Marks & Spencer has revealed that the recent cyberattack on its systems will cost the company £300 million, dealing a heavy blow to its bottom line and shareholder confidence. The
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Ian Stuart, the chief executive of HSBC UK, has revealed that the bank faces relentless cyber-attacks, making cybersecurity its largest expenditure. He informed MPs during a Treasury select committee hearing
Diageo, the drinks giant behind iconic brands such as Guinness and Johnnie Walker, has revealed a $500 million cost-cutting initiative to mitigate the financial impact of newly imposed US tariffs.
City regulators are examining potential changes to the UK’s ring-fencing rules, which were introduced to safeguard consumer deposits by separating retail banking from riskier investment operations. The Bank of England’s
Ryanair, Europe’s largest budget airline, has recorded unprecedented passenger growth, carrying over 200 million customers in the financial year ending March 2025. This represents a 9 per cent increase from
The yield on 30-year US government bonds, often referred to as treasuries, surged to 5.03% on Monday, reaching its highest level since November 2023. The increase follows a contentious vote
Revolut, the fintech giant based in London, has announced plans to invest more than €1 billion in France over the next three years. This significant expansion will establish Paris as
A record number of households in Britain have been unable to pay their energy bills via direct debit, as per new data from the Office for National Statistics (ONS). Figures
The Bank of London, a relatively new entrant to the UK financial market, is facing significant challenges as it comes under investigation by UK regulators. The Prudential Regulation Authority (PRA),
Stefan Bomhard, Chief Executive of Imperial Brands, has announced his decision to retire in a move that has unsettled investors and resulted in a significant drop in the company’s share
The founders of Lindsell Train, one of Britain’s prominent fund management firms, received £23 million in dividends last year despite declining profits and significant client withdrawals. Michael Lindsell and Nick
Thames Water, Britain’s largest privatised water utility, is grappling with a financial and regulatory crisis. With a debt of £20 billion, a poor track record on pollution, leakage, and customer
The Intercontinental Hotels Group (IHG), owner of renowned brands such as Holiday Inn, Kimpton, and Crowne Plaza, has reported promising first-quarter results for 2025, driven by robust performance across Europe,
Investors in the United Kingdom have turned away from bonds at an unprecedented pace, with £1.2 billion pulled from fixed income funds in April. This marks the fastest rate of
Senior executives from leading banks, including HSBC, NatWest, and Lloyds, will meet with UK ministers this week to address growing concerns over restricted lending to small and medium-sized enterprises (SMEs).
A senior official from the Financial Conduct Authority (FCA) has made headlines by joining a consultancy firm with ties to the motor finance industry. Roma Pearson, formerly in charge of