Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says August 6, 2024 The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout.
Sig profit plummets as cracks show in European flooring market August 6, 2024 Sig said its performance reflected "challenging conditions" in the UK Interiors market, where it designs anything from ceilings to raised access flooring.
Ramsdens: Pawnbroker ups guidance on high gold price August 6, 2024 Pawnbroker Ramsdens reported good trading momentum in its third quarter, with profit before tax expected to come in ahead of expectations, mainly thanks to higher gold prices. The company said it expected profit to rise eight per cent this year, from £10.1m in 2023 to £11m. Revenue was helped by the high gold price, which [...]
The Notebook: Why the Consumer Duty is something to celebrate August 6, 2024 Where the City’s movers and shakers have their say. Today, Debbie Kennedy, CEO at Lifesearch, takes the notebook pen to tell us why we should cheer the Consumer Duty Happy birthday to the Consumer Duty! Last week saw the one-year anniversary of Consumer Duty – a relative ‘unknown’ for the average person on the street, [...]
How our two-century-old fine cider brand is climbing its way to the top August 6, 2024 Ambition A.M. meets Nick Showering, brand manager at Somerset-based Showerings Cider, to look at how the 180-year-old fine cider brand is climbing its way to the top of an evolving market.
Bank of England chief Andrew Bailey ‘looking forward’ to serving for another four years August 4, 2024 Andrew Bailey has vowed to stay on for the duration of his eight-year term despite several calls for his resignation.
From online to in-store: How retail is adapting to consumers August 3, 2024 The dual effects of the pandemic and the cost-of-living crisis, as well as the ever-improving technology on offer, have changed the way people shop and how retail adapts to customers.
Retail footfall down for twelfth consecutive month – but spending surge on the horizon August 2, 2024 Figures for retail footfall in the UK fell for a twelfth consecutive month as shoppers opted to spend on holidays and leisure rather than consumer goods.
It’s not just taxes, rent, childcare and a decrepit NHS are driving talent out of the UK August 1, 2024 High taxes are a problem, but the list of factors driving talent away from the UK is far more extensive, writes John Oxley One of the first criticisms levelled at Labour’s intended tax rises is their potential to drive high-productivity workers away from the UK. It is a fair one. In a world where capital [...]
OpenFi, Fintech’s End Game July 29, 2024 Each month, Jasper De Maere, Head of Research at Outlier Ventures, will zoom in on trends and events happening in cryptocurrency and the broader ecosystem across public and private markets. A new trend called OpenFi (Open Finance) is gaining momentum in the financial corner of Web3. Leveraging the core DeFi infrastructure built last cycle (2019), [...]