Fall in bank lending adds to fears that UK recession already underway October 30, 2023 The higher cost of borrowing is weighing heavily on consumer demand for new loans in a sign that the Bank of England's interest rate hikes are slowing economic activity.
‘I want Williams back at the front’: James Vowles on reviving the Formula 1 team October 19, 2023 Exclusive chat with the F1 boss on sporting balance, cost caps, sponsorship -- and making Williams good again.
Mortgage and remortgage approvals fall as higher interest rates hits property market September 29, 2023 New mortgage approvals fell to the lowest level in six months while approvals for remortgaging plummeted as rising interest rates dented the mortgage market.
Close Brothers hopes for better times ahead as it updates investors on a difficult 2023 September 25, 2023 Merchant banking group Close Brothers will be hoping to draw a line under a difficult year when it reveals its full year results on Thursday.
Boutique bank Close Brothers expands in Ireland with Bluestone Motor Finance takeover September 20, 2023 The deal, announced this morning in a regulatory announcement, is expected to complete in the fourth quarter of this year. The value of the deal was not disclosed.
Britain’s future cars could help drive home the winner of the next election September 19, 2023 As we gear up for an election, the automotive industry finds itself in a peculiar place. It is not merely a footnote in political discourse - it’s become the headline act of the next election.
Banks call for incentives to stabilise used electric vehicle market September 13, 2023 The expensive cost of buying an EV has been one the most significant barriers in holding back wider adoption, ahead of a looming 2030 ban on the sale of new petrol and diesel vehicles.
Car production surges by a third on EV demand as sixth month of growth signals recovery August 31, 2023 Car production in the UK surged in July, rising by nearly a third to mark its sixth consecutive month of growth and driven by a flood of electric vehicles (EV) entering the market. The latest figures from the Society of Motor Manufacturers and Traders (SMMT) showed 76,451 vehicles rolled off factory lines in the UK, [...]
New borrowing slows as Bank of England’s rate hikes take effect August 30, 2023 Consumer borrowing increased at a slower rate than expected last month as the Bank of England’s interest rate hikes hit demand for new loans. Bank of England figures out this morning showed that the monthly increase in consumer credit was £1.2bn, £400m less than the £1.6bn increase seen in June. Although borrowing on credit cards [...]
No Degree? The Good News Is Skills-Based Hiring Is On The Rise August 17, 2023 While you might think education or experience are what hiring managers focus on when recruiting new candidates, skills and ability are more important. That’s according to a recent global study which found that 76% of employers are now using skills-based hiring to pinpoint talent. The reason for this is manifold: 91.2% of employers saw an [...]