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Highlights:,Shares Surge:,Melrose Industries gains 2.5%, topping FTSE 100 risers following renewed defence spending commitments.,Defence Budget Focus:,Labour Prime Minister Keir Starmer pledges a path to increasing UK defence spending to 2.5% of GDP.,Glob...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,Tax Evasion Allegations:,Andrew Tate accused of avoiding taxes on £21 million of revenue from various online ventures.,Bank Accounts Seized:,UK magistrate authorizes the freezing of over £2.6 million from Tate’s accounts.,Extradition Considera...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,Annual Water Bill Hikes Confirmed:,Consumers brace for significant increases in water bills through 2030, with Ofwat's final determination imminent.,Industry Pushes for Larger Increases:,Water companies seek greater flexibility, arguing for av...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,House Prices Rise 4.8%:,Average property prices in the UK reached a record high of £298,083 in 2024, supported by easing financial pressures and robust wage growth.,Mortgage Demand Soars:,Falling mortgage rates and improved buyer confidence dr...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,UK inflation rose by 2.6% year-on-year in November, aligning with the Monetary Policy Committee's stance of gradualism.,Core inflation improved slightly, coming in at 3.5%, just below the Bank of England’s 3.6% forecast.,Labour's Budget decisi...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,Netflix fined €4.75 million by the Dutch Data Protection Authority for GDPR violations.,Consumers were inadequately informed about data usage practices between 2018 and 2020.,Netflix updated its privacy policy but disputes the fine imposed by ...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,UK private rents surged by 9.1% in the year to November, according to the latest Price Index of Private Rents (PIPR).,London led the regional increases with a 11.6% rise, setting average monthly rents at £2,206.,The North East reported the low...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,Lloyds Banking Group may face compensation costs of £1-3.5 billion related to motor finance loans.,The recent court decision against Barclays highlights potential redress for discretionary commission arrangements (DCAs).,The scope of liability...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,Oman Investment Authority secures a stake in Elon Musk’s AI venture, XAI.,XAI valuation doubles to $50 billion following a $6 billion funding round.,Funds will fuel development of Grok, XAI’s generative AI model integrated across Musk-led plat...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media

Highlights:,Shoe Zone issues profit warning, with forecasts cut by 50% for the upcoming year.,Dividend payments suspended as the company focuses on maintaining financial stability.,Plans announced to close "unviable" stores due to declining consumer confi...

• December 18, 2024 04:17 PM GMT
• Team Kalkine Media