Virgin Atlantic buys seven new planes from ‘main dance partner’ Airbus as it targets return to profit July 23, 2024 Virgin Atlantic has ordered seven new plans as it looks to complete its multibillion-dollar fleet transformation and return to the black.
BBC to cut hundreds more jobs over next two years July 23, 2024 The BBC has announced plans to make a net reduction of 500 full-time roles over the next two years as it continues its move outside of London.
Science Group hikes share buyback programme despite dip in revenue July 23, 2024 Record profit first half profit at Science Group driven by a well choreographed turnaround at one of its major brands helped the consultancy and systems specialist to increase its share buyback programme.
Merge council pension schemes to unlock £40bn investment bonanza, Reeves told July 23, 2024 Forcing the UK’s sprawling local government pension schemes (LGPS) to merge into a single “sovereign wealth fund” could unlock £40bn worth of investment for British infrastructure projects, a top pension manager has said.
Financial Reporting Council unveils major revisions to UK stewardship code July 22, 2024 The Financial Reporting Council revealed significant updates to the UK Stewardship Code application process, targeting five priority areas designed to drive better outcomes
FTSE 100 funds bled £2bn in June, but who is losing out? July 22, 2024 UK large cap funds, which invest in FTSE 100 companies, saw investors pull over £2bn from them during June, as losses began to concentrate in a select few asset managers.
Open banking leads the way in reducing Bacs risk July 22, 2024 By Liz Carroll, Senior Product Manager, Financial Marketplaces at Finastra The Bacs scheme is experiencing ongoing growth. More than 1.7 billion Bacs payments were made during Q4 2023 with the corresponding value amounting to £1,418 billion. Direct Debits accounted for 71% of the volume and 26% of the value. Direct Debit gives payers a hands-off [...]
Banking on cross-border payments: Q&A with Radha Suvarna, CPO, Payments July 22, 2024 Q1. What is driving growth in cross-border payments? Cross-border payments are at the heart of the global economy, enabling businesses to serve customers wherever they are based in the world. Such transactions are estimated by the Bank of England to reach a value of over $250trn by 2027. Growth in high volume, low value payments [...]
Moneysupermarket profit surges as insurance boom pays off July 22, 2024 Moneysupermarket's parent company saw operating profit surge eight per cent to £73m over the last six months, as the insurance boom pays off for the price comparison website.
The Thames is a gateway to growth July 22, 2024 From water bailiffs to maritime finance, the river connects London’s past to its future, says Michael Mainelli What have the Romans ever done for us? Well, among other things, we have the Romans to thank for the location of our country’s capital on the banks of the River Thames – once described by Sir Winston [...]