Virgin Money warns of margin and cost pressures as Nationwide merger looms June 13, 2024 Virgin Money has posted a rise in profit but warned of margin pressure and limited cost savings, as it gears up for a mega-merger with Nationwide.
Banks struggle on compliance with staff Whatsapp bans as regulators dish out heavy fines June 13, 2024 Investment banks are increasingly struggling to get workers to comply with bans on using Whatsapp for business communication, a new survey suggests, after a slew of heavy regulatory penalties.
Will it work? Slashing waste June 13, 2024 It’s an election year. Politicians are giving us a barrage of policies. But we often forget to ask the most important question: will they actually work? In this column Sam Fowles take policies on their own terms and asks whether they solve the problem they’re supposed to solve. When they’re not getting milkshakes poured on [...]
FTSE 100 today: London markets set to open lower amid reduced US Fed rate cut bets June 13, 2024 Asian markets mirrored Wall Street gains, Broadcom surged on a raised revenue forecast. Eyes on US producer prices and Treasury auctions.
Fed holds interest rates for seventh consecutive meeting after ‘modest’ progress on inflation June 12, 2024 At the turn of the year investors thought the cutting cycle would be well underway but now traders do not expect a cut until September.
Shares in Lloyds, Natwest and HSBC jump as Reeves appears to rule out Labour raid on lenders June 12, 2024 Shares in the UK's high street banks were among the biggest risers in a wider market rally on Wednesday.
Starling Bank posts third annual profit ahead of expected London listing June 12, 2024 Starling Bank has posted its third full year of profitability as the digital-only lender grew its customer base and reaped the benefits of higher interest rates ahead of a planned IPO.
Number of borrowers behind on mortgages jumps to eight-year high June 11, 2024 Households are continuing to feel the strain from the Bank of England's interest rate hikes with the share of mortgages in arrears continuing to creep up.
Greene King: Profit halves at pub giant before Euros despite extra Bank Holiday June 11, 2024 The cost of living crisis and no major international football tournament being staged in 2023 led to profit being slashed in half at pub giant Greene King, it has been revealed.
August interest rate cut not a ‘slam dunk’ after ambiguous labour market data June 11, 2024 "The labour market is gradually easing," Rob Wood, chief UK economist Pantheon Macroeconomics said, but an August cut is "not a slam dunk".