Banks boosted by looming BoE interest rate hike June 15, 2022 Strengthening bets on the Bank of England tomorrow hiking interest rates for the fifth meeting in a row boosted the UK’s biggest-listed banks today. The capital’s premier FTSE 100 index surged 1.2 per cent to 7,273.41 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Barclays teams up with Whitehall in bid to boost UK exports June 14, 2022 Barclays has agreed to a five-year partnership with the UK’s Department of International Trade, with the multinational bank tasked with helping boost British exports. Barclays will create a “Small Business High Value Exporters Pilot programme” for British businesses and conduct a series of roundtables with the department to help provide advice on selling overseas. The new [...]
Exclusive: Protium enjoys record hydrogen funding round to power green ambitions June 10, 2022 Protium has enjoyed the largest ever funding round in the UK for a hydrogen energy company, securing over £40m of investment.
Apple goes solo for buy-now pay-later snubbing Goldman June 9, 2022 Apple has snubbed banking partners Goldman Sachs for its new buy-now pay-later offering, instead opting for its own in-house team to manage the service.
Oil markets volatile as Saudi Arabia hikes crude prices June 7, 2022 Oil prices continued to hover around the $120 milestone, after Saudi Arabia raised its July crude prices amid tightening supplies.
What impact could Monkeypox have on the FTSE 100? June 6, 2022 Defensive stocks Fortunately for the FTSE 100, oil majors BP and Shell are profiting from the rising price of Brent Crude. Likewise, the big four banks —HSBC, Barclays, Lloyds and NatWest — are seeing profit spikes with every base rate increase. With CPI inflation at 9% and rising, many more could be on the way. And [...]
Jubilee 2022: what’s changed for savers since 1952? June 1, 2022 It’s 70 years since Queen Elizabeth II took the throne. How have some of our key financial metrics – from longevity to inflation, interest rates to investment returns – moved over the decades? The seven-decade reign of Queen Elizabeth II has seen transformations in many aspects of our lives. That includes sweeping changes to the [...]
Barclays confirms slew of branch closures as banks slash high street presence May 30, 2022 Barclays has confirmed the closure of a slew of high streets banks this month as the move to shutter branches by UK lenders speeds up.
Boris Johnson fighting frantically behind the scenes to appease dozens of critical Tories as partygate refuses to go away May 30, 2022 Prime Minister Boris Johnson is reportedly working around the clock to appease critical Conservative rebels as the partygate affair threatens to reignite over new rule-breaking claims. Fresh allegations have surfaced that senior civil servant Sue Gray was told about a potential gathering in the Downing Street flat on the evening of the Prime Minister’s 56th [...]
Jubilee boom for small business amid inflation worries May 30, 2022 THE EXTENDED Bank Holiday to mark the Queen’s platinum jubilee will give Britain’s small firms a much needed revenue boost. The closely-watched Barclays SME Barometer suggests three in five small business owners are expecting to see revenues higher this year than last, helped by an anticipated spending spree over the coming week. But around three [...]