Anglo American and EDF join forces on South African renewables venture October 4, 2022 Mining giant Anglo American said it would join forces with French energy giant EDF today to develop a new “renewable energy ecosystem” in South Africa.
Pension giant L&G says liquidity strong despite ‘mini-budget’ fallout October 4, 2022 Pensions giant L&G moved to reassure markets of its cash position today after it was caught up in the economic fallout of the government’s mini-budget last week.
Bank should have delayed rate decision to avert crisis, says former pensions minister October 3, 2022 The Bank of England should have delayed its rate-setting meeting until after the government’s mini-budget to have avoided the crisis that rocked pension funds last week, a former pensions minister said today.
Credit Suisse shares tumble as investor concerns grow October 3, 2022 Shares in Credit Suisse have tumbled beyond seven per per cent today as a charm offensive by bosses over the weekend failed to reassure investors over the bank’s financial stability.
AJ Bell strikes consultancy deal with founder October 3, 2022 AJ Bell has struck a deal with a consultancy firm owned by founder Andy Bell today as he prepares to step down as chief executive and into an advisory role.
Pensions fund collapse fears were ‘overreaction’, says PwC executive October 3, 2022 Fears of a wave of pension fund insolvencies last week were an “overreaction”, the global pensions chief of PwC said today, after concerns spread amid the fallout of the government’s so-called mini budget.
Peel Hunt says revenues will tumble to £40.5m as capital market slump continues October 3, 2022 Investment bank Peel Hunt said it expected revenues to come in at £40.5m in the first six months of the year as it continues to feel strain of a slump in capital markets activity this year.
Credit Suisse chief looks to soothe staff concerns over bank’s stability October 2, 2022 The chief of beleaguered lender Credit Suisse has stepped into to soothe staff concerns over the financial stability of the bank, as it prepares to publish a major strategic review this month.
Retail traders look to profit from tumbling pound October 2, 2022 Retail traders have been looking to follow the lead of hedge funds in the past week and capitalise on wild swings in the value of the sterling, sparked by the government’s tax-cutting mini budget.
Explain decision to pull mortgage products, FCA warns lenders October 2, 2022 The chief of the City watchdog has fired a warning shot at lenders after banks pulled mortgage products from the market in droves this week amid extreme market volatility.
