Morgan Stanley sails past estimates as investment banking rebound boosts profit April 16, 2024 Morgan Stanley's profit has been lifted by a recovery in investment banking as the firm joins fellow Wall Street giants in benefitting from a rebound in dealmaking and capital markets activity.
Action ‘urgently needed’ as UK long-term sickness climbs to record high of 2.8m April 16, 2024 Recent research from the Resolution Foundation found that the rise in long-term sickness over the past few years is the longest sustained rise since the 1990s.
Bank of America’s profit hit by fall in interest income but dealmaking arm shines April 16, 2024 Bank of America has reported a fall in profit during the first quarter as its income from interest payments dropped, although the blow was cushioned by improved trading from its investment banking and wealth management arms.
Rachel Reeves tells the City she wants to close gender pay gap if she becomes first female chancellor April 16, 2024 Shadow Chancellor Rachel Reeves said Labour is "under no illusions about the scale of challenge Labour will inherit."
The cheapest stocks in the cheapest market: UK small caps set to shine with earnings growth April 16, 2024 The smaller companies in the UK have had a rough time of it recently, with the FTSE Smallcap index down 8.4 per cent over the last two years, compared to a rise of around four per cent for the FTSE 100.
Bank of England ‘absolutely’ in for shake-up after Bernanke review, incoming rate-setter warns April 16, 2024 Lombardelli, who will take up her role on the Monetary Policy Committee (MPC) in July, will be responsible for implementing the Bank's response to the Bernanke review.
Nationwide and Virgin Money face mounting opposition to £2.9bn merger April 16, 2024 Nationwide's bid to acquire high-street rival Virgin Money is facing mounting opposition from members and analysts ahead of a shareholder vote.
‘It is a national disaster’: Copenhagen’s historic Stock Exchange engulfed in flames April 16, 2024 Footage on social media showed the fire engulfing much of the building, with the famous spire collapsing onto the road below.
Tatton AM: Meet the one asset manager actually doing well right now April 16, 2024 Customers actually putting money into asset managers, rather than withdrawing billions, may seem like an unbelievable situation nowadays, but Tatton Asset Management is the rare exception. The AIM-listed company’s assets under management jumped by a whopping 27 per cent in the last year, after investors poured billions into their funds. Tatton AM now manages £17.6bn [...]
Chapel Down: Record harvest helps UK’s biggest winemaker fizz to the top April 16, 2024 Chapel Down has reported record company sales for the year ended 31st December following a strong harvest.
