Financial news uk

Here are some of the latest financial news stories from the UK:

Market Updates

• The FTSE 100 index closed down 0.4% at 7,444.44 on Friday, following a mixed session on Wall Street.
• The pound was steady against the dollar, trading at $1.31.
• The yield on the 10-year gilt fell to 0.53%, as investors sought safe-haven assets amid global market volatility.

Company News

• British Airways owner IAG has reported a £1.3 billion loss for 2020, due to the impact of the pandemic on the airline industry.
• Tesco has announced a 1.4% rise in like-for-like sales for the 12 weeks to February 14, as the supermarket chain continues to benefit from its online shopping business.
• Rolls-Royce has secured a £2.5 billion loan from the UK government to support its recovery from the pandemic.

Economic News

• The UK's economy grew by 1.3% in the final quarter of 2020, according to official figures, as the country began to recover from the pandemic.
• The Bank of England has kept interest rates on hold at 0.1%, but has warned that the economic recovery is at risk due to the spread of new variants of the virus.
• The UK's trade deficit widened to £4.3 billion in January, as the country's exports fell by 3.4% and imports rose by 1.4%.

Regulatory News

• The Financial Conduct Authority (FCA) has fined Barclays £26 million for failing to properly manage its risk in the run-up to the 2008 financial crisis.
• The UK's financial watchdog has launched an investigation into the collapse of Greensill Capital, a supply chain finance firm that went bust last month.
• The Treasury has announced plans to introduce new rules to regulate the use of cryptocurrencies such as Bitcoin and Ethereum.

Personal Finance

• The UK's savings rate has fallen to its lowest level in 15 years, as consumers struggle to make ends meet during the pandemic.
• The average UK mortgage rate has fallen to a record low of 2.14%, according to data from the Bank of England.
• The government has announced plans to increase the minimum wage for over-23s to £9.50 an hour from April, as part of its efforts to boost the economy.

These are just a few of the latest financial news stories from the UK. If you're looking for more information, I'd be happy to help!