Peter Hargreaves to sell £300m worth of shares in Hargreaves Lansdown February 16, 2021 The co-founder of Hargreaves Lansdown, one of the UK’s largest financial services firms, has announced he is selling £300m worth of shares in the company. Peter Hargreaves, the largest shareholder in the firm he set up in 1981, will sell the shares through an accelerated bookbuild offering to institutional investors. Barclays, which is acting as [...]
Wall Street joins FTSE in the red following gloomy jobs data February 18, 2021 Wall Street faced a sea of red this morning as shares slid across the board after an unexpected rise in weekly jobless claims highlighted the fragile labour market recovery. A report from the US Labor Department showed initial claims for state unemployment benefits were 861,000 last week, compared with 848,000 in the prior week. The [...]
Thousands of websites including Amazon, UPS, HSBC, BA, Airbnb and HBO hit in major global outage July 22, 2021 A major server outage brought down thousands of websites across the UK, US and around the world, including HSBC, Barclays, American Express, Delta Airlines, Tesco Bank, alongside the PlayStation Network, Airbnb and Waitrose, as well as ITV and TSB. British Airways was also down. A message on the BA website read: “Service Unavailable – DNS [...]
Rishi Sunak promises to protect the City from Brussels’ financial services bid June 8, 2021 Rishi Sunak, the Chancellor, promised that the City will remain “competitive and dynamic” even in the face of Brussels’ bid to unseat it from its crown, in a private call with banks. Sunak described the financial services industry as a “crown jewel” and, according to reports, said the country will fight to protect it. The [...]
UK banks: What to make of Lloyds, RBS and Barclays? May 29, 2019 By Graeme Evans from interactive investor. Having underperformed since April's stock market peak, here's what to expect from the domestic lenders. With UK banks making heavy weather of Q1 results and the Brexit shackles still in place, there's a clear lack of momentum behind shares of Lloyds Banking Group (LSE:LLOY), Barclays (LSE:BARC) and The Royal [...]
Trio of ex-Barclays execs facing October trial over Qatar financial crisis fundraisings August 8, 2019 Three senior former Barclays executives are set to face a criminal trial in October on charges relating to their involvement in Qatar’s participation in an emergency fundraising at the height of the financial crisis. Barclays’ former investment head for the Middle East and north Africa Roger Jenkins, former wealth management boss Tom Kalaris and former [...]
City of London’s biggest competition post-Brexit will not be EU, says Raab February 14, 2021 The UK’s financial services industry will face its biggest post-Brexit competition from Asia and the US, according to foreign secretary Dominic Raab. Raab said EU financial capitals may “nick a bit of business here and there from the City”, but that they will not challenge London’s status as Europe’s global financial capital. It comes as Amsterdam [...]
Canadian semiconductor firm Alphawave plans $4.5bn London IPO April 22, 2021 Toronto-based Alphawave is planning a London listing after setting a valuation of $4.5bn from cornerstone investors. The company is just four years old and develops technology that pushes data through data centres and phone networks. Alphawave said funds and accounts managed by Blackrock and Janus Henderson have entered agreements to subscribe $510m of offer shares [...]
David Beckham scores stake in UK electric vehicle firm Lunaz June 3, 2021 David Beckham may be known for his impressive collection of classic cars, but the former England footballer is now swapping gas-guzzlers for electric vehicles. The maverick midfielder has taken a 10 per cent stake in Lunaz, a Silverstone-based company that electrifies classic cars such as Bentleys, Rolls-Royces and Jaguars. He joins a star-studded teamsheet of [...]
M&C Saatchi lifts forecasts after new client wins June 1, 2021 M&C Saatchi has lifted its forecasts for the full year as it hailed better-than-expected trading in the first four months of the year. The advertising group said business had been stronger than anticipated as the easing of lockdown restrictions sparked signs of a recovery in ad spend. The London-listed firm also secured business from a [...]