The UK housing market is gearing up for a bustling autumn season, fueled by the Bank of England’s recent interest rate cut, the first since the onset of the Covid-19
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For the better part of the last decade, Saudi Arabia has attracted dealmakers, bankers, and asset managers seeking capital, largely due to its ambitious sovereign wealth fund embarking on a
The UK arm of Grant Thornton, which is Britain’s sixth-largest accountancy firm, has attracted interest from major private equity firms CVC and KKR. Sources indicate that CVC, known for owning
The Norwegian krone has been the subject of much concern lately, as its dramatic decline against major currencies like the US dollar and euro has left politicians, businesspeople, and consumers
SoftBank, the Japanese conglomerate, has been in discussions with Intel, the US chipmaker, about a potential collaboration to produce artificial intelligence (AI) chips that could rival those of Nvidia. However,
Inflation in the UK rose for the first time this year in July, climbing to 2.2% and surpassing the Bank of England’s 2% target, according to official figures released by
The UK economy is bracing for a potential uptick in inflation, mere weeks after the Bank of England’s decision to lower interest rates for the first time in over four
The taxpayer is set to lose a significant portion of its investment in Gather, a start-up backed by Arsenal footballer Jorginho, which recently entered administration. According to insolvency filings, the
In a significant move, American banking giant Citi is poised to eliminate the bonus cap for its London-based investment bankers. This decision comes on the heels of the Conservative government’s
In a significant move, Barclays has become the first UK bank to officially lift the cap on bankers’ bonuses, a restriction originally imposed by the EU. This decision, announced through
In a significant development in the UK’s financial sector, Hargreaves Lansdown, the country’s largest DIY investment platform, has agreed to a £5.4 billion takeover by a consortium of private equity
Metro Bank, once known for its flamboyant branch openings and prominent high street presence, is undergoing a strategic shift under the leadership of Dan Frumkin, the American turnaround specialist who
After the Bank of England lowered rates for the first in over four years, the pound and FTSE 100 both fell dramatically. According to central bank forecasts, the economy is
The housing market is “relatively stable” despite the fact that many people still struggle to buy their first home. According to Nationwide, Britain’s third largest mortgage lender, the average house
Barclays posted a better-than expected first-half profit and announced a cash return of £1.2 billion to its shareholders. Its boss said that the turnaround plan was on track. The FTSE
Bank of England cuts interest rates first in four years. This is a relief for millions of homeowners, and families who are still struggling with the rising cost of living.