Law firm DWF announces intention to float in UK’s largest legal listing January 31, 2019 Law firm DWF yesterday announced its intention to float on the main market of the London Stock Exchange in what would make it by far the largest law firm to go public worldwide. The firm would become just the sixth publicly traded UK law firm, the first to list on the main market and the [...]
Stock market slide continues after Amazon fails to deliver the goods October 26, 2018 The UK stock market slide has continued this morning after disappointing overnight results from US tech giants Google and Amazon. Joshua Mahony, market analyst at IG, said: “European markets are in decline yet again, with the stock market rout that has dominated throughout the month of October showing little signs of letting up.” The FTSE [...]
RBS shares jump as it prepares to pay shareholders its first dividend since the financial crisis October 12, 2018 Royal Bank of Scotland (RBS) is set to pay its first dividend since the financial crisis, it said today. The dividend of 2p per share will be its first since 2008, when it nearly went bankrupt, forcing the government to buy up its stock. Read more: RBS introduces 1.5 per cent savings rate days after [...]
Law firms lead Stonewall’s top LGBT-inclusive employers January 30, 2020 City law firms are some of this year’s most inclusive employers for the LGBT community, with 15 topping Stonewall’s employers of the year. Legal organisations were the second most inclusive sector, with fifteen firms on the list. Last year’s winners Pinsent Masons topped the private sector employers at fourth place. Mayer Brown and the Solicitors Regulation [...]
RBS in talks with the Bank of England over share buyback plans September 20, 2018 The Royal Bank of Scotland has started discussions with the Bank of England over a special share buyback in a bid to speed up the privatisation process. Speaking at a conference in New York RBS deputy chief financial officer Katie Murray confirmed that the bank is in talks with the Prudential Regulation Authority (PRA) over the details of [...]
RBS in talks with the Bank of England over share buyback plans September 20, 2018 The Royal Bank of Scotland has started discussions with the Bank of England over a special share buyback in a bid to speed up the privatisation process. Speaking at a conference in New York RBS deputy chief financial officer Katie Murray confirmed that the bank is in talks with the Prudential Regulation Authority (PRA) over the details of [...]
Digital banking firm FairFX enjoys 100 per cent profit rise despite weak pound and hot summer September 26, 2018 Digital banking provider and currency exchange FairFX has reached its one millionth customer and reported turnover of £1.1bn despite a weak pound and hot UK summer. The e-banking specialist, whose rivals include Monzo and Starling, enjoyed a 100 per cent increase in profit to £9.7m for the six months to 30 June. The company [...]
RBS announces interim chief financial officer as Ewen Stevenson prepares to depart August 17, 2018 The Royal Bank of Scotland (RBS) said today it is to appoint deputy chief financial officer Katie Murray as interim CFO in October, replacing outgoing CFO Ewen Stevenson, who is set to join HSBC. Stevenson will step down after four years in the role on 30 September and will be placed on gardening leave until the end of November. Stevenson [...]
FTSE 100 sinks deeper as oil prices continue collapse April 21, 2020 The FTSE 100’s losses mounted up today as US oil prices returned into negative territory despite Europe beginning to relax coronavirus lockdowns. London’s blue-chip index dropped 2.25 per cent by 2pm, after opening around 1.3 per cent down this morning. The FTSE 100 lost 131 points to hit 5,681 points as oil majors and energy [...]
RBS warns of peer-to-peer lending and shadow banking risks September 12, 2018 Risks to the financial system are being pushed out of the regulated banking sector to less regulated areas, according to the chair of Royal Bank of Scotland (RBS). Sir Howard Davies highlighted peer-to-peer lenders and the shadow banking system as areas where systemic risks could build up in a speech today. Read more: RBS chief [...]