Week in Business: The billionaires backing Britain May 1, 2025 BlackRock CEO Larry Fink, Virgin supremo Sir Richard Branson, businessman John Caudwell and JP Morgan top dog Jamie Dimon – quite the quartet – have all made some fascinating interventions this week. Let’s start with BlackRock, the world’s largest investor, running more than $11 trillion on behalf of pension funds, private clients and sovereign wealth [...]
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 [...]
The Capitalist: City of London terrorised by ducks April 10, 2025 Market shenanigans, Jamie Dimon's good manners guide and the Square Mile's aggressive ducks; catch up on City drama in The Capitalist.
FTSE 100 sinks as S&P 500 and Dow Jones plummet on open April 4, 2025 The pain continued for global markets on Friday, as the S&P 500 and Dow Jones joined the FTSE 100 in the red. The FTSE 100’s downturn deepened following China’s announcement of 34 per cent retaliatory tariffs against the US. The index closed at 8,063.12, making a 4.9 per cent loss. This marked the FTSE 100’s [...]
Asos shares plunge as investors lose confidence March 17, 2025 Asos shares have slumped more than eight per cent in early deals this morning, extending losses recorded over the past few months as investors have lost confidence in the retailer’s turnaround plan. The e-commerce firm’s share price has dropped by a third in the last month and has fallen by half since the start of [...]
ISA reforms? Nobody even knows the current rules March 11, 2025 ISA changes could well be welcome, but we shouldn't underestimate how long new rules take to filter through, writes Claire Exley.
Reeves told to improve investment incentives by industry bosses February 19, 2025 Rachel Reeves has been told by top global financial firms she needs to ease investment taxes, sources told Reuters. In a meeting with executives from JPMorgan, BlackRock, Goldman Sachs, Morgan Stanley, Citi, Fidelity, Schroders and abrdn on Wednesday, Reeves was told to improve tax incentives for UK consumers. The latest summit in Reeves’ bid for [...]
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 [...]
JP Morgan Global Growth & Income makes offer for Janus Henderson competitor February 7, 2025 JP Morgan’s Global Growth & Income trust, one of the most popular investment trusts on the market, is set to take over a smaller competitor run by Janus Henderson. The £3.1bn JP Morgan trust has launched a takeover of the £329m Henderson International Income trust, the two funds announced in a stock exchange notice today. [...]