Financial

Britain’s debt has exceeded the size of its economy, for the first in over six decades. This is ahead of an anticipated rise in interest rates which will increase borrowing costs by billions. According to the Office for National…

Bank of England will likely raise interest rates on Thursday by a quarter-point to 4.75 percent, as calls to take more aggressive action against persistently high inflation increase. According to data released on Wednesday that was worse…

Jeremy Hunt will call on banks to deal with what one Tory Mp called a "mortgage-bomb that is about go off", yet he ruled in giving fiscal assistance to families struggling to pay for rising mortgage costs. Hunt said on Tuesday that he…

Experts have predicted that a "rising tide of City investors" will replace small-time landlords of buy-to-let properties who are being forced out of the market due to higher interest rates. According to property consultants JLL's…

The SVB Financial Group and the Baupost Group announced on Sunday that they had reached an agreement to sell their investment banking division to the Baupost Group as well as to a group of top bankers led by Jeffrey Leerink. According to…

AstraZeneca is planning to separate its China business from the rest of the company and list it separately on Hong Kong's stock exchange. This will protect AstraZeneca against rising geopolitical tensions. Three people who are familiar…

NatWest and Nationwide raise borrowing costs, increasing pressure on the government to control the cost of living crisis .NatWest and Nationwide, two of the UK’s largest mortgage lenders, announced on Thursday they were increasing rates,…

Molten Ventures, a venture capital firm, has reduced the value of its stakes in Revolut. It is the second investor who has done so. The UK fintech company is awaiting a decision from regulators on whether it will be granted a banking…

Entain's shares fell this morning, after the FTSE 100 gaming group raised approximately £600 million in order to fund a Polish acquisition worth £750 millions. Ladbrokes, Sportingbet and Emma Capital's joint venture Entain CEE will…

Robert Walters warned that its profits would be "significantly" lower than expected this year, which led to a steep fall in the value of its stock and those of its competitors. At the end of the last year, signs were beginning to appear…

The pound has reached its highest level versus the dollar since April 20, 22. This is due to strong economic data which has increased pressure on the Bank of England. The pound rose by up to 0.8 percent on Wednesday, to $1.2698. This was…

Volkswagen's flagship Brand aims to reduce costs by €10bn by 2026 in order to increase earnings on a market that is becoming increasingly competitive. Arno Antlitz posted on LinkedIn, on Wednesday, that the brand will "streamline" their…

Powell defends decision to pause tightening campaigns in the face of persistently higher inflation .The Federal Reserve signalled its support for two more interest rate rises this year, including one that could be implemented at its next…

Retail sector data points to reduction in discretionary purchases as consumers pay more for staples .High food inflation pushed up UK grocery spending last month, prompting many consumers to cut back on discretionary purchases, according to…

Andrew Bailey, governor of the Bank of England, said that inflation is taking "a lot longer" to fall than investors had hoped. Investors were betting on higher interest rates on Tuesday as a result of positive wage data. After the…

Private equity investors have purchased an advertising group founded by Roger Parry (YouGov Chairman) for approximately PS170 Million. LDC, the private-equity arm of Lloyds Banking Group is selling a major stake in MSQ Partners. One…

Goldman Sachs has been hit by an increase in commercial real estate loans that are past due in the first quarter. This was partly caused by Elon Musk refusing to pay Twitter's rental. Goldman's licensed bank entity filed reports with the…

UBS will impose strict restrictions on Credit Suisse's bankers, including a prohibition on new clients coming from high-risk nations and complex financial products. This is as the company prepares to buy its struggling rival on Monday.…