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Banks set to report stronger profits as they face prospect of tax hike
The announcements will come on the same week that Chancellor John Healey will deliver his autumn Budget statement.
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Evoke urges no further gambling tax hikes in Budget after 270 shops shut
The William Hill owner said the closure of 270 shops ‘shows the real impact on jobs and livelihoods from higher industry taxation’.
Boohoo owner Debenhams hails return to profit for first time in five years
Debenhams Group has been taking steps to reduce its cost base by selling off parts of the business.
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Will Britain have enough gas and electricity to get through winter months? Here’s what the analysis shows
Europe is also heading into winter with lower gas storage than normal as a result of higher prices
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Energy system stable for winter despite overseas gas reliance, analysis finds
The electricity system is forecast to have a surplus of 5.9 gigawatts between the end of October and the end of March next year.
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Nestle removes £1.5bn of Russian assets after business seized by Putin
But the food giant said the move would have a limited financial impact on its underlying results for 2026.
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Barclays to cut 5,000 jobs by end of year after AI drive
The banking group said cuts affect about five per cent of all its employees
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Barclays to cut 5,000 jobs this year as AI makes work more efficient
The banking group said this is the equivalent of about 5% of all its employees, which totalled around 93,000 globally at the end of 2025.
Barclays reveals profit growth of 12% after £200 million cost savings
In the third quarter, the bank said it made around £200 million worth of cost savings.
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Interest rate hike ‘firmly on table’ after inflation rises to 11-month high
Experts have said the latest official inflation data has reinforced expectations of a rate hike in November.
