The Financial Conduct Authority (FCA) has fined Cyprus-based trading broker Forex TB (FXTB) Limited £276,100 for treating customers unfairly and providing unauthorised investment advice. The City watchdog said it would …
Investing
Leeds-upon-Thames? How the West Yorkshire heartland is luring British institutions away from London
Over the past few years Leeds has emerged as a go-to destination for British institutions looking to venture beyond the M25. Since 2018 Channel 4, the Bank of England, the …
LG Electronics: UK sales suffer almost £100m fall as Samsung rivalry heats up
Sales at the UK arm of LG Electronics have been slashed by almost £100m after it lost market share and Samsung stepped up its competition. The Surrey-headquartered division has reported …
Ultimate Products: Russell Hobbs seller hit by rising shipping costs and weak demand
Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip amid soaring shipping costs and …
AI-powered semi-automated VAR set for Premier League debut
The Premier League will partner with Genius Sports Limited to produce AI-powered semi-automatic VAR for the 2024/25 season, it was announced this morning. VAR faced serious backlash last season with …
Secure Trust Bank upgrades cost-cutting target as regulator review weighs on earnings
Secure Trust Bank has raised its cost-cutting target, while a review by City regulator affecting its vehicle finance arm weighed on the firm’s earnings in the first half of 2024. …
Glass half empty: Distil searches for a loan as spirits firm’s revenue halves
Spirits firm Distil has reported a steep drop in revenue in light of inflation, cost-of-living pressures and a significant hike in alcohol duty. The AIM-listed firm, which owns brands including …
Carpetright owed almost £350m when it collapsed into administration
Carpetright owed almost £350m when it collapsed into administration with the loss of more than 1,500 jobs before being rescued, it has been revealed. The Essex-headquartered carpet and tiling retailer …
UBS profit smashes analyst estimates as it steps up Credit Suisse integration
Swiss banking titan UBS has reported a profit well ahead of analysts’ forecasts for the three months to June as it steps up its integration of fallen rival Credit Suisse. …
Aviva: Profit and sales jump at FTSE 100 giant as UK premiums surge
Insurance giant Aviva has reported a increase in operating profit and hiked its dividend amid a jump in insurance premiums for the first half of its 2024 financial year. The …