Liontrust faces shareholder rebellion over plans to hike executive salaries February 15, 2022 London-listed asset manager Liontrust is facing a shareholder rebellion over plans to hike the salaries of its C-Suite executives as Britain faces rampant inflation and a widespread cost-of-living crisis. A significant proportion of Liontrust’s shareholders are expected to vote against the asset manager’s new remuneration policy, at a specially convened general meeting tomorrow, Sky News’ [...]
National Saving & Investments doubles rates on green bond after backlash February 15, 2022 National Security & Investments (NS&I) has doubled the interest rate offered on its green savings bond after it came under fire for offering measly returns for savers the first time round.
Australian property fintech PEXA gears up for government-backed UK launch February 15, 2022 Australian property fintech PEXA is set for a UK expansion with backing from the UK government as it looks to roll out a remortgage platform for UK mortgage lenders.
UK must ‘get used to’ soaring inflation eroding living standards February 15, 2022 Soaring inflation eroding Brits’ living standards is something the country needs “to get used to,” the City’s top economists warned yesterday. The alert was sparked by fresh jobs figures published yesterday indicating take home pay already being squeezed by the cost of living crisis is a sign of things to come. Real earnings slid 1.2 [...]
Metro Bank CFO quits as full year results loom February 15, 2022 The chief financial officer for Metro Bank has quit with the company's preliminary financial results expected as soon as next week.
Britain’s productivity has been battered by the scarcity of affordable homes in cities February 15, 2022 Londoners are feeling the squeeze. The Bank of England has forecast the biggest annual fall in living standards for at least three decades: energy costs are surging, and rents are going up by 5.5 per cent. The high cost of housing leads to a worse quality of life in familiar ways, through lower disposable incomes, [...]
Young workers cooped up in flats have budgets squeezed by home working February 14, 2022 Young renters cooped up in small flats amid working from home orders during the pandemic have had their budgets squeezed, revealed official figures released today. Almost every person in the UK living in rented housing was hit with higher energy bills, according to research by the Office for National Statistics (ONS). Younger workers just starting [...]
Bank of England to send rates to decade-high by this summer February 14, 2022 The Bank of England will raise interest rates to their highest level in over a decade by the summer, City experts are forecasting. Soaring inflation will prompt the Bank to ignore the potential hit to the economic recovery from a sharp reduction in Brits’ spending power and send rates to 1.25 per cent by August, [...]
UK inflation to scale even higher as cost of living squeeze tightens February 14, 2022 Inflation will soar even further above a near three decade high this week as the squeeze on households tightens its grip, City experts are betting. Fresh figures released by the Office for National Statistics (ONS) on Wednesday will reveal the the cost of living is running at 5.5 per cent, according to the consensus forecast [...]
Korean firm boosts UK wind plans with £300m investment in Teesside factory February 14, 2022 Korean renewables constructor SeAH Wind will invest up to £300m in a new turbine factory in North East England.