Nationwide bucks trend as building society promises to keep all its branches open until 2026 June 21, 2023 Nationwide has extended its promise to keep all of its physical branches open, as it continues to buck the trend among high street banks. The UK’s largest building society had already committed to maintain all 605 of its physical branches until 2024, but today it extended that commitment until 2026. Branches can still be closed [...]
Berkeley warns planning rules and ‘regulatory uncertainty’ weighing down housebuilding goals June 21, 2023 Housebuilder Berkeley has warned the delivery of new properties is under threat from the planning environment and regulatory uncertainty, as it reported near 10 per cent profits before tax this year. More than 4,000 homes were delivered by the firm with over 85 per cent being on regenerated Brownfield land. It also said it’s delivering [...]
THG share price up as firm eyes profitability boost while CEO gives up power to veto hostile bids June 21, 2023 THG said it was anticipating a “significant increase in profitability” in its half year results following a boost from its nutrition segment and and big losses earlier in the year. The e-commerce retailer said that CEO Matthew Moulding had given up his special share in the firm, which means that Moulding can no longer veto [...]
Wagamama owner waves goodbye to CFO as part of top team shake up June 21, 2023 Wagamama’s owner The Restaurant Group (TRG) is waving goodbye to its chief financial officer, Kirk Davis, as part of a shake up of its top team. The hospitality group, which also owns high street eateries such as Frankie & Bennys, said that Davis will step down after the publication of its interim results in September [...]
Halfords profits tumble by £38.3m but expects ‘strong growth’ June 21, 2023 Halfords reported a £38.3m drop in annual profits as the group was hit by a decline in consumer demand for cycling following its lockdown boom and a tough economic climate. For the year, underlying profit before tax slumped to £51.5m compared to £89.8m the prior year and £56m during the pandemic as the retailer invested [...]
UK debt pile tops size of entire economy for first time since 1960s June 21, 2023 Britain’s debt stock has swelled to larger than the size of its economy for the first time since March 1961, pushed higher by the government helping families with their energy bills, new numbers out today show. The UK’s over £2.5 trillion debt pile represents 100.1 per cent of the value of its gross domestic product, [...]
Titanic wreck voyage disaster: Noises detected from search area of missing vessel with British billionaire on board June 21, 2023 Noises have been detected from the search area of the missing deep-sea vessel near the wreck site of the Titanic as those on board face a dwindling supply of oxygen. The submersible, named Titan, lost communication with tour operators on Sunday while about 435 miles south of St John’s, Newfoundland, during a voyage to the [...]
The Notebook: Olle Lundin on revolutionising banking, reshaping the fintech landscape and expanding into the UK June 21, 2023 The notebook is written by Olle Lundin, co-founder and CEO of Swedish fintech Froda, which is launching in London As I stand here today, on the brink of Froda’s expansion into the UK market, I can’t help but feel both excited and nostalgic. You see, long before co-founding Froda and embarking on this incredible fintech [...]
Barriers to business require urgent action from government June 21, 2023 Per the business secretary, Britain’s trade problem is that we don’t think we can. Apparently our ‘sardonic’ sense of humour holds us back from sailing the seven seas like mercantile Brits of old. Even by the standards of recent years, it’s an absurd statement. It sums up a wider dereliction of duty in Westminster towards [...]
Rishi Sunak: City of London will be ‘engine room’ of UK investment in rebuilding Ukraine June 21, 2023 Ukraine is set to receive £3bn in World Bank loan guarantees as Prime Minister Rishi Sunak confirmed the UK would continue to support the nation for “as long as it takes” in the fight against Russia. Sunak will also announce a major financial support package for the eastern European country as it mounts its long-awaited [...]
