Vanquis Banking Group has swung to an annual loss and slashed its dividend after the specialist lender saw a jump in impairment charges following a profit warning for 2024 earlier …
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UK’s largest electricity transmission project to get £3.4bn in funding, Ofgem says
A project to build a 500km electricity “superhighway” cable linking Scotland and Yorkshire is to receive £3.4bn in funding, Ofgem has announced. The Eastern Green Link 2, hailed as the …
Old Mutual profit surges 35 per cent as African insurer grows
Pan-African financial services group Old Mutual have seen profits surge 35 per cent last year due to “exceptional sales growth”. The London-listed group, which is Africa’s largest insurer by assets, revealed that profits totalled …
“No evidence” Endeavour ex-CEO payments were made to terrorist groups, firm says
Endeavour Mining, the gold outfit which gave former boss Sebastian de Montessus his marching orders earlier this year after identifying unknown payments in the accounts, has this morning said the …
BBC ‘new brands’ plan sparks criticism for ‘assault’ on commercial media
The BBC director-general’s announcement that the broadcaster will launch “two new brands” has sparked criticism of its “overreach” and “assault on commercial journalism”. Speaking at the Royal Television Society on …
On the brink: Alcohol and high-achieving professional women
Although the word ‘alcoholic’ may conjure a particular stereotypical image, professional middle-aged women in their 40s and 50s are being highlighted as being more prone to addiction. British women are …
In defence of men-only members’ clubs
Barracking the Garrick for excluding women isn’t exactly clubbable – how about some healthy competition instead? Asks James Price Is the male-only Garrick Club a posh creche for old dinosaurs …
The big challenge isn’t funding public services, it’s making them productive
With the public sector no more efficient than it was in the late 1990s, it’s time to start seriously scrutinising our public services, writes Paul Ormerod There’s no shortage of …
Sadiq Khan pledges 1,300 more police on London streets in pre-election promise
Sadiq Khan has pledged to get 1,300 more neighbourhood police officers, PCSOs and special constables on London’s streets, if he is reelected to City Hall. The Labour mayor, who is …
Tiktok faces uncertainty in the US, but a UK ban seems unlikely
The United States is in motion to ban Tiktok, pending the sale of the platform to an independent non-Chinese buyer, amid concerns over national security. Tiktok, in response, has been …