The UK, a nation steeped in history and culture, is also renowned for its safety. But with cities growing and lifestyles changing, the question of where to find the safest havens becomes increasingly important. Let’s dive into some of the UK’s most secure and serene spots. When we talk about safety, it’s not just about […] More
NatWest announced the acquisition of a portion of Metro Bank’s residential mortgage portfolio, coinciding with its stronger-than-expected first-half performance. The FTSE 100 bank reported a pretax operating profit of £3 billion for the first six months of the year, down from £3.6 billion last year but surpassing analysts’ expectations of £2.6 billion. The decline was […] More
In a recent update on its fuel market oversight, the Competition and Markets Authority (CMA) reported that the inflated retail fuel margins since 2019 have cost motorists more than £1.6 billion in 2023. Last year, the CMA discovered that drivers had been overcharged by £900 million at supermarket fuel stations alone in 2022. The CMA […] More
Sky News has learned that Apollo has outbid competitors, including JD.com and DHL, to acquire parcel delivery giant Evri. According to banking sources, the deal could be announced as early as Thursday afternoon. Apollo’s agreement to purchase Evri, which delivers over 700 million parcels annually, addresses the more complex antitrust implications that a sale to […] More
The government plans to use British seabed owned by the Crown Estate to develop wind farms, aiming to power 20 million homes. This marks the first major initiative by Great British Energy, the new government company dedicated to increasing renewable energy, which will receive £8.3bn in state funding over the next five years. Energy Secretary […] More
British regulators fined Coinbase’s UK arm £3.5 million ($4.5 million) on Thursday for violating a voluntary agreement intended to prevent the cryptocurrency exchange from onboarding “high-risk customers.” Coinbase Global shares were down nearly 2% in U.S. premarket trading. CB Payments Limited (CBPL), part of the Coinbase Group, operates a global crypto trading platform. In October […] More
UK stocks hit a three-month low after a major sell-off in US tech shares triggered a global market plunge. The FTSE 100 fell by 0.8%, while the FTSE 250 dropped 1.1% as trading opened, following a sell-off sparked by declining profits at Tesla, the world’s largest electric car maker. US stock markets experienced their worst […] More
Revolut has announced that it has secured a UK banking licence, concluding a regulatory process that spanned over three years and providing a significant boost to the fintech’s expansion plans in its home market. The London-based company revealed on Thursday that it received the licence from the Prudential Regulation Authority (PRA), which had initially received […] More
The partnership aims to lease up to 30 gigawatts of new offshore wind projects by 2030, potentially providing power for nearly 20 million homes. According to the government, this initiative could attract up to £60 billion in private investment into the nation’s energy infrastructure. Officials are optimistic that this will contribute to lowering domestic energy […] More
Global financial markets in both the US and Asia have seen significant declines as investors pull back from technology stocks, with AI-related shares experiencing substantial losses. In Wednesday’s trading in New York, the S&P 500 fell by 2.3%, and the tech-centric Nasdaq dropped by 3.6%, marking their largest one-day declines since 2022. The Dow Jones […] More