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Santander UK seeks Govt intervention in FCA’s car finance redress scheme


By Michael Griffiths

Santander UK has called for the Government to intervene in the Financial Conduct Authority’s (FCA’s) redress scheme relating to historical motor finance commission arrangements.

The bank has also opted not to publish its Q3 results which it would have done today, stating it wants more clarity regarding the regulator’s proposals


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Aston Martin cuts investment plans as Q3 losses accelerate

Aston Martin has cut £300m from its investment plans after the luxury carmaker reported a decline in sales in its Q3 results

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Next beats sales expectations in Q3

Next has seen its sales increase by 10.5% year-on-year in the 13 weeks to 25 October, beating its expectation range of between 7.5% and 8.5%

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GSK sales increase 8% as it upgrades guidance

GSK has seen its sales increase by 8% in the third quarter to £8.5bn, as it upgraded its guidance for the full year

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LendInvest completes £310.6m securitisation

LendInvest has announced the completion of its latest securitisation which includes a £310.6m pool of UK prime mortgages

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evoke revenue jumps 5% in Q3

evoke has recorded a 5% increase in group revenue, totalling £435m in the three months to 30 September

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Crypto company KR1 seeks main market London listing

UK cryptocurrency company KR1 has confirmed it is planning to list on the main market of the London Stock Exchange

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HSBC UK profits fall 6% in Q3

HSBC UK has seen its profit before tax fall by 6% to $4.92bn in the nine months to 30 September

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Goodwin forecasts doubling profits

Engineering group Goodwin has revealed it is expecting a 100% increase in pre-tax profit in its ongoing full financial year

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CMA outlines competition lessening in Greencore/Bakkavor merger

The Competition and Markets Authority (CMA) has ruled that Greencore’s £1.2bn acquisition of Bakkavor could lead to "substantial lessening of competition" in the supply of own-label chilled sauces in the UK

NatWest Q3 profits increase 35%

NatWest has recorded a year-on-year profit increase of 35%, totalling £1.68bn in the third quarter.

In the three months to 30 September, the bank’s operating profit jumped by 30.4% to £2.18bn, beating expectations previously set at £1.83bn
Unilever beats Q3 growth expectations

Unilever has recorded an underlying sales growth of 3.9% to €14.7bn in the third quarter of its financial year, beating expectations
Lloyds profits drop by 42% in Q3

Lloyds Banking Group has seen its profit after tax fall by 42% year-on-year in the third quarter to £778m, following an £800m charge for motor finance compensation arrangements


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