Number of company administrations set to rise this year, analysts predict August 16, 2022 More UK companies are set to enter administration this year than last year, analysts have warned. Risk consultancy Kroll said yesterday that it predicted that the UK could face up to 895 company administrations in 2022, compared to just 659 in 2021. So far there have been 522 administrations this year, with an average of [...]
Crypto scammers make off with $1.9bn after surge in DeFi theft August 16, 2022 Crypto hackers made off with $1.9bn in the first seven months of the year after a surge in funds stolen from decentralised finance (DeFi) protocols, according a top crypto analysis firm.
Brexit Britain no longer seen as potential home for EU citizens: New arrivals drop by 90 per cent in just one year August 16, 2022 The number of citizens from member states of the European Union that moved to Britain has dropped dramatically, according to new figures seen by City A.M. Data from the Migration Observatory, part of the University of Oxford, showed that just under 43,000 EU citizens obtained UK visas for work, study, family or other purposes last [...]
Aldi raises warehouse workers’ pay for second time August 15, 2022 Aldi will boost warehouse workers’ pay by up to nine per cent in a bid to help their staff cope with the rising cost of living. This means that warehouse selectors, who make up a majority of distribution centre roles, will receive a new minimum rate of £12.66 an hour. The company said yesterday that [...]
Fintech challenger banks steam ahead of high street stalwarts in CMA ranking August 15, 2022 Fintech challenger banks Starling and Monzo have leapt ahead of their traditional high street rivals in a fresh ranking of UK lenders published today by the Competition and Markets Authority.
House prices continue to climb in nightmare scenario for first-time buyers even though buyer interest is slowing August 15, 2022 House prices continue to move firmly upwards and are still expected to be higher in a year’s time, according to the Royal Institution of Chartered Surveyors (RICS) this afternoon. The numbers are somewhat surprising given that surveyors have seen the longest stretch of shrinking buyer demand in the housing market since the early stages of [...]
Government pension reform will ‘accelerate end game’ for final salary schemes August 15, 2022 Government plans to ramp up scrutiny of ‘final salary’ pension schemes will spark an “accelerated end-game” as managers are forced to rapidly sell-off their riskier assets, a pensions chief has warned.
Why August Is Actually A Good Month To Find A Job August 15, 2022 Your mind might be at the beach even if your body is firmly at your desk: August is the laziest of the summer months, and with record-breaking UK temperatures this season – a new record-high temperature of 40.3°C was set at Coningsby, Lincolnshire, on 28th July – the heatwave has continued with parts of the [...]
Brits in EU slide into Brexit banking limbo as some UK banks shut their accounts August 15, 2022 Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut. A range of British banks, including Barclays, have told UK citizens living in the EU that they will no longer be able to have and use their account in member states, primarily in [...]
Record £300bn wiped off UK bonds and gilts as investors flee in biggest market collapse in decades August 13, 2022 Just under £300bn has been wiped off the value of UK corporate bonds since the start of this year following a major sell-off in the bond market in what is considered the biggest collapse in two decades. In the first six months of this year, the total outstanding value of UK corporate bonds has fallen [...]
