DCMS issue insolvency threat to rugby clubs over Covid-19 loans February 10, 2025 Rugby clubs have been warned after the Department of Culture, Media and Sport (DCMS) said it “wouldn’t hesitate” to use “all financial levers” available to recover loan payments owed by sports organisations from the pandemic. Those powers could see the government department aid in forcing insolvency on sports clubs to ensure the taxpayer recoups the [...]
GDP figures to pile further pressure on Reeves as recession risks mount February 10, 2025 New figures set to be released on Thursday are expected to show that the UK economy shrunk 0.1 per cent in the three months to December.
Bank shareholders eye returns as Barclays and Natwest report February 9, 2025 Shareholders in two of the UK’s biggest banks will be hoping for further returns next week as they shed light on recent trading amid an uncertain economic backdrop. Barclays and NatWest will lead a raft of annual results updates by UK banks, after a recent positive period for the sector. Shares in both firms have [...]
Week in Business: Growth hammer blow means Reeves must change course February 7, 2025 If the Chancellor was still on a high from last week’s big growth-focused speech, the Bank of England has just pulled her back down to earth and, for good measure, poured a bucket of cold water over her. This is a time for hard truths and none harder than the hammer-blow fact that the Bank [...]
Cost-cutting pays dividends at TSB as bank reports record year February 7, 2025 TSB's pretax profit increased to £290.4m, 22 per cent higher than the year before and a record since the bank returned to the high street in 2013.
What the Bank of England interest rate cut means for your money February 6, 2025 Consumers need “careful financial planning in the months ahead” after the Bank of England cut interest rates on Thursday, wealth manager Quilter has warned. Financial planner at Quilter Holly Tomlinson said the 25 basis point cut will be “good news” for borrowers, whilst savers will be stung by lower returns on deposits. Tomlinson said: “Banks [...]
FTSE 100 surges after Bank of England cuts interest rate February 6, 2025 The FTSE 100 and FTSE 250 surged higher today after the Bank of England moved to cut interest rates to 4.5 per cent in a bid to breathe life into Britain’s ailing economy. All of the Bank’s nine-strong monetary policy committee voted in favour of a reduction in rates, with two members of the group [...]
Bank of England cuts interest rates despite looming inflation surge February 6, 2025 The Bank of England cut interest rates by 25 basis points on Thursday, even though rate-setters expect to see a significant rise in inflation over the coming year. Seven members of the Bank’s Monetary Policy Committee (MPC) backed the decision, while two – Swati Dhingra and Catherine Mann – voted for a larger 50 basis [...]
Mark Kleinman: NatWest staff set for Valentine’s Day bonus February 6, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles a love-in at NatWest, a Budget blow to private healthcare and how cricket went all out NatWest staff set for Valentine’s Day bonus The finishing line is in sight. NatWest’s journey through [...]
Sunrisers Hyderabad owners buy Northern Superchargers outright February 5, 2025 Owners of Sunrisers Hyderabad Indian Premier League (IPL) team have purchased 100 per cent of Northern Superchargers in the Hundred. It is the latest sale in a series of eight auctions in which the England and Wales Cricket Board are flogging off 49 per cent of each team. The deal between Indian media conglomerate Sun [...]