British employers’ hiring confidence has plummeted to its lowest level in 13 years, despite indications of a summer uptick in economic output. The BDO Business Trends barometer reveals this significant
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In a significant move that underscores confidence in the UK financial sector, European insurance giant Athora has announced its acquisition of Pension Insurance Corporation (PIC) for £5.7 billion, marking the
Shares in troubled high street lender Metro Bank rocketed more than 18% today following reports of a potential takeover approach from private equity firm Pollen Street Capital. The stock surged
Former fund manager Neil Woodford is set to make a controversial return to the investment world with the launch of a subscription-based service, six years after the spectacular collapse of
One of Britain’s leading accountancy firms has shuttered operations across nine African nations as part of a strategic move to minimise exposure to risky markets and protect its global reputation.
The Belgian insurance giant Ageas has sealed a £1.3 billion cash acquisition of Esure from American private equity firm Bain Capital, establishing the combined entity as Britain’s third-largest motor and
A hedge fund spearheaded by Hamza Lemssouguer, a former trader from Credit Suisse, has committed to lending £598 million to the Very Group, owned by the Barclay family. This significant
In a significant move, one of the UK’s largest mortgage lenders, Santander, has announced a relaxation of its lending criteria for first-time buyers. This change means that couples earning a
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
Leading City advisers and financial institutions are poised to share a substantial £120 million in fees following Aviva’s landmark £3.6 billion acquisition of Direct Line. The deal, marking one of
The UK’s leading accountancy firms have dramatically reduced their graduate intake and trimmed staff numbers beyond official redundancy programmes as they grapple with a sustained downturn in professional services demand.
The Spanish banking powerhouse Santander’s chief executive Ana Botin has firmly rejected speculation about the potential sale of its UK operations, emphasising Britain’s position as a core market for the
In an embarrassing turn of events, Virgin Money’s AI-powered chatbot has publicly scolded a customer for using the word “virgin” in their query, highlighting the potential risks of deploying external
Britain’s largest high-street bank, Lloyds Banking Group, has unveiled plans to shutter 136 branches across its network as part of its ongoing digitalisation strategy. The closure programme encompasses 61 Lloyds
The long-running legal dispute between Mastercard and former financial ombudsman Walter Merricks has reached a settlement, with the credit card giant agreeing to pay £200 million to resolve claims over
