Clara-Pensions has achieved a groundbreaking milestone by securing its first conventional employer deal, assuming control of the Wates defined benefit pension scheme, which serves 1,500 members. The family-owned construction giant
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The British division of global food giant Kellogg’s has posted a loss in its latest financial results, despite achieving sales surpassing £1 billion, driven primarily by strong performance in its
A US appeals court has delivered a significant blow to corporate diversity initiatives by striking down Nasdaq’s rules aimed at boosting the representation of women and ethnic minorities on company
De La Rue, the historic British banknote printer, is engaged in significant discussions with investment vehicles led by prominent City financier Edi Truell regarding a substantial shareholding acquisition. The talks
British investment giant Vanguard is implementing significant changes to its fee structure for UK platform users, introducing a £4 monthly charge that will particularly impact smaller investors whilst reducing costs
In a landmark ruling that marks one of Denmark’s most significant financial crime cases, British hedge fund trader Sanjay Shah has been sentenced to 12 years imprisonment for orchestrating a
HSBC, one of the world’s largest banking organisations, is undertaking a strategic review of its retail banking operations outside its core markets of the UK and Hong Kong, potentially leading
In a significant strategic shift, General Motors (GM) has announced the termination of its autonomous vehicle venture, Cruise, marking a notable retreat from the robotaxi sector. The decision comes after
Swedish financial technology giant Klarna has been slapped with a substantial £36 million fine by Sweden’s financial watchdog for failing to comply with anti-money laundering regulations. The Swedish Financial Supervisory
British banks witnessed a significant share price surge after the Supreme Court granted permission to hear an appeal concerning car loan misselling claims, potentially worth billions of pounds in compensation.
The Federation of Small Businesses (FSB) has urged government intervention to shield small enterprises from what they describe as banks’ misuse of personal guarantees in lending practices. This call to
Fresh data from the Financial Conduct Authority (FCA) suggests insider dealing could be occurring in as many as one in three takeover bids in the UK, though the overall trend
Sales at the National Lottery have declined under its new Czech operator Allwyn International, with delays to new games and technological implementations weighing heavily on performance during the crucial transition
Chinese authorities have announced a significant shift towards a “moderately loose” monetary policy, marking the first change in their economic stance in 14 years. The move comes as the world’s
The Bank of England has raised significant concerns about hedge funds’ growing influence in the UK government debt market, highlighting potential systemic risks to financial stability. Deputy Governor Dave Ramsden
The UK government’s National Wealth Fund (NWF) is positioning itself to support a domestic gigafactory, marking a significant move in the Labour administration’s green energy investment strategy. Under the leadership