Lloyds places thousands of jobs under review in tech overhaul Banking Lloyds Banking Group has placed thousands of jobs in its IT division under review as the lender races to beef up its engineering teams and modernise its digital banking offer, City AM can reveal. The FTSE 100 bank told some 6,000 tech and engineering staff on Wednesday that their jobs may be at risk of [...]
What the Bank of England interest rate cut means for your money Personal Finance Consumers need “careful financial planning in the months ahead” after the Bank of England cut interest rates on Thursday, wealth manager Quilter has warned. Financial planner at Quilter Holly Tomlinson said the 25 basis point cut will be “good news” for borrowers, whilst savers will be stung by lower returns on deposits. Tomlinson said: “Banks [...]
Andy Burnham wants Manchester to add an extra £13bn a year to the UK economy – this is how Economics A decade-long plan to increase Greater Manchester’s contribution to the UK economy by £13bn a year has been unveiled by the region’s mayor, Andy Burnham. The proposal, which has been made public today, would see the “whole Greater Manchester system mobilised” to deliver £1bn of investment every year between now and 2035. Burnham has also [...]
Tennis star Taylor Fritz donates Australian Open prize money to LA fire relief January 16, 2025 California-born tennis star Taylor Fritz has pledged to donate some of his Australian Open prize money to help victims of the fires that have swept through LA. The American men’s No1 is giving his first-round winnings of A$132,000 (£67,000) to relief efforts as the wildfires continue to wreak devastation on the city. “I just want [...]
UK braced for heavy snow and freezing rain amid amber weather warnings January 4, 2025 Large parts of the UK will be hit by heavy snow and freezing rain which could lead to disruption this weekend amid two amber weather warnings. Stranded vehicles on the roads, delayed or cancelled rail and air travel and power cuts are likely as the country grapples with a week-long spell of wintry conditions, the [...]
Mystery as Banksy artwork on Brick Lane disappears overnight December 5, 2024 An artwork by Banksy on Brick Lane which first appeared in the summer has been removed overnight for reasons yet to be confirmed.
Founder Favourites: How to make a multimillion-pound business selling biscuits December 4, 2024 Building a successful business takes a focused mind and a steady hand. One look at the intricate biscuits made by entrepreneur Harriet Hastings, and it’s clear she has both. In this episode of Founder Favourites, Hastings tells Jennifer Sieg and Emmanuel Nwosu how she launched and scaled her multimillion-pound biscuit brand, Biscuiteers, in the span [...]
Making the case for ADR in the business world November 26, 2024 | Sponsored In November 2023, the UK Court of Appeal found that parties to a dispute being litigated through the courts, can be ordered by the court to engage in non-court-based dispute resolution, often referred to as alternative dispute resolution (ADR). Catherine Dixon, CEO of the Chartered Institute of Arbitrators (Ciarb) looks at what ADR, including mediation, [...]
As America votes, can US democracy survive without a WaPo endorsement? November 5, 2024 The US election has given rise to a huge number of divisive, potent and important debates. For many people, regardless of whether they even have a vote in this race, the contest has raised questions about the viability of American democracy itself. Those questions are likely to linger long after the close of polls and, [...]
‘Dangerous and destructive’ Hurricane Milton makes landfall in Florida October 10, 2024 Hurricane Milton has made landfall as a Category Three storm, with the Met Office warning it will be “dangerous and destructive” as thousands of UK holidaymakers had their flights to Florida cancelled. Milton made landfall near Siesta Key, Florida, at about 8.30pm local time. The US National Hurricane Centre reports the hurricane had maximum sustained [...]