Now private investigators involved in never-ending sale of Daily Telegraph: reports June 23, 2024 Although the Barclays technically still own the newspaper group, it is controlled by a group of independent directors.
Progress Together Hub June 21, 2024 Shaping Our Future Progress Together is a not-for-profit membership organisation working to improve socio-economic diversity at senior levels in UK financial services. People from working-class families are not being given opportunities for promotion within financial services. Progress Together’s 2023 report, ‘Shaping our Economy’, revealed that socio-economic background has a severe impact on career progression in [...]
Election 2024: Firms have ‘nothing to worry about’ on workers’ rights, Reeves says June 21, 2024 Rachel Reeves has told businesses they have “nothing to worry about” from Labour’s workers' rights reforms at The Times CEO Summit.
Sainsbury’s Bank sale marks end of an era for supermarkets June 20, 2024 Sainsbury's has agreed to sell most of its banking arm to Natwest, in a deal that will see the supermarket pay the lender £125m.
Sainsbury’s to pay Natwest £125m to take bank division off its hands June 20, 2024 Natwest has agreed to acquire Sainsbury's core retail banking arm - with the supermarket giant paying the lender £125m to take it off its hands.
Telegraph warns of ‘potential irregularities’ in accounts as it reports £245m loss June 19, 2024 The owner of the Daily Telegraph has warned of "potential irregularities" in its accounts following a loan extraction of £278m by the Barclay family, which it says may never be recovered.
JPMorgan follows Goldman Sachs in scrapping EU bonus cap for London staff June 19, 2024 Wall Street giant JPMorgan Chase has become the latest bank to scrap an EU-imposed cap on its UK staff's bonuses, after rival Goldman Sachs made the same move last month.
Mike Ashley’s Frasers Group begins £80m share buyback scheme June 18, 2024 Mike Ashley's Frasers Group, which owns the likes of House of Fraser and Sports Direct, has launched a new share buyback programme of up to £80m.
National Wealth Fund will help create 650,000 jobs over five years, Reeves says June 17, 2024 Earlier this year the Shadow Chancellor announced the creation of a taskforce of experts to provide advice on crowding in private sector investment.
Bank of England to hold rates even as inflation looks set to fall to two per cent June 16, 2024 The rate-setting Monetary Policy Committee (MPC) left the door open for a June cut at its last meeting in May, but since then a number of data releases have pointed to stubborn inflationary pressures.