One year on, is the consumer duty helping or hindering the City? July 31, 2024 Today, the consumer duty’s final deadline comes into force. The set of regulations implemented by the Financial Conduct Authority a year ago has finally been set in stone for so-called closed products, with all financial services companies now forced to "put their customers' needs first.
GSK: Pharma giant raises guidance after second quarter sales give shot in the arm July 31, 2024 London-listed pharma giant GSK has raised its guidance after a strong second quarter beat market expectations, boosted by its cancer and HIV portfolio. Total sales in the second quarter of 2024 reached £7.9bn, an increase of 13 per cent year on year. Core operating profit at the pharma company rose by 18 per cent on [...]
Rathbones profit skyrockets 120 per cent as Investec merger pays off July 31, 2024 Rathbones Group's underlying profit before tax skyrocketed 120 per cent in the first half of the year, after its merger with Investec W&I.
HSBC unveils another £2.3bn buyback in CEO Quinn’s last results July 31, 2024 HSBC announced yet another share buyback scheme and upped its guidance for the remainder of the year after beating expectations in the second quarter.
Crypto-Friendly Sygnum Bank Posts Record Profit and $4.5 Billion in Client Assets July 31, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Sygnum Bank has announced its first-half profit for 2024, driven by a substantial increase in crypto trading volumes. The bank, which holds $4.5 billion in client assets, attributed this [...]
Iconic Millbank Tower evicts tenants ahead of conversion into flats July 31, 2024 The landlord of the iconic Millbank Tower, where the Labour Party hatched its landslide 1997 election campaign and Leave.EU cooked up its winning plans for Brexit, has begun evicting tenants ahead of a long-planned revamp into luxury flats, City A.M. has learned.
Tillit: How one investment platform is trying to change the industry July 31, 2024 The CEO of one of the newest DIY investment platforms has called on her competitors to up the quality of their investment information.
Wizz Air: We are not the worst airline in the UK (after being voted the worst, again) July 31, 2024 The Hungarian budget carrier has repeatedly come out bottom of the pile of a number of Which? surveys assessing the UK airline industry.
Sadiq Khan’s office apologises after failing to probe concerns tied to ex-deputy mayor July 31, 2024 The Mayor of London’s office has apologised to a whistleblower after failing to investigate concerns around the business dealings of one of Sadiq Khan’s former deputies, Rajesh Agrawal, City A.M. can reveal.
Business confidence rebounds to eight year high following dip in June July 31, 2024 Business confidence rebounded sharply in July, a survey revealed, as firms felt a renewed sense of optimism about the UK’s economic prospects. Overall business confidence jumped by nine points to 50 per cent this month, according to Lloyds’ Business Barometer. The rebound in confidence during July brought business confidence back up to May’s level, which [...]