Money Moves

Administrators for Sheffield Wednesday are currently engaging with potential buyers and are actively inviting formal offers from credible investors. According to David Wigfield, a managing partner at Begbies Traynor, the joint administrators have assumed control of the club to protect creditors’ interests and ensure the club’s continued operation while seeking new ownership. Sheffield Wednesday has […]

Retail sales in the UK reached their highest level since 2022 in September, with favorable weather conditions contributing to an increase in clothing purchases, according to data from the Office for National Statistics (ONS). Monthly retail sales rose by 0.5% in September 2025, and retail sales between July and September were 0.9% higher compared to

GP surgeries in South London have initiated a program to provide financial advice to help patients manage their debts and navigate benefits claims. The “Back on Track” scheme, operating in 34 practices across Lambeth and Southwark, reports that one in three patients has reduced their visits to the GP following financial guidance. Additionally, over 1,100

US President Donald Trump is scheduled to meet Chinese President Xi Jinping in South Korea on October 30. This meeting will take place during the Asia Pacific Economic Cooperation (APEC) summit, which occurs from October 31 to November 1 in Gyeongju, South Korea. The White House confirmed the meeting, highlighting that it has been in

Afua Kyei, the Chief Financial Officer of the Bank of England, has been recognized as the UK’s most influential Black person in the 2026 Powerlist. At 43, she holds a pivotal role in managing the financial governance of the Bank’s £1 trillion balance sheet and is influential in funding reforms. The Powerlist aims to highlight

The plastic recycling sector is facing significant challenges, highlighted by ongoing plant closures across Europe. For instance, Waste management company Biffa recently closed its Sunderland plant, which was established in 2022 at a cost of £7 million, while Viridor has shuttered multiple facilities, including its Avonmouth plant and, most recently, its Rochester operation. Similarly, Veolia

In September, Jaguar Land Rover (JLR) experienced a five-week shutdown of its factories due to a cyber-attack, resulting in a more than 25% decline in car production in the UK. JLR’s facilities did not manufacture any vehicles during the month, as the cyber-attack triggered a halt in its global manufacturing operations, impacting all three of

A committee of Members of Parliament (MPs) has raised concerns about the planned expansion of airports in the UK, which could lead to an increase of hundreds of thousands of flights annually. This expansion, as detailed in a report by the cross-party Environmental Audit Committee, may jeopardize the government’s commitments to achieving net zero carbon

According to recent data from UK banking industry sources, there has been a significant increase in investment scam losses among UK consumers, with a reported rise of 55% in a year attributed primarily to cryptocurrency-related fraud. In the first half of this year, the total amount lost to fraudsters reached £629 million, which represents a

Recent discussions among financial leaders, including the CEO of JPMorgan Chase and the Governor of the Bank of England, have raised concerns about potential shocks in the global economy. The U.S. stock market has experienced significant growth, largely attributed to developments in Artificial Intelligence, although this has led some to suggest that it may be