Standard Life boss on why 14m pension savers could be sleepwalking into disaster December 7, 2023 Charlie Conchie interviews the biggest movers and shakers in tech, fintech and financial services. This week he talks about the importance of pensions and language with Standard Life boss, Andy Curran. When Andy Curran moved from Glasgow to Reading in 1989 for his first job in the pensions industry, he came up against a cultural [...]
FTSE 100 close: Barclays, NatWest and Lloyds all surge after Bank of England gives clean bill of health to lenders July 12, 2023 London’s FTSE 100 was yanked higher today by Britain’s biggest banks surging after being given a clean bill of health by the Bank of England this morning. The capital’s premier index notched one of its best days in weeks, surging 1.83 per cent to 7,416.10 points, while the domestically-focused mid-cap FTSE 250 index, which is [...]
Mortgage chaos set to hit banks’ bottom line as demand dries up June 18, 2023 Chaos in the mortgage market is likely to lead to big changes in lending as banks seek to find ways to capitalise on rising interest rates, analysts suggest. Over the last few weeks, the mortgage market has been in turmoil after stubbornly high inflation raised the prospect of further rate hikes. “Mounting base interest rates, [...]
Folding bike maker Brompton gears up international sales as profit passes milestone May 17, 2024 A surge in international sales helped Brompton, the folded bikes company popular with London commuters, report a jump in its turnover and profit.
Falling number of London taxi drivers leads to LEVC losing more than £100m August 21, 2024 LEVC is attempting to boost its net worth by £100m to combat the falling number of taxi drivers in central London and the expected further decline in its sales this year. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, is in the process of increasing the value of everything a [...]
UK construction output growth surges to two decade high July 6, 2021 UK construction output growth reached its highest level for over two decades, according to a closely watched business survey released today. The latest IHS Markit/CIPS UK construction PMI for June was 66.3, up from 64.2 in May, the strongest rate of output growth for exactly 24 years. Sharp rises in business activity across the three [...]
Rate pain takes its toll as home sales tumbled almost 30 per cent in May June 30, 2023 Home sales tumbled by 27 per cent in May compared with the same month a year earlier, according to HM Revenue and Customs (HMRC) figures. Across the UK, 80,020 transactions were recorded in May 2023, which was also 3 per cent lower than in April 2023. HMRC’s report said the big fall compared with May [...]
Venture capital firms rush to sign up as pension funds prepare £75bn bonanza November 21, 2023 Another wave of the UK’s venture capital and growth investors have thrown their weight behind efforts to get pension money flowing into start-ups today by signing the government’s Venture Capital Investment Compact.
London’s FTSE 100 boosted by Truss trampled stocks regaining ground after Sunak victory October 24, 2022 London’s FTSE 100 today was lifted by stocks that have suffered during the last month’s financial market turmoil regaining losses. The capital’s premier index closed 0.64 per cent higher at 7,013.99 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, rose 0.76 per cent to [...]
Bank of England interest rate rises yet to pass fully through economy as borrowing ticks up July 31, 2023 The effects of the Bank of England’s aggressive interest rate rises have yet to fully feed through the UK economy as Brits continue to borrow and look to get on the property ladder, official data out today shows. A clutch of numbers released by the Bank of England today revealed consumers are not yet being [...]