Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
Vulture funds circle for almost a quarter of Stonegate pubs October 15, 2023 Vulture funds are reportedly eyeing a portfolio of 1,000 British pubs as Stonegate grapples with rising interest rates on a multibillion-pound debt pile. US distressed-debt investors Cerberus and Morgan Stanley Real Estate are among a host of others to have submitted bids for almost a quarter of the pub estate owned by Stonegate. In a [...]
Barclays probed by privacy watchdog over reports of spying on staff August 9, 2020 Barclays is being investigated by the Information Commissioner’s Office (ICO) following accusations that it spied on its staff. The UK’s data and privacy watchdog said a formal probe is ongoing, but could not say when it may conclude. It follows a report by City A.M. earlier this year that Barclays was piloting a system which [...]
Mark Kleinman: Dr Martens boss risks tripping over his own shoelaces December 7, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Mike Ashley’s Frasers Group begins £80m share buyback scheme June 18, 2024 Mike Ashley's Frasers Group, which owns the likes of House of Fraser and Sports Direct, has launched a new share buyback programme of up to £80m.
Mark Kleinman: The inquest into Wilko’s demise has only just begun September 14, 2023 Mark Kleinman is City editor at Sky News Inquest into Wilko’s demise has only just begun Few things elicit British consumers’ sentimentality like the imminent disappearance of a once-proud high street name. For Woolworths in 2009 and BHS in 2016, read Wilko in 2023. The sad fate of more than 10,000 employees at the family-owned [...]
Europe’s £10bn cum-ex tax scandal set to rumble Square Mile after key ruling November 13, 2023 Banks and investors in the Square Mile are set to be hit with more claims over Europe's biggest ever tax scam following a key ruling last week.
Metro Bank shareholders back rescue plan as lender reiterates branch commitment November 27, 2023 The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially.
Sally Bolton interview: Wimbledon CEO on taking the Championships to the US July 2, 2023 Wimbledon CEO Sally Bolton on growing the Championships’ presence in the US, how it chooses its partners and its unique business. In SW19, there is no mistaking when the Wimbledon Championships are in full swing. Thousands of tennis fans descend on the All England Club; the air is thick with the scent of grass, Pimm’s [...]
UK banks take first steps towards boosting bonuses after watchdogs scrapped cap February 26, 2024 UK banks are cautiously paving the way to awarding bigger bonuses after the financial watchdogs scrapped the cap on variable pay last year.