It is now three months since Boris Johnson declared that his Brexit deal would be unalloyed good news for UK businesses and consumers alike. But the true picture is graphically illustrated by a new survey of 125 UK and Dutch firms that do business between the two old and close trading nations. Whether it be trade in...
British online car retailer Cazoo will make its stock market debut in New York though a special-purpose acquisition company (Spac), after agreeing to a merger deal that values the company at $7bn (£5bn). Cazoo is set to merge with Ajax I, led by the billionaire US investor Dan Och, making it the latest company to take advantage...
PensionBee, an online pension provider, has become the latest company to announce plans to float on the London Stock Exchange, with an estimated market value of £350m. The firm, which helps savers consolidate their old pensions into one new plan, aims to sell shares to institutional investors as well as its 130,000 active customers. It...
The doorstep lender Provident Financial has said it could put its consumer credit division into administration unless borrowers agree to a scheme that will sharply reduce compensation payments following a surge in customer complaints. The high-cost lender also revealed it was facing a regulatory investigation by the Financial Conduct Authority into a string of issues including whether...
NatWest has cut its banker bonus pool to the lowest level since its financial crisis bailout, after swinging to a full-year loss in 2020. The lender – formerly known as Royal Bank of Scotland – slumped to a loss of £351m for 2020 compared with a profit of £4.2bn a year earlier. The bank was...
England’s high streets could lose up to 400,000 retail jobs as a result of more people working from home and shopping online after the coronavirus pandemic, according to a report, with affluent towns in the south among the most vulnerable. Out of the 109 towns and cities studied by the accountancy firm KPMG, Bracknell in the London...
January has arrived and for many, this time of year can provide an opportunity to review one’s finances. For some this will be part of regular life admin, while for others, it’s essential in order to pay off debt. According to new research by personal finance platform Nerd Wallet, shared exclusively with Express.co.uk, almost half...
Bitcoin has surged above the $40,000 (£29,500) mark for the first time in its history after doubling its value in less than a month. The record comes just days after the cryptocurrency hit an all-time high of more than $34,800 on Sunday, which was also the 12th anniversary of the bitcoin network being created. Bitcoin first breached...
UK mortgage approvals have risen to the highest level in 13 years, driven by the government’s stamp duty holiday and buyers reassessing their living situation during the coronavirus pandemic. Figures from the Bank of England showed the number of mortgages approved by banks and building societies for home purchases had leapt to 105,000 in November – the highest figure...
Retailers including John Lewis and Dunelm have suspended deliveries to Northern Ireland due to uncertainty about red tape to be imposed because of Brexit. Despite Boris Johnson’s insistence that there would be no border down the Irish Sea, firms have been left scrambling to ensure they can navigate the customs declarations imposed on shipments from Great Britain. Hours...