Abrdone: Can the vowel U-turn save Aberdeen? March 4, 2025 Abrdn has re-added the vowels to its name as part of a shocking branding U-turn. But will it play a role in rebuilding the asset manager’s fortunes? Does it even matter in the grand scheme of things? The much-mocked corporate moniker was finally retired today after years of Square Mile sniggering and, it must be [...]
Canada and Mexico tariffs: No10 stresses ‘balanced’ trade relationship with US March 4, 2025 The UK has a “strong, fair, balanced and reciprocal trading relationship” with the United States, No10 has stressed, as US tariffs came into force against Canada and Mexico. President Trump’s tariffs on goods from Canada and Mexico took effect on Tuesday, with global markets put on edge and retaliations planned by the two countries – [...]
HSBC’s ‘never had it so good’ say Barclays analysts March 4, 2025 Barclays analysts have said HSBC “never had it so good” as they predicted further growth and upsides for the FTSE 100 lender. Following the lender’s strong full-year performance, the analysts upgraded HSBC’s share price target by 28 per cent to 1,200p. The lender pocketed a pre-tax profit of £25.6bn in 2024, up from £24bn in [...]
Airbnb: Top UK and Northern European boss checks out March 4, 2025 Airbnb’s top boss in the UK and Northern Europe is to step down after four years in the role. Amanda Cupples was appointed general manager for the region in March 2021 and was responsible for UK, Ireland, Netherlands and the Nordics. Australian Cupples joined Airbnb from digital health company Babylon Health where she was first [...]
Blackstone targets Warehouse REIT for £470m takeover March 4, 2025 Warehouse REIT’s stock price has jumped almost 18 per cent after it was revealed the investment trust had rejected four separate bids for a takeover from US private equity giant Blackstone. Blackstone, as part of a consortium with investment giant Sixth Street, made a £470m offer for the investment trust last week, it announced today. [...]
HSBC searches for new UK boss following reshuffle March 4, 2025 Europe’s biggest lender HSBC is searching for a new UK boss following current chief executive Ian Stuart’s departure to a new role. Stuart led its UK business for eight years and is set to move to the bank’s operating committee. Following his successor’s appointment, Stuart will take the newly created title of group customer and [...]
CISOs losing ground to AI threats, Darktrace warns March 4, 2025 The threat of AI-driven cyber attacks is escalating, with 78 per cent of chief information security officers (CISOs) reporting a significant impact on their organisations. According to Darktrace’s newly released cyber security report, this represents a five per cent increase from last year. The findings, based on a survey of over 1,500 cyber security professionals, [...]
Tory MP warns UK should ‘consider possibility Trump is a Russian asset’ March 4, 2025 A Conservative MP has warned the UK should “consider the possibility that President Trump is a Russian asset”. Graham Stuart, a former Foreign Office minister, posted the remark on X, formerly Twitter, after the US President halted military aid to Ukraine. Overnight, the White House suspended delivery of ammunition and other equipment to Kyiv after [...]
NHS delays drive demand for private healthcare to record March 4, 2025 Private healthcare market has broken yet another record, with private hospital admissions hitting their highest Q3 on record
31-story skyscraper on 130 Fenchurch Street inches towards a green light March 4, 2025 Proposals for a “showpiece office building” on 130 Fenchurch Street are open for further consultation ahead of an application for planning permission. Designs for the revamped building at the site of City AM’s former HQ Fountain House detail 31 storeys of office space, an improved streetscape and street-level amenities. “[The proposals] aim to create a [...]