Rachel Reeves: ‘Britain didn’t need a recession to bring down inflation’ February 15, 2024 "I don’t buy this argument that you need to have a recession to get inflation down," the shadow chancellor said at a press conference.
Barclays reportedly considering bid for Societe Generale’s UK private bank February 15, 2024 Barclays is reportedly weighing up a bid for Societe Generale’s UK private bank as part of efforts to diversify its business model.
FCA cracks the whip on consumer duty February 15, 2024 The Financial Conduct Authority is set to quiz financial advisers over whether they are properly following the new Consumer Duty regulations, after hearing that some may be overcharging customers. Around 20 of the largest advice firms are receiving a survey from the regulator, but the FCA stressed that their selection had not been based on [...]
Eurozone growth for 2024 downgraded but inflation also set to fall further February 15, 2024 The eurozone is now predicted to grow 0.8 per cent in 2024, downgraded from 1.2 per cent in its previous round of forecasts in November.
Oxford Street: Derelict House of Fraser site to get £132m revamp – with new offices and a swimming pool February 15, 2024 House of Fraser’s former flagship site on Oxford Street is set to undergo a £132m transformation, which will bring new offices and a swimming pool to the retail drag.
Challenger banks pip high street rivals again as Monzo tops league table February 15, 2024 The UK's digital challenger banks have once again outperformed their high street rivals in a league table on customer satisfaction from the competition watchdog.
Cambridge tech firm Checkit halves losses as it eyes profitability February 15, 2024 Software company Checkit has said its path to profitability is moving faster than expected, after it has halved losses year on year.
Why a recession does matter – and not just for Rishi Sunak’s career February 15, 2024 After months of debating whether the UK would fall into a recession, we finally have an answer. There's now a new debate: does it matter.
Ithaca Energy scales back North Sea investment due to energy windfall tax February 15, 2024 Ithaca Energy said today that its full-year earnings would be in line with its guidance, as the firm grapples with a sinking stock price. The North Sea oil and gas producer said 2023 production had been 70.2 thousand barrels of oil equivalent per day, matching expectations of 78-74. Last month, the firm’s chief executive Alan [...]
Stellantis chief warns of ‘turbulent’ year as Detroit Three strikes dent profits February 15, 2024 The chief executive of Stellantis has said the carmaker will remain "rock solid" ahead of a "turbulent" year, as operating profits fell.
