The Bank of England forecasts that over 5 million homeowners will see increased mortgage bills by end-2028, a rise of 1 million from previous estimates, due to the impact of the Iran war. While the hit won't be as severe as recent years, typical monthly bills could increase by £45.
Thames Water's creditors, holding £14bn in debt, are prepared to bid for the company even if it undergoes temporary nationalization under a potential Andy Burnham premiership. They view nationalization as a process, not a solution, and have submitted a £10bn rescue proposal.
Samsung Electronics forecasts a 19-fold increase in profits for the April-June quarter, driven by high global demand for AI memory chips. The company expects record operating profits and sales, with analysts citing the AI boom and tight supply as key factors.
Rachel Bews was denied access to an Amazon business course in Scotland because she needed to bring her 20-week-old baby. Amazon cited a health and safety policy prohibiting children under six on-site, despite a lactation room being available.
UK financial regulator FCA found major banks are failing vulnerable customers, including the homeless, by pushing them towards unsuitable online applications instead of basic bank accounts. Nine institutions have agreed to improve access.
UK banks are failing vulnerable customers, including the homeless, by pushing them towards unsuitable online applications instead of offering basic bank accounts. The FCA found a third of customer experiences with these accounts were poor or very poor.
