Santander, Deutsche and UBS: European banks’ earnings set to be challenged by interest rate peak January 29, 2024 Investors will be looking at how some of Europe's biggest banks grapple with a likely peak in interest rates and an uncertain economic picture when they report full-year results this week.
London house prices: Best time to buy since 2016, experts say, but it won’t last January 29, 2024 House prices in London are more affordable but the capital has been warned not to “get carried away” amid a frenzy of mortgage rates cuts.
Disposable vapes to be banned as government cracks down on e-cigarettes January 29, 2024 Disposable vapes are set to be banned in the UK amid a wider government crackdown on e-cigarettes.
Amanda Staveley mounts fresh legal action against Barclays over 2008 Qatari rescue January 28, 2024 Dealmaker and co-owner of Newcastle United Amanda Staveley has mounted new legal case against Barclays over a rescue deal the bank made with Qatar during the financial crisis.
Culture Secretary makes new intervention in Abu Dhabi-backed Telegraph takeover January 27, 2024 Lucy Frazer has issued a new public interest intervention notice (PIIN) and extended the deadline for Ofcom and the Competition and Markets Authority (CMA) to hand over the findings of their probes into the acquisition.
Mortgage rates war: As sub-four deals appear on the market, how low will they go? January 27, 2024 Britain's mortgage price war has shown signs of slowing as macroeconomic uncertainty casts doubt on the outlook for interest rate cuts and a wider rebound.
Lloyds to cut 1,600 jobs in transition from branches to online banking January 25, 2024 Lloyds Bank is to cut some 1,600 jobs across its branch network, a company spokesperson has told City A.M., as part of its shift towards digital services. The move from Britain’s largest domestic bank is the latest in a series of layoffs within the sector amid margin pressure from peaking interest rates and fierce competition [...]
Auto finance industry could face £16bn in compensation payouts from FCA probe January 25, 2024 UK auto lenders could be hit by up to £16bn in compensation payments after the City watchdog confirmed its probe in historic commission arrangements would look at cases going back to 2007.
‘Captain of industry? No I just answer the phones’: How the UK lost its superstar CEOs January 24, 2024 While the US churns out superstar entrepreneurs to events like Davos, the best the UK can muster up is Jeremy Hunt and Sting, laments Simon Neville.
Why Whatsapp fines and data fears are reviving the ‘work phone’ January 23, 2024 Regulators have been clamping down on Whatsapp use in financial services - now the work phone may be making a combeack.