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L&G and Federated Hermes merge UK property funds worth $6.37bn
Legal & General (L&G) and Federated Hermes announced on Monday that they have merged their commercial UK property funds to form a combined portfolio valued at about £4.7 billion ($6.37 billion)
Britain suspends planned border checks on animal imports under EU deal
The UK government announced on Monday that it will suspend planned new border checks on live animal imports from the EU, in anticipation of a broader trade agreement with Brussels.
London stocks dip as markets watch Ukraine peace talks
Britain’s main stock indexes edged lower on Monday as investors took a cautious stance ahead of a U.S.-brokered peace meeting in Ukraine. The blue-chip FTSE 100 index slipped 0.1% to around 7,476 points by late morning, giving up part of Friday’s record high.
Soho House members’ club chain to be taken private in $2.7bn deal
Soho House & Co, the private members’ club operator, has agreed to be taken private in a deal valuing the company at about $2.7 billion, a move that ends its four-year run as a U.S.-listed stock.
Monzo explores UK mobile service as digital bank seeks new revenue lines
Monzo is exploring the launch of a UK mobile service that would operate on another carrier’s network, expanding the digital bank’s product set into a subscription-style telecom offering.
Government extends plug-in grants to at least 2027
The UK government has extended discounts for electric vans and trucks to at least 2027, providing continued support for businesses shifting fleets to zero-emission vehicles, the Department for Transport announced on Monday in London.
Phoenix Group unveils first Australian private debt deal
Phoenix Group has made its first private debt investment in Australia, marking the start of a planned push into the Asia-Pacific market, the UK insurer confirmed on Monday in London.
Tesla halves UK monthly lease fees amid sales slump
Tesla has nearly halved its monthly lease charges for UK drivers,
Labour government faces growing public dissatisfaction after one year
Prime Minister Sir Keir Starmer’s Labour government is confronting mounting public dissatisfaction as polling shows support has collapsed to the low-20s, with significant numbers of 2024 Labour voters defecting to Liberal Democrats, Reform UK, and the Greens
Shein UK sales surge 32% to record £2 billion
Chinese fast-fashion retailer Shein reported record UK sales of £2.05 billion for 2024, representing a 32.3 percent increase from the previous year despite mounting regulatory pressures and market challenges affecting the broader retail sector.
Government U-turn restores winter fuel payments for nine million pensioners
The government announced a major policy reversal that will restore winter fuel payments to nine million pensioners across England and...
UK’s largest bioethanol plant faces closure as government refuses bailout
Britain’s largest bioethanol production facility is set to close permanently after the government confirmed it would not provide financial support to the struggling Vivergo Fuels plant in Hull.
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