Payments regulator in Treasury crosshairs as firms revolt Banking As the government hunts for ways to make Britain more competitive, the country's payments regulator has become caught in the crosshairs.
Canal+ IPO offers hope for troubled London Stock Exchange Markets French media giant Canal+ will list on the London Stock Exchange this morning in an early Christmas present for a bourse battered by a string of exits this year.
Bank of England set to hold interest rates after inflation jump Economics The Bank of England is poised to leave interest rates on hold this week after inflation rose more than expected.
UK inflation expected to rise again in fresh blow to Labour December 16, 2024 Official data this week is expected to show inflation moved further away from the Bank of England's two per cent target in November, dealing another blow to the government after a contraction in GDP.
Water bills set to rise by a fifth as government calls for ‘complete reset’ of sector December 15, 2024 Water bills are set to rise by at least 21 per cent as the government slams a "failure of regulation and governance" within the sector.
London Stock Exchange suffers biggest exodus in 15 years as former boss sounds alarm December 15, 2024 The former head of the London Stock Exchange Group has warned its flagship bourse has become "deeply uncompetitive" amid its biggest exodus since the financial crisis.
UK economy ‘at risk of stagflation’ as growth stalls under Labour December 13, 2024 Latest official GDP figures show the UK economy has stopped expanding since Labour took power, creating a headache for Keir Starmer after putting growth at the centre of his government’s mission. The economy unexpectedly shrank by 0.1 per cent in October, according to new data from the Office for National Statistics. It missed economists’ expectations [...]
Regulator set to limit card fees after Visa and Mastercard price hikes December 13, 2024 The UK’s payments regulator has confirmed plans to introduce price caps on card fees paid by British merchants when European consumers make online purchases, after Visa and Mastercard hiked prices post-Brexit. After proposing some restrictions a year ago, the Payment Systems Regulator (PSR) is moving ahead with a consultation to decide at what level they [...]
Chapel Down: Winemaker toasts new CEO as finance chief resigns December 13, 2024 Chapel Down has named James Pennefather as its new chief executive while its finance head has resigned after a challenging year for England’s biggest winemaker. The London-listed firm said on Friday that Pennefather will take up the CEO post on 1 February, replacing Andrew Carter – who resigned in September as the firm reported a [...]
UK economy on ‘recession watch’ after unexpected contraction December 13, 2024 The UK economy shrank unexpectedly in October after a fall in production output and stagnation in the services sector ahead of the Budget. GDP fell 0.1 per cent during the month, data from the Office for National Statistics (ONS) showed. Economists had expected a return to modest growth of 0.1 per cent. It marks two [...]
