Budding economic recovery set to support sterling in weeks ahead, analysts argue February 26, 2024 A budding economic recovery and a later start to the Bank of England's interest rate cuts will support sterling over the coming weeks.
Citi capitalises on investment banking rebound as Jane Fraser’s overhaul in focus July 12, 2024 Citi outperformed expectations in the second quarter as the bank was lifted by a strong investment banking performance and lower costs.
BHP abandons £39bn pursuit of Anglo American May 29, 2024 BHP has abandoned its pursuit of Anglo American today after the London-listed firm refused to offload its South African iron ore business prior to a deal and declined to extend takeover talks.
Silicon Valley Bank one year on: Is another banking crisis around the corner? March 12, 2024 One year on from the collapse of Silicon Valley Bank - could another crisis be around the corner?
ITV ‘actively exploring’ Traitors producer All3Media acquisition June 16, 2023 Broadcaster ITV has confirmed it is “actively exploring” an acquisition of Traitors producers All3Media. It follows reports the TV channel was seeking to buy the production company from its joint owners Warner Bros Discovery Inc., which is facing a debt issue, and Liberty Global. The business would be combined with ITV’s Studios unit, according to [...]
What do Aviva’s results mean for the insurer’s share price? March 9, 2023 British insurance giant Aviva today set out plans to buy back £300m worth of its own shares from investors, after posting what analysts and the firm itself described as “strong” results for 2022. Aviva’s announcement saw its share price jump by almost four per cent in trading this morning, before settling at a rate almost [...]
Lloyds pushes staff to return to office as banks lead charge against working from home September 4, 2023 Earlier this year, the bank told workers that they had to come into the office for at least two days a week.
Goldman profit down over a third as boss David Solomon hopes for ‘recovery’ in dealmaking October 17, 2023 Investment banking fees climbed one per cent thanks to an improvement in revenue from debt and equity underwriting.
Just Stop Oil BLOCK England cricket team from reaching Lord’s and say: “oil and gas have had a good innings” June 1, 2023 Protestor group Just Stop Oil have this morning blocked a road which has disrupted the England cricket team’s journey to Lord’s. Ben Stokes and his men are set to face Ireland this morning on the first day of their pre-Ashes Test. But batter Jonny Bairstow – who is back in the side having sustained a [...]
JP Morgan sets aside $10.5bn to cover loan defaults due to coronavirus pandemic July 14, 2020 Investment bank JP Morgan Chase & Co has set aside $10.5bn (£8.38bn) of reserves to cover a potential surge of loan defaults due to the coronavirus pandemic as US cases of Covid-19 continued to rise. The bank increased its provision for credit losses by $9.3bn compared to the previous year reflecting the “deterioration and increased [...]