Section
Finance
41 stories · pinned first, then most recent
Why Microsoft’s stock is soaring toward a historic gain after earnings
The company’s cloud business is sporting impressive growth, and Microsoft expects to avoid heading into cash-burn mode as it spends up on AI.
Raids across UK in crackdown on nuisance car finance texts
Laptops, phones and documents seized as information commissioner acts on messages about mis-selling scandal Laptops, mobile phones and documents have been seized after officials carried out search warrants in a…
Only the Middle East crisis is preventing a drop in UK interest rates
Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest updates There is a threat of high inflation coming to the UK but only from the conflict…
HMRC fines Airbus £6.4m for breaching rules on export of sensitive technology
Manufacturer self-reported the offences in the tax authority’s largest such out-of-court settlement Airbus has been fined £6.4m in the UK after the European aerospace company admitted to breaches of rules designed to…
Profits boost for defence firms as governments increase spending
Shares in Rolls-Royce jump by 5.5% after it lifts earnings guidance, while BAE Systems also upgrades profit forecasts Business live – latest updates Rolls-Royce and BAE Systems are expecting higher profits as…
Bank of England holds interest rates at 3.75% as inflation fears mount
Split vote comes as Iran war is rekindled and oil price climbs back above $90 a barrel Business live – latest updates The Bank of England has kept UK interest rates on hold as it warned that a further escalation in the…
Lloyds Bank to cut £2bn in costs as part of AI-powered strategy
Chief executive says the four-year plan will lead to greater efficiency but gives no details of potential job losses Business live – latest updates Lloyds Banking Group will cut another £2bn of costs as part of a…
Shell’s profits more than double after jump in oil and gas prices
Environmentalists renew calls for windfall tax to support households after Q2 earnings rise to almost $10bn Shell has recorded its second highest quarterly earnings on record as the energy market surge caused by the…
Carmakers ‘delaying investment in UK factories until EV sales rules relaxed’
Industry wants mandate forcing manufacturers to sell increasing share of electric cars each year to be eased Carmakers are delaying final decisions to invest in UK factories until electric car sales rules are relaxed,…
Meta misses earnings forecasts after Zuckerberg media push to promote AI
Stock tumbles nearly 8% after weaker-than-expected results, despite CEO’s blitz to tout positive effects of AI Mark Zuckerberg’s media spree touting the positive effects of artificial intelligence did little to cushion…
Parliamentary watchdog decides against inquiry into £80,000 loan to Reform’s deputy leader
Richard Tice had been referred to standards commissioner over undeclared sum from Farage aide George Cottrell Parliament’s standards watchdog has declined to investigate a complaint made against Richard Tice over an…
TfL brings case worth up to £1bn against carmakers over Ulez compliance
Transport for London claims polluting diesel vehicles had been able to enter clean air zone without having to pay Transport for London is pursuing a potential £1bn legal action against car manufacturers over vehicles it…