Bonus cap: Bankers and nurses both work hard, but you shouldn’t compare their pay August 13, 2024 As UK banks start scrapping the bonus cap, Emma Revell argues why this is a good thing – and what the NHS could learn from it People hate bankers almost as much as they love the NHS. So unsurprisingly, the return of big bonuses to City pay packets is not without controversy. In what may [...]
Barclays joins Wall Street rivals in scrapping EU bonus cap August 8, 2024 Barclays has become the first UK bank to remove an EU-imposed cap on bonuses for some of its top bankers and traders, bringing the firm's policies on variable pay closer to its Wall Street rivals.
London pub group handed lifeline after administration and closure woes August 6, 2024 A London pub company that partly collapsed into administration earlier this year and closed a number of sites has agreed a £61m deal.
Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says August 6, 2024 The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout.
Lloyds, Barclays and Natwest: FTSE 100 bank shares slide on fears of US recession August 5, 2024 The UK's biggest banks were among FTSE 100 stocks hit by a global sell-off on Monday as investors were spooked by the prospect of a US recession.
Barclays announces £750m buyback after beating expectations August 1, 2024 Barclays joined other lenders in announcing sizeable returns to shareholders after performing ahead of expectations in the second quarter. In the three months to June, Barclays reported a pretax profit of £1.9bn, more or less unchanged on last year but comfortably ahead of the £1.6bn expected by analysts. The lender’s investment bank and its wealth [...]
Make no mistake, tax rises are on the way July 23, 2024 Evidence is piling up that Chancellor Rachel Reeves will almost certainly be forced to raise taxes this autumn, Chris Dorrell writes
England fans drink in Euros final with pub spending spree July 17, 2024 The number of orders made at pubs nearly tripled on the day that England played Spain in the Euros final, as football fans flocked to watering holes to see Gareth Southgate's side in their second final in three years.
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
Dreary summer pushes consumer spending to three-year low July 9, 2024 The Barclays report found it was also not enough to keep footie fans away from the pubs, bars and clubs, which saw "modest" year-on-year growth in June, up 0.5 per cent.