Popular UK chicken chain files for bankruptcy
A major UK chicken restaurant chain has filed for bankruptcy, sending shockwaves through the competitive fast-food sector. Here's how it could affect your favourite meals.
Category : Search result: financial sector updates
UK GDP grows 0.4% in Q2 2024
The UK economy expanded by 0.4% in the second quarter of 2024, marking a modest recovery after earlier stagnation. Key sectors like services and production drove growth, though challenges remain.
CBA posts record $10.2bn cash profit
Australia's largest lender, Commonwealth Bank, posts a historic $10.2bn cash profit amid rising interest rates, sparking debate over banking sector accountability.
FCA warns of rising financial scams in UK
The Financial Conduct Authority (FCA) has issued a stark warning about increasing financial scams targeting UK consumers. Learn how to spot and avoid these fraudulent schemes.
Citizens Advice Calls for FOS Reform Amid Delays
Citizens Advice urges an overhaul of the Financial Ombudsman Service, citing delays and inefficiencies as consumer complaints surge.
BP cuts costs amid profit rise and dividend boost
BP reveals strategic cost reductions while increasing shareholder dividends, as the energy giant navigates market volatility and shifting consumer demands.
FCA cracks down on misleading financial promotions
The Financial Conduct Authority (FCA) has issued new warnings to financial firms over misleading promotions, with 450 alerts issued in just three months. Learn how this affects consumers and firms.
KPMG UK Faces Backlash Over Bank Remarks
KPMG UK has come under fire after a senior executive made contentious remarks about banks, sparking outrage and calls for accountability. Here’s the full story.
Supreme Court backs FCA in financial promotions case
The UK Supreme Court has ruled in favour of the Financial Conduct Authority in a high-profile case against legal firms over unauthorised financial promotions.
Supreme Court limits Financial Ombudsman powers
The UK Supreme Court has overturned a Court of Appeal decision, limiting the Financial Ombudsman Service's powers in a major ruling affecting financial disputes.
Supreme Court rules in favour of financial watchdog FCA
The UK Supreme Court has ruled in favour of the Financial Conduct Authority (FCA) in a high-profile case, reinforcing its regulatory powers over financial disputes.
Supreme Court upholds FCA powers in landmark case
The UK Supreme Court has ruled in favour of the Financial Conduct Authority (FCA) in a high-profile case, reinforcing its regulatory powers over financial disputes.
FTSE 100 Rallies Amid Economic Optimism
The FTSE 100 surged as investors welcomed positive economic signals. Discover the latest market movements and key stock performances.
HSBC Canada CEO resigns amid strategic changes
HSBC Canada's CEO Dave Clark steps down as the bank navigates strategic changes and economic turbulence in Argentina, with leadership passing to Linda Seymour.
Labour warned against banking-led growth strategy
As Labour aims to revitalise the UK economy, experts caution against over-reliance on the City of London, urging a more balanced approach to sustainable growth.
Goldman Sachs shifts from London to EU post-Brexit
Goldman Sachs is relocating key operations from London to the EU following Brexit, signalling a broader trend of financial sector migration and its impact on the UK economy.
FCA warns banks and insurers over customer protection
The Financial Conduct Authority has issued a stark warning to banks and insurers, demanding immediate improvements in how they treat vulnerable customers and handle complaints.
Report: UK water sector needs urgent reform
A new report highlights the urgent need for reform in the UK's water industry, criticising excessive bureaucracy and calling for practical solutions.
Cunliffe review calls for urgent water sector reforms
A damning review by Jon Cunliffe highlights systemic failures in England and Wales' water sector, urging Ofwat to implement sweeping reforms to protect consumers and the environment.
Prax Lindsey Oil Refinery to Close, 300 Jobs Lost
The Prax Lindsey oil refinery in Lincolnshire is set to close, leaving hundreds of workers facing redundancy. The decision has sparked concerns over local employment and energy security.
Govt targets NHS 'golden goodbyes' for failing bosses
Ministers announce new rules to prevent NHS executives from receiving hefty payouts after poor performance, aiming to boost accountability and public trust.
UK Replaces Ofwat with New Water Regulator
The UK government is set to replace Ofwat with a new, more robust water regulator in a bid to overhaul the struggling sector and ensure better service for consumers.
Water Commission demands Ofwat reform
The Independent Water Commission has urged a major overhaul of Ofwat, proposing an integrated regulator to address systemic issues in the water sector.
Ofwat overhaul: New water ombudsman for England & Wales
The UK government announces sweeping reforms to Ofwat, introducing a new water ombudsman to handle rising consumer complaints and improve accountability in the water sector.
Exxon blocks Chevron's $53bn Hess oil deal
ExxonMobil and China's CNOOC have filed arbitration claims to block Chevron's $53bn acquisition of Hess, setting the stage for a fierce legal battle over Guyana's lucrative oil fields.
Banker sacked after affair with junior colleague
A married city banker was dismissed after a brief affair with a junior colleague, with the tribunal hearing shocking claims about his reaction upon learning his wife was pregnant.
Barclays fined £42m over financial risk mishandling
Barclays faces a hefty £42m penalty from UK regulators for failing to manage financial risks effectively. Discover the details behind the fine and its implications.
Reeves outlines Labour's economic vision at Mansion House
Shadow Chancellor Rachel Reeves outlines Labour's economic strategy to revitalise Britain's financial sector, promising stability and growth in a major speech to City leaders.
Banned Adviser Misled Retirees to Invest in Guardian Super
A banned financial adviser in Australia convinced retirees to invest their life savings in Guardian Super, likening himself to a 'personal trainer' for finances. The scandal has raised serious concerns about financial advice regulations.
Money Dysmorphia: The Hidden Financial Crisis
A growing number of young adults are struggling with 'money dysmorphia', a psychological condition leading to overspending and financial insecurity. Experts reveal the causes and solutions.
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