Bradford-based lender Vanquis swung back into profitability for the first half of the year following on from a bruising period in the last 12 months. The bank recorded a profit …
Investing
Shawbrook expands loan book ahead of mooted London float
Specialist lender Shawbrook expanded its loan book in the first half of the year helping profit soar. The bank – which is owned by private equity firm Pollen Street Capital …
House prices rise ahead of key Bank of England rate decision
House prices rose at their fastest pace since the start of the year in July, as buyers shake off concerns about higher property taxes and push ahead with purchases. Prices …
Huawei issues UK warning as restrictions hit hard
The UK arm of Chinese telecommunications giant Huawei has issued a warning over its future sales as restrictions on its activities continue to have a major impact. The London-headquartered business …
House builder blames ‘broken planning system’ and interest rates for loss
In independent house builder has blamed the “broken planning system” and high interest rates putting off first time buyers for it falling into the red. Cheshire-based Eccleston Homes has reported …
Could this be Britain’s most expensive shed?
As we report today, there’s been a nationwide downturn in construction. The issue is especially acute in London – the place housing is needed most – where the number of …
Deliveroo: Earnings shoot up ahead of Doordash acquisition
Deliveroo has announced a boost to its earnings driven by a ‘more resilient than expected’ consumer, although profit has taken a hit ahead of its acquisition by American delivery giant …
Exclusive: British Basketball Federation defends deadline extension for GBBL
The British Basketball Federation says it was “entirely appropriate” to extend the deadline for GBBL, the company which will take over the licence to run the top-tier league next year, …
InsurTech funding slumps despite AI demand
Global funding for InsurTech startups slumped in the second quarter of the year despite demand for AI as companies looked to the tech to help drive efficiencies and process claims. …
LIVE: Bank of England expected to cut interest rates to four per cent
The Bank of England is widely expected to cut interest rates to four per cent later today. Its decision, which will be released at 12pm, will likely highlight the damage …