Chancellor Rachel Reeves and economic secretary Tulip Siddiq have inaugurated the UK’s 100th banking hub in Darwen, Lancashire, in response to bank closures in the area. These hubs offer essential face-to-face banking services like cash withdrawals and cheque deposits and are run by multiple banking brands, with the Labour government pledging to establish 350 hubs by 2029. The initiative aims to safeguard access to banking services for local residents and businesses, revitalize high streets, and improve living standards nationwide.
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Why Axcelis Technologies Soared More Than 10% Higher This Week
A bottom-line beat in its inaugural quarter of 2025 drove Axcelis Technologies' (NASDAQ: ACLS) share price up by 10% over the past week, according to S&P Global Market Intelligence. On Tuesday, Axcelis reported first-quarter revenue of $192.6 million, significantly lower than the over $252 million earned in the same quarter of 2024. Despite the revenue decline, the positive earnings performance contributed to the stock's increase. Full Article
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