News

melrose

British firm Melrose acquiring US ventilation products maker Nortek for $2.81 billion

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UK-based Melrose Industries announced that it will acquire American home security and ventilation products maker Nortek for $2.81 billion, including debt. Shares in the...
road-traffic-car-business

UK new car sales dropped 0.8 percent in June

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New car sales in the UK dropped 0.8 percent in June compared to the same month last year, according to the latest figures released...
mastercard-logo

Mastercard faces £19bn lawsuit for imposing “anti-competitive” charges on UK consumers

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Mastercard faces a £19bn lawsuit for imposing “anti-competitive” charges on British consumers. It is one of the first class action lawsuits in the UK since...
Mark_Carney

BoE reduces regulatory capital buffers by £5.7 billion, freeing up £150 billion for lending

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The Bank of England announced that the Financial Policy Committee stands ready to take actions that will ensure “capital and liquidity buffers can be...
business arrow diagram

Business confidence in the UK has dropped significantly since Brexit vote

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Business confidence in the UK has dropped significantly since the country voted to leave the European Union, according to YouGov and the Centre for...

Standard Life Investments has frozen its UK property fund

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Standard Life Investments has frozen its UK property fund, citing "exceptional market circumstances" after Britain voted in favour of leaving the EU. The £2.9bn...
Markit_PMI

UK construction industry entered contraction territory in June

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The UK construction industry unexpectedly entered contraction territory last month, with the construction purchasing managers’ index falling to 46 for June from 51.2 in...
London Stock Exchange

London Stock Exchange Group to vote on Deutsche Boerse takeover

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London Stock Exchange Group shareholders are set to vote on the $27bn (£20bn) planned takeover by Frankfurt-based Deutsche Boerse. The terms 'takeover' and 'acquisition,'...
George Osborne

UK corporation tax will be cut to below 15%, says George Osborne

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George Osborne plans on lowering corporation tax to under 15% as part of an effort to make the UK an attractive location for new...
Faraday Future and Dragon Racing

Faraday Future partnership alliance with Dragon Racing Formula E Team

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Faraday Future has announced a technical partnership alliance with the Dragon Racing Formula E Team – it will become the core technical partner and...