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Tag: Business

Lloyds hit hard: Bank sets aside £1.2bn for car loan scandal payouts

Lloyds nearly triples its provision for car finance mis-selling to £1.2bn, slashing annual profits.

Retail disaster: Quiz shutters 23 shops as customers abandon high street

Quiz shuts down 23 UK and Ireland stores, including Maidstone’s Fremlin walk branch, after insolvency.

HSBC ditches climate goals—CEO bags £9m bonus while net zero pushed back 20 years

HSBC weakens climate targets, delays net zero by 20 years—CEO gets £9m bonus as green goals shrink.

Steel giant’s grim gamble: £1.25bn furnace rises from the ashes of 2,500 lost jobs

Port Talbot’s new electric arc furnace gets the green light, but job losses cast a long shadow.

Treasury seeks clarity on potential costs of Thames Water renationalisation

The UK Treasury is investigating the financial implications of renationalising Thames Water, amid growing concerns over the utility's financial stability and environmental impact.
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