Frasers Group increases Hugo Boss stake to £840m October 24, 2022 Frasers Group revealed it had snapped up a further chunk of shares from fashion firm Hugo Boss today taking its stake in the firm to £840m.
Santander says action needed to ‘break the spell’ of scammers October 24, 2022 Banks, government and law enforcement agencies need to work together to “break the spell” of scammers, Santander has warned. In a new report today, the lender called for more to be done to clamp down on Authorised Push Payment (APP) fraud, where customers are tricked into authorising a payment to an account controlled by criminals. [...]
AJ Bell assets dip 2 per cent despite investor surge October 20, 2022 Retail investment platform AJ Bell said its customers’ assets had dipped two per cent in the past year as volatility on the markets offset a surge in investors pouring onto its platform.
Welcome to the new world of work October 20, 2022 In 1771 a Lancastrian named Richard Arkwright opened the world’s first water-powered cotton spinning mill in Derbyshire. And not just that. To run his new-fangled factory he invented the pattern for the modern working week that has survived until today. The working day at Cromford Mill began at 6am and the shift ended at 6pm. [...]
Crypto has ‘serious deficiencies in governance’, warns Bank of England official October 19, 2022 A Bank of England official warned there are “serious deficiencies in governance” in the crypto ecosystem today as she laid out a vision for the industry to win back trust from investors.
Analysis: Keeping Triple Lock still requires £550k pension for ‘comfortable’ retirement October 19, 2022 Even if the State Pension was uprated in line with September’s inflation figure of 10.1 per cent, pension savers would still need to build up a pot of around £550,000 to ensure a comfortable standard of living in retirement, according to new figures shared with City A.M. this morning. The data comes amid the increased uncertainty over whether the [...]
To triple lock or unlock: Pensioners risk losing out on hundreds of pounds per year if inflation-link is dropped October 19, 2022 This morning’s inflation figures mean that retirees could see their state pension boosted by a whopping 10.1 per cent in 2023/24, but only if Chancellor Jeremy Hunt doesn’t ditch the triple-lock. The increase would be in line with September’s Consumer Prices Index (CPI) inflation figure, which is usually used for benefits uprating Increasing the state pension by inflation rather [...]
Revolut launches Homes feature to take on Airbnb October 19, 2022 Fintech giant Revolut has unveiled a new holiday home rental feature today as it looks to broaden its reach in the travel market and snap up market share from Airbnb.
Four venture trusts bag £45m in start-up vote of confidence October 18, 2022 Four venture capital trusts have bagged £45m from investors in just 24 hours in a vote of confidence for the vehicles after ministers reversed a decision to wind them down.
‘How dare they?’: Klarna chief hits back at critics of Deliveroo deal October 18, 2022 The UK chief of buy-now pay-later firm Klarna has mounted a defence of the firm’s tie-up with Deliveroo today after claims from debt campaigners that the deal will plunge struggling Brits into debt.
