UK fintech investment hits four-year low February 18, 2025 Fintech investment in the UK had another sluggish year with new data showing it sunk to a four-year low in 2024. KPMG’s bi-annual fintech report showed UK fintech investment fell by 27 per cent to £7.9bn last year, down from £10.1bn in 2023. Despite this, the UK managed to scoop up more funding than France, [...]
UK jumps to fifth for M&A attractiveness globally February 17, 2025 The UK has been ranked fifth for the most attractive destination for merger and acquisition (M&A) investors internationally, beating out all but Germany across Europe. The UK climbed two spaces from last year with an index score of 71 per cent, compared to the top US score of 78 per cent, according to the latest [...]
Fan pressure tells as Liverpool freeze ticket prices for next season February 17, 2025 Premier League leaders Liverpool have bowed to supporter pressure and frozen ticket prices for next season. The decision to increase prices by two per cent this term sparked fan protests and accusations of greed being aimed at the club’s US owners, Fenway Sports Group. But there will be no repeat for the 2025-26 campaign after [...]
City braces for inflation rebound February 17, 2025 City analysts expect the headline rate of inflation to rise to 2.8 per cent, up from 2.5 per cent in December.
Pound sterling rises to highest level this year as markets digest ‘mind-blowing’ tariff plans February 14, 2025 Sterling was trading at $1.26 on Friday afternoon, up 0.3 per cent on the day and its highest level so far in 2025.
What do falling interest rates mean for my finances? February 14, 2025 The Bank of England trimmed interest rates to 4.5 percent in February, the first of what could be multiple cuts this year aimed at kickstarting the UK’s weak economic growth. This raises questions about what loosening monetary policy could mean for savers’ finances. The BoE now expects GDP growth “to be notably weaker in the near [...]
Barclays beats expectations after Tesco Bank takeover February 13, 2025 Barclays surpassed analyst expectations in its annual results report on Thursday, after a strong year for its investment banking arm and day one benefits of its Tesco Bank takeover. The FTSE 100 bank reported a pretax profit of £1.7bn in the fourth quarter, ahead of the £1.62bn expected by analysts. For 2024 as a whole, the [...]
BoE’s Greene backs ‘cautious’ interest rate cuts despite ‘uncomfortable’ growth performance February 12, 2025 A rate-setter at the Bank of England backed a “cautious” approach to cutting interest rates despite the “uncomfortable” recent performance of the economy. “The macroeconomic news over recent months has been uncomfortable,” Megan Greene, an external member of the Monetary Policy Committee (MPC) said. “GDP has roughly flatlined since Spring of last year and expectations [...]
Pound sterling slumps after US inflation beats expectations February 12, 2025 Figures from the Bureau of Labor Statistics showed that US inflation came in at 3.0 per cent in January, up from 2.9 per cent and ahead of economists' expectations.
Birkenstock predicts further UK sales success after latest surge February 12, 2025 Birkenstock has forecast its UK sales will take another huge step forward during its current financial year thanks to growing demand. The footwear brand has revealed its sales have so far been “above initial expectations” in its year which will finish at the end of September. The continued rise in its UK revenue has been [...]