Time is up for supermarket challenger banks, analysts say January 18, 2024 Sainsbury's announced on Thursday morning that it would undertake a “phased withdrawal” from its banking business following a strategic review. There are no immediate changes for customers.
Bank of England survey: Default rates continue rising in 2023 – but at slower pace January 18, 2024 According to bank responses to the Bank of England's quarterly credit conditions survey, default rates on secured lending - which includes mortgage lending - increased in the final quarter of 2023.
House of Lords ‘must pass Rwanda bill’, Rishi Sunak says January 18, 2024 The House of Lords “must pass this bill”, Rishi Sunak has said after MPs backed plans to pass new legislation to deport asylum seekers to Rwanda.
Probe into AI and future of UK news launched amid heavy election year January 18, 2024 The government has launched a probe into the future of UK news amidst the rise of artificial intelligence (AI) and the world's largest-ever election year.
FCA to probe City firms on bullying and sexual misconduct reports January 18, 2024 City firms will be probed on how they deal with reports of workplace sexual harassment and bullying, including the use of NDAs, the financial watchdog has confirmed, after the limited progress of industry-led efforts.
AJ Bell share price rises as AUA reaches record high thanks to net inflows January 18, 2024 In a trading update covering the three months to December, the firm that AUA in its platform business had climbed seven per cent in the quarter. This brought it to £76.2bn, a new record for the firm.
Poundland owner Pepco warns disruption in the Red Sea could raise freight costs January 18, 2024 Poundland owner Pepco has warned that disruption at the Red Sea could lead to higher freight costs and hit product supply.
Sage reports growth in all regions as cloud business soars January 18, 2024 Software firm Sage has reported revenue growth in all its regions as its cloud business continues to attract demand.
Pakistan launches retaliatory strikes on Iran militants as tensions ratchet up January 18, 2024 Pakistan’s air force launched retaliatory airstrikes early Thursday in Iran allegedly targeting militant hideouts, an attack that killed at least nine people and further raised tensions between the neighbouring nations. The strikes followed Iran’s Tuesday attack on Pakistani soil that killed two children in the south-western Baluchistan province. Iran’s state media on Thursday said several [...]
Mike Ashely’s Frasers Group raises stake in Boohoo to 22 per cent January 18, 2024 Mike Ashely’s Frasers Group has upped its stake in Boohoo again, taking it from 17 per cent to over 22 per cent. Shares in the fast fashion firm leaped over three per cent this morning as investors responded positively to the news. Frasers, formerly called Sports Direct, said over the summer its purchase of Boohoo [...]
