CashNews.co The UK market recently faced challenges, with the FTSE 100 and FTSE 250 indices slipping due to weaker trade data from China, highlighting global economic uncertainties. In such a climate, investors often look for opportunities in smaller companies that can offer potential growth and value. Penny stocks, though an older term, still represent a […]
Households spend 75p an hour running one appliance – cut that to 6p | Personal Finance | Finance #UKFinance
CashNews.co Gas and electricity bills jumped 10% from October 1 after regulator Ofgem hiked the energy cap to £1,717 a year, and they look set to jump again in January. This is a further blow to millions of pensioners who have been stripped of their Winter Fuel Payment by Labour. A cold and snowy winter […]
HSBC Revamps Premier Brand for UK Mass Affluent #UKFinance
CashNews.co Published : 14 hours agoon 20/11/2024 By Lawrence White LONDON (Reuters) – HSBC is relaunching its ‘Premier’ wealth banking brand in Britain, targeting so-called mass affluent customers who have between 100,000 and 2 million pounds ($2.5 million) to invest. Jose Carvalho, HSBC UK’s head of wealth and personal banking, told Reuters that its fee-free […]
UK Financial Conduct Authority, Blasted for Its Heavy Hand, Plots New Strategy #UKFinance
CashNews.co The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatleywhose zeal for fining banks got him ousted in 2015. Now, top executives at the Financial Conduct Authority are trying to rewrite the script by devising […]
Santander suffers £295m hit from car finance scandal #UKFinance
CashNews.co Santander said the £295m “includes estimates for operational and legal costs and potential awards, based on various scenarios using a range of assumptions”. It added: “There are currently significant uncertainties as to the nature, extent and timing of any remediation action if required, and the ultimate financial impact could be materially higher or lower […]
Lottery most overdue numbers – including one that’s been drawn once | Personal Finance | Finance #UKFinance
CashNews.co Winning the lottery is a ‘plan B’ for millions of Britons, but due to its random nature, it can seem like there are few ways to gain an advantage. Some players may choose numbers that frequently appear, but new statistics reveal which numbers have been absent for a while and might be due. Lottomart […]
UK house prices rise at faster pace #UKFinance
CashNews.co UK house prices rose 2.9% in the year to September, according to the latest data from the Office for National Statistics (ONS). This marks a faster pace from the 2.7% annual growth recorded in August, with the average home now valued at £292,000. Regionally, house price growth varied. In England, the average property price […]
Accused of Going Too Far, UK Finance Regulator Plots Where to Go Next #UKFinance
CashNews.co The UK’s top financial regulator has spent much of its eleven-year history in combat with the industry it oversees, a tone set by its first chief executive Martin Wheatley, whose zeal for fining banks got him ousted in 2015. Now, top executives at the Financial Conduct Authority are trying to rewrite the script by […]
Wells Fargo Raises Price Target to $160 on AI Server Momentum and PC Growth Outlook #UKFinance
CashNews.co We recently compiled a list of the 15 AI News Updates You Might Have Missed. In this article, we are going to take a look at where Dell Technologies Inc. (NYSE:DELL) stands against the other AI stocks you might have recently missed. Artificial intelligence has been making headlines even at political summits. For example, […]
Why international finance centres are vital for boosting foreign investment into the UK #UKFinance
CashNews.co One of the newly elected Labour Government’s key manifesto chapters is titled ‘kickstart economic growth.’ Among initiatives such as the establishment of a National Wealth Fund and making Britain a ‘clean energy superpower,’ the Labour manifesto highlights a ‘strategic partnership with business.’ As its external connections and position in the global economy undergoes change, […]