Chief executives at three of Britain’s largest banking institutions have received substantial compensation packages totalling £29 million whilst their organisations continue to accelerate the closure of physical branch networks.
UK Job Cuts Surge to Highest Pace Since Financial Crisis Following Reeves’s Tax Hike
UK companies are shedding jobs at the fastest rate since the global financial crisis, excluding the pandemic period, after Chancellor Rachel Reeves announced a £40 billion tax increase in the
Sainsbury’s announced it will cut more than 3,000 jobs
Sainsbury’s has revealed plans to eliminate over 3,000 positions and close its remaining in-store cafes as part of a significant restructuring effort.
NatWest Raises Outlook Following £1.7 Billion Quarterly Profit
NatWest has raised its annual outlook after posting stronger-than-expected profits for the three months ending in September, driven by increased lending and a focus on efficiency.
Sainsbury’s pays NatWest £125 million to acquire Sainsbury’s Bank.
NatWest Group PLC has reached an agreement to acquire most of Sainsbury’s Bank from J Sainsbury PLC (LSE: SBRY), specifically its credit card, personal loan, and savings account businesses. As
NatWest’s profits fall as mortgage rates decline.
NatWest Group PLC (LSE: NWG) experienced a significant 47% decline in mortgage lending year-on-year for the first quarter of 2024, with the total amount lent dropping from £9.9 billion to