HSBC set to reduce fixed-rate deals as hopes rise that mortgage rates will start to fall July 25, 2023 HSBC became the first high street bank to announce they will be reducing rates on a swathe of their fixed-rate products, sparking hope that mortgage rates might begin to fall. Mortgage rates have spiralled in recent months as inflation has remained stubbornly above the Bank of England’s target. Traders are now betting that the Bank [...]
Frasers eyes Leeds shopping centre in latest retail property buying spree July 25, 2023 Frasers has reportedly set his sights on an outlet shopping centre in Leeds as it continues on its spree of retail property acquisitions. Frasers Group, which is majority owned by business tycoon Mike Ashley, is looking to pay nearly £50m for Junction 32, which is located in Castleford in Wakefield, West Yorkshire, The Times has [...]
The law is sufficiently clear for the UK to become a global leader in digital assets July 25, 2023 Bittrex Global CEO Oliver Linch discusses why the Law Commission's report on digital assets should spur the UK government into action.
Met Police has spent £7.7m policing Just Stop Oil protests since April July 25, 2023 The Metropolitan Police have spent £7.7m policing 13 weeks of Just Stop Oil protests, the force has said. Protestors mounted 515 protests since April and the cost of handling the disruption amounted to the equivalent of 23,500 officer shifts. Actions included slow marches in busy London roads and disrupting major sporting events, and more than [...]
HSBC, Nationwide and TSB failed to send transaction histories to some customers July 25, 2023 HSBC, Nationwide Building Society and TSB collectively let down a total of nearly 170,000 customers by failing to provide payment transaction histories, according to the competition watchdog. The Competition and Markets Authority (CMA), which has written to the two banks and building society, said the failures are “not acceptable”. The providers breached part five of [...]
Sizewell C nuclear plant gets £170m cash boost from government July 25, 2023 Sizewell C has been given a fresh cash boost by the government, which has poured a further £170m into the proposed nuclear power plant.
Bitcoin loses grip on $30,000 as interest shifts to altcoins July 25, 2023 Bitcoin is trading around $29,200 this morning, as the large-cap cryptocurrencies appear to following a downward pattern.
Virgin Media O2 to slash 2,000 jobs as it tries to rid itself of billions in debt July 25, 2023 Virgin Media O2 has revealed plans to slash 2,000 jobs by the end of the year. The telecoms giant issued redundancy notices yesterday evening as part of their effort to streamline operations. The cuts, which include around 800 previously reported job reductions, will affect over 12 per cent of the company’s current workforce. Virgin Media [...]
GAM takeover: Rebel shareholders urge regulator to block ‘deceptive’ claims as Liontrust spat erupts July 25, 2023 A group of rebel GAM shareholders trying to block the firm’s takeover by Liontrust has called on Swiss regulators to step in and prevent “deceptive” and “misleading information” being spread about its own offer.
Date for petrol car ban ‘immovable,’ says Michael Gove July 25, 2023 The 2030 ban on new petrol and diesel car sales is an immovable deadline, Cabinet minister Michael Gove has insisted after Rishi Sunak cast doubt on the policy. The Housing Secretary warned costly plans to tackle the climate crisis could create a “backlash” as ministers come under pressure from the Tory right to relax existing pledges. Amid [...]
