The UK bond market faced significant pressure this morning as yields on 30-year gilts climbed to their highest levels since 1998, intensifying concerns about the government’s fiscal position and economic outlook.

UK financial technology giant Revolut has launched a secondary share sale valuing the company at £75 billion, marking a significant milestone in the ongoing expansion of Britain’s fintech sector.

Britain’s finance minister Rachel Reeves announced a major shake-up of cryptocurrency regulation on Monday, aiming to bring digital assets under the same rules as traditional finance.

Britain’s competition regulator said it has opened a formal investigation into Greencore’s proposed £500 million takeover of ready-meals group Bakkavor. 

Domino’s Pizza Group PLC said on Monday it would maintain its full-year 2025 targets and unveil a £20 million ($27m) share buyback plan after reporting resilient first-half trading. 

North Sea producer Ithaca Energy lifted its 2025 production guidance for the second time this year after output more than doubled in the first half, buoyed by acquisitions including Eni’s UK assets and a larger stake in the Cygnus gas field.

The UK government has prohibited the sale of Versarien’s graphene-related assets to a joint venture that included a Chinese partner, citing national security risks tied to potential dual-use technologies.

A Reuters survey of forecasters this month suggests the Bank of England is likely to trim rates only once more in 2025, most probably by 25 basis points in November, as resilient inflation and firm wage growth constrain scope for easing.

Shore Capital has hired Richard Fagan, formerly head of UK equity capital markets at HSBC, to lead origination as the broker expands its corporate client franchise.

UK house price inflation accelerated in June, with average prices up 3.7 percent from a year earlier, the Office for National Statistics reported on Wednesday. The increase compares with 2.7 percent in May, while private-sector rents rose 5.9 percent in July, the smallest annual rise since January 2023, suggesting tentative easing in rental pressures.

The government has signed a new agreement with Iraq to accelerate the return of failed asylum seekers, part of a wider effort to reduce irregular migration and speed up enforcement.

The UK is preparing to deploy troops as part of a European “reassurance force” to underpin any peace agreement between Ukraine and Russia, according to reports overnight, even as the United States ruled out sending ground forces.