Latin America’s richest man takes £400m stake in BT June 12, 2024 Analysts said the move reflects the "good recent momentum" for BT, especially after chief Alison Kirkby recently revealed a £3bn cost-saving initiative.
Dunelm adds Mastercard UK boss to executive team March 11, 2024 Dunelm has added Mastercard's UK and Ireland president to its executive team.
NatWest tumbles to £351m loss in 2020 as bank shuts door on Irish market February 19, 2021 NatWest has today announced that it will pull out of its operations in the Republic of Ireland after reporting a £351m annual loss. The bank intends to withdraw from its Ulster Bank but operations will not be affected in Northern Ireland. It will exit the country following a strategic review and send $4.84bn worth of [...]
It’s over: FTSE 100 giant Hargreaves Lansdown receives £5.4bn private equity bid August 9, 2024 Hargreaves Lansdown has finally received an official bid from potential private equity buyers that management is prepared to recommend to shareholders. The £11.10 share bid, along with a dividend of 30 pence for the end of the financial year, came after months of negotiations between the DIY platform business and the consortium of private equity [...]
‘FCA claimed a big scalp’: NatWest’s £320m money laundering fine sends message to the entire City October 8, 2021 NatWest is this morning staring at the prospect of a fine of up to £320m following the bank’s admission of guilt yesterday in relation to three charges of money laundering. The banking giant admitted it had failed to properly monitor £365m when it was deposited into a customer’s account. The case is widely seen as [...]
Natwest buys Metro Bank’s £3bn mortgage portfolio December 18, 2020 Natwest is set to buy Metro Bank’s £3bn mortgage portfolio in a deal which will see 13,000 customers transferred over to the lender. The deal comes after the high street bank returned to profit after taking a £.21bn hit from the pandemic in the first half of the year. “Growing our mortgage book is an [...]
Aramco Team Series: Jin Young Ko adds to stellar field in Hong Kong October 4, 2023 Former world No1 Jin Young Ko will go up against Lilia Vu, Rose Zhang and Carlota Ciganda at the Aramco Team Series in Hong Kong.
Ex M&S boss Lord Rose headed for Asda chairman seat November 23, 2021 The former Marks & Spencer chairman and Land Securities chairs have been announced as new appointments to Asda’s board of directors. Asda said Lord Rose (formerly of Marks & Spencer) has been appointed chairman of the retailer while Dame Alison Carnwath (formerly of Vitec and Land Sec) will join as a non-executive director. The pair [...]
Bank earnings preview: What to expect in this week’s quarterly results April 26, 2021 While the banking sector has recovered somewhat in the past two months this week the issue of bad loans and customer defaults will be front of mind. The sector set aside billions in provisions for bad loans at the start of the pandemic, expecting a huge increase in defaults. However with thanks to government support [...]
Natwest vows to boost number of black employees in senior roles October 20, 2020 Natwest has vowed to boost the number of black staff in senior roles from one per cent to three per cent, as the British bank seeks to shake up its image as part of a new racial equality pledge. The boost would bring Natwest’s diversity in line with the black population in England and Wales, [...]