Home repossessions rise as higher interest rates bite borrowers Property The number of homeowners with mortgages facing repossession rose in the fourth quarter of 2024 as buyers struggled with higher interest rates. UK Finance figures show that repossessions rose 12 per cent in the last three months of 2024 compared to the previous year and were up 54 per cent yearly. Overall, 1,030 residential houses [...]
BP shares lead the FTSE 100 as activist hedge fund takes position Energy BP shares jumped to the top of the FTSE 100 this morning as a rumour emerged that an activist hedge fund had taken a position in the stock. Shares in the blue-chip oil giant jumped seven per cent in early deals on the news activist hedge fund Elliott Investment Management had built a position in [...]
Filtronic: Defence firm pens huge deal with Elon Musk’s SpaceX Tech British defence and telecoms firm Filtronic has penned a further multi-million-pound deal with SpaceX, the aerospace behemoth owned by Elon Musk. The company won a contract with SpaceX, worth almost £17m for the financial years 2025 and 2026, according to the firm, which made the announcement to markets this morning. Filtronic, which designs and makes products [...]
Rachel Reeves to meet bank bosses as growth agenda stalls February 10, 2025 Chancellor Rachel Reeves is set to meet top bank bosses this week in the latest attempt to kickstart her growth agenda. The embattled Labour chancellor has reportedly called in top executives at Barclays, Lloyds Banking Group, NatWest and Nationwide, according to Sky News’ Mark Kleinman. This comes as the government’s growth strategy continues to falter. [...]
Law firm HFW hires Deloitte executive as new global COO February 10, 2025 Sector-focused City law firm HFW has hired its new chief operating officer from Big Four giant Deloitte
Thousands of illegal workers arrested in government border security crackdown February 10, 2025 Thousands of migrants working illegally in nail bars, car washes and restaurants have been arrested as part of the government’s efforts to tighten UK border security. Some 3,930 arrests have been made across 5,424 visits by immigration enforcement officers since July 5 when labour took power to January 31, in what is understood to be [...]
Call for UK regions to bid to become AI Growth Zones February 10, 2025 Regions across the UK have been encouraged to put themselves forward to become new economic centres for AI development, as the Government opened bidding for new AI Growth Zones. Growth Zones were announced as part of the Government’s AI Action Plan last month, designed to be new centres of development for AI technology and infrastructure. [...]
As tariffs loom, the UK-India trade deal is all the more important February 10, 2025 Tariffs are the road to ruin. But the UK still has many opportunities with trade partners like India, writes Lord Mayor Alastair King.
If the NAO is calling for government innovation, you know it’s bad February 10, 2025 Everyone thinks government should be more innovative, but the NAO saying it means Labour really has dithered, writes Eliot Wilson.
Angela Rayner denies being ‘aggressive’ in meeting with Grenfell survivors February 9, 2025 Angela Rayner has denied being “aggressive” during a meeting of the Grenfell bereaved and survivors when informing them about the decision to dismantle the tower. The deputy prime minister said it is “not a possibility” for Grenfell tower to remain in its current state. The tower will be brought down to ground level, with some parts returned where possible [...]