Why this weekend is the biggest round of this year’s Premier League title race January 13, 2023 If the Premier League season is the proverbial marathon rather than a sprint, then this weekend sees the pacesetters in the title race, Arsenal and Manchester City, approach the halfway marker. As they do so, they face personal duels with bitter rivals that could have a huge impact on their momentum heading into the second [...]
Goldman Sachs’ new fintech unit racked up staggering £2.5bn loss since 2020 January 13, 2023 Goldman Sachs’s new fintech unit, Platform Solutions, lost $3bn (£2.5bn) since 2020 according to earnings reports republished by the bank on Friday. Platform Solutions – a new unit housing fintech and many of Goldman’s consumer banking products such as the Apple Card and Greensky – was announced as part of restructuring plans in October. To [...]
Blackrock’s profit and AUM down but world’s largest fund manager reports net inflows of $146bn January 13, 2023 Blackrock reported an 18 per cent drop in its fourth-quarter profit blaming an ‘operating environment unlike anything we’ve seen in decades’. The world’s largest fund manager still managed to net increase inflows, which totalled $146bn during the three months ending 31 December. Blackrock’s net income income fell 23 per cent to $1.3bn (£1.1bn) from $1.6bn [...]
Bank of America reports one of ‘best years ever’ while income at Wells Fargo and Citi falls January 13, 2023 Bank of America, Wells Fargo and Citigroup all beat consensus estimates in their quarterly earnings reports, despite substantial falls in income at the latter two. Bank of America had an excellent quarter, making 2022 “one of the best years ever for the bank”. In the fourth quarter Bank of America’s net income increased slightly to [...]
First-time buyers spend 39 per cent of take home pay on a mortgage – Nationwide January 13, 2023 Homes for first-time buyers are at their most expensive as a proportion of take-home pay since the financial crisis. The proportion of monthly income that first-time buyers are having to put towards mortgage repayments is returning to levels last seen in the 2008 financial crisis, according to Nationwide. Nationwide, the UK’s third largest lender has [...]
Dimon heralds ‘fortress balance sheet’: JP Morgan revenue up 17 per cent as interest rate boon continues January 13, 2023 JP Morgan beat expectations in its quarterly results, reporting increases in both income and revenue as higher interest rates continued to benefit the Wall Street giant. In the three months to December 31, JP Morgan reported net income of $11.0bn (£9.0bn), up from $10.4bn in the same period last year. The bank’s earnings per share [...]
Elvis star Austin Butler’s Golden Globes speech declaring “love” for Lisa Marie Presley goes viral January 13, 2023 Elvis star Austin Butler declared his “love” for Lisa Marie Presley just two days before she tragically passed away aged 54. In a passionate speech upon accepting his Best Actor award at the Golden Globes, Austin Butler leant into his adoration for Elvis’ family and how they had supported and guided him throughout the filming [...]
Very: Shoppers splurge on air friers and games consoles, but group sales slide January 13, 2023 Sales at online retailer Very rose 2.2 per cent year-on-year during the busy festive season. Toys, gifts and beauty and home departments were the main beneficiaries of the spending splurge, with sales up 17.7 per cent and 10.2 per cent respectively. Games consoles and Ninja air fryers were the bestselling items during the seven weeks [...]
EP: 177 Kempton, Warwick & Hong Kong January 13, 2023 Kempton pay tribute to two former equine stars with the Grade 2 Silviniaco Conti Chase and the Lanzarote Hurdle featuring on their Saturday racecard, whilst Warwick is the venue for two further Grade 2 jumps races on the same afternoon. City AM Racing editor Bill Esdaile previews the best of the weekend action with Wally [...]
January 14th – Punter Podcast Summary January 13, 2023 You can now hear all of City AM racing editor Bill Esdaile’s weekend tips in a short, summary episode of the Punter Podcast alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade with [...]