Metro Bank’s largest City shareholder sells stake after private equity buyer walks November 22, 2021 A leading institutional investor has cashed in its shares at Metro Bank after a US private equity buyer walked out on takeover talks.
UBS: Ex-Morgan Stanley president Colm Kelleher to succeed Axel Weber as chair November 22, 2021 Colm Kelleher has been proposed as the next chair of UBS, the company confirmed this morning.
Neglecting parts of the UK has led to ‘branch line’ economy, warns CBI chief November 22, 2021 A leading business group warned this morning that parts of the UK have been neglected over decades, leading to a “branch line” economy. The CBI said delivering economic growth across the country will be the determining factor in whether the Government’s levelling up agenda will be a success. Director general Tony Danker said clusters of [...]
Deutsche Bank nominates Alexander Wynaendts as next chairman November 21, 2021 Deutsche Bank’s board will nominate Alexander Wynaendts as the new chairman at the bank’s annual general meeting in May 2022. If elected, Wynaendts will replace Paul Achleitner, who served as chairman for 10 years and decided not to run for re-election. “It is a great honour to have been nominated by Deutsche Bank as a [...]
Visa chief exec calls out ‘inaccurate’ Amazon high fee claims November 20, 2021 Visa's chief executive has hit back at Amazon's dramatic decision to block UK Visa credit cards, according to reports.
After Amazon’s dramatic move to block Visa credit cards, businesses sound the alarm: Card fees are out of control November 20, 2021 E-commerce giant Amazon confirmed to City A.M. yesterday that it intends to stop accepting payments made using UK Visa credit cards from early next year. The online retailer said that Visa credit cards issued in the UK will be blocked from use on its site from January 19. The move sent shockwaves through Britain’s consumer [...]
Checking out: Ryanair confirms plans to delist from London Stock Exchange November 19, 2021 Ryanair is leaving the London Stock Exchange amid rising admission costs in a move that could be seen as a post-Brexit snub.
Nationwide profit more than doubles as UK economy recovers November 19, 2021 Nationwide has reported that its profits more than doubled for the half-year, amid the UK's economic recovery.
Retail sales jump by modest 0.8 per cent in October November 19, 2021 UK retail sales rose in October, ending a five-month run of falling or flatlining sales, according to official figures. The Office for National Statistics (ONS) said retail sales volumes rose by 0.8 per cent last month compared to September, following no movement between September and August. The ONS said non-food stores were the only main [...]
Markets spit out Metro Bank as private equity giant Carlyle walks away from takeover talks November 18, 2021 US private equity giant Carlyle has walked away from talks to buy British high street lender Metro Bank, prompting markets to spit out the lender. Its shares plummeted over 19 per cent today. However, they are still above where they were before Metro Bank announced it was being courted by Carlyle. However, that take did [...]