BT successfully fights off £1.3bn ‘overcharging’ class action December 19, 2024 Telecoms giant BT has successfully defended a £1.3bn class action over allegations it “disproportionately overcharged” its landline customers
City Minister Tulip Siddiq named in Bangladeshi corruption probe December 19, 2024 The City minister has been named in an investigation into whether her Bangladeshi family embezzled nearly £4bn from energy and major infrastructure deals. Tulip Siddiq, whose ministerial remit includes tackling corruption in financial markets, is accused of having helped broker a deal with Russia for a nuclear power power plant in Bangladesh 11 years ago [...]
Legal regulator issues warning over ‘no win, no fee’ marketing December 19, 2024 Legal regulator has issued warnings to law firms, particularly those working on high-volume claims, on the tactics used to try an attract new clients
Harland and Wolff: Deal struck to buy troubled Titanic maker saving 1,000 jobs December 19, 2024 Troubled shipbuilder Harland and Wolff, which crashed into administration owing more than £160m earlier this year, has been saved. Spanish state-owned business Navanti has struck a deal to buy the Belfast-based company in a move which will secure 1,000 jobs at Harland and Wolff’s four shipyards – one in Belfast, two in Scotland (Methil on [...]
Wingstop more the doubles sales and returns to profit amid UK expansion December 19, 2024 Wingstop has more than doubled its sales as it continued its UK expansion, created hundreds of jobs and returned to profit, it has been revealed. The restaurant chain, which is known for its buffalo wings, has reported a turnover of £84.6m for the 12 months to 31 March, 2024, new documents filed with Companies House [...]
US markets tumble as Fed signals fewer interest rate cuts in 2025 December 19, 2024 US markets plunged last night after the Federal Reserve signalled that it would take a more cautious path to interest rate cuts next year. Following the Fed’s announcement, the Dow Jones fell 2.6 per cent, the S&P 500 fell three per cent, and the Nasdaq fell 3.6 per cent. This was the biggest decline in [...]
Outsourcing giant Serco: Shares spike as business pipeline “at its best for a decade” December 19, 2024 British outsourcing giant Serco has said that its pipeline of business opportunities is at its strongest in over a decade thanks to a boost from North American defence contracts. Shares subsequently spiked more this seven per cent in early trades. The FTSE 250 firm told markets this morning that underlying operating profit was £270m in 2024, [...]
Household water bills to rise by an average £31 a year from April December 19, 2024 Household water bills in England and Wales will increase by an average £31 a year over the next five years, regulator Ofwat has announced.
Thames Water allowed 35 per cent bill hike but faces £18m fine over dividend payouts December 19, 2024 Ofwat will use new powers to fine Thames Water £18m for two dividend payments it made in the last year and a half.
FCA extends motor finance complaint deadline December 19, 2024 The Financial Conduct Authority (FCA) has extended the time that companies have to respond to motor finance complaints following a landmark high court ruling. In an announcement today, the City watchdog said firms will have until 4 December 2025 to provide a final response to customer complaints over the use of non-discretionary commission arrangements (non-DCAs). [...]