FTSE 100 close: London rallies after Bank of England holds interest rates November 2, 2023 The blue-chip FTSE 100 rose 1 per cent to 7,418.89 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, rose 1.6 per cent to 17,465.50.
SMEs crushed by lack of funding as MPs scrutinise lenders on borrowing November 1, 2023 One in ten small and medium-sized businesses (SMEs) that have struggled to access financing eventually folded, according to a survey of 500 business leaders, as MPs scrutinise the sector's lenders.
Atom Bank raises further £100m from shareholders, shakes off valuation hit as London IPO looms November 1, 2023 Atom Bank has completed an £100m equity raise from its long-term shareholders as the digital lender prepares for a likely IPO.
Here are the top banks most impacted by fraud — and worst at reimbursing their customers October 31, 2023 APP scams, which involve the victim making the payment themselves, accounted for 40 per cent of fraud losses in 2022.
FTSE 100 close: London pares gains as BP slump offsets inflation hope October 31, 2023 London's FTSE markets climbed on Tuesday morning as investors received another boost from falling food inflation but oil giant BP slumped after a poor set of results.
Who is PwC’s new global chair Mohamed Kande? October 30, 2023 Kande's appointment marks a break from PwC's pattern of choosing its US head to become global chair.
Banks slammed for ‘doing as little as they can get away with’ to help savers October 30, 2023 The UK's biggest banks are "trying to do as little as they can get away with" to help savers as interest rates look set to stay high, a top Tory MP has said.
Investment bank downgrades Natwest amid profit warnings, share price slip and leadership questions October 30, 2023 Natwest's stock fell 1.8 per cent in London on Monday morning after reporting third-quarter results on Friday.
Banks face tougher competition as profits boost from higher rates fades October 30, 2023 The UK’s major listed banks have warned that the tailwind from high interest rates that has driven bumper profits over the past year is coming to an end as lenders compete to offer better deals to customers. Barclays, Lloyds, NatWest, Standard Chartered and Santander reported third-quarter earnings last week, while HSBC released its results today. [...]
Square Mile’s job market shrinks as firms cut costs October 30, 2023 Job openings in the City's financial services sector have fallen for the second consecutive quarter as firms respond to high costs and overhiring.
