Dubai calling: City set for closer ties with UAE as ministers pen cooperation deal October 26, 2023 The UK is set to pen a deal to forge closer ties with the United Arab Emirates on financial services today as ministers look to tap into deep pools of capital and promote cooperation between the City and the Middle Eastern state.
FTSE 100: Natwest, Barclays and Lloyds shares drop on fears of Labour tax raid August 28, 2024 Shares in the UK's largest banks dropped on Wednesday amid concerns that the new Labour government could raise taxes on the sector in October's Budget.
Manchester United agree record-equalling £60m-a-year shirt sponsorship deal September 13, 2023 Manchester United have agreed a world record-equalling £60m-a-year sponsorship deal with computer chip maker Snapdragon.
FTSE 100 close: London markets slip into red as optimism from China stimulus wears off September 4, 2023 The blue-chip FTSE 100 index fell 0.16 per cent at 7,452.76 while the midcap FTSE 250 index fell 0.1 per cent to trade at 18,524.14.
The Notebook: Victoria Scholar on a wave of bank results, Elon Musk, and a holiday read February 22, 2023 The Notebook is where interesting people say interesting things. Today it’s Victoria Scholar, head of investment at interactive investor, on bank results, Elon Musk and an unputdownable holiday read Bank on it? With UK banks currently reporting earnings, key themes so far have been rising interest rates, growing credit loss provisions, share buybacks, volatile financial [...]
Natwest profits soar but customers withdraw £1bn as cost of living and tax bills bite April 28, 2023 Natwest has beaten profit expectations during the first three months of this year. Natwest Group, which includes Royal Bank of Scotland and Ulster Bank, recorded a pretax profit of £1.8bn in the three months ending 31 March. The total comes in ahead of analysts’ expectations of £1.6bn for the quarter and ahead of the £1.2bn during [...]
Ethereum spot ETF approval odds increase as crypto voters influence US election May 22, 2024 Before Monday, the hopes of Ethereum’s US spot Exchange Traded Fund (ETF) approval seemed slim. Bloomberg ETF Analysts, such as Eric Balchunas and James Seyffart, had put the probability of approval at around 25%.
City Companies Celebrate National Volunteers Week June 3, 2024 To celebrate National Volunteers Week taking place from 3-9th June, The Lord Mayor’s Appeal asked City Giving Day participants to share their inspiring volunteering stories. Sally Yiallouros, UK Corporate Responsibility Lead at EY “Volunteering is one of the ways we live by our EY purpose of building a better working world, and my role as [...]
FTSE 100 weighed down by banks and pound strengthens on Sunak’s second day in No 10 October 26, 2022 London’s FTSE 100 was dragged down today by investors ditching shares in the UK’s largest banks despite a strong set of results, but managed to squeeze gains thanks to a late rally. The capital’s premier index jumped 0.61 per cent to over the 7,000 mark points, while the domestically-focused mid-cap FTSE 250 index, which is [...]
HSBC and Standard Chartered slammed for supporting China’s Hong Kong security law June 4, 2020 HSBC and Standard Chartered have today been critcised for their support of China’s new security law for Hong Kong. HSBC’s Asia-Pacific chief executive Peter Wong signed a petition backing the law, the bank said. HSBC said in a statement: “We respect and support laws and regulations that will enable Hong Kong to recover and rebuild [...]