HSBC mulls merger of investment banking and commercial arms in cost-cutting drive September 9, 2024 HSBC is mulling a merger of its investment and commercial banking arms as part of a push by new chief Georges Elhedery to slash costs, according to reports. Elhedery, who took over as group CEO last week, is considering combining the lender’s global banking and markets arm with its trading and investment banking division, Bloomberg [...]
Thames Water creditors in funding drive to dodge special administration September 6, 2024 A group of Thames Water’s creditors are devising backup plans for a renewed injection of cash in a bid to prevent the firm from being effectively renationalised. The UK’s biggest water company is struggling under an £18.7bn debt crisis, and is in talks with lenders to provide it with fresh funding. The floundering utility firm [...]
Starmer: Nationalising debt-laden Thames Water ‘not consistent’ with our fiscal rules July 8, 2024 Nationalising Thames Water would “not be consistent” with Labour’s fiscal rules, the Prime Minister’s spokesman has said.
Blackrock: Biggest asset manager takes first step into financial data with £2.55bn Preqin deal July 1, 2024 Blackrock has agreed to buy financial data group Preqin for £2.55bn in cash, as the biggest asset manager in the world makes its first venture into financial information provision.
Election 2024: Kemi Badenoch hints at future leadership plans ‘after the election’ June 24, 2024 Kemi Badenoch appeared to hint at her leadership ambitions during a business debate, saying “we will talk about leadership things after an election”.
Bloomberg’s bobbies: Firm pays City Police £100,000 for added patrols around Arcade HQ May 8, 2024 Bloomberg pays roughly £100,000 a year to the City of London Police to patrol its iconic London headquarters, City A.M. has learned.
Watch out FTSE 100: Bloomberg is coming after ‘entrenched’ players April 30, 2024 The indices were launched last month in the UK as well as France, Germany, Italy and a range of other countries around the world.
The Notebook: Bloomberg London chair Constantin Cotzias on how the next mayor can keep the City thriving April 24, 2024 Bloomberg London chair Constantin Cotzias takes the Notebook pen to talk about what the City needs from the next mayor.
Bloomsbury weighs in for Christmas with double-digit profit growth October 26, 2023 This six month period was Bloomsbury's fourth consecutive double-digit growth period, with revenue up 11 per cent to £136.7 million and profit up 11 per cent to £17.7 million.