The State Bank of India (UK) has raised the interest rates on its range of products after the announcement by the Bank of England to increase the base rate. The rate of increase is from 35bps to 100bps. The new rates are effective from 22 June...
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4th Jul 2022 | Updated at 10:51am 4th Jul 2022
Tata sets up UK’s largest carbon capture plant
Tata Chemicals Europe has officially opened the UK's largest carbon capture plant at Northwich in a £20 million investment, including £4 million from the government.
AIP takes control of Gupta’s aluminium mill
Gupta’s metals group GFG Alliance, which is the subject of criminal investigations into alleged fraud and money laundering in the UK and France, has been battling to refinance more than $5billion of debt after the collapse of its main lender...
The Lloyds Bank has warned its customers to stay alert over rise in purchase scams, notably through fake adverts. As per the Lloyds’ data, reports of purchase scams which involve shoes and trainers have more than doubled so far this year.
Mastercard and Visa process about 99 per cent of debit and credit card payments in the UK, by volume and value.
Amid mounting concern about wage awards fuelling inflation, ministers have been given the message that there will be “no new money” for pay rises, meaning that any extra funding will have to be found through spending cuts or underspending.
An industry survey showed that British economy is showing signs of thwarting as high inflection hits new orders and businesses report levels of concern that normally signal a recession. Meanwhile, the S&P Global Purchasing Manger Index (PMI),...
Driven by rising food and petrol prices, putting further pressure on the Bank of England to take bold action, the consumer prices index (CPI) rose 9.1 per cent in May compared with the same period last year, the highest since 1982 and up from...
Tata Chemicals Europe has officially opened the UK's largest carbon capture plant at Northwich in a £20 million investment, including £4 million from the...
British Prime Minister Boris Johnson reiterated the Diwali timeline for a draft India-United Kingdom free trade agreement (FTA), declaring that the proposed trade deal with New Delhi would be the biggest yet in the post-Brexit context.
BNP Paribas officials told the Dutch government that they are interested in buying state-owned lender ABN Amro. The first major cross-border deal with the combination of France’s biggest bank by market capitalisation and the third-largest bank...
Starling Bank, a start-up, founded by Anne Boden in 2014, has agreed to acquire a mortgage book worth about £500mn as the digital challenger attempts to broaden its assets beyond Covid-19 loans. It is buying the loan portfolio from specialist...
