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Barclays and Santander recorded the highest net losses of current account switches in the second quarter of the year after   outages disrupted thousands of customers’ online banking. Over 22,000 users switched from Barclays in the three months to June 2025, with just under 4,000 joining, marking a net loss of over 18,000. Santander recorded a net loss of 23,015. The figures from the current account switching service  Pay.UK  – came after both banks suffered major outages at the beginning of the year. Barclays wrote in a letter to the Treasury Committee earlier this year that it expects to pay up to £7.5m in compensation to customers after  a three-day outage. Santander also apologised for a disruption in March after a mobile and telephone service outage left users unable to make payments. Lloyds – which marked a net loss of over nine thousand customers – was among the thousands of websites caught in the internet blackout after an issue with Amazon’s web hosting servi...

Shares dropped as much as 9% on Wednesday after the company reported third-quarter earnings that beat on sales, but it also reported a $15.93 billion one-time tax charge. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per share : $7.25 adj. vs. $6.69 estimated Revenue : $51.24 billion vs. $49.41 billion estimated Meta said that the implementation of President Donald Trump’s One Big Beautiful Bill Act resulted in a one-time, non-cash income tax charge. The company said it expects Trump’s law to result in “a significant reduction” in its U.S. federal cash tax payments for the rest of 2025 and future years. The company’s third-quarter sales rose 26% year-over-year, which is its highest revenue growth since the first quarter of 2024. Meta said it expects fourth-quarter revenue to be in the range of $56 billion to $59 billion. The midpoint of that range comes in above what was expected by analysts, according to Street Account.  The company rai...

Described as the biggest shake-up to renting in England for more than 30 years, a new law to give renters more rights was formally approved on Monday. In the coming weeks, the government will announce how - and when - each of the changes will come into force. With almost 20% of UK households renting privately, the changes will affect millions of people. But when you write on Google Property Accountants Near me , they will be available for your help. How long can I rent a home for? A home will now be rented on a "periodic" or rolling basis, rather than for a fixed 12 or 24-month contract. That means that if a tenant wants to stay in a property, they can. The government says this will provide "more security for tenants". If a tenant wants to leave, they can, by giving two months' notice, rather than being tied in for a year or more. The government says this will "end the injustice of tenants being trapped paying rent for substandard properties". The Rent...

Energy services firm Petrofac has filed for administration. The company, which employs about 2,000 people in Scotland, said its North Sea business would continue to operate as normal. In a statement, Petrofac said it had applied to appoint administrators for its holding company, but that alternative restructuring options were being explored. It added that administrators would work to "preserve value, operational capability and ongoing delivery". The decision comes after Dutch grid operator TenneT terminated a major offshore wind contract, external with Petrofac, scuppering a planned financial restructuring. The firm, which has UK offices in Aberdeen, London, Woking and Great Yarmouth, said further information on the administration process would be provided in due course. The firm is located in Central London, providing Accounting services. As Tax Accountants in Central London , if you have any concerns about your tax or VAT, you can contact them  Profit warnings Founded in Te...

2025 hasn’t been an amazing year for the BP (LSE: BP.) share price. While the FTSE 100 index has climbed about 14.5%, the oil stock has only risen about 4.6%. Is there potential for an improvement in performance at some point? City analysts seem to think so. Here’s where they see the stock going in the medium term… Analysts are bullish At present, the average analyst price target for BP shares is 450p. That’s about 9% above the current share price. Add in the dividend yield of 5.8% here, and investors could be looking at attractive, double-digit returns if that price target was to be hit. A near-15% return in a year or so from a blue-chip stock is without a doubt a great result. Take that forecast with a pinch of salt The thing is, with a stock like BP, share price forecasts are pretty meaningless. Realistically, no one has any idea where this stock is going in the future. The reason why is that oil prices – a key driver of BP’s revenues, earnings and share price – fluctuate from day t...

  Some 1,210 people will be made redundant as 68 restaurants in places including Brighton, Hull, Bristol, Leeds and Edinburgh shut their doors in the coming weeks. Eleven delivery outlets will also close as part of the administration. Administrators were appointed to DC London Pie Limited, which operates Pizza Hut's UK restaurants on Monday, while the global brand owner Yum! Brands stepped in to save the remaining 64 pizza restaurants and 1,276 jobs. Pizza Hut is well-known for its family-friendly dining and salad bar, but its UK business has been struggling and had previously gone into administration less than a year ago. Administrators FCI Consulting said DC London Pie had been hit by the combination of "challenging trading conditions and increased costs". Cashflow had come under pressure "as a result of tax-related obligations". "The joint administrators will continue to work with employees who have unfortunately been made redundant, to ensure they get t...