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Davos: Donald Trump to address World Economic Forum

January 23, 2025

Donald Trump is set to address the World Economic Forum in Davos in his first major global speech to world leaders and business people. The newly-reinaugurated US President will remotely address the economic conference at the ski resort in Switzerland at 4 pm UK time on Thursday. It’s unknown what Trump will discuss in his [...]

Bybit Launchpool Introduces OBT and SOSO Rewards Through bbSOL Staking

January 23, 2025

Dubai, United Arab Emirates, January 23rd, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce new rewards...

VAT on private school fees to hammer ‘crisis-hit’ special needs provision

January 23, 2025

Rachel Reeves’s controversial Budget decision to impose VAT on private school fees will hit the most vulnerable special educational needs students hardest, an expert has warned. The Chancellor confirmed at the Autumn Budget that fees are set to be taxed 20 per cent, which the government claims will benefit the Treasury to the tune of [...]

UK’s top 1,000 websites face cookie compliance clampdown

January 23, 2025

The UK’s top 1,000 websites will be brought into compliance over cookie policies, ensuring people the lawful choice on how their information is handled online. The Information Commissioner’s Office (ICO) has set out clear regulatory expectations which these websites must follow to comply with data protection laws. The independent authority has already analysed the top [...]

Bitcoin price today: slips to $102k as Trump boost fades, $TRUMP tumbles

January 23, 2025

-- Bitcoin fell on Thursday after a short-lived rally on hype over more crypto-friendly policies from President Donald Trump, with his recently launched memecoin also...

‘Kamala Broke It — I Will Fix It’

January 22, 2025

Crowds swelled on Saturday at former President Donald Trump’s rally in Salem, Virginia, a state …

Watkin Jones: Shares in property developer soar on return to profit

January 22, 2025

Shares in Watkin Jones soared more than 13 per cent on Thursday after the property developer swung to profit in 2024. The London-listed firm reported £9.2m in pre-tax profit for the year ended September, up from a £2.9m loss the year prior. Basic earnings per share also swung to 3.5p, up from a loss of [...]

Chapel Down: Off-trade issues pull England’s biggest winemaker down

January 22, 2025

Sales at England’s biggest winemaker, Chapel Down, fell in 2024 due to “one-off” issues in the first half of the year, but the company has still reported net sales revenue in line with guidance. Chapel Down’s share price rose more than two per cent in early trades. Sales of sparkling wine, which accounts for more [...]

Workspace: London office provider struggles with customer churn

January 22, 2025

Workspace’s problem with customer churn has continued to hit the London-focused firm, with occupancy in its rented offices reducing by 1.3 per cent during last quarter to 86.1 per cent. The flexible office provider completed 273 new lettings over the last quarter, for a total rental value of £6m, it said in a trading update [...]

Could the Bank of England push the UK into recession?

January 22, 2025

Revolution Beauty expects sales to fall by a quarter in blow to turnaround plans

January 22, 2025

Revolution Beauty expects sales to fall by around a quarter in 2025 in a blow to the troubled cosmetics firms’ turnaround plans. The London-listed group said it had experienced some sales softness in its digital channels and an element of de-stocking from US retailers in December. It has also pushed back the launch of certain [...]

Weak UK sales pull Primark down despite international growth

January 22, 2025

Lower sales in the UK and Ireland pulled Primark’s performance down in the last quarter of 2024 despite double-digit growth in countries like Spain, Portugal and the US. Primark’s parent company ABF Foods told markets this morning that sales in the UK and Ireland, which account for approximately 45 per cent of its market, declined [...]

IG Group extends share buybacks after Freetrade acquisition

January 22, 2025

IG Group is set to spend £50m more on share buybacks following its acquisition of trading app Freetrade. In the firm’s six month results to 30 November, the FTSE 250 firm said it would be extending its previous share buyback programme from £150m to £200m. “It is pleasing to show how we can both invest [...]

THG trading on target after Ingenuity split

January 22, 2025

THG, the company behind fitness supplement brand Myprotein, has reported its first trading update after the group split in two earlier this year. The company told the market this morning that adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) for 2024 are expected to align with consensus expectations. At the beginning of January, THG [...]

‘It’s a clear message’: Reeves’ CMA scalp fires warning to regulators

January 22, 2025

The government has sent a “clear message” to UK regulators by ousting the chair of competition watchdog, in what lawyers described as the “most overtly political” regulatory intervention of recent years. Marcus Bokkerink, who joined the Competition and Markets Authority (CMA) in 2022, was forced out of his role due to a “different approach” on [...]