Barclays has shown promising signs of progress in its ambitious turnaround efforts, with quarterly profits falling less than anticipated by the markets. Coimbatore Sundararajan Venkatakrishnan, known as Venkat, Barclays’ CEO, has been working to address years of underperformance in the stock market, and the recent results suggest that the bank’s overhaul strategy is beginning to […]
Shoplifting incidents reported to the police have surged to their highest level in at least two decades, according to recent data from the Office for National Statistics (ONS). Last year, a staggering 430,104 shoplifting offences were recorded in England and Wales, marking a significant 37% increase from the previous 12 months. This figure represents the […]
Labour has announced its intention to renationalise most passenger rail services within five years if elected, aiming to bring them under public control as contracts expire. Despite this move towards nationalisation, the party asserts that there will still be a place for the private sector in the rail industry. Among Labour’s railway pledges are commitments […]
John Barnes, the former England footballer, has been barred from serving as a company director due to unpaid taxes amounting to over £190,000 after his media firm, which provided media representation services, failed to pay taxes on income exceeding £400,000. Barnes, renowned for his football career with 79 caps for England and stints at prestigious […]
Rachel Reeves, the shadow chancellor, has pledged that a future Labour government will adopt a more pro-business stance than Tony Blair’s administration. Speaking to The Times, Reeves outlined Labour’s ambition to position the UK as the fastest-growing economy in the G7, aiming to secure £22 billion of private sector investment in green energy initiatives. Reeves […]
In a flavorful victory, Innovative Bites Ltd, a food company, has emerged triumphant against the UK tax authorities, securing a ruling that exempts its “Mega Marshmallows” from VAT due to their classification as cooking ingredients rather than confectionery. HM Revenue and Customs (HMRC) had appealed a 2022 decision by the first-tier tribunal (FTT), which had […]
The US Senate has passed a bill that could result in TikTok being banned in America due to national security concerns. Under the legislation, TikTok’s Chinese parent company, ByteDance, has nine months to divest its stake, or the app will be prohibited in the United States. The bill will now be forwarded to US President […]
Lloyds Banking Group, the UK’s largest domestic lender, reported a significant decline in profits for the first quarter of the year, largely attributed to intensified competition in the deposits and mortgages market. The FTSE 100 bank disclosed that its pre-tax profits for the first quarter plummeted by 28 per cent to £1.63 billion, down from […]
Britons’ love affair with chocolate and penchant for seeking out discounts have played pivotal roles in driving down grocery price inflation for the fourteenth consecutive month, according to new figures from Kantar. The latest data reveals a notable shift in consumer spending habits, with a “significant” increase in discount purchases accounting for 29.3% of supermarket […]
Barclays Eagle Labs’ accelerator scheme is catalysing a tech revolution beyond London’s borders, with a surge in support for start-ups led by women or ethnic minority entrepreneurs under its revamped £12 million government-backed initiative. In its inaugural year, the programme showcased impressive statistics: 74% of the 1,681 tech start-ups enrolled hailed from regions outside the […]