Microsoft’s £2.5bn investment in UK data centres is a ‘turning point’, says Sunak November 30, 2023 Prime Minister Rishi Suank has described a major investment by Microsoft into UK data centres as a "turning point" for the nation.
Metro Bank has learned ‘the hard way’ about costly branches, analysts say November 30, 2023 Metro Bank today announced a shift in strategy as it prepares to lay off 20 per cent of staff, considers cutting opening times and tries to simplify its business model to become more cost-efficient.
Former Citi banker to lead women’s football revolution in England November 28, 2023 Former Citi investment banker Nikki Doucet has been appointed as chief executive of NewCo, a new company which will be formed of the Women’s Super League and Championship. The deal will see the women’s professional game enter a new era. Doucet spent three years as vice president, investment banking, global consumer and retail group at [...]
Barclays planning 900 layoffs in Britain to cut costs, union claims November 28, 2023 Barclays is planning to cut 900 roles in Britain by the new year, according to employee union Unite, as the bank seeks to reduce costs.
Metro Bank shareholders back rescue plan as lender reiterates branch commitment November 27, 2023 The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially.
Barclays reportedly in talks with Metro Bank to buy £3bn mortgage portfolio November 27, 2023 Barclays is reportedly in exclusive talks to buy a £3bn residential mortgage book from Metro Bank as the troubled lender's shareholders prepare to vote on a £925m refinancing package later today.
Rishi Sunak hints at further tax cuts in ‘sales pitch’ to global investors November 27, 2023 Rishi Sunak hinted at further tax cuts to come today as he used last week’s Autumn Statement to launch a “sales pitch” on global investors at a government investment summit in London.
Hydrogen electric aircraft start up nets £32m from UK Infrastructure Bank November 27, 2023 Hydrogen-electric aircraft developer Zeroavia has secured the banking of the UK infrastructure bank in its latest fundraising round.
Boost for Britain as businesses commit to invest £30bn in UK November 27, 2023 Some of the world’s biggest businesses have committed to invest a total of nearly £30bn in Britain, the government has announced ahead of a major investment summit taking place today.
This year’s Black Friday ‘busiest shopping day on record’: Nationwide November 25, 2023 This year’s Black Friday was the “busiest shopping day on record”, according to Nationwide Building Society, as shoppers shook off cost-of-living woes to make the most of festive deals.