Metro Bank to cut 20 per cent of staff, review opening hours after £925m rescue November 30, 2023 Metro Bank said today its turnaround plan would require a great deal more cost surgery than previously anticipated.
‘Realist’ Bailey says Bank of England is ‘getting sleeves rolled up’ to tackle inflation November 29, 2023 In an interview with the Daily Staffordshire, the Bank's governor said "we are not in a place now where we can discuss cutting interest rates."
Mortgage approvals are up. Does this mean the housing market is finally recovering? November 29, 2023 The number of mortgage approvals ticked up in October, new data has revealed. Is this a sign the housing market is recovering?
Household borrowing dips as higher rates ‘percolate’ through UK economy November 29, 2023 Consumer borrowing fell in October in the latest indication that higher interest rates are weighing down on demand in the economy.
England cricket chief says sport finally waking up to investment opportunities November 28, 2023 England cricket chief Richard Gould insists the domestic game is realising the huge “investment opportunity” that awaits the sport as private equity rumours circle The Hundred. Recent talks surrounding The Hundred, English cricket’s unique competition, have centred on expanding it from eight teams to 10 and welcome private investment from the likes of India and [...]
Hawkish Bank officials warn hot labour market means ‘higher rates for longer’ November 28, 2023 Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.
How to fix the Bank of England: Economists have their say November 28, 2023 A stinging report has left the Bank of England in the spotlight - again. We asked the best and brightest how to turn the Old Lady around.
Metro Bank shareholders back rescue plan as lender reiterates branch commitment November 27, 2023 The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially.
Andrew Bailey concerned by UK’s lower ‘potential growth rates’ due to supply constraints November 27, 2023 Andrew Bailey, governor of the Bank of England, said the UK's worst performance on the supply side in recent years "concerns me a lot" as he warned that rates would not be cut any time soon.
Moving markets: What’s shaping the FTSE 100 today November 27, 2023 The FTSE 100 enjoyed a positive finish to the week - here's what's moving markets this Monday morning as trading begins