Losses widen at Pragmatic Semiconductor as chip maker ramps up investment May 22, 2024 Losses widened at Pragmatic Semiconductor, the company set to become the UK’s largest chip manufacturer by volume, during 2023 as it ramped up its investment plans.
Arbuthnot: Historic bank posts steady lending growth this year after bumper 2023 May 22, 2024 Arbuthnot Banking Group has reported steady loan and deposit growth in 2024 as it continues to benefit from higher interest rates.
Millions or billions? Citi fined £62m after trader gets mixed up May 22, 2024 The UK's banking and financial regulators have slapped Wall Street titan Citigroup with a £61.6m fine for trading systems and controls failures.
Brits lost more than £1bn to fraudsters last year as purchase scams hit record high May 22, 2024 Brits lost more than £1bn to fraudsters last year, new figures show, as purchase scams surge to a new record and social media firms face tough questions over the high levels of fraud originating on their platforms.
The sum of all fears: number-phobia is holding Britain back May 22, 2024 One in three people say numbers make them feel anxious. That’s damaging their financial well-being and the nation’s prospects for economic growth. So this National Numeracy Day, let’s celebrate numbers, says Bina Mehta For far too many people, the mere prospect of ‘doing maths’ evokes a sense of absolute dread. And while some might be [...]
FTSE 100 today: London markets set to open higher if UK inflation falls in line with expectations May 22, 2024 Asian indices mixed despite Wall Street's record highs; RBNZ kept rates steady. Investors await UK CPI, Fed minutes, and Nvidia earnings.
FCA boss threatens private equity with regulatory clampdown May 21, 2024 The boss of the Financial Conduct Authority has told private equity firms to hand over more information or face a regulatory clampdown today in the latest sign that watchdogs are tightening their scrutiny of the sector’s threat to financial stability.
England Euro 2024 fixtures in full as Southgate names provisional squad May 21, 2024 England manager Gareth Southgate today named his 33-man provisional squad ahead of this summer’s Euro 2024 tournament in Germany. Key players have been included and excluded from the team who will face Bosnia and Herzegovina and Iceland in a pair of friendlies before the Three Lions head to the continent. So with the major announcement [...]
The rise and fall of 20th Century monetarism, according to one of Margaret Thatcher’s advisors May 21, 2024 "There's not much in economics that is strictly scientific. Milton Friedman said this (monetarism) was a science and Margaret Thatcher sort of bought into that idea," Tim Lankester told City A.M.
IMF upgrades growth forecasts for UK economy but warns of ‘tough choices’ ahead May 21, 2024 "With growth recovering faster than expected, the UK economy is approaching a soft landing, following a mild technical recession in 2023," the IMF said.