GSK shares jump as profit upgrade defies tariff gloom October 29, 2025 Shares in GSK climbed as much as three per cent to 1,705p on Wednesday morning as the pharma giant defied tariff fears with an upgrade to its profit guidance. The London-based business said it now expects turnover to increase by six to seven per cent for the full year 2025, up from its previous guidance [...]
Santander UK boss: Government must overrule FCA on motor finance October 29, 2025 Santander UK has said it will delay its third-quarter earnings report due to “uncertainty” following the financial watchdog’s motor finance redress scheme. The Spanish banking giant was due to publish its financial report for the third-quarter on Wednesday but has put it on hold “pending greater clarity regarding the [Financial Conduct Authority]’s proposals”. The bank’s [...]
WH Smith delays results by more than a month as accounting struggles persist October 29, 2025 WH Smith has delayed the publication of its results by more than a month as it wrestles to get to the bottom of accounting issues that caused profit expectations to be overstated by tens of millions of pounds. The global travel retailer was due to publish its preliminary results on 12 November, but has now [...]
Exclusive: Budweiser to challenge Heineken for Uefa Champions League deal October 29, 2025 Uefa’s long-standing Champions League beer partners, Heineken, are facing competition from Budweiser for the contract to be the competition’s official suppliers from 2027 onwards. Morning Wire has learned that Budweiser’s parent company, AB InBev, are willing to pay Uefa €200m per season, a significant increase on the €120m-a-year they are currently getting from Heineken. Budweiser [...]
FTSE 100 Live: Next sales jump; GSK profit upgrade October 29, 2025 Good morning from the Morning Wire liveblog team. If there are fears about an AI bubble, no one’s telling the folk over on Wall Street. Yesterday both Apple and Microsoft saw their stocks jump, making them both $4tn companies, joining an exclusive club of which chipmaker Nvidia is the only other member. This was the [...]
Why the ONS would survive my cull of X accounts October 29, 2025 If I had to cull the number of accounts I follow on X to just ten, @ONS would make the grade. As for the other 9, I’d be reluctant to say goodbye to @PaintingsLondon, @MattCartoonist, @createstreets or @DiaperDiplomacy but I reckon as long as I retained the Office for National Statistics I could continue to [...]
Goldman Sachs’ Solomon plays down private credit fears October 29, 2025 Top Wall Street executives have downplayed the likelihood of a private credit downturn sparking a wider economic crisis, despite a string of major lenders setting aside billions of dollars to manage potential defaults on their balance sheets. Goldman Sachs boss David Solomon dismissed the growing chorus of voices warning that tremors in the private credit [...]
Firms brace for ‘difficult winter’ as tax burden weighs on activity October 29, 2025 Companies across the private sector are braced for a “difficult” winter as activity is forecast to downturn across UK services due to mounting tax fears, fresh research has indicated. A leading survey by the Confederation of British Industry (CBI), considered to be one of the UK’s most influential business groups, has suggested that private sector [...]
Government-run survey casts doubt on Labour’s net zero push October 29, 2025 A government-run survey has cast doubt on Labour’s push for net zero as Brits fear that it would push up living expenses in both the short and long term. The Department of Energy Security and Net Zero’s (DESNZ) own research has suggested that the government is losing the public’s faith in its mission to cut [...]
Autumn Budget: Reeves must avoid tax encore for retail, HMV boss warns October 29, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of HMV joins a chorus of warnings to give the retail sector some reprieve. As high street music retailer HMV breezes into the all-important golden quarter, boss Phillip Halliday is eyeing a chart-topper [...]