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On February 1 new duty rates on wine and spirits will come into force, meaning a rise in price for most alcohol. Under a new sliding system of duties, wine with a higher abv (alcohol by volume) will see the biggest price increase, with the duty on a 14.5 per cent abv wine to rise [...]
UK dividends fell 0.4 per cent on an underlying basis in 2024 after miners slashed payouts by 40 per cent compared to the previous year. While headline dividends in 2024 rose 2.3 per cent to £92.1bn, this was thanks to a surge in one-off payments to £5.6bn. Underlying or regular dividends fell to £86.5bn, thanks [...]
London’s airports are an economic success story for the whole UK. Increasing capacity is a no-brainer, writes BusinessLDN chief John Dickie.
Defence giant BAE Systems has won a Royal Navy contract worth almost £300m which will support more than 200 UK jobs. The London-listed group has been hired to maintain and modernise combat management systems (CMS) on Royal Navy vessels. They include Type 23 frigates, Type 45 destroyers, Queen Elizabeth Class aircraft carriers and Type 26 [...]
While crypto markets have dipped in recent days after the release of Deepseek shook US tech firms, UK companies are struggling to keep the momentum of digital finance going. Bitcoin managed to pull itself back above the $100,000 mark this morning after Deepseek’s new AI model shook the stock prices of the Magnificent Seven; Apple, [...]
Boeing has reported its second-largest annual loss on record after one of the most turbulent 12-month periods in its history. The US planemaker reported an annual net loss of $11.8bn (£9.5bn) on Tuesday and burned through some $14.3bn in free cash. Revenue also fell 14 per cent to $66.5bn, while deliveries from its commercial airplanes [...]
Most people are apprehensive about how their data is used, with trust in businesses at a worryingly low rate
The rapid rise of Chinese AI startup DeepSeek has been described as the US tech sector’s ‘Sputnik moment’ which “may well kickstart a new, even more energetic race”. US tech stocks took a battering yesterday after gaining global attention over its seemingly cheaper AI model which sparked a sell off in shares for its competitors. The sudden [...]
Phoenix Group is set to merge its pension solutions and asset management arms this year in a bid to rein in costs, as the boss of its Standard Life brand retires from the company after five years. In a statement today the FTSE 100 pensions giant, which manages around £290bn assets for savers, said it [...]
The legal regulator is reported to “have decided to take no further action” against law firm Discreet Law which acted for the former leader of leader of Wagner Group, Yevgeny Prigozhin. As revealed by Democracy for Sale, the Solicitors Regulation Authority (SRA) decided that London-based Discreet Law “acted appropriately” when representing the sanctioned Wagner leader. [...]