Bank of England says UK’s big banks passed stress test and are ‘resilient’ to rising rates July 12, 2023 The UK’s largest lenders passed the Bank of England’s stress tests with flying colours, even as concerns grow around the health of the mortgage market. In its latest stress test, the Bank of England concluded that banks were “resilient”, enabling them to withstand persistently higher inflation and a deep global recession. “The UK banking system [...]
D-Day in France as 48m voters go to the polls: Victory for Marine Le Pen looms as Macron feels the heat from far-right favourite April 10, 2022 Up to 48 million eligible voters will be choosing one of 12 candidates today as polls have opened across France for the first round of the country’s presidential election. President Emmanuel Macron is seeking a second five-year term, with a strong challenge from the far right and seeking to counter nationwide voter apathy. Polls opened [...]
Putin suggests Ukraine linked to 133 dead in Moscow concert hall March 23, 2024 Addressing the Russian people, Putin said Sunday will be a national day of mourning
Motorists warned of disruption as fuel price protesters stage demonstrations July 21, 2022 Fuel price protests are expected to create disruption across the country tomorrow. According to an image posted on the Facebook group ‘Fuel Price Stand Against Tax,’ demonstrations are set to be held nationwide – impacting major urban areas and thousands of people embarking on their summer holidays. Avon and Somerset Police told motorists to expect [...]
Shoppers set to fork out more than last year on Black Friday buys November 23, 2022 Shoppers are set to splash more cash on Black Friday purchases this year, despite cost of living pressures. Consumers will fork out seven per cent more for the shopping occasion, which falls amid a rare winter World Cup tournament, estimates from Nationwide have revealed. The building society forecast that its members would spend more than [...]
Week ahead: Bank of England speak to dominate agenda as investors look for clues on interest rate path February 26, 2023 Investors will be parsing over a string of speeches from top Bank of England rate setters this week for clues on whether the central bank is close to ending its aggressive campaign to tame inflation. Ben Broadbent, a deputy governor at the Bank, kicks off a busy week of central banker speech at Threadneedle Street’s [...]
Forget Reform, it’s the Lib Dems the Tories need to worry about August 5, 2024 The Lib Dems took a record number of seats in the general election, ousting four Cabinet ministers.
John Lewis seals £500m deal with Abrdn to enter rental property market December 2, 2022 John Lewis has signed a £500m deal with investment giant Abrdn to enter the rental property market. The agreement announced today will see the High Street titan deliver a thousands new homes a year, with a view to having built 10,000 in the next decade. In a bid to diversify and move away from dependency [...]
Nationwide to refund customers £900,000 for overdraft text failures February 6, 2020 Nationwide will repay £900,000 to customers after it failed to correctly warn them that they would be charged for entering an unarranged overdraft. The move follows an investigation by the Competition and Markets Authority (CMA), which ruled that the building society fell foul of rules stating customers with personal current accounts must receive a text [...]
Germany backs Qatar to meet energy needs with mega LNG deal November 29, 2022 Germany is gambling on Qatari gas supplies to meet its energy needs, as it shifts from Russian pipelined gas, with a long term LNG deal.