TP Icap stock surges 10 per cent on energy market boom March 12, 2024 TP Icap cited the "improved market activity across oil, power and gas," due to the disruptions caused by the war in Ukraine, which pushed up trading activity.
Profit slips at the Co-op Bank as Coventry Building Society continues to circle February 28, 2024 Despite seeing an increase in net interest income, thanks to higher interest rates, the bank saw costs increase significantly which dented its bottom line.
Politicians promising growth must not forget about financial services February 26, 2024 In a recession, the UK should remember its greatest strength: financial services, argues Chris Hayward
Post Office row: Top civil servant denies telling Henry Staunton to delay payments February 22, 2024 A senior civil servant has denied tellilng former Post Office chairman Henry Staunton to delay the Horizon IT compensation payments.
Gilts opened up to retail investors as Treasury seeks new sources of demand February 22, 2024 The changes will allow retail investors to participate in the auctions for the first time, meaning investors can benefit from the slightly discounted prices attached to new bonds.
Capital One announces tie-up with Discover in $35.3bn deal creating payments giant February 20, 2024 "Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises," said Richard Fairbank, founder, chairman and chief executive officer of Capital One said.
UK trade policy must focus on services, top City figure urges February 19, 2024 The UK’s trade policy must “flip” to focus on services, given the country is no longer a “nation of shopkeepers”, a senior City of London figure is to argue.
European stagnation showing up in company results as continent falls behind US rivals February 19, 2024 According to analysis from Liberum, S&P 500 listed firms who have reported results for the fourth quarter have seen revenue growth of 3.7 per cent year-on-year.
Santander announces plans for £4.7bn shareholder distribution following record results February 19, 2024 Santander announced that it will seek to pay out £4.7bn to shareholders just weeks after the bank unveiled record annual profits in 2023.
Financial services jobs ‘highly exposed’ in globalisation shift, report warns February 19, 2024 The share of trade across the economy as a whole has increased from 53 per cent of GDP in 2000 to 65 per cent in 2023.