What can Sunak-friendly fintech expect under Truss? September 12, 2022 Some fintech bosses are reconsidering what a Truss leadership may mean for the sector.
A slice of the pie: UK financial firms target booming fintech market October 11, 2021 As banks and financial services firms in the UK switch their attention from pandemic survival to driving growth, they are increasingly tapping into the booming fintech space as a way to future-proof their business, according to new research. Almost half (46 per cent) of the UK’s financial services firms are targeting acquisitions and partnerships with [...]
UK banks bolster debt collection teams ahead of first Covid loan repayments July 6, 2021 The UK’s leading banks are bolstering their debt collection teams as the first repayments of emergency Covid loans fall due. Britain’s four largest banks have hired over 750 workers in their debt collection units in an effort to manage a wave of potential defaults. NatWest has taken on 150 extra staff to handle chasing Covid [...]
PM says remote working won’t be the new normal February 26, 2021 PM Boris Johnson said Britain is not facing a new age of remote working. In a video message today Johnson said British people would be “consumed again” by wanting to meet people in person once the economy reopens, and that this would have clear benefits for business. He added people will be commuting to city [...]
The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Elon’s twitter, record borrowing and Zoom stocks: City A.M.’s Business Quiz of the Year (Part 1) December 18, 2020 It’s been a… strange year. But there have been some lighter, albeit somewhat baffling, moments in the business world. See if you can remember the highs and lows of 2020, from Barclays behaving badly to the aftermath of Carlos Ghosn’s daring escape – and look out for part 2 before the end of the year.
Barclays shares: Optimists see an opportunity April 29, 2019 By Graeme Evans from interactive investor. These results do not impress, but there’s lots going on at Barclays and plenty to interest investors. Without the attention generated by activist investor Edward Bramson, it’s likely that last week’s lacklustre investment banking performance at Barclays (LSE:BARC) may have been passed off as just another quarter blighted by [...]
Global banking powerhouses await forex class action ruling July 12, 2021 A London court this week will rule whether a multi-billion-pound class action filed against the world’s largest banks over accusations of foreign exchange rigging can proceed. Barclays, NatWest, UBS, Citigroup, JPMorgan and MUFG Bank are waiting to see whether they will face the first forex class action in the UK after the five-day hearing kicked [...]
Care home landlord Impact Healthcare REIT taps shareholders for £35m April 30, 2021 Care home landlord Impact Healthcare Real Estate Investment Trust (REIT) has raised £35m through a share placing to pay down debt and fund new investments. The firm said this morning that 31,690,327 ordinary shares will be issued at a price of 111.5p per share, with the proceeds used to repay its revolving credit facility. The [...]
Consumer spending grew in April as high streets and hospitality reopened May 11, 2021 Consumer spending was up 0.4 per cent higher last month than in April 2019, as Brits rushed out to take advantage of the easing of lockdown restrictions. Last month the first major move away from a full lockdown took place, with shoppers finally allowed to visit non-essential retail stores, and hospitality venues – so long [...]