Contingency measures are being prepared to safeguard the pensions of 12,000 Thames Water employees as the utility company faces potential special administration. The company, which serves 16 million households, is
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Admiral has reported a significant surge in annual profits, driven by a strategic decision to lower UK motor insurance premiums after an industry-wide price hike. The FTSE 100 company has
Adidas has reduced its profit forecast for 2025 amidst signs of slowing growth, as the German sportswear giant navigates a challenging economic landscape. The company now expects operating profits to
The Barclay family’s retail empire, The Very Group, has suffered another financial blow as its credit rating was pushed deeper into junk status by Fitch Ratings. The company, which carries
CK Hutchison Holdings, a Hong Kong-based logistics giant, has announced the sale of a majority stake in Panama Ports Company to investors, including US financial powerhouse BlackRock. The deal, valued
Bitcoin has faced its largest monthly decline since June 2022, entering a technical bear market as market optimism around cryptocurrencies waned during February. The leading cryptocurrency dropped 17.5% last month,
A wave of IT failures struck major UK banks on Friday, leaving thousands of customers unable to access their accounts on payday. The disruption affected customers of TSB, Nationwide, First
In a significant shift in British banking ownership, the UK government has relinquished its position as the primary shareholder in NatWest, marking a pivotal moment in the bank’s post-financial crisis
A monumental error at one of America’s largest investment banks has raised fresh concerns over operational controls, as Citigroup accidentally credited a client’s account with $81 trillion instead of the
The Bank of England’s approach to interest rate cuts could fluctuate dramatically between a very gradual or swift pace as it navigates significant economic uncertainties, according to Deputy Governor Sir
Rolls-Royce, the British aerospace giant, has demonstrated a remarkable financial turnaround by announcing a £1 billion share buyback programme and reinstating dividend payments, marking a decisive recovery from its pandemic-era
Four of the world’s largest banking institutions have been slapped with fines totalling nearly £105 million by Britain’s competition watchdog after their traders were caught sharing confidential information about UK
The financial landscape has transformed dramatically in the five years since Covid-19 first emerged from Wuhan, China. The initial market response to the virus was relatively measured, with investors maintaining
Former US President Donald Trump has announced plans to inspect America’s gold reserves at Fort Knox, sparking widespread speculation about a potential revaluation of Treasury reserves that could reach £750
Lloyds Banking Group has significantly increased its compensation provision for potentially mis-sold motor finance to £1.1 billion following a landmark court ruling, forcing the FTSE 100 lender to set aside
In a significant development that has caught the attention of global financial markets, NASA has elevated the probability of a potential “city killer” asteroid collision with Earth to an unprecedented