In a face off against FinTech, traditional face-to-face banks must become more bespoke than ever March 19, 2021 There’s no doubt digital banking is in demand. Last year, $4.1bn was invested into FinTech in the UK, accounting for just under half of Europe’s FinTech investment. Since lockdown began this has continued to grow, with a 72 per cent rise in the use of FinTech apps in Europe as a result of pandemic restrictions. [...]
Why London’s commercial property sector is finally booming back May 23, 2024 After a torrid few years, sentiment in London’s commercial property market appears to be improving.
UK recession still on the cards after aggressive Bank of England interest rate hikes March 27, 2023 A recession is still on the cards in the UK despite the economy performing much better than experts predicted just a few months ago, new forecasts out today project. Higher interest rates and households responding to the cost of living crunch gripping their finances by trimming spending is tipped to push GDP 0.3 per cent [...]
Poundtoken launches as the first fully-backed GBP stablecoin regulated in the British Isles July 11, 2022 Blackfridge has launched poundtoken - the first British-regulated stablecoin fully backed 1:1 by pound sterling (GBP).
UK house prices rise by an average £36,000 in just 12-months October 19, 2022 The average cost of a home in the UK has risen by £36,000 in just 12-months, according to official figures, as homeownership falls further out of reach for many. The jump is more than the average Brits’ annual salary, and comes at a time when rising mortgage rates are acting as yet another barrier to [...]
Burberry hopes to be back in fashion thanks to China reopening May 15, 2023 Luxury retailer Burberry could prove its buyers have been sheltered from cost-of-living pressures when it unveils its full-year financial results on Thursday. The historic British brand, which has benefitted from the reopening of the Chinese economy this year, is expected to show a jump in profits and sales for the year ending in March. The [...]
Burberry: Luxury British brand’s investors hopeful of China spending resurgence May 12, 2023 Luxury retailer Burberry could prove its buyers have been sheltered from cost-of-living pressures when it unveils its full-year financial results on Thursday. The historic British brand, which has benefitted from the reopening of the Chinese economy this year, is expected to show a jump in profits and sales for the year ending in March. The [...]
Whisky giant Glenfiddich releases exclusive bottles with NFT authenticity certificates October 13, 2021 Award-winning whisky brand Glenfiddich is set to toast the current crypto craze by selling 15 bottles of a 46-year-old single malt with exclusive NFT certificates.
Average mortgage hits £235k as cost of living crunch threatens home ownership plans for many March 29, 2022 The total value of mortgages lent rocketed last month as buyers face more affordability roadblocks to home ownership. Some 70,933 mortgages were given the green light in February, compared to 73,841 in January, according to the Bank of England’s monthly money and credit figures. However, the total value lent rose (from £16.6bn to £16.7bn), meaning [...]
Schroders to splash £360m on controlling stake of renewable investment manager December 15, 2021 Schroders is reportedly looking to splash £360m on a renewable energy investment group amid the global transition to net zero. The asset manager is looking to by a controlling stake of Greencoat Capital, a 75 per cent share, which would significantly strengthen Schroders’ green offering, Sky News’ Mark Kleinman first reported. The deal, which will [...]