Andrew Bailey has vowed to lead the Bank of England for four more years, defying a string of calls from critics to resign. The Governor has faced accusations of being too slow to raise interest rates to curb runaway inflation – and then erring in the opposite direction by keeping …
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By John Abiona Updated: 16:50 EDT, 2 August 2024 Ploughing savers’ money into British infrastructure and private equity risks undermining the primary role of pensions, a major mutual insurer has warned. Barry O’Dwyer, chief executive of Royal London, said he is ‘nervous’ about Labour’s proposal to shake-up the pensions industry. …
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By Alex Brummer for the Daily Mail Updated: 16:50 EDT, 2 August 2024 Scrutiny: Czech billionaire Daniel Kretinsky Keir Starmer is not known for loose language. So it was fascinating to hear him cautioning against ‘flogging off’ vital assets when unveiling plans to make Britain a green energy powerhouse. The Prime …
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By City & Finance Reporter Updated: 16:50 EDT, 28 July 2024 Delivery giant Evri is planning to hire 9,000 new staff just days after announcing new private equity owners. The British parcel company wants to expand its team of couriers and warehouse staff amid ballooning demand for its services. It …
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Offer may undervalue service if changes to Universal Service Obligation made This guarantees deliveries made six days a week across UK at a fixed price Removing Monday-to-Saturday obligation could generate extra £300m By Alex Brummer Updated: 16:51 EDT, 27 July 2024 Big City investors speaking for more than a fifth …
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By John Abiona Updated: 09:26 EDT, 26 July 2024 Shares in the owner of British Gas fell by almost 10pc despite the London stock market bouncing back following a tech stock meltdown on Wall Street. Centrica plunged 9.9pc, or 14.2p, to 128.85p after first-half profits halved – though it still …
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FCA is introducing new rules to protect access to cash Banks and building societies will have to assess gaps in local access to cash Some 3m people rely on cash FCA says By Helen Kirrane Updated: 02:49 EDT, 24 July 2024 New rules for banks and building societies to protect …
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By Maggie Pagano Updated: 03:47 EDT, 23 July 2024 President Macron must be gnashing his teeth. One of France’s most influential and colourful media tycoons, Vincent Bollore, has chosen the London Stock Exchange to list his global TV arm, Canal+, rather than stay in Paris. It’s a great coup for …
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By John-Paul Ford Rojas Updated: 03:44 EDT, 23 July 2024 Labour will ‘call in’ the £3.6bn takeover of Royal Mail by a billionaire dubbed the Czech Sphinx, the Business Secretary said yesterday. Jonathan Reynolds said he has no objection in principle to the postal service having an overseas owner but …
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Foat has taken a leave of absence on full pay from his role It comes as investigation into miscarriage of justice enters final phase Post Office prosecuted hundreds of innocent post-masters and post-mistresses By Patrick Tooher Updated: 16:50 EDT, 20 July 2024 The Post Office has plunged into more turmoil …
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