Lloyds Bank Drops Challenge, £829 Payouts Ahead
Lloyds Bank will not challenge the FCA's £9.1bn car finance compensation scheme, enabling average £829 payouts for customers mis-sold finance over 17 years.
Category : Corporate News
Co-op Uses Forensic Spray to Combat Shoplifting
The Co-op is marking popular items with forensic spray to track reselling, reducing shoplifting by 20% in stores. The new UK law supports this initiative.
KLEKT Appoints Former H&M Exec to Board
KLEKT appoints former H&M president Daniel Kulle as board member to drive global expansion in the resale sneaker and streetwear market.
Wren Kitchens Closes 15 Stores, Staff Redundant After US Exit
Wren Kitchens has closed 15 locations and made all staff redundant after filing for liquidation and pulling out of the US market, affecting showrooms and Home Depot studios.
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NatWest milestone announcement for 20 million customers
NatWest has issued a major announcement for its 20 million customers following its AGM, highlighting its return to full private ownership and future ambitions.
Lloyds Profits Surge as Income Forecast Raised
Lloyds Banking Group reports 33% Q1 profit rise to £2bn, raises net interest income forecast above £14.9bn amid Middle East conflict and higher interest rates.
Octopus Energy CEO Replies to Martin Lewis Over May 1 Change
Octopus Energy CEO Greg Jackson responds after Martin Lewis warned that the May 1 price change on Octopus Go tariff 'didn't sound great'. Jackson defends the increase.
IQE Secures £81m Funding for Growth Plans
Leading Welsh tech firm IQE has secured an £81m investment package, including £30m from US semiconductor manufacturer MACOM, to support growth and conclude a strategic review.
Swedish Giant NIBE Acquires UK's Oldest Electric Heating Firm
Cardiff-based Elmatic, one of the UK's oldest industrial electric heating element manufacturers, has been acquired by Swedish corporate giant NIBE Industrier AB.
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Manchester Office Market Resilient in Q1 Driven by SME Deals
Manchester's office market shows resilience in Q1 2026 with 286,000 sq ft take-up, driven by SME deals. Larger transactions expected later in the year.
Pacifica Acquires Repaircare to Boost UK Repair Network
Pacifica Group acquires Repaircare from Screwfix Spares, adding 80,000 annual repairs and expanding its national service capability across the UK.
GAC International Holds First Global Launch Event
GAC International held its first dedicated global launch event at Auto China 2026, unveiling three key models and an upgraded global strategy. Overseas sales surged, with over 400,000 users worldwide.
Fletchers EMG Deal Creates Major Court of Protection Specialist
Fletchers Group acquires EMG Solicitors and JE Bennett Law to form one of the UK's largest Court of Protection practices, led by EMG founder Emma Gaudern.
EcoFlow Reveals OCEAN 2 Plus Home Battery at London Solar Show
EcoFlow launches OCEAN 2 Plus at Solar and Storage Live London 2026, a scalable home battery system with up to 300 kWh storage, 10,000-cycle lifespan, and smart energy management for UK homes.
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UK distillery Zymurgorium enters administration after decade
Zymurgorium, a major UK distillery known for gin and beers, has collapsed into administration after a decade. Joint administrators appointed on April 13.
Birmingham Bin Strike Deal: Agency Workers, Discipline, Job Security
A deal to end the Birmingham bin strike includes agency worker permanency, quashed discipline, and job security. Unite warns it will walk away if there are U-turns.
Lloyds Bank Launches UK First with Plain Vanilla Listed Bonds
Lloyds Bank announces UK's first Plain Vanilla Listed Bond conversion, transferring £1.4bn to make corporate bonds more accessible to retail investors.
British Army to Replace Land Rovers with Toyota GLV
The British Army will phase out Land Rovers after 70 years, replacing them with a new Babcock GLV based on Toyota Land Cruiser and Hilux, developed under the MoD's Light Mobility Programme.
Car Finance Payout Scheme Moves Ahead After Industry Drops Challenge
The FCA's £9.1bn motor finance compensation scheme proceeds after the Finance and Leasing Association and major lenders decline legal action, despite concerns.
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Kinahan Gang Boss Jailed: From Luxury Mansion to Prison Cell
Thomas 'Bomber' Kavanagh, head of the Kinahan gang's UK arm, was jailed for 21 years in 2022 for a £30m drug smuggling ring. His plot to fake a weapons cache added six more years.
NatWest Alerts UK Customers to Biometric Data Changes
NatWest is notifying customers about changes to how it processes biometric data from May 20, 2026, shifting from consent to legitimate interests for fraud prevention.
Nationwide Update: UK Building Society Rules Shake-Up
Nationwide issues update on UK building society rule changes. Katharine Braddick, new PRA chief, discusses leverage buffers with Treasury Committee.
KCOM Hull Losses Widen to £31.2m, Profit Outlook Brightens
KCOM's pre-tax loss grew to £31.2m in 2025, but cost-cutting and asset sales boosted operating profit. Bosses say the firm is now in a stronger position with rising profits.
Cavern Walks Hilton Hotel Plans Replaced by Apartments
Original plans for a Beatles-themed Hilton hotel in Liverpool's Mathew Street have been abandoned. New proposals seek to convert the Cavern Walks site into 85 serviced apartments with a gym and spa.
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Birmingham man sentenced in £41m cigarette smuggling gang
A Birmingham man has been sentenced for his role in a gang that smuggled over 150 million cigarettes into the UK, evading more than £41 million in tax.
Sambafoot Migrates to OddsScanner Brand
Sambafoot, a leading football tipster platform, has migrated to OddsScanner, combining expert predictions with global odds comparison for a unified user experience.
Plaid Cymru's Detailed Economic Vision for Wales Assessed
Dylan Jones-Evans evaluates Plaid Cymru's Senedd manifesto, praising its detailed economic vision but questioning the feasibility of key proposals like the National Development Agency and procurement targets.
PixerLens and TCS Partner for AI Cloud Solutions
PixerLens and TCS announce a strategic partnership to deliver AI-powered application intelligence on the TCS SovereignSecure Cloud, enabling secure, scalable AI adoption globally.
AJ Bell Net Inflows Surge 42% to £2.7bn, Customer Numbers Record
AJ Bell reported a 42% rise in net inflows to £2.7bn in Q2, with customer numbers hitting a record 723,000, driven by marketing and low-cost propositions.
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SFO Probes £44m Insulation Fraud in Energy Scheme
The Serious Fraud Office investigates allegations that three companies defrauded £44 million in public money through false invoices for insulation work under the ECO4 scheme.
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