Bring me sunshine! Retailers hit by grim April weather as economy held back by the rain May 9, 2023 Retailers continued to be bruised by soaring inflation and poor weather conditions in April, as the sector holds out hope for summer to give a much needed boost in sales. Data by the British Retail Consortium (BRC) showed that while retail sales rose slightly over five per cent during the month, overall inflation meant that [...]
Bank of England had 28 ‘major’ compliance breaches in a year but ‘good progress’ made March 4, 2024 The public spending watchdog has found dozens of "major" compliance breaches at the Bank of England over the course of a year, despite it taking steps to address shortcomings.
Bank of England to take heart from positive surveys as markets wait on interest rate cuts June 7, 2024 Although there were no major releases, two surveys showed encouraging signs that inflationary pressures were easing, welcome news after April's inflation data came in hotter than expected.
Budding economic recovery set to support sterling in weeks ahead, analysts argue February 26, 2024 A budding economic recovery and a later start to the Bank of England's interest rate cuts will support sterling over the coming weeks.
Labour backs away from bank windfall tax in bid to win over City May 29, 2024 Reports suggest Labour is not planning to impose a windfall tax if it comes into power.
Revolut reportedly set for £1.5bn in revenue on higher European interest rates December 20, 2023 Revolut is set to see revenue of more than £1.5bn in 2023, according to an investor presentation seen by Bloomberg, as the pan-European fintech receives a boost from higher interest rates.
Hunt tells banks and energy firms to use profits to support customers and avoid a ‘fiscal intervention’ July 26, 2023 Chancellor Jeremy Hunt has urged big banking and energy firms to use their profits to help customers with the cost of living crisis, and avoid intervention from the Government. In an article calling on corporations to support the public through Britain’s ongoing economic woes, he appealed to firms to be more responsible, pitching a “social [...]
Nadhim Zahawi’s lawyer from Osborne Clarke referred to disciplinary tribunal May 13, 2024 Nadhim Zahawi's lawyer from Osborne Clarke who made headlines after threatening Dan Neidle with libel now faces a Disciplinary Tribunal
Revealed: The City of London’s top dealmakers of 2023 February 14, 2024 2023 was not a vintage year for dealmaking in the City but there was still plenty of scope for dealmakers to ply their trade.
Investors pour £22m into real estate trust Impact Healthcare July 6, 2022 Investors have poured more than £22m into a London-listed healthcare real estate investment trust (REIT), the company’s board announced today. Impact Healthcare REIT, which specialises in care home investments, has grown its market capitalisation north of £450m since listing on London’s main market in 2017. The funds from a share placing, which the board announced [...]