TSB’s profits more than double as lending and spending soars July 28, 2022 Edinburgh headquartered bank TSB today said its profits for the first half of the year had more than doubled, as its incomes were boosted by higher lending balances and increased card spending following the end of Covid restrictions. The bank said its statutory pre-tax profits had increased 139.9 per cent to £102.9m, as customer lending [...]
FTSE 100 close: Strong Barclays results fails to lift London due to China concerns February 20, 2024 Caution gripped the air as investors continued to fret over the prospects of the world's second largest economy.
Metro Bank shares soar as lender returns to profit November 2, 2022 Metro Bank’s shares soared this morning, after the London-listed lender announced it had returned to profit in September. Investors piled into the stock, lifting shares a little over 10 per cent to 80.1p a piece. “I am really pleased to see the business return to profit in September on both an underlying and statutory basis,” [...]
Airline shares have started to slide – is this the end of the great rebound? November 1, 2023 Airline shares have flown high this year after record demand for travel swept across the sector over summer. But cracks are starting to show.
Jeremy Hunt and Rishi Sunak’s uphill task just got a bit steeper February 15, 2024 Rates will come down - probably in May, maybe in June - but they will take time to filter through to the wider economy. With an election looming, can the Tories expect anything to turn up?
Attention turns to Starmer as Labour conference kicks off tomorrow September 24, 2022 Attention has turned to Labour leader Sir Keir Starmer as the party’s annual conference kicks off tomorrow. Taking place in Liverpool from Sunday until Wednesday, the conference will provide an opportunity for Starmer to assert himself as the next prime minister. Supporters hope Starmer will use the meeting to mark the stark divide between his [...]
Chinese stocks post best week since 2008 September 29, 2024 Chinese and China-focused stocks posted their best week since 2008 last week, with the CSI 300 index shooting up 15.7 per cent after strong economic stimulus measures were put in place by the country’s government. Every index tracking Chinese stocks benefited from the measures, with Hong Kong’s Hang Seng index rising more than 13 per [...]
If firms want to go green then we should give shareholders the keys to their plans May 20, 2022 WHILE the finance sector can feel distant and detached, people are waking up to the impact it can have on our environment. Which bank, building society, or investment fund we decide to deposit our savings, store our pensions, or pay our hard-earned salaries into can determine whether green projects and clean businesses are financed. That’s [...]
‘Too late for rent caps’: East London rents jump 50 per cent since 2019 August 5, 2024 Rental costs in London have skyrocketed over the past five years, and new data has shown that rental growth in the city’s historically-affordable east has risen the fastest. Prices have risen by around 50 per cent in Shoreditch, Bethnal Green and Haggerston to pass an average of £1,000 per month, according to data from Spareroom. [...]
Turtle Bay serves up another record year after championing four-day week August 5, 2024 Caribbean restaurant and bar chain Turtle Bay has reported another record year and hailed the success of its switch to a four-day working week for its employees.