Shoppers rack up £3.3bn buy-now-pay-later debt in Christmas spending spree January 20, 2022 Shoppers racked up £3.3bn of debt using buy-now-pay-later (BNPL) products in a spending spree over the Christmas period, new data has revealed.
Hiking state pension age to 70 is unavoidable, warns top think tank January 18, 2022 Hiking the state pension age to 70 is unavoidable over the coming years, a top think tank warned today. The UK public finances are likely to buckle under the weight of the strain placed on them from having to fund Brits’ retirement packages, according to the International Longevity Centre (ILC). The cost of funding the [...]
Barclays tells big business to pay up as small firms face cashflow crisis January 17, 2022 Barclays has warned that big businesses are threatening smaller suppliers' survival with extended payment terms.
JP Morgan hits record annual profits despite fourth quarter slowdown January 14, 2022 JP Morgan has reported record annual profits today despite a slowdown in its trading business and rising costs biting into into fourth quarter profit margins. Profits for the full year hit a record $48.3bn, but the final quarter of the year saw a dip to $10.4bn, a 14 per cent fall on the previous year. [...]
Tech leaders double down on digital currency following Lords rebuttal January 14, 2022 Tech bosses have doubled down on calls for a central bank backed digital currency (CBDC) after a report by the house of Lords.
No Britcoin crypto: House of Lords says no to digital pound but Bank of England undeterred despite run on cash warning January 13, 2022 A bank run during economic downturns is a realistic scenario if an official British digital currency were to be created, a committee of peers has warned. The Lords Economic Affairs Committee said that the introduction of a central bank digital currency (CBDC) could pose “significant risks” in the UK. Bank of England officials are currently [...]
Crowdcube faces watchdog investigations over failed fast-food firm January 12, 2022 Crowdfunding platform Crowdcube faces a slew of investigations after a group of investors say it failed to verify a company’s business plans.
Wise shares show signs of recovery after Citi sparks sell-off January 11, 2022 Wise shares began to regain ground this morning after a sharp a sell-off yesterday saw the stock plummet to its lowest price ever. Shares in the London-based fintech firm fell 2.5% before 9am but recovered to trade up 3% on their opening price. Wise shares plummeted 7% yesterday following guidance from Citi analysts that their [...]
Morning snapshot: Your Daily Dose of pre-market news January 10, 2022 It’s Monday 10 January. Here is a quick overview of the stories that are making headlines this morning in the UK and around the world. UK POLITICS Cladding: Developers must agree a £4 billion plan to fix dangerous cladding on low-rise flats by early March or risk new laws forcing them to act, Housing Secretary [...]
Retail investors flock to sustainability firms January 10, 2022 Retail investors have flocked to ‘cleantech’ and sustainability firms as they look to capitalise on a wave of new entrants to the sector.