Contactless payments surge as cash continues to spiral Cash in decline Contactless payments surged over 40 per cent last year as entertainment and hospitality rebounded and cash usage continued its decline, new data has revealed.
Live to fight another day: Amigo Loans’ stock makes much-needed 22 per cent comeback after two days from hell Latest on lender's drama Amigo Loans share price is climbing this morning, recording a 22 per cent increase after two dramatic days. Yesterday, the lender’s stock dropped nearly a third after the company said late on Monday night that its chief financial officer, Mike Corcoran, will step down immediate effect. “The Company anticipates it will be able to announce the [...]
Aviva Investors calls for businesses to increase focus on human rights and biodiversity Aviva Investors Asset manager Aviva Investors will push firms to increase their focus on biodiversity and human rights as it looks to promote a more rounded approach to corporate sustainability.
Four day work week trial shows 100:80:100 model is taking off in UK but same job in less time may power stress and anxiety January 21, 2022 Three lockdowns have made a large number of employees re-evaluate the notoriously tricky work-life balance. The four-day working week is seen as the perfect solution, designed to offer employees flexible hours and increase productivity during working hours. To some large businesses the concept has proven more viable , so could the five-day working week the next traditional policy [...]
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 [...]