Bank of England’s Mann: ‘Squeeze out’ inflation with rate holds August 26, 2025 Inflation is likely to become “persistently elevated” unless it is squeezed out with a more restrictive monetary policy than the Bank of England is currently predicting, a top Bank of England official has warned. In a hawkish speech delivered on Tuesday, Monetary Policy Committee member Catherine Mann said the spectre of further price rises looked [...]
Lloyds to hand shareholders over £17bn by 2027, analysts say August 26, 2025 Lloyds Banking Group shareholders are set for a bumper payout with analysts projecting the lender will return over £17bn to investors by 2027. The FTSE 100 giant was listed as Jefferies analysts “preferred” banking stock following a strong year-to-date performance. Shares in Lloyds have jumped over 50 per cent since January. The bank received a [...]
OSB’s profit plunges due to falling interest rates August 20, 2025 OneSavings Bank (OSB) recorded a hefty hit to profit for the first half of 2025 as lower interest rates took a chunk out of the group’s bottom line. The London-listed firm posted a 20 per cent decline in profit before tax, which fell to £192.3m in the first half. Net interest income (NII) fell five [...]
Monzo to follow Revolut and Klarna with launch of mobile service August 19, 2025 Monzo has become the latest fintech darling to expand its lifestyle reach with the firm exploring the development of mobile phone services. The London-based firm is looking to offer a Monzo-branded service to its over 12 million in account holders. The service would follow rival Revolut issuing plans in April to enter the mobile market [...]
Persimmon: Profit jumps as construction activity rises August 13, 2025 Persimmon has reported a double-digit rise in operating profit on increased construction volumes, despite ongoing affordability pressures. The housebuilder told markets this morning that private completions rose seven per cent to 3,987 homes, while total completions rose four per cent to 4,605. It is on track for completions of 11,000-11,500 homes for the full year. [...]
Bank of England interest rate cut offers modest boost for UK SMEs August 11, 2025 The Bank of England’s recent decision to reduce its base interest rate from 4.25 per cent to four per cent marks the first time borrowing costs have fallen to this level since March 2023, offering a modest reprieve for UK small and medium-sized enterprises (SMEs) after two years of elevated rates. According to new analysis [...]
Starting pay growth at slowest pace since 2021 August 11, 2025 Pay for new hires rose at the slowest pace in over four years, fresh data has indicated, in signs redundancies and higher taxes are depressing wage growth. The lack of demand among recruiters and the larger number of job seekers in the UK economy has led to starting salary inflation slowing down to its lowest [...]
Five top paying savings accounts – earn up to 7.5 per cent August 8, 2025 Savings accounts are staging a fiery comeback as UK providers battle to attract customers. With the cost-of-living still rumbling on and interest rates beginning to shift, there’s prime opportunities to put money to work. A number of top accounts have upped rates in recent months – some over seven per cent – helping in a [...]
House builder blames ‘broken planning system’ and interest rates for loss August 7, 2025 In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported a pre-tax loss of £1.2m for the 12 months to 31 October, 2024, down from the £2m profit it achieved in the prior year. New [...]
Mortgage recovery hinges on a Bank of England interest rate cut August 6, 2025 Homeowners across the UK are catching a break as mortgage arrears fell for the first time since the cost-of-living crisis began – but a full recovery will hinge on the Bank of England’s decision on Thursday. Missed mortgage payments in the second quarter fell by 4.4 per cent across the UK, whilst direct debit rejections [...]