The immigrant co-founders of a security company who grew their business into a £25m turnover operation have been named black British businesspeople of the year at a virtual ceremony on Thursday. Edgar Chibaka and Jamal Tahlil received the top prize at this year’s Black British Business Awards, which celebrate the achievements of some of the…
Millions of British consumers have been given the green light to proceed with a landmark £14bn case against Mastercard over its fees in a decision that paves the way for the UK’s first mass consumer claim. The Competition Appeal Tribunal (CAT) ruled that Walter Merricks, the former financial ombudsman, can represent some 46m consumers…
FTSE 100 bosses took a 17pc pay cut on average last year as the pandemic squeezed earnings for some of the country’s highest paid executives. Blue-chip companies paid a median rate of £2.7m to their chief executives, according to new research, with short-term bonuses and basic salaries reduced in light of the economic effects of…
Taxpayer-backed NatWest has smashed profit expectations after surfing the wave of a house price boom and post-lockdown economic rebound, allowing it to restore investor payouts in a move that will hand the Government £190m. NatWest has been able to release money previously set aside to cover a possible surge in toxic debts as Covid hammered…
Barclays has unveiled a four-fold jump in first-half profits and resumed dividend payments as Britain barrels out of its worst recession in centuries. Pre-tax profits at the bank soared to £5bn for the first six months of this year – four times higher than the same period in 2021 – following an improving economic outlook…
Finalists have been revealed for this year’s Black British Business Awards, an annual event that celebrates the achievements of some of the UK’s top corporate bosses and entrepreneurs. Now in its eighth year, the awards highlight “exceptional business talent” across six industries: arts and media; consumer and luxury; start-ups; financial services; professional services; and STEM…
JP Morgan Chase has bought UK robo wealth manager Nutmeg as it plots an assault on the British banking market. The Wall Street giant said the deal will complement the mobile banking service it plans to launch in the UK later this year under the Chase brand Nutmeg has expanded rapidly since its launch in…
The UK will enjoy its strongest year of growth since modern records began in 1948 as the economy surges back to life after a rapid vaccine rollout, the boss of Barclays has predicted. Jes Staley said he expects the UK to have a very robust recovery alongside the US, posting its biggest rebound for decades on…
