Former Bank of England governor Lord Mervyn King named as next MCC president May 1, 2024 The former governor of the Bank of England, Lord Mervyn King, has been unveiled as the next president of the Marylebone Cricket Club (MCC), home to Lord’s. King, who led Threadneedle street between July 2003 to 2013, called the appointment an ” extraordinary honour”, and will take over from current head, former professional player Mark [...]
Takeover bids, millionaire CEOs and angry members: Building societies are looking a lot like the big banks May 1, 2024 Runaway profits, big-ticket acquisitions and bumper executive pay rises, Britain's building societies are starting to look a lot like banks.
UK manufacturing slips back into contraction amid Red Sea disruption fears May 1, 2024 The survey confirms that the manufacturing sector slipped back into contraction after March's slight uptick. Prior to March manufacturing had been in contraction since July 2022.
UK house prices drop due to ‘affordability pressures’ and soaring mortgage costs May 1, 2024 Nationwide's latest House Price Index showed that while the cost of property fell month-on-month, the annual rate of change slowed too.
Exclusive: Canary Wharf Group chairman among business voices backing Sadiq Khan May 1, 2024 Canary Wharf Group chairman Sir George Iacobescu is among dozens of business voices backing Sadiq Khan ahead of Thursday’s mayoral election.
The Notebook: What a house fire can teach the FCA about consumer duty breaches May 1, 2024 Lucy McNulty takes the Notebook pen to discuss the consumer duty, John Lewis' new interview process and a podcast recommendation.
FA blames Qatar World Cup for falling revenue and operating profits April 30, 2024 The FA saw revenue drop from £518.8m to £481.8m and operating profit fall from £138.6m to £39.4m.
Bank of England’s bond purchases could cost taxpayers £85bn April 30, 2024 Following the banking collapse of 2008, the Bank started hoovering up government bonds on the secondary market. The hope was this would lower borrowing costs and stimulate economic activity.
Lloyds, HSBC, Barclays and Natwest results show consumer strength amid higher rates April 30, 2024 Barclays, Natwest and Lloyds reported first quarter results last week while HSBC updated investors this morning.
Impact of Bank of England interest rate hikes wanes as mortgage approvals rise April 30, 2024 Bank of England figures showed that net mortgage approvals climbed again to 61,300 in March, slightly above the 60,500 seen in February and roughly in line with economists' expectations.