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SThree faces challenges amid a weakening UK jobs market. The recruitment firm reported a 26% decline in UK fees during Q4, contributing to a 12% drop in group net fees. Despite this, SThree anticipates meeting its £25m pre-tax profit target.
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Monzo CEO TS Anil departs amid boardroom dispute over IPO. Reports suggest Anil clashed with Monzo’s board regarding the timing of a public listing, leading to his surprise departure. Diana Layfield, a former Google executive, will succeed him.
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UK employment continues to falter as policymakers weigh a rate cut. The latest ONS data show unemployment rising to a four-year high, payrolled employment declining, and wage growth cooling — signs that the labour market is losing momentum as the Bank of England faces renewed pressure to loosen policy.
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The UK Treasury plans to extend financial regulation to cryptocurrency markets, requiring exchanges and wallet providers to register with the FCA and meet anti-money-laundering standards. The new rules, set to take effect by 2027, aim to boost investor confidence and ensure global competitiveness.
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UK savers are investing £2,354 on average after consulting AI platforms. More than half of adults now use tools like ChatGPT for financial advice, though banks’ websites and Money Saving Expert remain the most trusted sources of guidance across all age groups, according to new research by STRAT7.
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UK and Canada agree partnership to modernise public services. The deal will expand AI adoption, strengthen semiconductor research, and build collaboration in digital infrastructure between the two countries.
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HSBC commits to keeping UK branches open until 2027. The bank will invest £55.8 million into its branch network in 2026, a significant increase from this year, to support customer needs and address concerns about cash access.
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Holcim and 44.01 launch UAE CO2 storage pilot project. The initiative aims to capture and mineralise CO2 from cement production, addressing a major source of emissions. It marks a significant step in decarbonising the construction sector and advancing sustainable practices.
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Raindrop has helped savers recover £1 billion in lost pensions. The pension-finding platform, which partners with major UK financial providers, has traced more than 100,000 missing pots, reconnecting customers with savings worth an average of £11,000 each since launch.
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The ECB has outlined plans to streamline bank supervision. The European Central Bank moved to simplify oversight for smaller lenders while rejecting calls to loosen capital buffers, underscoring its focus on resilience as the EU’s revised banking framework approaches implementation next year.
