UK Top 10 News

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Porsche has been hit hard by a slump in demand for all-electric vehicles, leading the company to issue its fourth profit warning of the year.
Shares in Porsche AG were down by almost 10 percent, and the company's decision to focus heavily on electrification has been called a 'busted flush' by analysts.
The strategy shift is expected to hit operating profit by up to €1.8 billion this year, with the company now forecasting a profit margin of no more than 2 percent.
Meanwhile, HSBC has become Britain's most valuable public company, surpassing AstraZeneca with a market capitalization of £177.7 billion.
AstraZeneca's shares have slipped following its decision to halt a planned float amid frustrations over the cost of an NHS sales scheme.
In telecommunications, the newly merged Vodafone-Three has struck a £2 billion deal with Nokia and Ericsson to improve its mobile network and win approval from competition regulators.
The investment is part of an £11 billion commitment to deliver 5G coverage to nearly 75 percent of the UK population by next year.
In the retail sector, The Cotswold Company reported a 30 percent jump in half-year revenue, boosted by new showroom openings.
The company says it is benefiting from a shift by customers toward high-quality furniture.
Conversely, British ground engineering contractor Van Elle has warned of lower profits due to delays in building works across all sectors, particularly those related to Building Safety Act approvals.
Lastly, Spanish bank BBVA has increased its bid for rival Sabadell to £17 billion after its initial offer was rejected, but a source at Sabadell says the new offer is still well below what investors expected.
2025-09-23 14:42:00



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