Savings rates fall for first time in more than two years as banks slash deals November 21, 2023 Fixed savings rates have fallen across the board for the first time in more than two years, according to new data, as inflation cools and the Bank of England hold interest rates.
Third-gen crypto tokens pull back as market leaders edge sideways November 21, 2023 There’s been a pullback in many of the younger crypto markets this morning, with Chainlink, Polygon, Polkadot, Avalanche and Solana all down.
US seeks $4bn from Binance to end criminal probe November 21, 2023 The US Justice Department is seeking more than $4bn from Binance as part of a proposed resolution of a years-long investigation, according to a report.
Workspace profits jump as demand for flexible offices grows November 21, 2023 Workspace completed 583 lettings during the half year, with occupancy levels remaining largely unchanged at at 88.7 per cent.
Cranswick remains ‘cautious’ as it tackles inflation with 25 per cent profit gains November 21, 2023 UK food producer Cranswick has regained strong positioning after inflation took its toll this year, reporting a 12.3 per cent increase in revenue in its half-year interim results today.
AO World raises guidance again as it returns to profit despite falling revenues November 21, 2023 Electrical retailer AO World has raised its profit guidance despite revealing a fall in revenue, according to a trading update published this morning. The online group, which calls Frasers Group its largest shareholder, said a decision to stamp out unprofitable sales led to a 12 per cent dip in revenue during the interim. But adjusted [...]
Shell Energy hit with £1.4m fine by Ofcom for ‘serious breach’ of consumer protection rules November 21, 2023 Shell's UK arm has has received a £1.4m from the media watchdog for a "serious breach" in consumer protection rules.
Venture capital firms rush to sign up as pension funds prepare £75bn bonanza November 21, 2023 Another wave of the UK’s venture capital and growth investors have thrown their weight behind efforts to get pension money flowing into start-ups today by signing the government’s Venture Capital Investment Compact.
UK borrows more than expected ahead of Autumn Statement as tax cuts mooted November 21, 2023 The government borrowed more than expected in October, providing a “timely reminder” about the state of the UK’s fiscal position ahead of the Autumn Statement. According to figures from the Office for National Statistics, the government borrowed £14.9bn in October, £1.2bn more than had been pencilled in by the Office for Budget Responsibility (OBR). This [...]
Boost EV battery production to prevent decline of UK car industry, MPs warn November 21, 2023 Electric vehicle (EV) battery production must be incentivised to prevent the decline of the UK car industry, MPs warned.
