The Capitalist: Labour’s boost for wealth advisors and bane for private schools plus friends like Boris’
The impact of coronavirus on dividends April 2, 2020 As UK banks temporarily suspend all dividend payments, we discuss the effect coronavirus could have on a vital source of income for investors. What’s happening to dividends? The coronavirus crisis and oil price war are having a profound impact on economic growth and the cash position of companies. Many businesses in the most affected sectors [...]
Santander accused of circumventing professional PPI claims firms September 11, 2019 Professional claims managers have accused Santander of trying to minimise its PPI payments after the bank started going above their heads, dealing directly with customers. The bank confirmed it was talking to customers, skipping the claims management companies (CMCs) to save time on the process. Read more: Lloyds suspends share buyback as PPI costs rise [...]
Five things you need to know about HSBC’s radical overhaul strategy February 18, 2020 Banking giant HSBC today launched one of the most radical strategic overhauls by a blue-chip lender in the past decade in a bid to revitalise its stuttering operations. HSBC is seeking to slash annual costs by $4.5bn and shed $100bn of assets by 2022 in a bid to keep pace with leaner and more focused [...]
Sajid Javid to meet City figures for talks on a no-deal Brexit September 1, 2019 Sajid Javid will meet key City figures tomorrow in a bid to persuade them that a no-deal Brexit could provide opportunities for businesses. The chancellor is to hold a meeting with the bosses of financial powerhouses such as Barclays, Goldman Sachs and the London Stock Exchange Group on Monday, which will also be attended by [...]
City Moves for 27 September – Who’s switching jobs at Rowan Dartington, CRH and Equals Group? September 27, 2019 Today’s City Moves includes Dartington, CRH and Equals Group Rowan Dartington Fiona Richards has been appointed chief operating officer (COO) of wealth management firm Rowan Dartington. Fiona will be responsible for driving operational efficiencies and the development and execution of the firm’s strategic priorities. Fiona comes to the firm with 20 years’ diversified experience in [...]
FTSE 100 sinks into red on Trump’s threat to impose fresh China tariffs August 2, 2019 The FTSE 100 has slumped 1.7 per cent this morning, putting it on course for its worst day in more than four months after US President Donald Trump threatened to impose more tariffs on China. Trump’s threatened escalation in the trade war, plus tumbling shares in Royal Bank of Scotland (RBS) on the back of [...]
Alison Rose confirmed as new RBS boss September 20, 2019 Royal Bank of Scotland confirmed this morning that Alison Rose has been appointed as the firm’s first female chief executive. Rose, who is currently deputy chief executive of Natwest and the boss of the bank’s commercial arm, is replacing Ross McEwan at the helm of the company. Read more: RBS ‘returns from the wilderness’ with [...]
Genius Brewing, makers of healthy lager, to enter Dragons’ Den April 8, 2021 An innovative craft beer company producing a health-focused, light craft lager is set to go before the panel in tonight’s episode of Dragons’ Den. Jason Clarke and Charlie Craig, founders of Genius Brewing will take their 3% ABV, 79 calorie lager into the Den in the hopes of gaining backing for their ‘smart drinking’ company. [...]
Separatist Scots beware: A new Scottish currency would be catastrophic November 5, 2020 Some 12 out of the last 15 opinion polls on Scottish secession have shown majority support for splitting up the United Kingdom. During a period of unprecedented crisis, Scots have chosen to rally round the flag — only this time the flag is that of Scotland, not the UK. However, while polling numbers may be unnerving [...]
Tesco Bank sells 23,000-customer mortgage arm to Lloyds Banking Group for £3.8bn September 3, 2019 Tesco Bank has sold its mortgage business to Lloyds Banking Group for £3.8bn, in a move which will see its 23,000 customers switched to a new provider. The retail giant ceased all lending on its mortgages in May, as it announced it was trying to hive off its ledger book. Tesco, which said the portfolio [...]