Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Natwest customers wrestle with IT issues as PPI deadline looms August 28, 2019 Natwest customers have complained of being unable to make PPI claims ahead of tomorrow’s deadline for lodging complaints about mis-sold plans. Customers took to Twitter to express their frustration at not being able to make claims. “The [Natwest] website is down, personal banking on-line system is down and the PPI call line system is malfunctioning! [...]
Natwest and RBS websites crash: Customers struggle to access online banking after outage August 27, 2019 Natwest and RBS banks have still not recovered from major technical issues that have knocked over their websites today. The websites crashed at around 9am and have still not recovered, prompting a deluge of customer complaints on Twitter as people struggled to access their bank accounts. Read more: Natwest apologises after another banking outage The [...]
Major investor swallows £41m of Carpetright’s huge debt pile August 27, 2019 One of Carpetright’s largest shareholders has paid to take on £40.7m of the retailer’s debt, sending shares surging. Meditor European Master Fund has underwritten a loan from Natwest and Ulster Bank to the carpet company to keep its revolving credit facility active. Read more: Carpetright shares buoyed as turnaround plan remains on track Carpetright’s share [...]
Ted Baker finance boss bags Mulberry role August 22, 2019 Ted Baker’s finance boss Charles Anderson has quit after 17 years to join luxury bag brand Mulberry. Anderson will join Mulberry’s board as group finance director in early October, replacing Neil Ritchie who stepped down on 30 June. During his time at Ted Baker, Anderson played an active role in its international expansion and systems [...]
RBS to select Alison Rose to become first female chief executive August 10, 2019 The Royal Bank of Scotland (RBS) is set to pick Alison Rose to become its new chief executive. Rose will become the first woman to lead one of the UK’s biggest high street lenders and is likely to be named as Ross McEwan’s successor in the coming weeks, Sky News claim. Read more: Outgoing RBS [...]
City Moves for 3 July – Who’s switching jobs at Teespring, OSTC and Perkbox? July 3, 2019 Today’s City Moves includes Teespring, OSTC and Perkbox. Teespring Nick Bell has been appointed official adviser to create and sell commerce platform Teespring. Nick, who will assist the company to expand as a creator-based platform, worked at Snap, and before that was senior vice president of digital products at News Corp. During his time at [...]
UK car industry sees worst month for six years in May, Natwest says June 24, 2019 The UK’s car industry suffered its worst month for business conditions in six-and-a-half years in May, according to a new survey by Natwest, as Brexit and a global slowdown continued to hurt the sector. Read more: Pound falls as UK economy shrinks 0.4 per cent in April British car makers last month saw the steepest [...]
RBS shares jump after Saudi bank merger boosts capital June 17, 2019 Royal Bank of Scotland shares have jumped this morning after the bank said a merger between two Saudi banks would boost its capital and reduce its risk weighted assets by £4.7bn. Saudi Arabia’s Alawwal Bank and rival Saudi British Bank (SABB) completed a merger yesterday, creating the third-biggest lender in the kingdom. Read more: Five [...]
London’s private sector bounces back after weak April June 10, 2019 London’s private sector bounced back last month from a weak April, with firms reporting the first rise in new business in 2019, according to a survey from Natwest. Read more: London takes top spot in future global cities ranking The purchasing managers’ index (PMI) for the capital – which measures the output of the private [...]
City Moves for 10 June – who’s switching jobs at CIMA, Wells Fargo and London Wall Partners? June 10, 2019 Who’s on the move today? CIMA Canadian finance leader Amal Ratnayake has been named 86th president of the Chartered Institute of Management Accountants (CIMA). In May, Ratnayake was also confirmed as chairman of the Association of International Certified Professional Accountants. As CIMA president, Ratnayake will represent 228,000 members and students across the world and be [...]