Money Moves

Skims, a shapewear brand co-founded by Kim Kardashian, has announced a new funding round that has raised $225 million (£171.5 million), increasing the company’s valuation to $5 billion. The investment group includes Goldman Sachs, which is part of a major Wall Street banking firm. Skims intends to use the funds to expand its physical retail […]

A nuclear power station is set to be constructed on Anglesey, Wales, which is expected to create up to 3,000 jobs and attract billions in investment. The facility at Wylfa will feature the UK’s first three small modular reactors (SMRs), with potential space for up to eight reactors. Construction is scheduled to begin in 2026,

Rachel Reeves has been pressed by property experts, including television presenter Kirstie Allsopp, to eliminate the stamp duty, often referred to as a “sin tax,” in the upcoming budget. This tax applies to property transactions exceeding £125,000. Allsopp expressed concerns that potential changes to stamp duty have led to public anxiety, causing many to postpone

Rachel Reeves faces significant challenges in preparing for her upcoming budget presentation on 26 November, particularly concerning government bond markets. Recent internal conflicts within the Labour Party, exacerbated by briefings from government sources, threaten to undermine her strategy in the lead-up to this critical event. Before the emergence of a leadership challenge, the Chancellor had

Foster’s lager drinkers in the UK will soon see a reduction in alcohol content from 3.7% to 3.4%. Heineken UK, the brewer of Foster’s, indicated that this change will make the lager eligible for lower rates of alcohol duty, potentially resulting in more competitive pricing for consumers. This alteration is scheduled to take effect by

SSE, the company managing the electricity grid in northern Scotland, has unveiled plans to invest £33 billion over the next five years. Approximately two-thirds of this capital will be allocated to enhancing the high-voltage grid capacity, facilitating the transfer of power from the north to southern customers. The investment includes the construction of tall pylons

A recent product release has sparked a variety of reactions online, particularly concerning its pricing. Many individuals have criticized the high cost associated with this item, questioning its value compared to similar products on the market. In addition to concerns about the price, some users have noted the item’s resemblance to a specific type of

The U.S. Mint is set to produce its final batch of pennies on Thursday, marking the end of over 230 years of penny production. The coins will continue to circulate, but businesses have begun adjusting prices, citing a decreasing availability of pennies. The decision to cease penny production is projected to save the government approximately

Nick Glynne, the CEO of Buy It Direct, a major online retailer in the UK, has indicated that automation and artificial intelligence (AI) may reduce the company’s workforce by two-thirds within the next three years. Glynne discussed these predictions during an interview on BBC 5 Live’s Wake Up To Money, expressing concerns about the future

A recent report by the Bevan Foundation has revealed that approximately 25% of individuals in Wales are cutting down or skipping meals due to financial difficulties. While some signs of improvement are noted, specific groups, such as disabled individuals and families with children, continue to experience significant challenges. Taff-Ely Food Bank, which serves the Rhondda