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Top StoriesPrimark to Trial Click & Collect but Online Delivery Still Off the Agenda
BankingAbsa’s Digital Excellence Receives International Recognition
Top StoriesBritish Energy Regulator Plans New Rules to Help Customers as Prices Soar
Top StoriesBritons Increase Shopping Trips, Trade Down to Navigate Inflation – Tesco Boss
Ferrari Says Going Electric Means ‘even More Unique’ Cars
Date: June 16, 2022
By Giulio Piovaccari and Nick Carey MARANELLO, Italy (Reuters) -Electric and hybrid models should make up 80% of Ferrari’s sales by 2030, the luxury carmaker told investors on Thursday, vowing to produce “even more unique” cars as it leans on partners to make the costly shift to zero-emission driving. “Everything we do will always focus...
Online Fashion Retailers Asos, Boohoo Weighed Down by Returns
Date: June 16, 2022
By James Davey and Paul Sandle LONDON (Reuters) -British online fashion retailers ASOS and Boohoo cautioned on Thursday that they are being hurt by rising product returns as consumers battle inflation and shift to pre-pandemic behaviour, hammering their shares. ASOS shares slumped 29% by 1049 GMT after it warned it would miss profit forecasts due...
How to Repair Critical Gaps Between Financial Institutions & Consumers
Date: June 16, 2022
By Stephenie Williams, Vice President, Vericast There is a dichotomy in current consumer attitudes toward finances: on one hand, consumers are emboldened by more choices, increased wages and some relief from the pandemic, but on the other hand, they are challenged by market volatility, rising inflation and clogged supply chains. Market volatility, in particular, has...
Britain’s Fca Urges Lenders to Do More to Aid Borrowers in Cost of Living Crises
Date: June 16, 2022
LONDON (Reuters) – Britain’s Financial Conduct Authority (FCA) said on Thursday it was writing to more than 3,500 lenders to demand greater support for consumers struggling with soaring costs of living, after uncovering “serious failings” at more than 30 credit providers. The watchdog, which is responsible for supervising the activities of large banks as well...
Five New Customer-Centric Technologies That Every Bank Must Adopt
Date: June 15, 2022
By Poonam Garg During the COVID pandemic, especially in 2021, digitization in banking was thrown into the pressure cooker. At the same time, it was a banner year for global fintech growth and investment. Insider Intelligence predicted that fintech funding will exceed the $132 billion raised in 2021 and jump past $150 billion in 2022. Advancements will...
Airbus A321XLR Jetliner Stages Maiden Flight
Date: June 15, 2022
By Jan Schwartz HAMBURG (Reuters) -Airbus on Wednesday staged the maiden flight of its newest and largest narrowbody airliner, the A321XLR, as the European planemaker seeks to capitalise on lucrative demand for long-range single-aisle jets. The twin-engined passenger jet took off at 11:05 a.m. (0905 GMT) from a factory in Hamburg, Germany, ahead of more...