London floats fall to six-year low as UK firms snub Square Mile December 11, 2023 The number of applications to list on the London Stock Exchange (LSE) has plunged to its lowest level in at least six years, new figures from the City watchdog show, as the Square Mile struggles to attract IPOs.
Mortgage lending to keep falling next year after steep drop in 2023 December 11, 2023 Mortgage lending is expected to keep falling next year after dropping by more than a quarter in 2023, according to banking trade body UK Finance, as borrowers are squeezed by high interest rates and household finances.
Bank of England, Federal Reserve and ECB expected to keep interest rates on hold this week December 11, 2023 The Bank of England will likely hold interest rates for the third time in a row on Thursday, according to economists.
‘Time is running out for the economy’: UK’s tax level highest on record December 11, 2023 THE UK’s tax level has soared to an all time high, according to new figures, raising deep concerns about the nation’s appeal to businesses and investors.
From branch closures to ‘debanking’ – Which bank faces the highest number of complaints? December 10, 2023 The UK's high street lenders have faced a tsunami of complaints this year from concerns about branch closures to customer service. But which bank faces the most complaints?
Santander UK boss calls on Big Tech to reimburse fraud victims December 10, 2023 Santander UK chief executive Mike Reigner has called on social media giants, particularly Meta, to take more responsibility for reimbursing victims of fraud amid a boom in online scams.
Investment banks search for any port in a storm amid City’s dealmaking slump December 7, 2023 A listings drop off has hurt smaller investment banks and brokers. Now they may be looking for deals and combinations of their own.
London Stock Exchange hit by double outage, small cap trading paralysed December 5, 2023 The London Stock Exchange has resolved an outage that disrupted trading in a large number of smaller stocks for at least 30 minutes on Tuesday morning - the third issue of its kind since October.
Barclays shares drop after Qatar slashes stake December 5, 2023 Shares in Barclays fell as much as 4.5 per cent in London on Tuesday morning after Qatar's sovereign wealth fund cut its stake in the bank by half.
Premier Milton blames ‘weakening’ UK investment sector for plunge in profits December 5, 2023 Asset manager Premier Milton's profits fell by more than a third in the year ending 30 September as the Square Mile suffers from a drop-off in dealmaking.
