Early WNBA season storylines: a brilliant rookie and the unstoppable Clark-Reese rivalry
UK bank TSB could be sold off by Spanish owner Sabadell
The Spanish bank Sabadell has said it has received interest from prospective buyers of its UK division TSB, and said it would assess any firm offers it may receive.Sabadell wants to sell TSB as it battles to fend off an €11bn (£9.4bn) hostile approach from its Spanish rival BBVA.The Catalonia-based lender said it had received “preliminary non-binding expressions of interest” for TSB from unnamed bidders, and would examine any potential binding offer.TSB, which has 175 branches in the UK, has more than 5 million customers and 5,000 staff
World’s largest banks pledged $869bn to fossil fuel firms in 2024, new report finds
The world’s largest banks boosted the amount of financing given to fossil fuel companies last year, committing $869bn to those involved in coal, oil and gas despite the worsening climate crisis and the banks’ own, fraying, environmental commitments, a new report has found.The report, compiled by a coalition of eight green groups, shows that while the amount loaned by big banks to fossil fuel firms had been declining in 2021, last year saw an abrupt reversal. Two-thirds of the world’s largest 65 banks increased their fossil fuel financing by $162bn from 2023 to 2024.Scientists have been clear that no new fossil fuel project can proceed if disastrous climate impacts are to be avoided, with last year the hottest ever recorded amid a slew of disasters driven by global heating.However, many banks have recently watered down or ditched their own commitments to help reduce planet-heating emissions, amid a changing political dynamic that has seen the US again being led by Donald Trump, who has famously called climate science “a giant hoax” and “bullshit”
Metro Bank sobers up and attracts a suitor | Nils Pratley
Some departures from the shrinking London stock market hurt more than others. It is doubtful that Metro Bank, if it’s about to fall to an approach from a London private equity firm, will be mourned by those shareholders on the wrong end of the wild ride for the shares from £20 at listing in 2016, to £40 two years later, to a plunge and painful recapitalisation at just 30p in 2023.In the overhyped early years, Metro said it was going to revolutionise high street banking via the novel strategy of opening expensive branches while the fuddy-duddy old guard were closing them. The party ended in an arduous tale of an accounting blunder, run-ins with regulators and a need for more capital, factors that inevitably weighed more heavily than the bank’s gimmicks such as giving free dog biscuits to the customers’ canines.But – surprise, surprise – Metro these days is not an enfeebled lender waiting to be put out of its misery
Oxford Street will be pedestrianised as soon as possible, says London mayor
Sadiq Khan has said he will pedestrianise Oxford Street “as quickly as possible”, after two in three respondents to a public consultation backed plans to ban traffic from London’s central shopping area.The mayor’s office said there was “overwhelming public and business support” for the proposals to regenerate the street, whose lustre is slowly returning as department stores muscle back among the sweet and souvenir shops of dubious repute.More than 6,600 businesses, individuals and groups responded to the formal consultation on plans announced last year that included full pedestrianisation of a 0.7-mile strip west from Great Portland Street; improving the area; and allowing street cafes and outdoor events.Khan said: “Oxford Street has suffered over many years, so urgent action is needed to give our nation’s high street a new lease of life
Trump says UK is protected from tariffs ‘because I like them’ as trade deal is signed off
Keir Starmer and Donald Trump have signed off a UK-US trade deal at the G7 summit in Canada, with the US president saying Britain would have protection against future tariffs “because I like them”.The two leaders presented the deal, which covers aerospace and the auto sector, at the G7 venue in Kananaskis, Alberta.When reporters asked about steel, Trump said: “We’re going to let you have that information in a little while.”Under details released by the Department for Business and Trade, the UK aerospace sector will face no tariffs at all from the US, while the auto industry will have 10% tariffs, down from 25%.The steel industry still faces 25% tariffs for now, although this is less than the US’s global rate of 50% on steel and aluminium
Nationwide draws up bonus plan that could give CEO £7m payday
Nationwide’s chief executive, Debbie Crosbie, could land a maximum pay package of nearly £7m as part of a new bonus plan that has been criticised as “borderline hypocritical” for a UK building society.The pay policy, which will be put to its customers next month, would raise Crosbie’s maximum payout by 43% to £6.9m.She had previously been allowed to earn up to £4.8m under the building society’s remuneration guidelines
The Breakdown | End-of-season rugby union awards: best games, players and more
Early WNBA season storylines: a brilliant rookie and the unstoppable Clark-Reese rivalry
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Dan Evans reproduces form of old to beat Frances Tiafoe at Queen’s Club