Coca-Cola fizzes into life with Premier League deal May 21, 2025 Coca-Cola returns as the Premier League’s official soft drink partner after signing a three-year partnership deal set to kick off for the 2025-26 season, as previously reported by City AM. It comes three years after the soft drinks giant left the English top flight. Coca-Cola had initially partnered with the Premier League for the 2018-19 [...]
Barclays agrees O2 Arena and Co-op Live deals in major coup May 21, 2025 Banking giant Barclays this morning announced an expansion to their sponsorship portfolio, agreeing deals with the O2 Arena and Co-op Live. The duo of multi-year partnerships will see the firm become the founding partner of Manchester-based Co-op Live and the principal partner of Greenwich’s O2 Arena. An agreement with the 20,000-capacity O2 Arena – which [...]
UBS creates AI tool to monitor interest rate cuts May 21, 2025 UBS has created an AI model that takes a view on central bank’s hawks and doves when interest rates are set in a bid to cut through the noise of hard-to-read press conferences. In a new policy paper spanning 38 pages, the Swiss bank revealed that its new tool is adept at “measuring the tone [...]
MPs grill Barclays on outages as HSBC raises cyber attack concerns May 20, 2025 Bank chiefs have said they are ramping up spend on cyber defences after a spate of attacks have blighted the retail sector. HSBC’s UK boss Ian Stuart told the Treasury Committee the bank’s work on cyber protection and IT infrastructure was the “biggest expense in the business”. “Cyber security is at the top of the [...]
Interest rate cuts need to slow down to curb inflation, says Huw Pill May 20, 2025 Interest rate cuts are fuelling inflation and need to slow down, the Bank of England’s chief economist Huw Pill has warned ahead of the release of fresh data set to show a jump in price growth in April. The Bank‘s Monetary Policy Committee (MPC) voted by a slim majority to cut interest rates to 4.25 [...]
Lloyds Bank boss: No evidence of harm in motor finance scandal May 20, 2025 Lloyds Banking Group’s chief executive faced a grilling from the Treasury Select Committee on Tuesday over the lender’s historical exposure to the motor finance market. Charlie Nunn, the bank’s boss, said there was “no evidence of harm” from the firm’s operations in the car financing market. The scandal in the sector headed to the Supreme [...]
One in four Brits cling to bank branches as closures soar May 20, 2025 Brits remain keen for in-person banking even as high-street sites shutter, a fresh report from the Financial Conduct Authority has revealed. One in four current account users still opted to use branch services in the year to May 2024 despite their waning availability. The figure marks a steep drop from 63 per cent in 2017, [...]
Natwest and Lloyds to cash in as Reeves hints at ring-fencing reform May 19, 2025 Rachel Reeves has told top bank bosses she is “open-minded” to ditch the ring-fencing regime imposed on major banks. The Chancellor was lobbied by the chiefs of HSBC, Lloyds, Natwest and Santander to scrap the 15-year-old legislation last month. Lenders slammed the system – which requires firms to keep their retail bank operations separate from [...]
UK house prices continue to rise following stamp duty deadline May 19, 2025 Demand for houses has dipped following the end of first-time buyer relief on stamp duty, despite a cut in interest rates. House prices grew by 0.6 per cent in April, according to Rightmove, the lowest at this time of year since 2016. The number of new properties coming onto the market for sale is 14 [...]
Shareholders eye more details on M&S cyber attack impact May 18, 2025 Investors will be hoping that Marks & Spencer can shed light next week on the impact of a damaging cyber attack which has halted all online orders at the retail giant. The company will unveil its financial performance for the past year in an update to the stock market on Wednesday, May 21. However, attention [...]