FCA opens 'safe space' for AI testing in finance
The FCA launches its first AI live testing scheme with NatWest and Monzo. The initiative aims to ensure safe AI deployment in UK financial markets. Read the full story.
Category : Search result: financial losses UK
Leon warns of closures after £8 million loss
Leon founder John Vincent reveals potential site closures and job cuts as he battles to restore the struggling fast-food chain to its former health. Read his full recovery plan.
Southall fire destroys warehouse, businesses lose thousands
A major fire at a West London business park destroyed a warehouse, causing over £23,600 in losses for local traders. 150 firefighters battled the blaze.
AI Puts 2.1 Million UK Jobs at Risk, OBR Says
OBR analysis reveals over 2 million jobs in key UK sectors face AI automation. Discover the Treasury's response and the potential impact on the economy.
Gambling tax hike could cause UK job losses
Chancellor Rachel Reeves warned that increasing gambling taxes could lead to significant job losses and harm horse racing. The industry contributes £4bn annually in tax. Read the full analysis.
AI Threatens 3 Million UK Jobs by 2035
New research reveals AI could displace 3m low-skilled UK workers by 2035, while boosting demand for professionals. Discover which roles are most at risk.
Abu Dhabi Emerges as Global Finance Hub Through ADFW
Abu Dhabi Finance Week 2025 positions the emirate as a leading global financial centre, attracting institutions managing £32.3 trillion. Discover how ADGM's growth reshapes international finance.
Unimetals Recycling collapses, 650 jobs at risk
One of the UK's largest metal recycling firms, Unimetals Recycling, has collapsed into liquidation, putting approximately 650 jobs in immediate danger. Discover the full story behind the failure.
Unimetals liquidation puts 650 UK jobs at risk
Unimetals Group, a major UK metals recycler, is on the brink of collapse, threatening 650 jobs just weeks before Christmas. Read the full story on the crisis.
FCA Executive Director Sarah Mills Resigns from Regulator
Sarah Mills, the FCA's executive director of consumers and competition, has resigned from her role. Discover the implications for UK financial regulation and what's next.
FCA Consumer Chief Sheldon Mills to Leave Watchdog
FCA executive Sheldon Mills is stepping down after eight years. He will lead a government review into AI's role in consumer financial advice. Discover the implications.
ExxonMobil shuts Fife plant with loss of 450 jobs
ExxonMobil confirms closure of its Fife Ethylene Plant near Cowdenbeath, blaming UK government policy and high costs. Up to 450 jobs at risk. Discover the full impact.
FCA Begins Private Markets Probe: Key Details
The Financial Conduct Authority has initiated a comprehensive review of private markets, examining valuation practices and liquidity concerns. Discover how this could impact UK investors.
Football Maker's Losses Quadruple After Game Axed
Sports Interactive's pre-tax losses surged to £8.5m after cancelling Football Manager 25. Discover how this strategic move aims to secure the franchise's future.
AI Firms Must Disclose Risks or Face Crisis
Anthropic CEO Dario Amodei warns AI companies must be transparent about risks like job losses and security threats or repeat mistakes of tobacco and opioid industries.
Youth unemployment crisis deepens with 15.3% rate
Youth unemployment surges to 15.3% as under-25s bear brunt of job losses. David Blunkett warns of 'lost generation' as government faces pressure ahead of autumn budget.
FCA expands Leeds office in major regional push
The Financial Conduct Authority is significantly expanding its Leeds presence, doubling its office space as part of its strategy to decentralise financial regulation from London.
FCA hires US and Canadian regulators for international expertise
The Financial Conduct Authority strengthens its international team with senior hires from US and Canadian regulators. Mark White and Rob Hegarty join to enhance regulatory oversight.
Ineos cuts hundreds of jobs amid debt struggles
Sir Jim Ratcliffe's Ineos Automotive is cutting hundreds of jobs across its global operations as the company grapples with significant debt and operational challenges. Read the full analysis.
UK Wealth Manager Value Analysis Reveals Leaders
Comprehensive analysis of UK wealth managers reveals which firms offer the best value for investors. Discover the top performers and market outlook for 2024.
BMLL Reports £14m Loss Before Nordic Capital Acquisition
Market data firm BMLL recorded a £14.3m pre-tax loss in 2023 while securing a takeover by Nordic Capital. Discover the strategic implications for financial technology.
Financial Education Crisis: New Plan for London Pupils
A groundbreaking campaign aims to deliver free financial education to every Year 6 child in London, addressing the UK's broken money skills system. Join the movement for change.
Financial education could boost UK incomes by £16bn
Teaching financial literacy in schools could boost UK household incomes by £16bn annually while rebuilding trust in financial institutions among younger generations.
UK Businesses Accelerate Layoffs Amid AI Surge
British companies are rapidly increasing layoffs as artificial intelligence adoption surges and economic uncertainty grows, with London firms leading the trend.
Republican losses linked to voter cost of living fears
A devastating election night for Republicans reveals deep voter anxiety over affordability issues, with Trump's influence failing to counter economic concerns.
BT Bets on Budget Provider Amid Broadband Customer Losses
BT Group makes strategic move to acquire budget broadband provider Plusnet amid ongoing customer losses and intense market competition. Discover how this acquisition aims to bolster BT's market position.
Tice Pledges Major Reform of City Regulation
Reform UK chairman Richard Tice unveils radical plan to overhaul financial regulation, claiming current rules are stifling London's competitiveness and investment growth.
The Entertainer cuts jobs amid rising costs and tax hikes
Britain's beloved toy retailer The Entertainer announces significant redundancies across its UK stores, citing crippling business rates, rising wages and economic pressures.
Republican Wins NYC Mayor in Political Earthquake
In a stunning political reversal, a Republican candidate has captured the New York City mayor's office for the first time in decades, dealing a devastating blow to Democratic strongholds across key states.
The £4k Mistake Costing New Investors Thousands
Exclusive research reveals how a simple investment error is costing British newcomers thousands. Discover what the pros know that you don't.
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