Thousands of London black cabbies hit Uber with a £250m lawsuit May 2, 2024 A group legal action targeting ride-hailing provider Uber has been filed to the High Court on behalf of thousands of London black cab drivers
UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes May 2, 2024 "This forecast is not particularly surprising given our priority for the last year has been to tackle inflation with higher interest rates," Chancellor Jeremy Hunt said.
Brewdog boss: Rail strikes have cost firm £3.5m and are ‘killing UK businesses’ July 23, 2023 The boss of Brewdog has warned that rail strikes are “killing UK businesses” as he offered up the pub chain’s Waterloo venue as a location for “beer and sandwiches” negotiations. James Watt took to LinkedIn to warn that Brewdog has lost £3.5m to date due to industrial action, as he accused the government of not [...]
HSBC to wind down New Zealand wealth and personal banking arm as pivot to Asia picks up pace June 13, 2023 HSBC will be winding down its wealth and personal banking businesses in New Zealand as it continues its withdrawal from various markets around the world. In a statement the bank said “it has become clear that we can no longer justify investing into this business given the changing operating requirements in the market and scalability [...]
Growth markets India and Thailand help Prudential keep up the momentum April 30, 2024 Prudential said these figures reflected the group's "strong momentum" despite strong comparators in the same period last year.
FTSE 100 close: JD Sports springs London flagship index to 2018 high January 11, 2023 London’s FTSE 100 index leapt to its highest level since 2018 in afternoon exchanges in the City today after a series of strong retailer earnings signalled the UK consumer is holding up well amid the cost of living crunch. The FTSE 100 index climbed 0.99 per cent to 7,770 points, while the domestically-focused mid-cap FTSE [...]
UK ransomware attacks double in past year March 28, 2022 New data has revealed that the number of ransomware attacks reported to the Information Commissioner’s Office has increased 100 per cent from 326 in 2020 to 654 in 2021.
BT will sell fridges and subscriptions in push for more customers October 18, 2023 BT is branching out from its telco business into household appliances and a subscription service in a rebranding effort to accelerate customer growth.
Banks, bonds, inflation, recession and energy: Five lessons the markets taught us this week March 17, 2023 The third week of March proved to be a rollercoaster for the world’s investors, with a rout on banks and the spectre of inflation, recession and the growing cost of living making their presence felt. These themes may indeed play on in future, so here are the five lessons we’ve learned from the markets this [...]
Lift auto-enrolment pension contribution to 12 per cent for £10bn boost, report argues April 24, 2024 Auto pension enrolment was one of the key policy wins of the coalition era and essentially made employees automatically pay into their pension pots.