Lloyds set for uptick in annual profits as investors look for clues on motor finance probe February 17, 2024 Lloyds Banking Group is set to report an uptick in annual profits next week on the back of higher interest rates, with its cost control, impairments and exposure to an FCA motor finance probe in focus.
Recession or rebound: Where is the UK economy after blockbuster week of data? February 16, 2024 The UK is in recession, but there are also signs of a rebound. Inflation lower was than expected but wage pressures remain strong. What does it all mean?
Monthly insolvencies tick up again as firms feel the brunt of the Bank of England’s interest rate hikes February 16, 2024 According to figures from the Insolvency Service, there were 1,769 company insolvencies in January, five per cent higher than in the same period last year driven by an increase in forced closures.
Meet the corporate events company Disney and Netflix use to throw London parties February 16, 2024 Meet the corporate events company throwing £100k London parties for the likes of Netflix
Strong January retail sales raise hopes UK already ‘moving out of recession’ February 16, 2024 Retail sales rebounded much more than expected in January, following a poor Christmas period, raising hopes that the UK economy will be able to escape recession within a matter of months. Figures from the Office for National Statistics (ONS) showed that sales volumes were up 3.4 per cent in January, compared to the 1.5 per [...]
A battle is brewing in No10 over AI regulation February 16, 2024 An increasing number of MPs are getting frustrated over the government dragging its heels on regulating AI - a technology it has identified as a potential “existential threat”.
Brexit left Britain more exposed to higher inflation, warns member of Bank’s MPC February 15, 2024 Greene's comments come after a busy week of data for the UK economy.
Close Brothers faces uncertain future as FCA motor finance probe sparks crisis February 15, 2024 Close Brothers shares collapsed on Thursday after it cancelled its dividend for the current financial year and announced that 2025 payouts would be placed under review amid a City watchdog probe into motor finance - a major part of its business model.
Rachel Reeves: ‘Britain didn’t need a recession to bring down inflation’ February 15, 2024 "I don’t buy this argument that you need to have a recession to get inflation down," the shadow chancellor said at a press conference.
Help create a smokefree generation February 15, 2024 The UK is embarking on the most significant public health measure in a generation: stopping the start of new smokers – for good The UK is leading the way in creating a smokefree generation. New legislation, one of the most significant public health measures in a generation, will make it an offence to sell tobacco [...]