Barclays pulls back from Africa with £538m Absa sale September 1, 2022 British lender Barclays announced it had shed its remaining 7.4 per cent stake in South African bank Absa today as it dramatically pulls back its presence in Africa. Bosses at Barclays said this morning the sale would earn Barclays around £538m, representing around a £31m loss on its investment. The sale followed an announcement from [...]
SoftBank executive steps back from key roles after record losses August 31, 2022 SoftBank’s executive Rajeev Misra has stepped down from his roles as corporate officer and executive vice president as the investment giant reels from record losses this year.
City impact investment chief Jim Roth on greenwashing: ‘If you can’t measure it, you cannot manage it’ August 31, 2022 So-called “green” investment claims, and the substance behind them, are dominating the agenda of many City firms and the wider UK business community. ESG disclosure regimes aim to counter “greenwashing” by requiring financial firms who have marketed their investment products as “green” to disclose data relevant to their investments’ sustainability. However, the relatively new City [...]
Laybuy to share data with credit agencies as BNPL firms clampdown on borrowing August 31, 2022 Laybuy has become the latest buy-now pay-later firm to commit to sharing customer data with credit rating agencies today as the sector looks to clampdown on vulnerable shoppers taking on unaffordable debt.
What are the best FTSE 100 dividend stocks for September 2022? August 30, 2022 | City Talk In this new inflationary reality, the best FTSE 100 dividend stocks are not just those which are highest yielding, but also those which are most likely to continue to pay their dividends through what could become a severe recession. The FTSE 100 is by its nature defensive, down a mere 1% year-to-date. But with the downturn almost [...]
Investor confidence is ‘the lowest we have seen’, warns Hargreaves Lansdown chief August 30, 2022 The chief of retail investment platform Hargreaves Lansdown warned that investor confidence was at an all time low today as he encouraged Brits to shrug off the “short term volatility” that has rocked equity markets this year.
Monday read: Five day week is ‘in many cases not fit for purpose’, says Atom Bank chief August 29, 2022 The concept of a five day working week is " in many cases no longer fit for purpose for 21st century businesses”, the chief of digital lender Atom Bank said today as he hailed the success of a four day week at the firm.
NFTs worth more than $100m stolen in the past year August 24, 2022 Over $100m worth of non-fungible tokens (NFTs) have been reported as stolen in the past year as scammers pounced on a surge in interest in digital assets, new data has revealed.
Aveva shares surge as Schneider mulls takeover August 24, 2022 Shares in British software group Aveva leapt over 30 per cent today after French industrial group Schneider said it was mulling a full buyout of the firm.
HSBC agitator Ping An claims ‘we are not an activist’ despite break-up calls August 24, 2022 The investor pushing for a break up of HSBC has claimed it is “not an activist investor” today and simply cares about returns.