Following the Bank of England’s recent base rate reduction to 4.25%, banks have swiftly adjusted their savings account offerings. A comprehensive analysis reveals that numerous savings accounts, including those from Monzo, Chase, Chip, and Plum, have seen their interest rates diminished or completely withdrawn in the days after the decision. […]
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Despite a substantial cyberattack, Marks & Spencer (M&S) has increased its dividend payout. Chief Executive Officer Stuart Machin characterized the incident as a minor disruption in the company’s ongoing revitalization. This M&S dividend increase and the discussion around the cyber security breach highlight the retailer’s financial resilience and commitment to […]
A new ‘universal’ smartphone app aims to streamline parking payments, offering drivers a more convenient way to pay at various car parks. This new platform is designed to simplify the payment process, addressing issues related to inconsistent rules and cumbersome user experiences associated with existing parking apps. Universal Parking App […]
British shoppers will soon see the return of Comet, the well-known electronics retailer, as it’s being revamped online by OnBuy, a London-based e-commerce marketplace. OnBuy’s acquisition seeks to revive the brand within the competitive UK electricals market. Comet’s Online Relaunch with OnBuy OnBuy is investing £10 million to revitalize the […]
Entrepreneurs Jane Barker and Simon Bland, renowned for their Chelsea Flower Show gold medals, are dedicated to ecological advancement. Their flagship brand, Dalefoot Composts, offers an organic, peat-free compost blend highly prized by gardeners. They are also devoted to revitalizing damaged peat bogs for carbon sequestration and breeding rare ewes. […]
In a bid to attract affluent clientele, Lloyds Bank has introduced a new Premier current account, boasting a collection of benefits valued at £100 each month. This enhanced account targets individuals with substantial income, savings, or investments, intensifying competition among financial institutions like Barclays, HSBC, and NatWest, all vying for […]
Shoe Zone experienced a significant downturn, with shares plummeting over 20% on Wednesday after the company reported substantial losses for the first half of the year. The footwear retailer, which had previously issued a profit warning in December, cited ongoing challenges in trading due to persistently low consumer confidence. Shoe […]
Bloomberg Terminal Faces Disruption, Impacting Government Bond Sales A recent outage of the Bloomberg Terminal, a vital tool for financial professionals, has triggered disruptions across several government bond sales and impeded customer operations. Traders reported widespread issues, underscoring the reliance on this system for real-time market data. Widespread Technical Difficulties […]