Wednesday , 17 December 2025

Recent Posts

UK’s Joules falls 41% on profit warning

  Bloomberg Joules Group Plc shares plummeted after the British retailer joined a growing list of companies to warn that supply chain issues and Covid infections are hurting earnings. The stock dropped 41% in early trading in London Tuesday, the most on record. The company has faced stock delays, rising freight costs and fewer customers visits to stores due to …

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BOE’s first back-to-back hikes in 17 years may just be the start

  Bloomberg The Bank of England (BOE), one of the first movers in what looks set to be a rapid global tightening of monetary policy, this week will give a big clue about how far and fast it will move in combating inflation. Policy makers led by Governor Andrew Bailey are expected to hike interest rates to 0.5% on Thursday, …

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OCBC completes goodwill payouts to phishing victims

  Bloomberg Overseas-Chinese Banking Corp (OCBC) said it made $10.1 million in goodwill payouts to 790 customers who fell prey to an text message phishing scam impersonating the lender. About 80% of the amount lost occurred during December 23-30 festive period, at which time calls to the bank’s contact center surged by over 40%, OCBC said. A previous figure that …

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