After the mortgage chaos stops, what happens?

Creative Media NewsSunday, 13 August 2023, 12:000

After months of mortgage calamity, better news eventually arrived this week with a slew of substantial rate cuts from major lenders. Halifax, Nationwide, and NatWest are among the banks that have made significant cuts to their home loans, and analysts believe that the mortgage market may have passed its apex of panic. This is the...

Competition watchdog approves NHS enterprises’ £1.2bn merger.

Creative Media NewsSunday, 13 August 2023, 10:000

The UK’s competition watchdog conditionally approved the merger of two NHS service providers. UnitedHealth Group’s acquisition of AIM-listed Emis is not expected to hurt competition or patients, according to the CMA. Emis, which is headquartered in Leeds, provides software and IT services to GP surgeries throughout the United Kingdom. Including the electronic patient record system...

Highest convictions for driving with defective car parts in decade

Creative Media NewsSunday, 13 August 2023, 6:000

The number of drivers convicted of driving with defective vehicle parts attained its highest level since 2014 during the past year. Analysis of Ministry of Justice data reveals that 12,349 license holders committed offenses in England and Wales in 2022 for driving with illicit tires, brakes, and other vehicle components. This is an increase of...

Content creation unit of FC Barcelona poised for New York listing

Creative Media NewsSunday, 13 August 2023, 0:000

FC Barcelona has announced its intention to separate off its content creation business in the United States through a blank-check merger and an initial public offering. The Spanish football powerhouse announced on Friday that the special purpose acquisition firm Mountain & Co had consented to list its Barca Media subsidiary on the Nasdaq. It was...

Experts believe China’s electric cars may “paralyse” Britain remotely.

Creative Media NewsMonday, 31 July 2023, 12:000

Experts warn that China’s electric cars could be remotely controlled to ‘paralyze’ the United Kingdom, causing security concerns. Professor Jim Saker, president of the Institute of the Motor Industry, stated that China’s automobiles pose “major security issues” for the United Kingdom and that there is “no way” to prevent them from being remotely controlled. Prof....

How would FCA Consumer Duty affect customers’ rights?

Creative Media NewsMonday, 31 July 2023, 4:000

Tomorrow’s implementation of new regulations should compel financial institutions to improve their standards and prioritize customer requirements. Under the Consumer Duty regulations introduced by the Financial Conduct Authority (FCA), businesses will be required to demonstrate that they are acting in the best interests of their customers by providing them with clear information, helpful customer service,...

GSK bolstered by herpes virus vaccines and HIV medications

Creative Media NewsFriday, 28 July 2023, 8:000

Strong sales of herpes zoster vaccines and HIV medications helped GSK surpass second-quarter earnings projections. The pharmaceutical behemoth has increased its full-year profit and revenue projections due to strong second-quarter results. Shingrix, the company’s best-selling drug, generated £880 million in sales, exceeding projections of £872 million. HIV treatment sales generated $1.58 billion during the quarter,...

Price rises and DBX707 demand boost Aston Martin sales.

Creative Media NewsThursday, 27 July 2023, 16:000

Aston Martin’s second-quarter results exceeded market expectations due to increased prices and demand for its DBX707 sport utility vehicle and V12 Vantage Roadster limited edition. In recent months, price increases have increased the group’s average selling price to approximately £184,000. The demand for its new ‘Valour’ model, inspired by its 1970s racing vehicles and introduced...

Just Eat becomes profitable despite a decline in orders.

Creative Media NewsThursday, 27 July 2023, 6:000

Just Eat Takeaway.com turned a profit in the first half as cost-cutting initiatives compensated for a decline in order volume. For the first six months of the year, the group reported earnings before nasties of €143million (£ 122 million), compared to a loss of €134million during the same period in 2022. This was despite an...

What funds offer robots, AI, electric vehicles, and Net Zero exposure?

Creative Media NewsWednesday, 5 July 2023, 6:000

Thematic investing has been around for a while, but funds that profit from “global megatrends” have become more popular. Thematic investment targets disruptions like artificial intelligence and electric transportation. Due to the massive funding of this global catastrophe, sustainable and climate-related themes have garnered investor interest. Numerous investors believe that these motifs have the potential...

Cannabis industry buzzing as patient numbers rise after slow start

Creative Media NewsWednesday, 5 July 2023, 2:000

Two years ago, the London stock exchange was enthralled by medical cannabis, with companies vying for a public listing. After the initial euphoria, investors didn’t see many peaks for a year, but recent months have seen a recovery. Companies are adjusting to adjustments in an industry that is, in a legally sanctioned sense, still in...

Over half of divorced spouses worry about their retirement finances.

Creative Media NewsThursday, 29 June 2023, 12:000

Even though divorce is difficult, more than half of divorced couples worry about paying for needed groceries in old life. 59% of divorced couples believe they will only be able to afford a weekly food expenditure of £54 in retirement, according to new research by insurer Scottish Widows, compared to just over a third of...

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