HSBC shares sink to bottom of FTSE 100 despite profits topping City forecasts October 25, 2022 HSBC’s profits slid over 40 per cent in the third quarter of the year as it was hit by rising loan losses and hefty charges relating to the sale of its French retail business.
BlackRock raises £4bn for new climate fund amid fossil fuel criticism October 25, 2022 BlackRock said it had raised $4.5bn for a new climate infrastructure fund today as it looks to ramp up investment in the net zero transition amid criticism of its decision to continue backing oil and gas firms.
FCA poised to clampdown on greenwashing with ‘ESG’ curbs October 25, 2022 The UK’s City watchdog has announced a landmark set of measures to police how firms use terms like ‘ESG’ and ‘green’ today as it looks to stamp out rampant greenwashing in the City.
DeepVerge overhauls leadership team as it hunts for emergency cash October 25, 2022 Listed life sciences firm Deepverge announced it would completely refresh its leadership team today as it scrambles to raise emergency cash.
Parliament set to scrutinise pension funds’ controversial LDI strategies October 24, 2022 The debt-fuelled investment strategies at the heart of a crisis in the pensions sector are set to be scrutinised by parliament in order to glean “lessons to be learned”, the Work and Pensions Committee announced today.
UK finance at the ‘front of the peloton’ on climate, says Carney October 24, 2022 UK financial firms are at the “front of the peloton” on setting rigorous climate standards and the rest of the world will follow suit, the former Bank of England governor Mark Carney said today.
Investors pull record £27.9bn from UK funds amid political turmoil October 24, 2022 Investors pulled a record £27.9bn from UK funds last month as the disastrous mini-budget and political turmoil sent shockwaves through the markets, new data has revealed.
Moneyhub eyes London IPO after £35m cash injection October 24, 2022 Fintech firm Moneyhub said it was eyeing up a London listing today as it bagged £35m in fresh funding from investors including Legal & General and Lloyds Banking Group.
Pearson shares surge after jump in sales October 24, 2022 Publishing group Pearson said underlying sales had jumped seven per cent in the past quarter as it doubled down on profits expectations for the year.
Frasers Group increases Hugo Boss stake to £840m October 24, 2022 Frasers Group revealed it had snapped up a further chunk of shares from fashion firm Hugo Boss today taking its stake in the firm to £840m.
