January 24, 2025

Tag: UK

16% Rise in 2024 Incidents #UKFinance
UK Finance

16% Rise in 2024 Incidents #UKFinance

CashNews.co Published : 10 hours agoon 03/12/2024 LONDON (Reuters) – Britain’s cyber security chief warned on Tuesday of a rise in hostile activity in the country’s cyberspace, with the number of incidents handled by officials rising by 16% in 2024 compared to a year ago. “Hostile activity in UK cyberspace has increased in frequency, sophistication […]

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Bank of Ireland divests Islamic home-finance portfolio to UK fintech Offa #UKFinance
UK Finance

Bank of Ireland divests Islamic home-finance portfolio to UK fintech Offa #UKFinance

CashNews.co Bank of Ireland has completed the sale of its Sharia-compliant home-finance portfolio to Offa, a UK-based fintech company specialising in Islamic property finance. The portfolio, valued at £17m ($21.6m), comprises over 350 home-purchase plans, reported Irish Independent. This move marks a significant transition for customers seeking Sharia-compliant property financing options. The partnership between Bank […]

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Offa acquires Bank of Ireland’s Sharia-compliant finance book #UKFinance
UK Finance

Offa acquires Bank of Ireland’s Sharia-compliant finance book #UKFinance

CashNews.co “It is testament to Offa’s abilities that Bank of Ireland has agreed to sell their Islamic home finance portfolio to us,” said Amir Firdaus (pictured), chief financial officer at Offa. “This marks another chapter in Offa’s ambitious growth plans.” Firdaus added that customers transitioning to Offa will benefit from expanded Sharia-compliant refinancing options and […]

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UK plans defence industrial strategy next year, seeking growth boost #UKFinance
UK Finance

UK plans defence industrial strategy next year, seeking growth boost #UKFinance

CashNews.co LONDON (Reuters) – Britain said it would publish an industrial strategy for defence in late spring 2025, aimed at strengthening the country’s national security, properly equipping its forces and ensuring military-focused companies help drive economic growth. Defence minister John Healey on Monday said the threats facing Britain were growing, given war in Ukraine, conflict […]

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Tesla, BlackRock, Stellantis, Volkswagen and Unilever #UKFinance
UK Finance

Tesla, BlackRock, Stellantis, Volkswagen and Unilever #UKFinance

CashNews.co Shares in electric vehicle (EV) maker Tesla have been on the rise since the US election at the beginning of November, with CEO Elon Musk having been a prominent supporter of president-elect Donald Trump’s campaign. Trump has nominated Musk to co-lead his newly created Department of Government Efficiency, also known as DOGE, as a […]

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Denmark plans to buy majority stake in Copenhagen Airports #UKFinance
UK Finance

Denmark plans to buy majority stake in Copenhagen Airports #UKFinance

CashNews.co COPENHAGEN (Reuters) -Denmark’s finance ministry has reached a conditional agreement with Danish pension fund ATP to buy a further 59.4% of the shares in Copenhagen Airports for around 32 billion Danish crowns ($4.52 billion), boosting the group’s shares. If the deal goes through, the Danish state will own 98.6% of the company, which owns […]

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