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Evening Standard
Barclays faces £50m fine for ‘reckless’ failures over Qatari funding
Banking giant Barclays has been hit with a £50 million fine from the UK’s financial watchdog over failures to disclose arrangements with Qatari investors when it raised funds during the 2008 financial crash.The Financial Conduct Authority (FCA) said Barclays’ conduct at the time was “reckless and lacked integrity”.Barclays paid one Qatari entity £322 million in …
Business
Evening Standard
IHG bemoans recruitment crisis among hotel staff
Hotel giant IHG said the acute recruitment crisis remained one of its biggest challenges with no sign the jobs market will get any easier soon.Hospitality businesses throughout the UK — but also in Europe and America — have struggling to fill roles since the end of the pandemic. The situation has been worsened in Britain …
Business
Business Live
Bristol clean air zone financial assistance scheme announced
A financial assistance scheme to help businesses and individuals in Bristol impacted by the introduction of the clean air zone (CAZ) has been announced. Bristol City Council has appointed Anglo Scottish Asset Finance, an asset finance broker, to deliver the scheme, which will provide support in the form of grants and/or financing to help reduce …
Business
Business Live
Belfast student accommodation block proposed for “sensitive” location
Belfast councillors are to make a site visit to the city centre location earmarked for what could be the largest student accommodation project ever seen in the city. The proposals, which have been brought forward by Mandeville Developments NI, would see 862 units constructed close to Ulster University’s campus on York Street. The development site …
Business
Business Live
Northern Ireland job market remains tight with vacancy numbers rising
The Northern Ireland jobs market shows few signs of weakening despite an easing economic picture. That’s according to the latest report from local jobs portal NIJobs.com which showed that local employers are still actively hiring and vacancies continue to climb. Using data from its own website, it said the number of jobs rose 6% in …
Business
Evening Standard
Wickes says falling timber prices ease price inflation at DIY chain
Wickes, the home improvement chain, raised some hope today that the rate of cost inflation in the building trade is showing signs of having peaked.The 230-store chain said cheaper timber in the third quarter meant “there has been some moderation in the rate of retail price inflation” since the first half, as sales from its …
Business
Sky News
Barclays to be fined over ‘reckless’ financial crisis fundraising
The City regulator has revealed plans to fine Barclays £50m for alleged “reckless” conduct in relation to its 2008 financial crisis fundraising.The Financial Conduct Authority (FCA) said the penalty relates to a failure to disclose “certain arrangements” made with Qatari entities during the deals. The fundraising ultimately averted any need for the bank to seek …
Business
Evening Standard
Retail sales fall more than expected after Queen’s funeral
High streets and supermarkets witnessed another sales slump last month as shops were knocked by customers’ continued cost-of-living concerns and closures for the Queen’s state funeral.The Office for National Statistics (ONS) revealed that UK retail sales volumes declined by 1.4% last month.It came after a 1.7% decline in August.However, it was notably worse than expected, …
Business
Evening Standard
Chancellor to do ‘whatever necessary’ to bring down debt as borrowing swells
The Chancellor has vowed to do “whatever necessary” to drag Government debt lower after official figures revealed that borrowing swelled to £20 billion in September.The Office for National Statistics (ONS) reported that a jump in debt interest grew borrowing beyond the expectations of economists, laying bare the challenge facing the Chancellor and new Prime Minister …
Press Release
Pressat
New short film shows how Loop charity is reimagining humanitarian accountability.
Imagine a social media platform that is focused only on helping people. A place where anybody can speak to people around the world in their own language, to give feedback on humanitarian aid.That’s the theme of a new short film called IMAGINE from technology-based charity Loop, which is premiered today on YouTube.Loop has developed an online platform which …
Business
Sky News
Pound hit as government borrowing leaps and retail sales drop by much more than expected
The latest official data on the state of the public finances and consumer spending makes for grim reading as the country awaits its next leader, with financial markets reflecting renewed jitters over the economy.The Office for National Statistics (ONS) reported that public sector net borrowing came in at £20bn last month – £3bn more than …
Business
Sky News
Six in 10 adults struggling to keep up with their bills
Almost six in 10 UK adults are struggling to keep up with their bills, according to new research from the City regulator.The Financial Conduct Authority (FCA) estimated that 7.8 million people were struggling to keep up with their bills – an increase of around 2.5 million people since 2020 – when around 5.3 million people …

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