Explainer-in-brief: Ben Wallace and his hardline for defence spending October 27, 2022 Ben Wallace is one of the few faces in Rishi Sunak’s cabinet who hasn’t been doing a kind of hokey-poke between his department and the back benches. The Defence Secretary has significant political pull as a result of his handling of the war in Ukraine and has consistently tried to stay above the internal turmoil [...]
Truss refuses to commit to more tax cuts in apparent row-back on Kwarteng comments September 29, 2022 Liz Truss has refused to commit to more tax cuts in an apparent row back of earlier comments from Kwasi Kwarteng. Truss today told BBC London that it was important to be “fiscally responsible” and to “bring debt down over time”, after being asked if she would bring in more tax cuts. Truss and Kwarteng’s [...]
War in Europe: World leaders react to Russia’s invasion of Ukraine February 24, 2022 Western world leaders have been united in their condemnation of Vladimir Putin’s decision to invade Ukraine this morning, with Nato countries preparing to implement a tough package of sanctions against Russia. Boris Johnson this morning said Putin’s invasion was a “a catastrophe for our continent”, with the Prime Minister set to make an address at [...]
Peel Hunt records £1.5m loss as revenue down almost £50m amid ‘extraordinary’ market turmoil June 16, 2023 Investment banking firm Peel Hunt recorded a loss of £1.5m after warnings the UK is experiencing “extraordinary” market turmoil. The company reported revenue of £82.3m, down £48.7m on last year’s £131m, it made a loss before tax of £1.5m – a drop from the previous 12 months’ pre tax profits of £41.2m. CEO Steven Fine [...]
CMC Markets: Meme-stock army is losing interest as trading falls June 13, 2023 Trading platform CMC Markets warned of a slowdown in trading on its platforms today as it revealed profits had fallen beyond 40 per cent in the year to the end of March.
Hargreaves Lansdown appoints Dan Olley as new chief December 8, 2022 Hargreaves Lansdown announced that Dan Olley would take over the reins of the trading platform from next year as Chris Hill prepares to step down after six years in charge.
Bridgepoint hopes for deals rebound later this year as sluggish exit market hits income July 25, 2023 Private equity giant Bridgepoint said it was betting on a rebound in dealmaking in the second half of the year today after its investment income slumped in the first six months amid lingering volatility and a sluggish exit market.
Ukraine war: Peace talks set to resume as Kyiv recaptures villages March 27, 2022 Ukrainian and Russian officials will resume peace talks in Turkey tomorrow, after Kyiv claimed that its forces have re-taken villages near two major cities under fierce attack. David Arakhamiya, a member of the Ukrainian negotiating team, today said on a Facebook video that another round of in-person negotiations will happen between 28 and 30 March. [...]
European banks forced to hand over more liquidity data to the ECB after SVB collapse July 23, 2023 European banks will have to provide regulators more frequent information on liquidity levels starting from September, a top supervisor said over the weekend. In an interview published on the European Centra Bank’s (ECB) website, Andrea Enria, chair of the ECB supervisory board, warned that European banks were still in a “delicate phase” due to the [...]
Meeting of minds? Putin and Xi to meet before the end of the year December 26, 2022 Russian President Vladimir Putin and his Chinese counterpart Xi Jinping will speak before the end of the year, Russian state news agency TASS said on Monday, without giving details of the timing or format. It quoted Kremlin spokesman Dmitry Peskov as saying the two sides would release details in due course. Putin and Xi proclaimed [...]