Mortgage lending falls by a third as borrowers avoid bank switch stress tests August 29, 2023 Increasing pressure on the housing market drove down activity in mortgage lending and led to changes in the market, new data out today shows. According to UK Finance data, lending for house purchases in the second quarter stood around 30 per cent lower than the same period last year. The industry body said this stemmed [...]
Wilko ‘not out of the woods’ yet as redundancies suspended while PwC mulls bids August 29, 2023 Wilko has suspended all redundancies while its administrators PwC consider further bids, GMB Union has said. The union met administrators of PwC this morning to discuss multiple bids which have been made for the discount retailer. “Whilst this is a positive development, Wilko is not out of the woods by any means and this is [...]
UBS settles Credit Suisse lawsuit with Swiss financial blog Inside Paradeplatz August 29, 2023 UBS and Swiss finance blog Inside Paradeplatz have settled a lawsuit relating to comments published on the site about Credit Suisse.
Air traffic control chaos: Over a quarter of UK flights nixed as Heathrow crippled August 29, 2023 Over a quarter of flights to and from UK airports were cancelled yesterday, revealing the huge and ongoing impact of the network-wide air traffic control failure currently disrupting the sector. According to aviation analytics firm Cirium, 790 departures and 785 arrivals were cancelled, equating to 27 per cent of all flights from the UK. Heathrow [...]
UK transport is reliable, minister insists, despite flight disruption and rail strikes August 29, 2023 Transport Secretary Mark Harper has insisted the UK has a reliable transport network, despite yesterday's “network-wide” failure of the country's Air Traffic Control (ATC) system and ongoing rail strikes.
The UK’s stamp duty on shares is a form of fiscal self-harm August 29, 2023 The malaise of our stock markets has been discussed at length over the past year. Reasons offered vary: Britain’s investors lacking a risk appetite, pension funds not putting sufficient capital into equities, a lack of research thanks to Brussels-era unbundling rules, even our liberal approach to short sellers have all been given as perfectly sane [...]
Stepping Stones To Sustainability – Green your employment culture in 5 steps August 29, 2023 | Sponsored Introduction Sustainability is increasingly high on people’s agenda and has become a buzz word in business circles. Measurable performance and tangible outcomes are becoming the standard across all sectors. But what does this really mean in practice, and how do you make your business more sustainable in a meaningful way? We break sustainability challenges down into [...]
Trust in supermarkets at 10-year low like ‘dark days of horsemeat scandal’ August 29, 2023 Trust in supermarkets has plunged to its lowest level in nearly a decade as consumers continue to worry about high prices, despite food inflation showing signs of easing. In August the grocery sector received a trust score of +30 -on a scale of -100 to +100 -from British shoppers, a new study by Which? revealed [...]
FTSE 100 reshuffle: M&S in, Abrdn out, but who else is coming and going? August 29, 2023 As the reshuffle of the FTSE 100 index approaches, several firms are vying for a coveted spot among the UK's top-tier stocks.
Bunzl: Giant on a shopping spree with two acquisitions and bumped-up guidance August 29, 2023 Outsourcer buys firms in Poland and the Netherlands as it continues acquisition spree