A row has erupted over bonuses handed out to Thameslink officials after the company had its performance targets lowered by the government following multiple failures, it has been revealed. Filings …
Financial Planning
S&U plunges 10 per cent after issuing profit warning as motor finance arm suffers from ‘weak consumer confidence’
Specialist auto and property lender S&U has issued a profit warning ahead of its full-year results amid an “intemperate economic climate” and “weak consumer confidence”, while an FCA probe looms …
Runescape developer Jagex acquired by private equity backer of Six Nations CVC
RuneScape developer Jagex been acquired by the private equity backer of Six Nations Rugby, CVC. Jagex, which launched in 2000, is primarily known for Runescape and Old School Runescape, and …
FTSE 100 live: London markets flat, Tesco rises after banking sale to Barclays
London’s FTSE indexes were flat on Friday in the absence of any major pieces of economic data, but investors had more M&A to dig into following Barclays’ acquisition of Tesco’s …
Bank of England staff fed up with ‘rewards’ – despite £25m bonus payouts and inflation botch-job
Staff at the Bank of England have reportedly taken issue with their salaries, according to an internal survey, as Parliament warns that much bigger pay packages in the private sector …
Bank’s Haskel wants ‘more evidence’ of falling inflation before cutting interest rates
A rate-setter at the Bank of England said he wanted to see “more evidence” that inflation was falling to the two per cent target before changing his policy stance. Jonathan …
Legal aid funding cut by £728m as watchdog warns MoJ lacks understanding on reforms
Labour’s Meg Hillier MP has called on the Ministry of Justice (MoJ) to proactively work across government and legal providers as she warns that the “access to legal aid services …
Only fast fixes can save the London Stock Exchange from a 2024 exodus
The London Stock Exchange has been bruised and battered over the past two years. James Ashton, CEO of the Quoted Companies Alliance, warns the Chancellor the time is now for …
Liz Truss’ mini-budget helped knock £425bn off pension funds’ assets in 2022
Pension funds saw their valuations plunge by nearly a quarter in 2022, partly due to the bond market turmoil that followed Liz Truss’s mini budget, new research suggests. According to …
Bellway optimistic on housing market despite slump in revenue and completions
Bellway Homes saw a significant drop off in completions and revenue in the six months to the end of January. In a six-month trading update issued today, the firm said …