London businesses sweat over UK recession risk as experts warn on cost of living pressures February 28, 2023 Uncertainty over whether the UK economy will tip into recession this year has led London businesses to sweat over their finances this year, a closely watched survey out today reveals. Optimism among the capital’s companies slid 19 points in February to 18 per cent, arresting a steady upward rise in confidence, according to Lloyds Bank’s [...]
Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
Nearly every sector of UK economy powers away from feared recession March 22, 2023 Nearly every sector of the UK economy is powering away from a recession that was much-tipped at the turn of the year, a new survey out today shows. Some 11 of the 14 sectors monitored by Lloyds Bank are producing more than they did a month ago, the highest number in nearly a year. The [...]
Where are Lloyds and Halifax closing 40 branches in 2023 and what does the high street exodus mean for you? January 20, 2023 Lloyds Banking Group said it will close a further 40 branches this year, as the exodus of banking branches from Britain’s high streets continues. Lloyds will close the doors at 22 branches while there will be 18 closures at Halifax. The branches will be closed between April and June this year. The bank noted that [...]
Clearbank appoints former SVB Europe risk head as UK chief executive February 29, 2024 Clearbank has named Emma Hagan, formerly Silicon Valley Bank Europe's chief risk officer, as its new UK chief executive.
HSBC considers naming first female CFO in bank’s 159-year history September 24, 2024 HSBC is reportedly considering naming its first female chief financial officer in its 159-year history, with Pam Kaur said to be a favourite for one of the top jobs at Europe's biggest bank.
Motor finance probe accelerates as FCA chief warns it’s ‘improbable we’ll find nothing’ March 14, 2024 The Financial Conduct Authority said it is looking to accelerate its probe into the motor finance market today as chief Nikhil Rathi warned that it is “improbable we will find nothing to report”.
Crisis-hit CBI strikes emergency funding deal with banks September 24, 2023 The CBI has managed to secure emergency funding after the race to raise cash forced the scandal-hit lobby group to cancel its annual general meeting last week.
The Telegraph streamlines ownership structure as sale nears a close September 30, 2024 The Telegraph’s ownership structure has been streamlined as bidders for the prestigious London-based publication prepare for a final decision within the next two weeks. In a memo to staff on Monday, Telegraph Media Group boss Anna Jones also confirmed the sale process is advancing, with multiple second-round bids received, Sky News reported. RedBird IMI, the [...]
Citadel billionaire joins Sir Paul Marshall for Telegraph bid September 26, 2023 Ken Griffin, billionaire founder of Citadel hedge fund, is reportedly joining Sir Paul Marshall to prepare a bid for the Telegraph Group.