UK financial watchdog to beef up consumer protections January 25, 2022 The Financial Conduct Authority (FCA) has said it will take "assertive action" against firms seeking to limit compensation for customers.
Credit Suisse issues profit warning amid rising legal fees January 25, 2022 Credit Suisse has warned of losses in the fourth quarter as a result of mounting litigation costs and a slowdown in investment activity.
Russia has made EU threats look full of hot air January 25, 2022 As the EU's supplies shorten, so does its ability to present a united front in the face of the Kremlin's aggression.
Housebuilders drag London markets down as investors flee stocks January 24, 2022 London markets took a beating yesterday driven lower by most sectors tumbling as investors fled stock markets on US Fed rate hike fears. The capital’s premier FTSE 100 index closed 2.63 per cent lower at 7,297.15 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, lost 3.64 [...]
Sea of red: Looming US Fed rate hike spree sends chill through global markets January 24, 2022 A sea of red engulfed global markets today as a looming rate hike spree from the US Federal Reserve sent investors fleeing stock markets. Traders dumped shares on fears the Fed will send the strongest signal yet on its intention to rapidly rein in ultra-stimulative monetary policy at its meeting of rate setters on Wednesday. [...]
Gas prices soar amid supply shortage fears as Russia-Ukraine tensions escalate January 24, 2022 Analysts warned last night that escalating tensions over Russia's seemingly inevitable invasion of Ukraine would hit European gas supplies.
Financial Conduct Authority staff mull strike action over pay changes January 24, 2022 Staff at the Financial Conduct Authority (FCA) are considering strike action over changes to pay proposed by management.
British Gas owner Centrica picks up customers from fallen firm Together Energy January 24, 2022 Centrica, owners of British Gas, has swooped in to rescue UK households from doomed supplier Together Energy, which ceased trading last week.
Firms have no choice ‘but to raise prices’ to absorb NI hike January 24, 2022 The looming national insurance tax hike will leave British businesses with no choice “but to raise prices,” a leading business group has warned. Firms will have to pass on the cost of the 1.25 percentage point hike to consumers in a bid to offset severe margin pressure, according to the Institute of Directors (IoD). Nearly [...]
EDF shareholder funds put pressure on French government over energy firm plans January 24, 2022 The supervisory boards of two EDF staff shareholder funds are pushing for clarity over the French government’s plans for the energy giant.
