Co-operative Bank calls in top bankers to explore takeover bids February 23, 2022 The Co-Operative Bank has called in top investment bankers as it begins eyeing up potential acquisition targets and exploring a move to consolidate the UK’s mid-size banking market.
London digital ID firm scoops up $30m to accelerate US expansion February 23, 2022 A London-based digital identity firm has scooped up $30m from New York investment outfit Equable Capital as it looks to roll out of its identity fraud technology into North America.
GSK looks for covid jab approval as it prepares to spin off consumer arm February 23, 2022 GlaxoSmithKline and French drugmaker Sanofi have announced they are seeking regulatory approvals for their joint covid vaccine as the firms scramble to catch up with competitors after a series of delays.
Peel Hunt warns of profits slump as deal delays hamper performance February 23, 2022 Shares in British broker Peel Hunt plunged more than 13 per cent this morning after bosses said it expected full year profits to slump below expectations, as deal delays and a trading slowdown hampered performance.
HSBC profits double to £13.9bn as lender rebounds from pandemic slowdown February 22, 2022 HSBC has reported profits more than doubled last year as the lender recorded stellar growth across its divisions, driven by the release of expected credit losses stored up over the pandemic and a higher share of profits from the firm's associates.
Golden opportunity: Worried investors drive the rally February 22, 2022 Gold prices have rebounded this month, with the precious metal glittering in the gloom amid escalating tensions between Russia and the West.
Venture capital firm Backed launches €150m funds to back high-growth tech February 22, 2022 London-based venture capital firm Backed has unveiled two new €75m funds to tap into European high-growth tech firms, the firm announced today.
Insurance bosses ready wave of investment after Solvency II shake-up February 22, 2022 Britain’s insurance giants have welcomed government plans to shake-up EU-era solvency rules as they prepare to unleash a wave of investment across the UK.
Bosch unveils plans to pump £209m into chipmaking sites February 22, 2022 Technology giant Bosch has announced plans to inject an additional 250 million euros (£209m) into chip production facilities at its Reutlingen plan in Germany, as the global race to secure chimpaking capacity heats up.
Lotus eyes up New York as favoured destination for IPO February 22, 2022 Iconic British car brand Lotus is eyeing up New York as its favoured location to go public after it was revealed the car manufacturer was looking to supercharge growth with a move onto the public markets.
