Finance

551
Bank of England policymaker Catherine Mann warns overseas investors could destabilise gilt market
Catherine Mann said overseas investors are playing a ‘particularly large role’ in buying gilts.
691
University of Nottingham puts 2,700 staff at risk as deep financial cuts threaten 600 jobs
Thousands of staff at the University of Nottingham have been informed to prepare for redundancy as part of extensive financial cuts that academics warn will damage the institution’s future.
657
UK bakery giant Greggs lifts prices again as Middle East conflict drives cost concerns
Greggs has announced that its meal deals have increased in price again as the bakery chain attracts health-conscious and younger customers with new menu options.
544
Elite Edinburgh goes under the hammer: a third of flats in prestigious Quartermile bought up by foreign owners
Edinburgh’s Quartermile district is wedged between the city’s historic Old Town and The Meadows, one of the city’s most popular parks.
783
French regulator blacklists Altior Capital over unauthorized financial services
As per AMF’s Altior Capital blacklist entry, the company “offers financial services or products without being authorized”.
826
Whitbread to cut 3,800 jobs as it overhauls Premier Inn restaurants
The owner of Premier Inn is set to cut 3,800 jobs in the UK and Ireland as part of a five-year plan to save £250m and revamp its restaurants.
825
British ad firm’s billion-dollar greenwash of US oil industry
A British advertising conglomerate has assisted oil companies ExxonMobil, Chevron, Shell, and BP in spending an estimated $1.5bn (£1.1bn) on advertisements in the US since the 2015 Paris agreement to combat the climate crisis, a report shows.
803
Bank of London parent Oplyse Holdings posts £46.9m loss as Mandelson-linked fintech scandal deepens
The parent company of The Bank of London has reported another significant loss in recently delayed accounts for the second year in a row.
682
UK businesses urge Keir Starmer to deploy EU-style ‘trade bazooka’ against Donald Trump tariff threats
UK business leaders have urged the government to create an EU-style “trade bazooka” to safeguard Britain’s economic interests in response to Donald Trump’s latest tariff threats.
499
One of UK’s largest used car dealers Cargiant to shut after 50 years, putting 500 jobs at risk
One of Britain’s largest used car dealerships is set to close its doors on Friday, putting hundreds of jobs at risk and marking the end of an era for the UK motor trade.
817
RBS banker jailed after stealing £274k from struggling clients in bribery scandal
A Royal Bank of Scotland manager who stole nearly £250,000 from his customers has been jailed.
772
Pension funds pour £8bn into US gas terminals accused of driving climate damage and health risks
Trump’s war in Iran has boosted the fortunes of US gas companies – and UK savers are unwittingly bankrolling their expansion.
632
“Calamity coming”: Reeves trapped as borrowing surges and growth stalls
The Chancellor has left the nation completely unprepared for the unfolding disaster.
595
‘Critical diplomatic moment’ as Iran truce deadline nears, warns Cooper
Foreign Secretary Yvette Cooper has said “a critical diplomatic moment” is approaching as the end of a two-week US-Iran ceasefire draws near.
662
UK economy on brink as Iran blocks Strait of Hormuz and energy prices surge
Two reports from top accounting firms suggest the economy is on the brink as gas and oil prices surge following Tehran’s blockade on the Strait of Hormuz.
591
Downing street pushes for closer EU ties amid global trade and security pressures
Downing Street is striving to secure agreements on steel and electric cars with the EU as it aims to strengthen the post-Brexit economic relationship.
554
The UK economy grew by 0.5% in February prior to the chaos of the Iran war
The UK economy grew by a surprising 0.5% in February - but this was before the full impact of the Middle East war.
544
Chocolate giant Ferrero hit by EU raids in widening antitrust crackdown
Nutella maker Ferrero has been raided by EU officials as part of an investigation into possible uncompetitive practices.
626
Rolls-Royce SMR receives £599m boost to advance UK small modular reactor plans
Rachel Reeves’ flagship wealth fund has announced a new round of financing for Rolls-Royce SMR following its partnership with Ed Miliband’s state-owned energy company.
605
Apple UK revenue nears £5bn as iPhone demand drives growth
Apple UK racked up just shy of £5bn in turnover last year, as strong iPhone demand helped power growth across its British operations, according to newly filed accounts.
658
UK education scandal: 22,000 students face loss of financial support
More than 20,000 students have been informed they must repay university maintenance loans and grants after reportedly receiving them in error.
676
The UK completes US pharmaceutical deal allowing tariff-free access for British medicines
Britain has finalized a U.S.-UK pharmaceutical trade deal, granting tariff-free access for UK-made medicines to the United States in exchange for paying higher prices for new U.S. medicines.
608
Investor confidence wavers as Blue Owl Capital blocks withdrawals amid $5.4bn redemption surge in credit funds
A prominent private credit investment firm, Blue Owl Capital, has set a limit on withdrawals after investors attempted to withdraw $5.4 billion from two major funds, highlighting the latest indication of diminishing confidence in the unregulated lending market.
556
Scotland faces fuel crisis as stations run dry ahead of Easter weekend amid soaring prices
Petrol stations across Scotland have been forced to close today after running out of fuel ahead of the Easter weekend amid soaring prices.
705
$3.55 trillion is hidden as the global super-rich keep their wealth beyond the reach of tax authorities.
According to estimates from Oxfam, the global super-rich may have as much as $3.55 trillion hidden from tax authorities.