The Festival of Words: From Gyles Brandreth to Anthony Scaramucci – all you need to know about the Fleet Street Quarter festival
US services growth ‘stalling’ as recession looms large May 5, 2025 Donald Trump’s tariffs are having a knock-on effect on growth in the US services, fresh data has suggested, as market uncertainty prompts business leaders to delay investment decisions. The US president’s trade policies have confused firms in the sector despite exemptions from taxes on imports, S&P Global said on Monday. April saw its lowest level [...]
Exclusive: Goldman Sachs International boss joins non-dom exodus April 24, 2025 Goldman Sachs’ most senior banker outside America is joining the growing ranks of wealthy foreigners leaving the UK to avoid the government’s crackdown on non-doms, City AM can reveal. Richard Gnodde, the investment banking juggernaut’s vice chairman, is moving to Milan to avoid changes the Chancellor made to the non-dom regime and foreign-held trusts in [...]
City bonuses beat Wall Street after cap scrapped April 22, 2025 UK financial services handed out the industry’s highest bonuses last year after taking advantage of the lifting of pay restrictions. Workers pocketed an average $149k (£114k) bonus in 2024, according to fresh data from jobs platform eFinancialCareers. This marked a 25.7 per cent jump from 2023 and sent the UK above North America, which rose [...]
Bank of America, JP Morgan, Goldman Sachs: Wall Street cashes in on market volatility April 15, 2025 Wall Street’s banking giants pocketed record revenues in the first quarter of 2025 as market volatility ramped up. Top lenders were able to smash profit expectations after reaping the rewards of a trading boom caused by President Donald Trump’s erratic tariff agenda. Trump’s bait-and-switch on tariffs triggered countless sell-offs as traders across the globe ditched [...]
Goldman Sachs: Profit jumps after record quarter for traders April 14, 2025 Goldman Sachs posted a 15 per cent jump in first-quarter profit. The Wall Street giant’s revenue was boosted by record equities trading amid market volatility. The bank’s first-quarter net revenue was $15.06 bn (£11.4bn), surpassing the analyst consensus of $14.8bn (£11.2bn). Net earnings were $4.74bn (£3.6bn). Equity-trading revenue rose 27 per cent from the previous [...]
British firms sticking to DEI policies despite Trump crackdown April 8, 2025 UK business leaders are not adjusting their approach to diversity, equity and inclusion (DEI) despite many high profile American counterparts rowing back on their policies in the face of pressure from the Trump administration, a survey has found. According to a poll conducted by the Institute of Directors (IoD), more than seven in 10 (71 [...]
Oil prices plummet as Saudis lead supply drive April 4, 2025 Oil prices are falling to their lowest close since 2021 as eight countries including Saudi Arabia and Russia surprised market leaders by announcing an increase to production. The shock decision by the OPEC+ alliance, delivered via a video conference on Thursday, came less than 24 hours after President Trump’s Liberation Day tariff announcements intensified global [...]
FTSE 100 and global markets slump and gold surges amid tariff panic March 31, 2025 The FTSE 100 dipped 0.7 per cent as markets opened on Monday, with the FTSE 250 down a further 1.28 per cent. The moves followed a sharp drop in Asian markets overnight. The Nikkei 225 plummeted more than four per cent overnight, amid a global market panic as investor and consumer confidence drops ahead of [...]
Swedish battery maker Northvolt files for bankruptcy March 12, 2025 Swedish battery maker Northvolt has filed for bankruptcy after failing to secure funding amid ongoing financial struggles. The company had experienced a series of mounting challenges in recent months as it struggled to hit production targets despite liquidity support from lenders including Goldman Sachs and Blackrock. It had previously sought US Chapter 11 bankruptcy protection [...]
Rumours of the death of DEI have been greatly exaggerated February 19, 2025 Donald Trump and Elon Musk may be dismantling DEI in the States, but in Britain and Europe it remains buried deep. We must root it out or risk being left poor, defenceless and exposed, says James Price A few years ago, the term ‘vibe shift’ entered the online lexicon. Broadly, it describes a moment of [...]