Barclays consumer spending drops for first time since 2024 Banking Consumers using Barclays credit and debit cards cut their spending for the first time in 17 months in the latest sign of turmoil facing the global economy. Total spending was down 0.1 per cent year-on-year marking the first drop since November 2024, where Brits were feeling the pinch of Labour’s first Budget. Consumers mainly drew [...]
Housing ladder? What about those who can’t get on the credit ladder Opinion There are plenty of column inches dedicated to getting more Brits on the housing ladder, but what about the credit ladder, asks Jono Gillespie.
Barcelona credit rating rises from stable to positive Sport Business Barcelona today boasted of an upgrade in their credit rating, with the LaLiga champions seeing their status move from “stable” to “positive”. An assessment from agency Morningstar DBRS has upgraded the Catalan club’s credit rating despite Barcelona facing recent financial difficulties, in which they were fined over £400,000 for breaching Uefa rules in 2023. The [...]
Moody’s upgrades UK banking outlook as lenders weather falling interest rates October 2, 2024 Credit rating agency Moody's has upgraded its outlook for the UK banking system to "stable" from "negative", expecting lenders' balance sheets to stay resilient to falling interest rates.
Thames Water handed more special measures from Ofwat after credit rating downgrade August 7, 2024 Thames Water will be made to appoint an independent monitor and develop a “suitable” turnaround plan as part of a raft of new measures from the regulator after the its credit rating was downgraded. Ofwat said that the recent decisions from Moody’s and S&P – two of the world’s largest credit ratings agencies – to [...]
Moody’s slaps Thames Water’s debt with ‘junk’ rating July 24, 2024 Moody’s Ratings has lowered Thames Water’s highest tranche of debt to 'junk' in another blow to the struggling water firm.