Regulator warns firms over provisions for motor finance claims April 12, 2024 It said it had "observed firms taking different approaches to account for the potential impact of previous use of DCA on their financial resources."
TRG: Profits soar as Wagamama owner defies drab outlook for casual dining market September 6, 2023 TRG, which owns a slew of casual dining chains and pubs, its most popular being Japanese inspired eatery Wagamama, reported a 10 per cent rise in total revenue during the term to £467.4m.
AO World shares soar 11 per cent as cost cutting measure help raise profit guidance April 14, 2023 Shares in AO World soared 11.33 per cent this morning as the electrical retailer revealed that it was raising its profit guidance for the fourth time since July thanks to a scheme of cost cutting measures. The Bolton-based business told investors that estimated UK revenues for the full year are expected to be £1.13bn and [...]
Adnams: Alcohol giant names first female chief in its 150-year history March 28, 2024 Beer, spirits and hospitality group Adnams has hired its first female chief executive in its more than 150-year history.
£233bn stuck in zero-interest accounts as pressure grows on banks to improve advice May 15, 2023 As banks come under fire for offering “measly” rates to savers, new figures reveal many are leaving hundreds of billions of pounds lying idle in zero-interest accounts. Some £233bn is being held in zero-interest accounts, according to Bank of England Data analysed by asset management firm Bowmore. This is up from the total held in [...]
This year’s Black Friday ‘busiest shopping day on record’: Nationwide November 25, 2023 This year’s Black Friday was the “busiest shopping day on record”, according to Nationwide Building Society, as shoppers shook off cost-of-living woes to make the most of festive deals.
Big institutions still investing heavily in cryptocurrency May 17, 2022 Massive financial institutions remain unmoved in their plans to plough billions into investing in cryptocurrency.
Inside the PTO Tour: Triathletes plotting their own path, backed by a billionaire June 26, 2023 Ibiza usually moves to the beat of its clubbing crowd but for one weekend last month it was a different Lycra-clad set working up a sweat: top triathletes, including Alistair Brownlee, Lucy Charles-Barclay and Kristian Blummenfelt. In the shadow of world-famous nightclubs like Pacha, some of the sport’s biggest names took on a 100km swim-bike-run [...]
Israel-Palestine Activism: A Turning Point for Financial Institutions? March 13, 2024 Since October 2023, campaigning on the Palestinian cause has skyrocketed. SIGWATCH data shows that the second most targeted industry, after the arms manufacturers themselves, was finance. Perhaps you’ve noticed some of the UK Barclays branches looking a bit worse for wear recently? If so, that’s most likely the handiwork of activist groups such as War [...]
Credit Suisse shares jump on rumours of Saudi Crown Prince investment December 5, 2022 Shares in beleaguered lender Credit Suisse have been given a boost today on reports that Saudi Crown Prince Mohammed Bin Salman is poised to snap up a stake of its spun out investment banking division.