British businesses are showcasing remarkable optimism for 2025, with fresh survey data revealing that 70% of companies anticipate increased turnover in the coming year, marking a significant rise from 62%
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British services exports are projected to reach a historic milestone of £500 billion in 2025, marking a remarkable doubling of foreign business over the past decade. The surge is primarily
Insurance giant Aviva is making a final push to complete its £3.6 billion acquisition of Direct Line Group before a Christmas Day deadline set by the City’s Takeover Panel. The
In a significant blow to the UK banking sector, Barclays has announced plans to appeal after losing a crucial High Court case concerning car loan commissions. The ruling threatens to
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
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
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
Leading social mobility organisations have called upon UK financial regulators to mandate reporting of employees’ socio-economic backgrounds in a bid to shatter the persistent ‘class ceiling’ within the financial services
Britain’s largest wealth manager, St James’s Place (SJP), has made the decisive move to terminate its annual extravagant staff gatherings in London and the prestigious spring sports retreat at Scotland’s
Standard Chartered has unveiled plans to secure £200 billion in new assets, capitalising on clients seeking to relocate businesses from China amidst potential tariff threats from president-elect Donald Trump. The
Britain’s EY is preparing to slash 150 senior consulting positions as the professional services giant grapples with declining demand for advisory services. The cuts will primarily impact the firm’s consulting
A shadowy investment powerhouse has emerged from within the halls of global consulting giant McKinsey, managing a staggering $48 billion exclusively for its current and former partners. McKinsey Investment Office
In a significant financial development, Nationwide Building Society has recorded an extraordinary £2.3 billion accounting gain from its Virgin Money UK acquisition, whilst simultaneously reporting a 24% decline in underlying
The UK’s professional services sector has established itself as a crucial catalyst for economic growth in 2024, demonstrating remarkable resilience whilst other sectors face mounting challenges. Official data reveals the
The organisation’s decision primarily affects ‘in-seat promotions’, where employees traditionally receive pay increases and enhanced titles without substantial changes to their roles or responsibilities. Unit heads have recently conducted team
In a significant development at the annual Mansion House dinner, Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey have jointly emphasised the urgent need to rebuild Britain’s economic
