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Headline – Financial News
WEBNext profit climbs to record high. High street clothing and homeware retailer Next has reported 5% growth in profit for the 12 months to the end of January 2024, to a record £918m. This is £3m ...
£100m funding launched to drive transition to zero emission buses
WEBApr 8, 2024 · The partners have committed to an initial £100m in funding, and said they aimed to “crowd in” further private capital to reduce the reliance on public money to support the transition. A deal ...
How Is The UK FinTech Regulatory Landscape Developing In 2023?
WEBMay 5, 2023 · Financial technology, simply known as FinTech, is one of the most rapidly growing industries in the United Kingdom. With approximately 1.600 firms active in the sector and about 10% of global ...
Half a million UK firms struggling – Financial News
WEBApr 26, 2024 · The number UK businesses fighting for survival has increased in the past year, according to insolvency firm Begbies Traynor. A total of 554,554 firms — across all major sectors — were classed ...
Banking And Finance – Financial News
WEBUK credit card debt up 9.7%. The amount owed on UK credit cards increased last year as household finances came under pressure from high inflation. Outstanding balances on credit card accounts grew ...
Rising living costs squeeze UK households’ financial wellbeing
WEBJan 12, 2022 · UK household finances took a hit in the fourth quarter of 2021, according to a new report. A quarterly index compiled by Scottish Widows shows the fastest fall in UK household financial wellbeing ...
UK consumer confidence climbs to highest level in two years
WEBJan 26, 2024 · UK consumers are feeling more confident about the economy as inflation comes down from its peak. January figures for market research firm GfK’s long-running Consumer Confidence Index show the ...
Critical financial distress among UK firms up by a quarter
WEBJan 22, 2024 · More than 47,000 firms have started 2024 on the edge of collapse, according to a new report. Data compiled by accountancy firm Begbies Traynor revealed that 47,477 UK businesses were classed as ...
Consumer spending fails to keep pace with inflation
WEBJan 10, 2023 · In the five weeks from 27 November to 31 December 2022 UK retail spending increased by 6.9%, compared with an increase of 2.1% in December 2021. However, this is well short of inflation, which ...
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