Lenders expect further rise in mortgage defaults in coming months July 11, 2024 UK lenders are expecting a further jump in default rates on home loans in the coming months, according to a Bank of England survey, as mortgage holders face higher refinancing costs.
Max Mara nearly doubles UK profit as ‘extraordinary’ market challenges ease July 11, 2024 The UK arm of luxury womenswear brand Max Mara has almost doubled its pre-tax profit despite what it described as a "highly uncertain" economic backdrop, newly-filed documents have revealed.
Meet the man quietly building London’s next bit of vital infrastructure July 11, 2024 Tim Creswick runs Vorboss, the company building the fibre network London businesses increasingly rely on
Asset manager Redwheel buys £1.1bn sustainable investor Ecofin July 11, 2024 Asset manager Redwheel has moved to expand into the US with the buyout of sustainable asset manager Ecofin for an undisclosed price.
Wealth manager takes legal action against fund house for ‘unacceptable performance’ July 11, 2024 Financial planning firm Tavistock and investment manager Titan have descended into a legal spat over the alleged poor performance of Titan's model portfolio service (MPS).
Mountain Equipment hit by export sales cut as profit more than halves July 11, 2024 Profit at Mountain Equipment more than halved following a strong few years of growth as the brand saw a sharp decline in exports, according to newly-filed documents.
Heathrow Airport: Landing charge ruling spells trouble for UK’s biggest hub July 11, 2024 The landing fee has been the subject of a bitter feud between Heathrow and airlines such as Virgin Atlantic in recent years.
Schroders chief: FCA must not ‘muddle’ consumer powers with City competitiveness July 11, 2024 The boss of Schroders has called on the Financial Conduct Authority to more clearly separate its consumer protection powers from its duty to enhance the competitiveness of the City, as he issued a rallying cry to end “safetyism” in financial regulation.
Starmer and Reeves told to put capital markets at heart of economic strategy July 11, 2024 The chief executives of challenger stock exchange Aquis and retail investment platform PrimaryBid have urged the new government to prioritise opening up UK markets to new capital as an engine for economic growth.
Omega: Kitchen maker says slip into the red was ‘outside its control’ July 11, 2024 British kitchen maker Omega has slipped into the red following a year marred by challenges "outside the company's control", according to newly-filed documents.
