Close Brothers has been dealt a significant blow as the bank announced an additional £33 million provision to reimburse customers for overpayments within its car loans division. This charge compounds
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Ovo Energy, the United Kingdom’s fourth-largest energy supplier, has issued a stark warning regarding its future viability following its failure to meet Ofgem’s updated financial resilience requirements. The company, which
The Financial Conduct Authority (FCA) has made a significant move to ease recently introduced consumer regulations after pressure from Chancellor Rachel Reeves to cut back on burdensome red tape. The
The UK finds itself at the centre of an international dispute after seizing bitcoin worth over £5 billion from Zhimin Qian, known as the BitQueen, in one of the largest
New data reveals a soaring number of UK graduates now burdened with student loan debts exceeding £100,000. Figures disclosed following a freedom of information request show that by the end
Sir Jim Ratcliffe’s Ineos petrochemicals empire is under significant financial pressure after a spree of acquisitions led to soaring debt and forced the company to axe dividend payouts until at
Harrods, the renowned luxury department store in Knightsbridge, has confirmed it suffered a significant data breach impacting nearly half a million customers. The incident, which took place last week, underscores
Reform UK is intensifying calls for sweeping changes to the Bank of England’s quantitative easing programme, urging Chancellor Rachel Reeves to seize a £20bn annual windfall by reforming the way
A “crisis of opportunity” is gripping the younger generation, as fresh research underscores the stark reality that almost none of the UK’s adults living with their parents can afford to
Amid mounting economic tension in Buenos Aires, the United States has signalled readiness to offer extensive support to President Javier Milei’s embattled Argentine government. Following a spell of rampant market
Britain’s largest investment platform is set to shake up the savings landscape as Hargreaves Lansdown unveils its first easy access cash Isa, developed in partnership with challenger bank Shawbrook. The
BMW’s UK motor finance arm has dramatically increased the amount earmarked for potential compensation payouts as the ripples from the car finance mis-selling scandal continue to reverberate through the financial
The Bank of England is pressing pause on the pace of its much discussed quantitative tightening programme, an economic measure that has quietly but significantly reshaped UK public finances. This
The Financial Conduct Authority (FCA) has confirmed that cryptocurrency firms will be exempt from the key consumer protection rules found within its new Consumer Duty framework when the regulator extends
Data from Barclays has revealed a significant shift in the behaviour of first-time buyers across the UK. Increasingly, individuals entering the property market are bypassing traditional starter flats and opting
Flying taxis are set to become a reality in Britain, as Vertical Aerospace announces plans to establish a major production site capable of building 700 battery-powered air taxis per year.