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Markets & Economics

  • Competition is heating up amongst retail banks, says FCA

    January 20, 2022

    Fierce competition in retail banking is driving choice and lowering prices for consumers according to the UK financial watchdog.

  • Ouch! Sir Tony Blair says there is no plan for Britain’s future as Boris Johnson is simply not prepared for Brexit and tech revolution

    January 20, 2022

    Boris Johnson is lacking a coherent blueprint for dealing with the major strategic challenges facing the UK, according to former prime minister Siry Tony Blair. In an online address later today, Blair will say that whether or not Mr Johnson survives the row over Downing Street his biggest problem is the absence of a plan [...]

  • PensionBee reports revenue jump as it targets December profitability

    January 20, 2022

    Digital pensions platform PensionBee has reported a jump in revenue today as it readies to ramp up investment into marketing and customer acquisition.

  • Time Finance holds its ground through pandemic turbulence

    January 20, 2022

    Time Finance has remained resilient in the face of pandemic disruption, revealing a steady set of results.

  • Primark to cut 400 jobs across the UK as part of overhaul of management team

    January 20, 2022

    Primark owner Associated British Foods has reported a 16 per cent boost in group revenues for the 16 weeks up to 8 January 2022.

  • Premier Foods ups profit guidance as sales beat market forecasts

    January 20, 2022

    Mr Kipling owner Premier Foods has lifted its profit guidance for the full year to £125m as sales beat expectations.

  • Superdry cuts its losses despite tumbling revenues

    January 20, 2022

    Revenues at fashion brand Superdry have dropped on a one-year and two-year basis, but losses are also down at the retailer.

  • AJ Bell customers jump a fifth amid retail investor boom

    January 20, 2022

    Investments platform AJ Bell increased its customer base by 27 per cent last year amid a surge in retail investment.

  • US gives green light to start talks on removing tariffs on British steel and aluminium that were imposed by Trump

    January 20, 2022

    The Biden administration has agreed to start talks seeking to remove the tariffs on British steel and aluminium imposed by former president Donald Trump. International Trade Secretary Anne-Marie Trevelyan said she had held a “productive discussion” with US commerce secretary Gina Raimondo on Wednesday. She said that they desire a “resolution as soon as possible [...]

  • Rising costs seep into every sector of UK economy

    January 20, 2022

    Every sector of the British economy is suffering from swelling costs in a sign that inflation will trend much higher in the coming months, reveals a fresh study published today. Higher wages, compounded by soaring energy and raw material costs, are severely eroding firms margins, according to research carried out by high street lender Lloyds. [...]

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