Barclays to snap up Tesco’s banking arm for £600m as retailer looks to unlock value for customers and shareholders February 9, 2024 Barclays has announced that it has agreed with Tesco to acquire the supermarket's retail banking business.
Profit at Societe Generale slumps 60 per cent as boss calls 2023 ‘year of transition’ February 8, 2024 Revenue from retail banking continues to be impacted by "short-term hedges" that were taken out before interest rates started rising.
Revolution Beauty targets £1bn sales, leaving string of scandals behind February 8, 2024 Lauren Brindley, Revolution Beauty's newly appointed chief and former Boots executive, is set to inform investors about its business strategy at a capital markets event taking place today.
BlackRock holds top spot for tenth time in ‘another bruising year’ for UK fund industry February 7, 2024 BlackRock came in first place for gross retail sales throughout the year, followed by Legal & General, Fidelity and HSBC AM.
Cut interest rates or risk ‘more profound’ impact on UK economy, Bank MPC member warns February 6, 2024 Swati Dhingra, the only member of the MPC to back a rate cut last week, warned that the Bank of England was "underplaying the downside risks".
Treasury could launch Natwest retail sell-off as soon as June, UKGI confirms February 6, 2024 The Treasury could begin selling its shares in Natwest as soon as June, the body for government investments has confirmed.
Pieminister serves up just £1,000 profit after absorbing costs to keep menu prices down February 6, 2024 Pieminister made a pre-tax profit of just £1,000 during its latest financial year after absorbing rising costs in a bid to keep menu prices down as much as possible.
Brits stayed at home to watch The Traitors during Dry January in blow for pubs February 6, 2024 Restaurants were hit harder with spending declining 11.6 per cent widening from 8.8 per cent on a month on month basis.
FTSE 100 today: London markets brace for caution as traders scale back rate cut bets February 6, 2024 Asian markets mimic Wall Street's dip, oil prices hold steady. UK retail sales slow in January, RBA maintains interest rate at 4.35%; focus shifts to UK Construction PMI.
Electric vehicle sales tumbled in January as private buyers opted out February 5, 2024 New electric vehicle (EV) registrations by private buyers fell by a quarter in January, as high costs continue to perturb customers.