FCA could spend £20m on car loan probe after shock court ruling November 7, 2024 The Financial Conduct Authority (FCA) could splash £20m on the first stage of its review into car loan commissions, City AM can reveal, reflecting the scale of a scandal that may see lenders forced to pay billions of pounds in compensation.
Schroders shares plummet after investors pull £2.3bn November 5, 2024 Schroders, one of the largest asset managers in the UK, has reported a jump in outflows over the last quarter, sending its stock price plummeting more than 14 per cent this morning.
Don’t be fooled – Britain’s entrepreneurs are here to stay November 2, 2024 The run-up to this week’s highly-anticipated Budget was filled to the brim with an overwhelming amount of uncertainty. But what's really next for Britain's entrepreneurs?
Barclays completes £600m Tesco Bank takeover November 1, 2024 Barclays has completed its £600m takeover of Tesco’s banking arm after high court approval for the buyout came on 17 October. As part of a ten-year partnership between the two firms, Barclays will begin operating and managing Tesco Bank. Tesco will keep all of its existing insurance and money services activities, including ATMs, travel money [...]
Sainsbury’s sells Argos credit cards for £720m in financial services retreat October 31, 2024 Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.
The Notebook: Say it however you like, a National Insurance hike is a tax on jobs October 30, 2024 Job vacancies are already in decline. Raising National Insurance contributions are no way to help the economy, writes Reed CEO James Reed.
Financial exclusion is a barrier to sustainable growth October 28, 2024 Britain has a two-track financial system, with world-beating services for some and a poverty premium for others, says Charles Randell With a week to go until the Budget, what measures does the Financial Inclusion Commission – a cross-party group of financial experts from business, politics and the charity sector – advise the Chancellor to take [...]
I’ve had an incredible year as Lord Mayor – here’s to the next 695 October 28, 2024 Next week the 696th Lord Mayor of London takes office followed by the Lord Mayor’s Show. As I reflect on the past year in this, my last mayoral column, I hear the American philosopher, William James: “It takes an endless amount of history to make even a little tradition”. I can tell you it takes [...]
This Budget looks set to be more car park than roadmap October 23, 2024 You have probably read at least two dozen columns speculating on where those tax rises of doom are going to land in next week’s budget, so I’m not sure there is much more to say on the big topics of contention. We’ll find out soon enough whether employers’ National insurance (NI) really will go up, [...]
Clearscore: Credit score checker returns to profit October 14, 2024 Credit score checker Clearscore returned to the black despite its turnover taking a hit during its latest financial year, it has been revealed. The London-headquartered fintech business has reported a pre-tax profit of £4.8m for 2023, according to newly-filed accounts with Companies House. The total comes after Clearscore posted a pre-tax loss of £9.9m in [...]