RBS profits sink as bank warns future earnings face pressure from Brexit uncertainty April 26, 2019 RBS profits fell in the first three months of 2019, it revealed a day after its chief executive announced his intention to resign. Ross McEwan yesterday announced he would step down after five-and-a-half years at the helm, saying he had achieved his strategy to refocus the bank after its £45.5bn government bailout. However, today the bank warned [...]
Huawei leak: Senior civil servant piles pressure on ministers to cooperate with probe April 26, 2019 The UK’s foremost civil servant has piled pressure on cabinet ministers to cooperate with his inquiry about who leaked private security discussions at the top level of government. Sir Mark Sedwill has written to members of the National Security Council after the Telegraph reported that Prime Minister Theresa May is set to allow Huawei access [...]
Extinction Rebellion protests: 26 arrested after London Stock Exchange climate change protest April 25, 2019 Police arrested 26 people this morning after climate change activists blocked the London Stock Exchange as the Extinction Rebellion protest group targeted Square Mile financial institutions. Read more: Climate change protesters glue themselves to London Stock Exchange The Metropolitan Police said they were arrested on suspicion of aggravated trespassing. Meanwhile other activists were demonstrating outside [...]
Extinction Rebellion: Climate change protesters target London Stock Exchange and Canary Wharf station April 25, 2019 Climate change protesters glued themselves to the London Stock Exchange this morning as they target the City of London in their last day of activism after two weeks . A string of seven Extinction Rebellion protesters have blocked the entrance to the exchange, with campaigners dressed in what they described as “Robocop-style” masks with the [...]
What the next Bank of England governor’s CV needs to look like April 24, 2019 With less than a year until Mark Carney steps down, the government today kickstarted the search for a new Bank of England governor. We’ve already compiled a list of candidates tipped to replace the American when he departs the post in January 2020, but chancellor Philip Hammond has put out a job ad anyway. Read [...]
UK investment banker speaks of grief after losing two children in Sri Lanka suicide bomb attacks April 24, 2019 A UK investment banker who lost two children in the Sri Lanka bomb attacks has spoken about his desperate attempt to save them. Matt Linsey, founder and managing partner of North of South Capital, told CNN that Amelie and Daniel Linsey were walking back from the Shangri-La hotel buffet when a bomb exploded. Read more: [...]
UK government public borrowing falls to 17-year low but misses Hammond’s spring statement target April 24, 2019 Public borrowing fell to its lowest level for 17 years in 2017-18 but was still higher than predicted, according to data published today. Borrowing hit £24.7bn between April 2018 and March 2019, the Office for National Statistics (ONS) revealed today, £17.2bn less than the previous financial year. Read more: Government borrowing falls to 17-year low [...]
New Aviva CEO shakes up leadership team to boost ‘commercial thinking’ April 24, 2019 Aviva’s new chief executive rang the changes among senior management today as he looks to offer more value to shareholders. Read more: Former Aviva boss pay halved in 2018 as insurers gets tough on bonuses Maurice Tulloch announced three fresh appointments at the insurer as he dumped the chief executive of its UK insurance arm, [...]
Philip Hammond starts search for successor to Mark Carney as Bank of England governor April 24, 2019 Chancellor Philip Hammond has started the process of finding a new governor of the Bank of England. Whoever he chooses will replace current governor Mark Carney when he steps down at the start of 2020. Read more: Mark Carney warns of "alarmingly high" no-deal Brexit risk The Canadian economist, the first overseas governor of the [...]
Primark profits soar but owner ABF blames poor sugar performance for fall in profits April 24, 2019 Primark delivered an “excellent” 25 per cent profit growth in the six months to March even as owner Associated British Foods (ABF) saw overall income shrink. Read more: A look inside the world's largest Primark The figures ABF witnessed a huge 15 per cent year-on-year drop in statutory profit before tax to £515m after paying a [...]
