And so it begins: JP Morgan Chase kicks off US bank results with a slight slump in profits, but a rise in revenues July 14, 2016 Net income at JP Morgan Chase has slumped slightly year-on-year, but comfortably beat analysts' expectations, the banking giant reported today. The figures The company reported net income of $6.2bn (£4.6bn) for its second quarter of the financial year, down one per cent compared with $6.3bn the year before but up 12 per cent on $5.5bn in the last quarter. However, the [...]
Crystal ball time: We asked the experts what’s in store for 2018 for stocks, bonds, currencies and economics January 3, 2018 At the start of 2017 investors might have been forgiven for expecting a more predictable year ahead. If they were, they were sorely disappointed by a year of intrigue – and yet asset prices kept rising, despite the drama. We asked the experts to dust off their crystal balls once more to see what lies [...]
Where is my mind? How an ancient psychedelic ritual in the Oaxaca region of Mexico turned into the trip from hell May 3, 2018 It’s a beautiful day in San Jose Del Pacifico, a small village high in the mountains south of Oaxaca City, southern Mexico, where I’m sitting in front of the world’s most frightening cup of tea. Opposite me is Paolo, a 19-year-old “mushroom guide” in whom I have placed an inordinate amount of trust. Are you [...]
Mario Draghi says investors must wait until October for quantitative easing taper decision as European Central Bank (ECB) holds policy September 7, 2017 Mario Draghi today told investors they will have to wait until at least October for a decision on the future of its quantitative easing bond purchases, as the European Central Bank (ECB) left monetary policy unchanged. Speaking at the ECB’s headquarters in Frankfurt, ECB president Draghi said: “This autumn we will decide on the calibration [...]
These are the world’s 50 most valuable brands of 2017 September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]
Apple, Google and Microsoft top list of the 100 most valuable brands September 25, 2017 Apple and Google have once again take the two top spots in a list of the world’s 100 most valuable brands, according to rankings by consultancy group Interbrand. Five UK firms made into into the 2017 best global brands list. These were Burberry, HSBC, Land Rover, Smirnoff and Johnnie Walker. This is the fifth consecutive [...]
JP Morgan relaxes dress code and tells employees business casual is the bank’s new look June 3, 2016 JP Morgan has given its staff a little Friday boost, with the news that the bank is adopting a firm-wide business casual dress code. "As we continue to look for different ways to enhance our workplace, we’ve decided to expand the business casual dress code firmwide, starting tomorrow," the US bank said, adding that the new [...]
UK oil services companies John Wood Group and Amec Foster Wheeler in £5bn merger deal March 13, 2017 Two UK oil services firms have agreed to a £5bn merger. John Wood Group announced this morning it had agreed a takeover deal for FTSE 250-listed Amec Foster Wheeler. Amec’s share price jumped 18 per cent to £5.76 at the time of writing, while John Wood’s was up eight per cent to £8.10. [stockChart code="AMFW" date="2017-03-13 [...]
Big UK banks slip down in global ranking, but Metro and the challengers make ground July 3, 2017 Big UK banks are suffering compared with international rivals, according to a ranking of the world’s 1,000 largest lenders out today. HSBC remains Britain’s biggest bank in the global ranking, coming in ninth for the second year in a row. However, the lender – which topped the 2008 ranking – suffered its worst result in [...]
JP Morgan boss Jamie Dimon tells staff Brexit would mean fewer jobs with the bank in the UK June 3, 2016 The boss of US bank JP Morgan Chase has warned British staff that a Brexit could lead to the company making job cuts in the UK and shifting more roles to the rest of Europe. "A vote to leave would be a terrible deal for the British economy," said the bank's chief executive Jamie Dimon. "So if the [...]