Atom Bank boss on rapid growth, London IPO and why high street challengers are a ‘dying breed’ March 24, 2024 City A.M. speaks to Atom Bank CEO Mark Mullen about the challenger bank landscape, his firm's rapid growth and plans for a London IPO.
Ex-Barclays banker says disputed Qatar agreement was ‘tremendous boost’ November 27, 2019 Former top Barclays banker Roger Jenkins told a fraud trial in London today that an agreement between the bank and Qatar characterised as a sham by prosecutors was actually a “tremendous boost”. Jenkins, 64, was in the witness box at the Old Bailey as he stood trial for fraud alongside former top Barclays executives Thomas [...]
LVMH enjoys post-lockdown sales boom as shoppers turn to luxury goods October 12, 2021 Sales at French luxury giant LVMH swelled 20 per cent in the third quarter as shoppers rushed to buy high-end fashion amid the return of socialising. The company said like-for-like sales, stripping out the effect of foreign exchange fluctuations, rose to 15.51 billion euros ($17.90 billion) in the three months to September. It sells a [...]
Four things we learned from Barclays results October 25, 2019 Barclays delivered a mixed set of results for the third quarter today, with strong performance in its controversial investment bank outweighed by a massive £1.4bn PPI claims hit. These are the top four takeaways from Barclays results today. Barclays was not expecting PPI ‘avalanche’ Barclays otherwise strong third quarter results were torpedoed by a whopping [...]
Government eyes bank surcharge U-turn despite Lloyds profits tumbling October 27, 2022 Britain’s biggest mortgage lender, Lloyds Bank, has set aside hundreds of millions of pounds in preparation for a surge in loan defaults caused by the rising cost of living and higher interest rates squeezing household budgets. The lender today said it had banked £668m over the three months to September to absorb souring loans, primarily [...]
Britain’s millionaires still feel like they are cash poor September 22, 2022 In 2021, global wealth grew by 12.7 per cent according to the latest Credit Suisse Global Wealth Report, published this week. There are now over 60 million millionaires in the world, more than twice as many as in 2011, a mere decade ago. Britain has 4,180 people who are worth over $100m each, and a [...]
Bumper numbers help paper over the woes of Wise November 29, 2022 Wise’s regulatory and reputation troubles have not hurt the bottom line, writes Charlie Conchie
Profits plunge at Barclay brothers’ Ritz hotel October 6, 2019 The billionaire Barclay brothers saw profits plunge at The Ritz Hotel in Mayfair, while their casino business also suffered losses. Profit before tax almost halved from £12.8m to £7.9m according to the hotel’s latest financial filings for last year. Read more: Barclay brothers Ritz Hotel casino swings to £11.7m loss The drop in profit came [...]
Sunak arrived late to the business charm offensive and still can’t catch up April 26, 2023 Rishi Sunak spent Monday flirting with business leaders, but Keir Starmer and Rachel Reeves are still winning the battle to court corporates.
Telecom Italia is ‘close’ to picking advisers for £28bn KKR deal December 4, 2021 Telecom Italia is close to picking banks to advise it on a buyout offer approach from U.S. private equity group KKR and could even assign mandates this weekend, two sources said this morning.