Here's a quick rundown of some of the top business news stories making headlines today. From compensation payouts to job market warnings, let's dive in.
Bank Pays Out After IT Troubles
Millions of customers were left unable to access their bank accounts following a series of IT outages. Now, a major bank is set to pay out a substantial £12.5 million in compensation. This serves as a stark reminder of the critical importance of robust and reliable IT infrastructure in the financial sector. The outages caused widespread frustration and inconvenience, highlighting the dependency we all have on seamless digital banking services.
Salford Train Disruptions Ahead
Commuters in Salford should prepare for disruption as Network Rail undertakes significant station upgrades. The £21 million investment aims to reduce delays on the line, but will mean trains won't be running for several weekends. While the long-term goal is improved service, passengers will need to plan ahead for alternative travel arrangements in the short term.
Robert Walters Issues Jobs Market Warning
Recruitment firm Robert Walters has painted a concerning picture of the current jobs market. The company reported that trading has been "muted" in the early weeks of 2025 and doesn't expect to see any significant improvement until the end of the year. With profits nearly wiped out, this warning signals continued challenges for job seekers and the recruitment industry alike. "Trading has remained 'muted'," the company stated, indicating a slow start to the year.
"Strong Sell" for New Mountain Finance
Finally, New Mountain Finance (NMFC) has received a "strong sell" recommendation from some analysts. The assessment suggests that the Business Development Company (BDC) is not considered a suitable investment option. Investors should carefully consider this recommendation and conduct their own due diligence before making any investment decisions. This is a critical piece of advice for anyone looking at BDCs.
That's a quick look at some of the key business stories making waves today. Stay tuned for more updates as these stories develop.
