Deutsche Bank posts ninth successive quarterly profit as turnaround efforts yield gains October 26, 2022 ONE OF Europe’s biggest lender’s Deutsche Bank has notched its ninth successive quarterly profit, marking a big turnaround after years of being mired in scandal and losses. The German giant said today profits hit €1.12bn (£975m) in the three months to September, up from €194m (£167m) in the same period last year. Deutsche Bank’s profits [...]
Car industry calls on UK to deliver regulation on self-driving cars by 2025 October 26, 2022 Automotive industry leaders have called for the UK Government to deliver its regulatory framework on self-driving cars by 2025. David Wong, senior technology and innovation manager at the Society of Motor Manufacturers and Traders (SMMT), said today it would be extremely disappointing not having primary legislation this parliamentary session. “It’s very important that the government [...]
UK banks return to amassing default reserves amid inflation and mortgage crunch October 26, 2022 Barclays said profits had jumped six per cent in the third quarter of the year as it became the latest lender to see performance buoyed by rising interest rates.
What’s driving the audiences behind Singapore’s crypto investment surge? October 26, 2022 Faraaz Marghoob, Group Strategy Director, BBH looks at what's driving the audiences behind Singapore’s crypto investment surge.
Greggs opens new café in Primark’s Oxford Street store October 26, 2022 Greggs has opened a new café on the top floor of Primark’s flagship Oxford Street store, following the launch of their collaboration earlier this year. The new 110-seater London café will offer a menu of all Greggs’ customer favourites following the success of the first ‘Tasty by Greggs’ eatery in Primark’s Birmingham shop in February. [...]
UK border watchdog slams Home Office’s response to Channel migrant processing October 26, 2022 The UK’s borders watchdog has criticised the Home Office for its response to the tens of thousands of Channel migrants entering the UK, while also revealing he is yet to meet home secretary Suella Braverman. David Neal, the Independent Chief Inspector of Borders and Immigration, told a House of Commons committee today that migrants were [...]
Judge rejects Nigeria’s call for share of Glencore bribery fine October 26, 2022 A London judge has rejected Nigeria’s call for a share of any money paid out by Glencore to the UK’s Serious Fraud Office (SFO), after the commodity trader pleaded guilty on seven counts of bribery last May. Lawyers acting on behalf of the Federal Republic of Nigeria urged the court to issue a compensation order [...]
DX shareholder moves to oust chair over botched inquiry October 26, 2022 A major shareholder in London-listed logistics company DX Group called for its chair to be ousted today as it accused him of having “severely harmed investor perceptions” in the firm.
Europe’s insurance lobby welcomes overturning of EU online marketing rules October 26, 2022 Europe’s main insurance sector lobby group has welcomed the EU’s decision to overturn rules regulating the sector’s online and telecoms marketing activities. Insurance Europe, whose members include Lloyd’s and the Association of British Insurers (ABI), said it “strongly welcomes” the repeal of the EU’s consumer rights legislation, which seeks to protect consumers that sign contracts [...]
Post-Brexit deal with New Zealand goes to Parliament despite ‘concerns’ over removing tariffs October 26, 2022 A post-Brexit deal between the UK and New Zealand will be “formally laid in Parliament” today despite concerns over its impact on UK producers. International trade minister Kemi Badenoch made the announcement in a letter to Angus MacNeil, the chair of the international trade committee. The deal was agreed in February by Bedanoch’s predecessor and [...]
