banking news today
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UK jobless rate drops to 50-year low of 3.7%:
UK jobless rate drops to 50-year low of 3.7%: Fewer unemployed than there are job vacancies for first time since…
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Musk warns Twitter deal is stuck without proof on bot accounts
Musk warns Twitter deal ‘cannot move forward’ without proof of number of bot accounts By Farah Khalique For The Daily…
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MARKET REPORT: Recovery in the pipeline at Victorian Plumbing
MARKET REPORT: Recovery in the pipeline at online bathroom retailer Victorian Plumbing after 85% wiped off share price in the…
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The malicious apps that spy on your phone and could cost you thousands
You can’t order at the bar, sit down and we’ll bring the drinks over,’ said the landlady of a Cornish…
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S4 Capital reveals new merger amidst accounting problems
Sir Martin Sorrell’s S4 Capital reveals tie-up with Californian tech services firm against background of accounting scandal MediaMonks is set…
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Climate voting policies: Will other asset managers follow BlackRock’s lead?
In fact, the two largest asset managers, BlackRock and Vanguard, dramatically increased their votes in favour, which Climate Action 100…
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Invesco fund to close following failed merger
In an investor letter seen by Investment Week, Invesco said it believed the fund “is no longer commercially viable due…
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Is stagflation the future? Depends on your definition
At the end of February, just after the start of the war in Ukraine, it began to look as if…
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Will rising rates stop the house price boom? TiM podcast
Will rising interest rates and the cost of living crunch stop the house price boom? This is Money podcast By…
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Baillie Gifford European Growth seeks to reassure investors following 24.7% fall
The trust’s performance was significantly worse than its benchmark, the FTSE Europe ex UK index, which dropped 5.2% in sterling…
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Rent inflation at the highest level for 14 years, says Zoopla
Tenants are under increasing financial strain as new figures show average asking rents have jumped to almost £1,000 a year.…
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Tremors through stablecoin market continue as Tether suffers $7bn sell-off
Tether, which can be hosted on the Ethereum and Bitcoin blockchains, among others, briefly lost its one-to-one US dollar peg…
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Ocean Dial’s Narain shifts towards high-growth companies
Gaurav Narain, co-head of equities at Ocean Dials Asset Management, has started buying more “high growth” companies as he believes…
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Savings rates see largest rise in a decade: These are the best deals
Four in five easy-access savers still keep their cash in accounts paying less than 0.1 per cent interest despite rates…
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MARKET REPORT: Vodafone swoop sparks telecoms sector activity
Investors were dialling into the telecoms sector after it emerged that Emirates Telecommunications Group had taken a 9.8 per cent…
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Senior politicians launch attack on Bank of England – reports
As the government has continued to come under fire for failing to tackle the cost of living crisis, Conservative politicians…
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RLAM slams Shell climate plan and pledges to abstain on vote
RLAM stated that “it cannot support the plan as it currently stands,” in part due to an overdependence on nature…
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Energy price cap may move FOUR times a year: What it means for bills
Ofgem could soon increase or decrease the energy price cap four times a year, under new plans it claims could…
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Investors lose £300bn in cryptocurrency crash, would you bet on a bounceback?
Cryptocurrency prices are plunging, with holders losing about £300billion of value in under a month. Bitcoin – the most popular…
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Think your pension is inflation-proof? Prepare for a shock
Millions of pensioners who believe their incomes are protected from inflation could be in for a rude awakening in the…
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Eight tricks to help you beat the savings drought
Keeping fluid: As the gap between best and worst rates widens, savers need to stay on their toes Savers can finally…
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Experts accuse banks of ‘scornful disdain’ on rates
Banks slammed by savings experts for treating customers with ‘scornful disdain’ following failure to pass on latest Bank of England…
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China Covid crisis hits Burberry in pocket
Burberry expected to unveil bumper annual profits, but analysts warn that fresh coronavirus wave in China may have knocked company’s…
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Talks to avert first nationwide postal strike since privatisation at crucial stage
Talks to avert first nationwide postal strike since privatisation enter crucial phase as Royal Mail prepares to unveil big jump…
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Budget airline easyJet offering cabin crew £1,000 bonus
EasyJet offering cabin crew £1,000 bonus as it fights to recruit and retain prized staff By Luke Barr, Financial Mail…
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Tesco boss Ken Murphy paid £4.7m as customers struggle
Tesco boss Ken Murphy warns inflation ‘is really at the front of customers’ minds’ as it emerges he was paid…
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Worst ever losing streak for crypto-currency bitcoin
Bitcoin bounces back but is still on course for record seventh consecutive weekly loss amid chaos in crypto-currency markets By…
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Chase Bank launches current account refer a friend scheme
Can you make £400 from Chase Bank? Challenger launches current account refer a friend scheme – alongside its market-leading 1.5%…
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Scottish Mortgage’s Slater: We place an ‘outsized degree of importance’ on company founders to drive returns
Like many Baillie Gifford portfolios, the house’s flagship trust invests in several names whose reputation is closely linked to its…
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We test out the £99 holiday subscription claiming to offer ‘trade prices’ on flights and hotels
The cost of living crisis is prompting many to cut down on luxuries such as streaming services and takeaway coffee. …
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The last manual driving test to be taken in 2043 says motor experts
Will last person to pass a manual driving test be born in the next five years? That’s the prediction as…
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Outgoing Rolls-Royce boss signs off with a double dose of good news
Outgoing Rolls-Royce boss Warren East signs off with a double dose of good news at final AGM By Farah Khalique…
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City bosses threatened with jail if they fail to stop economic crime
City bosses warned they should get jail sentences if they fail to prevent fraud and money laundering By Lucy White…
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Event Voice: Your Questions Answered by Kempen at the Sustainable Investment Funds to Watch
Can you give a brief overview of your strategy in terms of what you are trying to achieve for investors,…
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Departing Rolls-Royce boss hails recovery from Covid-19 slump
Rolls-Royce nears return to profit after ‘torrid’ recent years as departing CEO points to ‘significant progress’ since its Covid lockdown…
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From beverage manufacturers to luxury goods: How pricing power trumps inflation
However, the last few months have presented investors, and companies, with a new set of challenges stemming from the invasion…
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First Direct regular saver account came with 72 pages of paperwork
I’ve gone 95 per cent paperless with bills and financial matters. Not entirely out of choice, but because various companies…
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Harness British expertise to unleash the UK’s full growth potential
If ever there was a time for a national reboot – as Britain stares into the abyss of an era…
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No let up as inflation crisis grips the West
No let up as inflation crisis grips the West: Experts warn Bank of England may be forced to tip country…
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Homeserve boss Harpin set to scoop £300m as Canadian bidders close in
Boy scout Homeserve boss Richard Harpin set for £300m bonanza as Canadian bidders target home repair firm in £4bn deal…
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Peloton shares plunge on gloomy set of quarterly results
Peloton shares plunge on gloomy set of quarterly results after pandemic sales boom runs out of puff By Daily Mail…
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Ten Lifestyle Group posts another loss as Omicron variant slows growth
Ten Lifestyle Group posts another loss as concierge firm maintains staff expansion despite Omicron variant hitting trade Ten Lifestyle achieved…
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IA appoints abrdn CEO Stephen Bird to its board of directors
Bird will replace outgoing director, Hanneke Smits, the chief executive officer for BNY Mellon Investment Management, who sat on the…
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Shares in landscaping product manufacturer Marshalls slide as much as 11%
Shares in landscaping product manufacturer Marshalls slide as as it warns of a more uncertain trading environment Shares in Marshalls…
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Funeral firm Dignity revenues slide 22% to £73.9m
Post-Covid decline in death rates and regulatory shake-up hits funeral firm Dignity as revenues fall 22% to £73.9m It said…
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