67 h. ago Bank of America warns it may cancel accounts that aren’t active

Customers who haven’t logged into their accounts for three years may be impacted

Events

3 d. ago Tariff uncertainty risks ‘significant economic damage’; Thames Water’s finance chief leaving within days – business live

Rolling coverage of the latest economic and financial newsOver in Germany, the number of people out of work has risen at the fastest rate since October of 2024.The German labour office said the number of unemployed increased by 26,000 in seasonally adjusted terms to 2.92 million. Analysts polled by Reuters had expected that figure to rise by 10,000.“March marks the start of the so-called spring recovery on the labour market. This year, however, the economic slump is noticeably slowing it down.”One bright spot was the impressive 1.9% q/q (CE forecast 0.7% q/q) rise in consumers’ real incomes in Q4. The 4.2% rise in 2024 as a whole suggests households experienced the strongest real income growth in nine years.With consumer spending hardly rising, at 12.0% in Q4 (up from 10.3% in Q3), the saving rate remains unusually high, suggesting households are choosing to save rather than spend the bulk of those gains. Continue reading...

Economics

6 d. ago Spring statement latest: Trump tariffs pose major threat to UK economy, warns Bank of England chief

Andrew Bailey speaks ahead of Rachel Reeves’ Spring Statement

Events

1 week ago European stocks drop as investors digest central bank warnings

Another muted day of trading for London’s FTSE 100 saw the index dip 4.67 points, or 0.05%, to close at 8,701.99.

Events

1 week ago ‘Rich pickings’ for savers but concerns for mortgage holders as base rate held

About 1.8 million fixed-rate mortgage deals are due to end or have already ended this year.

Politics

1 week ago What the latest interest rates mean for your mortgage, savings and bills

The base rate has been held after February’s cut - so what’s the day-to-day impact on people?

Economics

1 week ago UK interest rates held at 4.5% as Bank warns over US tariff uncertainty

Eight members of the Bank’s nine-person Monetary Policy Committee voted to keep rates on hold.

Events

1 week ago Fed cuts US growth forecast as Trump’s policies weigh on outlook

Central bank also lifts inflation projection as chair Jay Powell warns of tariff impact

Politics

1 week ago Brussels takes action against Google and Apple under Digital Markets Act – as it happened

Rolling coverage of the latest economic and financial newsIstanbul mayor arrested days before likely presidential nominationIs Trump driving the US into a recession? – in chartsSuperdrug is to open 25 new stores this year in a move that will create around 600 jobs, as the health and beauty retailer said it intends to invest more in beauty treatments and luxury fragrances.The company, which said that investing in larger stores drives its bricks and mortar strategy, currently has 780 shops in the UK and Ireland.“We want everyone who enters Superdrug to feel an elevated customer experience.”Bexhill-on-Sea (East Sussex)Billericay (Essex)Dover (Kent)Droitwich (Worcestershire)Dunstable (Beds)East Grinstead (West Sussex)Holyhead (Isle of Anglesey)Ilkley (West Yorkshire)Larne (Antrim, NI)Maldon (Essex)Morley (West Yorkshire)North Walsham (Norfolk)Redcar (North Yorkshire)Saffron Walden (Essex)St Annes on Sea (Lancashire)Turriff (Aberdeenshire)Uckfield (East Sussex)Urmston (Great Manchester) ...

Politics

1 week ago Brussels takes action against Google and Apple under Digital Markets Act – business live

Rolling coverage of the latest economic and financial newsIstanbul mayor arrested days before likely presidential nominationIs Trump driving the US into a recession? – in chartsSuperdrug is to open 25 new stores this year in a move that will create around 600 jobs, as the health and beauty retailer said it intends to invest more in beauty treatments and luxury fragrances.The company, which said that investing in larger stores drives its bricks and mortar strategy, currently has 780 shops in the UK and Ireland.“We want everyone who enters Superdrug to feel an elevated customer experience.”Bexhill-on-Sea (East Sussex)Billericay (Essex)Dover (Kent)Droitwich (Worcestershire)Dunstable (Beds)East Grinstead (West Sussex)Holyhead (Isle of Anglesey)Ilkley (West Yorkshire)Larne (Antrim, NI)Maldon (Essex)Morley (West Yorkshire)North Walsham (Norfolk)Redcar (North Yorkshire)Saffron Walden (Essex)St Annes on Sea (Lancashire)Turriff (Aberdeenshire)Uckfield (East Sussex)Urmston (Great Manchester) ...

Economics

1 week ago Trump tariffs creating ‘high uncertainty’, Bank of Japan warns; list of 95 Santander branches to close – business live

Rolling coverage of the latest economic and financial news Continue reading...

Events

1 week ago Trump tariffs creating ‘high uncertainty’, Bank of Japan warns; Musk’s X ‘valued at $44bn again’ – business live

Rolling coverage of the latest economic and financial newsSavings and investment firm M&G has warned this morning that it faces uncertain times.In its full year results for 2024, M&G points out that:Increased geopolitical uncertainty and market volatility continue to weigh on client sentiment and pose a significant challenge to financial institutions across the globe.The Company has traded well in the first half and delivered strong profit growth. Like other operators in the sector, we face many cost headwinds that will impact us in the second half, following the recent Budget, notably the increase in national living wage and national insurance from April. We estimate that the annualised impact of these two items is £2.6m, with the incremental costs commencing in April and impacting the final quarter of the 2025 financial year.We plan to mitigate the majority of these costs over the next 18 months through price increases and cost efficiencies. Continue reading...

Economics

2 w. ago Urgent warning as millions of devices are hacked by vicious malware targeting bank cards and passwords

A cyber security expert delivered a stark warning to Apple users amid a new and threatening malware scheme which disguises itself as a fake software update.

Events

2 w. ago Martin Lewis warning for anyone with more than £10,000 in their bank account

The nation's favourite money-saving guru Martin Lewis has debunked a common misconception around savings and tax, after one woman slammed the government for 'double taxing' her

Economics

2 w. ago Trillions of pounds 'languishing' in UK savings accounts experts warn

A ‘giant’ made up two thousand fake bank notes has appeared in London's Canary Wharf – in a warning to Brits

Events

2 w. ago Lagarde says ‘impossible’ for ECB to always guarantee 2% inflation

Potential price pressure from trade war and debt-fuelled borrowing add to uncertainty, warns central bank president

Economics

2 w. ago A ‘giant’ made up two thousand fake bank notes has appeared in Canary Wharf

A ‘giant’ made up two thousand fake bank notes has appeared in Canary Wharf – in a warning to Brits about ‘sleeping savings’.

Politics

3 w. ago Experts warn Americans ‘should bank on’ having more pandemics in the future

It’s been five years since Covid gripped the globe. Experts say the next global pandemic is coming

Events

3 w. ago DWP 'sledgehammer' bank account policy warning for disabled people

Critics of new proposed powers for the DWP warned that it could disproportionately affect those claiming disability benefits

Events

3 w. ago Major bank issues warning over huge surge in driving lesson and test scams

Lloyds is warning learner drivers about a sharp rise in scams targeting learners wanting to book driving lessons and test, with people losing £244 on average.

Events