the FEA says.”
“Mishcon generated £330m in revenue for the 2024/25 financial year, up 9 per cent from the previous year.”
“the firm’s profits rose 14 per cent to £110m.”
“When trading in those stocks was suspended by the London Stock Exchange in 2006, the investments were rendered worthless.”
“Seed capital is expected to come from two existing Fasanara strategies – the ONE Fasanara Multi-Strategy (F-ONE) and the Fasanara Sports Lending Strategy.”
“The ECB lifted borrowing costs in June for the first time since 2023 in response to the jump in eurozone prices triggered by the conflict.”
“We don't expect any change to interest rates at this meeting,”
“said it had raised its offer after identifying another $1.5bn in cost savings.”
“Sweden’s Riksbank has cut interest rates a quarter point to 0.25pc and signalled emergency stimulus until late-2010”
“the tax break could cost as much as £12.4bn – which would need to be funded by tax hikes elsewhere.”
“McDonald’s would save as much as £432m under the changes, while pub owner Mitchells & Butlers and Premier Inn owner Whitbread could gain £246m and £238m respectively.”
“where pubs, bars and restaurants are charged 10 per cent.”
“0.0006 % of overall public expenditure”
“Trinity, which is led by chief executive Sly Bailey, said that it continues to operate “comfortably” within its debt covenants – and that net debt had stabilised at £388m.”
“The publisher said that it remains on track to deliver its target of £25m cost savings”
“the US had spent $37.5 billion on the war so far”
“Benchmark Brent crude oil rose to more than $93 a barrel in trading. That's up from less than $72 early this month”
“the one-million policyholders on NU’s offer of a £200 each minimum payout”
“the report’s “mouth-watering” 515-page length”
“Even the executive summary runs to 44 pages”
“World oil prices jumped with the benchmark international contract Brent North Sea crude briefly surpassing $95 for the first time in nearly six weeks before ending at $94.07. US benchmark counterpart West Texas Intermediate gained nearly t…”
“The DLS Turbo is no exception, at an estimated cost of between £2m and £2.5m.”
“but if such sums feel like small change to you, a car auctioned last November for £16.3m, the GMA S1 LM, will also be on display.”
“The end of the US bombing campaign over the weekend sent oil prices tumbling by around 8% on Monday, and the fall continued on Tuesday. Brent crude futures were down around 1.6% at close to $87 a barrel by mid-morning on Tuesday.”
“Over the last financial year, Evolution saw adjusted pre-tax profit plunge 91 per cent to £1.9m, as it suffered along with the rest of its sector.”
“The group is due to publish its half year results at the end of August.”
“the company, launched by City heavyweight Clive Cowdery, revealed it spent £4m on due diligence investigations into possible buyout targets in the first quarter alone, without striking any deals.”
“The group had been temporarily barred from making acquisitions, during an investigation by City watchdog the Financial Services Authority, but that ended in early May.”
“The FTSE 100 shed one per cent, or 44.82 points, to close at 4,249.21.”
“But the index is up 8.2 per cent on the quarter, the best such performance since the final quarter of 2003 and it has gained 22.8 per cent since touching a six-year low on 9 March.”
“UK figures have revealed the economy contracted at a much sharper pace than initially thought, falling by 2.4 per cent in the first quarter, revised down from a fall of 1.9 per cent”
“BG Group, BP and Royal Dutch Shell fell between 1 and 1.8 per cent.”
“Miners dropped between 0.5 and 3.1 per cent.”
“Banks also headed south with Lloyds Banking Group, Royal Bank of Scotland, HSBC and Standard Chartered shed between 0.9 and 3 per cent. However, Barclays was an exception, up 1.2 per cent.”
“Also on the downside, life insurers Prudential and Legal and General fell 0.6 to 2.2 per cent, retreating from some strong gains made on Monday.”
“Looking ahead a quarterly poll of 13 strategists showed the FTSE 100 index is expected to end the year up by around 3.7 per cent.”
“Fresh figures from the Office for National Statistics (ONS) have revealed the economy grew 0.1 per cent in May, broadly in line with market expectations.”
“The services sector – which contributes more than 80 per cent of total economic output – grew 0.3 per cent against steep falls in other parts of the economy.”
“Science and tech activity was up 1.8 per cent, heavily driven by a 5.1 per cent expansion in research and development on the strength of medical sciences. The ONS said this industry alone contributed 0.06 percentage points to real GDP grow…”
“The new figures will be some of the last on Reeves’ scorecard before she is set to be shuffled out the Treasury as Andy Burnham enters No.10. The top independent economics organisation also warned government debt is projected to breach 105…”
“The top independent economics organisation also warned government debt is projected to breach 105.4 per cent of GDP by 2027. This is set to balloon to 200 per cent by 2050 in the “absence of policy changes and considering ageing costs and …”
“The average price paid by acquirers relative to companies’ share prices has hit 45 per cent, according to data from AJ Bell.”
“Foreign buyers account for 86 per cent of total deal value, with US buyers representing half of all overseas approaches.”
“Since 2023, there have been 154 bids for UK companies with a market value of more than £100m, erasing around £165bn of stock market capitalisation, according to Peel Hunt.”
“In contrast, there have been just 11 listings in London by companies surpassing £100m, adding total value of £6bn.”
“prices at auction have exceeded $25 million (approx. £20 million)”
“supermarket sales of its beers falling by more than £10m (22.5 per cent) year on year to May.”
“The accountancy watchdog said it has opened four probes into Magus Chartered Accountants, Berkeley Finch Limited, and Silver Levene (UK), and into a number of individual accountants, for potential auditing failures by the lender, which fel…”
“Berkley Finch, which audited Market Financial Solutions’ 2024 financial statements, is being investigated by the FRC for possible failures in the auditing process, while the regulator is reviewing the audit of Zircon Group Limited – a conn…”
“The FRC confirmed the decisions to open the investigations were made at a meeting of the FRC’s conduct committee on 21 April, and will be conducted by the FRC’s executive counsel.”
“A spokesperson for Silver Levene spokesperson said the firm is “aware that the FRC has opened an investigation in relation to the statutory audit of the consolidated financial statements of Zircon Group Limited for the financial year ended…”
“This comes after the UK’s financial watchdog opened an enforcement investigation into the lender that collapsed in February, following its failure to repay £1.3bn borrowed from a group of financial companies before falling into administrat…”
“Vodafone shares surged almost 11 per cent on Friday after French telecoms billionaire Xavier Niel bought a £4.4bn stake in the FTSE 100 group”
“Vega, acquire e&‘s entire 16.2 per cent stake for 112.5p a share – a 15 per cent premium to Vodafone’s previous closing price of 97.76p.”
“Vodafone shares climbed as high as 108.5p in early London trading.”
“UK markets were initially buoyed by a frenzy of potential M&A action, with Vodafone shares surging by almost 11 per cent.”
“In a near unanimous vote at the bank’s annual general meeting, investors approved the issue of 295m new shares at six euros apiece, the bank said, giving the German government a stake of 25 per cent plus one share.”
“The state has ploughed €18bn (£16bn) into the country’s second-largest bank in return for the equity stake, which it will take on via its emergency “SoFFin” bank rescue fund.”
“The bank had an inauspicious start to the year, reporting a first quarter loss of €861m, compared with a profit of €236m in the same period the previous year.”
“Much of the loss was attributed to last year’s acquisition of Dresdner Bank from rival Allianz, which was completed in January, shaving €290m from the bank’s bottom line.”
““With a Tier 1 ratio of around 10 per cent, Commerzbank is weatherproof and will implement its new strategy without delay,” said chairman Martin Blessing.”
“However, Blessing forecast at the time that the bank would return to profit by 2011 at the latest, with an operating profit of more than €4bn by 2012.”
“Under its current financial arrangements, Thames is expected to run out of cash in October.”
“It could come as soon as 2030, after a wider restructuring of the company’s finances.”
“industry sources expect the terms of the plan to wipeout existing shareholders, erasing equity holdings estimated to be worth about £5bn.”
“Creditors would write off over £9bn.”
“It reported that the plan would leave Thames facing costs of almost £750m, including payments to bankers and lawyers, as well as dues to the creditors themselves.”
“There would also be an estimated £286mn in accrued interest, the paper said.”
“Pennon hailed a return of its own on Wednesday: to profit for the year to the end of March, of £135.1m, from a loss of £35.1m last time.”
“Pennon’s stock was down by over three per cent at 491p.”
“The Australian financier was the main owner for the next 11 years, during which time Thames paid out almost £3bn in dividends to its parent.”
“Thames, based in Reading, has been struggling with a debt pile of almost £20bn for the last two years, enough to take it to the brink of collapse.”
“CITY watchdog the Financial Services Authority (FSA) has unveiled plans to treble penalties for serious breaches of its rules, and called for individuals caught insider dealing to face a £100,000 minimum fine.”
“A consultation paper from the regulator proposes a beefed-up regime in which the most serious abuses could land companies with fines of up to 20 per cent of their incomes from the products linked with the fine.”
“FSA enforcement head Margaret Cole said the higher fines come as part of an ethos of 'credible deterrence'.”
“Alliance & Leicester was recently fined £10m for failings on its payment-protection insurance, but that figure would have been closer to £30m under the new regime.”
“As well as the minimum fine for market abuses like insider dealing, individuals carrying out FSA-regulated activities face fines of up to 40 per cent of their income for failing to properly enforce regulatory controls.”
“In a case study provided by the FSA, an executive is charged £25,515 for failings in which customers of his firm were put at risk of financial losses on a product it sold them.”
“The consultation ends on 21 October and the rules are likely to take effect from February 2010.”
“investment banks have raked in $16bn (£9.8bn) so far this quarter”
“there have been $872bn worth of global M&A deals this year so far – 44.5 per cent lower than the same period a year ago”
“M&A activity in the first six months of the year remained subdued, falling to its lowest first-half level since 2003”
“Morgan Stanley currently tops the global M&A league table, according to the data, having advised on 115 deals worth $329bn”
“Goldman Sachs, which was the world number one in the first half of last year, is currently in second place this year having advised on deals worth $306bn”
“The biggest global M&A deal in 2009 was the acquisition of US drugs firm Wyeth by giant rival Pfizer, a deal worth $64.5bn that involved advice from seven investment banks”
“The fourth and fifth largest deals globally were the UK Treasury’s acquisitions of shares in Lloyds, worth $22bn”
“The fourth and fifth largest deals globally were the UK Treasury’s acquisitions of shares in Lloyds, worth $22bn, and RBS, worth $19bn”
