CashNews.co LONDON (Reuters) – Sterling traders rushed to hedge against big price moves on Wednesday, with just hours to go before Labour finance minister Rachel Reeves’ first budget, while the pound held steady against the dollar and the euro. One-week implied options volatility – a measure of demand to protect against large moves in the […]
CashNews.co Invoice finance company, eCapital Commercial Finance has acquired Optimum SME Finance. David Tilling, CEO of Capital said “We are thrilled to welcome Optimum’s clients and team as part of our ambitious growth strategy. This acquisition broadens our national reach with a new regional presence in Bristol and reinforces our commitment to becoming the premier, […]
CashNews.co Last week’s landmark ruling on the disclosure of car finance commissions was ‘very unexpected’ but is ‘welcomed’, the UK’s leading finance trade body has said. On October 25, the Court of Appeal found in favour of three consumers fighting cases against finance firms Close Brothers, Firstrand Bank and Motonovo. The complainants said they were […]
CashNews.co Car finance companies have been urgently meeting regulators and ministers in a desperate effort to prevent a surprise court decision last Friday leading to a collapse in transactions on the forecourts of Britain. At least three big car finance firms have temporarily halted extending new credit in the wake of an Appeal Court judgment […]
CashNews.co Martin Lewis has informed viewers that all motorists who purchased a vehicle on finance could be eligible for an average payout of £1,100 if an ongoing investigation rules in their favour. The Financial Conduct Authority (FCA) is currently probing the practice where lenders permitted car dealers or those arranging the loan to alter the […]
CashNews.co Women working in senior finance roles are still earning almost 30 per cent less than their male counterparts, a bigger gender pay gap than every other profession other than wall-tilers. Figures from the Office for National Statistics (ONS) show that the average hourly wage for female financial managers and directors is £11.71 less than […]
CashNews.co Investing.comUK finance minister Reeves to hand military $3.9 billion in budget boost, Telegraph reports By Reuters(Reuters) – British finance minister Rachel Reeves will hand the UK government’s armed forces a funding boost of almost 3 billion pounds ($3.90 billion) in….4 hours ago Read More #cashnews #UK #finance
CashNews.co Published : 5 hours agoon 29/10/2024 MADRID (Reuters) – Santander will have cut more than 1,400 jobs from its British business by the time it completes an ongoing cost-cutting round, the Spanish bank’s CEO Hector Grisi said on Tuesday. Grisi did not give an exact timeline of when the previously announced round of lay-offs […]
CashNews.co By William Schomberg LONDON (Reuters) – Britain’s new finance minister Rachel Reeves will announce what may be the biggest tax hikes in three decades on Wednesday in a bid to fix the country’s sagging public services, alongside billions of pounds of extra borrowing to overhaul the economy. The Labour government is betting that its […]
CashNews.co In Britain, fear of a dystopian surveillance state has resulted in resistance towards identity cards. Legal entity identifiers (LEIs) harbour similar paranoia. But LEIs could make British trade finance more accessible, secure, accurate, and transparent. The issue of personal identity (ID) cards in the UK has been contentious for many years. Their purpose was […]