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Oracle smashes through UK sales milestone for first time after record-breaking year
US tech behemoth Oracle has announced UK sales exceeding £2bn for the first time, marking a profit increase of over 20%. As the third-largest technology company globally by revenue in 2023, trailing only Microsoft and Google, Oracle also sponsors the Red Bull F1 team, as reported by City AM. Recent filings with Companies House disclose …
Business
Sky News
Boots’ owner sold to private equity firm
The owner of high-street pharmacy chain Boots is being bought by a private equity firm, and it will no longer be a public company listed on a stock exchange. Walgreens Boots Alliance had agreed to a $23.7bn (£18.37bn) deal with private equity firm Sycamore Partners, as first reported by Sky News. It means the business …
Business
Sky News
Surprise as Trump agrees further tariff concessions
Donald Trump has announced that most goods imported from Mexico are to be exempt from his trade tariff regime for at least four weeks, just days after the charges were imposed.He confirmed the move following a phone call with his Mexican counterpart and, according to his commerce secretary, was due to announce a similar concession …
Business
Sky News
Widow of Post Office scandal victim receives compensation letter days after death
The widow of a Post Office scandal victim, who received a compensation offer days after his death, has described the situation as an “utter disgrace”.Janet Walters, 68, lost her husband Terry in February – a week before a letter arrived offering “less than half” of his original claim for financial redress. Terry Walters – whose …
Business
Sky News
Poundland up for sale as budget tax hike looms
Poundland, the discount retail chain, appears on course to be sold as its owner rues an “increasingly challenging” retail landscape in the UK.Poland-based Pepco Group said on Wednesday that it was examining all options for the 825-strong chain, including a sale. But the company later told the Reuters news agency that it had received interest …
Business
Sky News
Stamp duty is changing – here’s what you need to know
From 1 April, changes will be made to stamp duty, meaning more first-time buyers will be forced to pay it and other home movers face a higher bill.So what is it, what’s changing and what impact will it have? Here’s everything you need to know. Read all the latest Money news hereWhat is stamp duty? …
Business
Business Live
Pest control firm Rentokil reports lower profit after ‘challenging year’
Rentokil Initial, the pest control company, has announced a decrease in profits following a “challenging year” that saw its North American operations under pressure. The firm’s revenue saw a slight increase to £5.43 billion, up 1.1 per cent from 2023, as reported by City AM. However, operating profit fell by 7 per cent to £834 …
Business
Sky News
Millions in compensation expected for customers impacted by bank outages
Barclays is expected to pay millions in compensation for recent IT outages which prevented customers from banking, a new letter to MPs has revealed.The lender said it expects to pay between £5m and £7.5m in compensation to customers for “inconvenience or distress” caused by days of disruption earlier this year, according to the influential Treasury …
Business
Sky News
Millions in compensation expected for customers hit by bank outages
Barclays is expected to pay millions of pounds in compensation for recent IT outages which prevented customers from banking, a new letter to MPs has revealed.The lender said it expects to pay out between £5m and £7.5m to customers for “inconvenience or distress” caused by days of disruption earlier this year, according to the influential …
Business
Sky News
Train performance stats to be displayed at stations for the first time
Rail passengers in England are being shown how often trains are cancelled and delayed at each station in a new “accountability drive”.The data, broken down by operator, will go live at 1,700 stations on Thursday for the first time. Politics Live: Reform voters turn on Farage’s friend TrumpThe performance stats will show the percentage of …
Business
Sky News
Trump makes US tariff concession to carmakers
Donald Trump is to exclude carmakers across North America from the pain of US tariffs levelled against Mexico and Canada, following apparent pressure from motor bosses.The White House confirmed the concession was made after the president spoke to the bosses of Ford, General Motors and Stellantis in a call on Wednesday. Each company has manufacturing …
Business
Business Live
Ibstock slashes dividends as profit tumbles amid ‘subdued market conditions’
Ibstock, the London-listed brickmaker, has cut its annual dividend payout following a drop in profit and revenue due to “subdued market conditions.” The company reported a nearly one-third decrease in pre-tax profit to £21m for the year ending 31 December. Ibstock attributed this figure to a “lower trading performance” and the impact of a one-off …

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