Sales slow at J D Wetherspoon as costs rocket and punters dip May 4, 2022 Sales at J D Wetherspoon dipped four per cent in the third quarter as the pub group struggles to keep pace with pre-pandemic levels.
Government must tackle £35bn corporate debt crisis, warn City bosses July 16, 2020 The government must take urgent action to prevent a wave of defaults on £35bn of corporate debt taken on during coronavirus wreaking havoc in the economy, a new report backed by some of the City’s biggest names has said. Policymakers should create a “UK Recovery Corporation” to turn risky debts into more manageable forms like [...]
FTSE 100 jumps as investors look past dire results to economies reopening April 28, 2020 The FTSE 100 closed at its highest in more than six weeks today as investor sentiment improved on hopes that European economies will soon start to reopen. The blue-chip FTSE 100 index rose 1.9 per cent today to finish at 5,959 points, its highest point since early to mid-March. Traders have been buoyed by the [...]
Inflation fears drive FTSE downwards at the open July 14, 2021 Higher-than-expected inflation numbers on both sides of the Atlantic saw the FTSE 100 drop sharply at the open this morning. The flagship index was down 0.59 per cent after half an hour of trading. Official figures released this morning revealed UK inflation hit 2.5 per cent in June, with analysts expecting that to increase. US [...]
City of London Police and Lloyds Banking Group join forces to fight economic crime August 19, 2018 NULL
High risk clients: Furloughed workers and self-employed with Covid grants refused mortgages July 15, 2021 Furloughed workers and self-employed people who have received government grants during the pandemic have been refused mortgages by some of the UK’s major banks. This comes as some brokers argued that banks see people who have received Covid-related grants as high risk. Two of the UK’s biggest high street banks, NatWest and the Royal Bank [...]
Starling Bank secures £50m investment from Goldman Sachs April 19, 2021 Digital lender Starling Bank has extended its latest funding round with a £50m investment from Goldman Sachs. Last month it announced a £272m Series D funding round led by Fidelity Management & Research which valued it in excess of £1.1bn pre-money. Starling Bank today said Goldman Sachs investment marked an extension of the oversubscribed round, [...]
Dow Jones, S&P 500 and Nasdaq drop as coronavirus ravages global economy April 30, 2020 US stocks have fallen with the Dow Jones, S&P 500, and Nasdaq all lower after dire economic data and earnings highlighted the impact of the coronavirus shutdown and subdued investors. The Dow Jones index dropped 1.3 per cent in early trading. The S&P 500 fell 0.7 per cent and the Nasdaq slipped 0.1 per cent. [...]
TfL bus provider wins £50m in funding from Lloyds bank for hybrid and electric vehicles September 12, 2018 Transport for London’s (TfL) main bus provider has won £50m in funding from Lloyds Bank to invest in hybrid and all-electric vehicles. Metroline, which owns a fleet of over 1,600 buses, will use the first tranche of funding, totalling £10m, to buy 37 new double-decker hybrid buses. The mayor of London, Sadiq Khan, has pledged [...]
Lloyd’s of London plans to reopen underwriting room from 17 May February 27, 2021 Lloyd’s of London is reportedly planning to reopen its underwriting room from 17 May for a few hundred people. The City stalwart is one of the first firms to lay out its initial plans for getting workers back into the Square Mile after the coronavirus pandemic. The Telegraph reported that Lloyd’s will allow 30 per [...]