{"id":10752,"date":"2026-07-06T00:50:04","date_gmt":"2026-07-06T00:50:04","guid":{"rendered":"https:\/\/www.fintechpulse8.com\/?p=10752"},"modified":"2026-07-06T00:50:04","modified_gmt":"2026-07-06T00:50:04","slug":"financial-services-activity-dips-in-second-quarter-daily-business","status":"publish","type":"post","link":"https:\/\/www.fintechpulse8.com\/?p=10752","title":{"rendered":"Financial services activity dips in second quarter \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/03\/IFSD-2-TM.png\" alt=\"IFSD Glasgow\" class=\"wp-image-163294 lazyload\"\/><img fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"593\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/03\/IFSD-2-TM.png\" alt=\"IFSD Glasgow\" class=\"wp-image-163294 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/03\/IFSD-2-TM.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/03\/IFSD-2-TM-300x224.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/03\/IFSD-2-TM-768x574.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2024\/03\/IFSD-2-TM-600x448.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Financial services have taken a hit (pic: DB Media Services)<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Business volumes in the financial services sector dropped at a rapid pace in the three months to June, following a temporary recovery in Q1, according to the latest CBI survey on the sector.?<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The quarterly poll also found that sentiment among FS firms fell, as profitability contracted at a steep rate over the period. Despite the weakness in business conditions, headcount in the sector rose for the first time since June 2024.?\u00a0<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Looking ahead, FS firms expect business volumes to decline at a slower, but still firm, pace next quarter. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Over the year ahead investment in IT is expected to improve to their strongest in nearly five years, but over half of firms cited inadequate net return as a likely factor to limit overall capex plans \u2013 the highest proportion since September 2022.??<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Louise Hellem, CBI chief economist, said:?\u00a0\u201cThe political transition underway must not slow delivery of the government\u2019s financial services growth and competitiveness strategy at a time when activity has deteriorated and firms are facing a more uncertain outlook. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cMaintaining momentum on reforms \u2013 including continuing work with the FCA and PRA to deliver a more growth focused regulatory framework \u2013 will be essential to strengthening the UK\u2019s competitiveness and supporting investment. <\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">\u201cThe forthcoming Mansion House speech provides an important opportunity to boost confidence in the reform agenda by demonstrating progress already made and setting out clear next steps for delivery.\u201d<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.5) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Financial #services #activity #dips #quarter #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Financial services have taken a hit (pic: DB Media Services) Business volumes in the financial services sector dropped at a rapid pace in the three months to June, following a&hellip; <\/p>\n","protected":false},"author":1,"featured_media":10753,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[245],"tags":[7388,283,12474,282,11978,121,4053,1520],"class_list":["post-10752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main-stories","tag-activity","tag-business","tag-cbi-financial-services-survey","tag-daily","tag-dips","tag-financial","tag-quarter","tag-services"],"_links":{"self":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/10752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10752"}],"version-history":[{"count":0,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/posts\/10752\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=\/wp\/v2\/media\/10753"}],"wp:attachment":[{"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fintechpulse8.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}