FTSE 100 live: London gains ease as Fed rate decision looms Live! The daily London market update: Market moving news from the FTSE 100 and around the world from City A.M.
City of London hiring rebounds in 2024 but still well below post-Covid highs Financial services The number of jobs posted by City finance firms rebounded at the start of 2024, according to a new survey, although the market remains subdued following a rough year for recruiters.
Elementis: Activist investor calls for chemical firm’s chief to go amid ‘weak’ share price concerns Chemicals An activist investor in FTSE 250 firm Elementis has called for the removal of its chief executive as it becomes the latest shareholder to bemoan the chemicals group's "persistently weak" share price.
Western banks pay £684m in taxes to Vladimir Putin’s regime April 29, 2024 The largest western banks that still operate in Russia paid more than €800m (£684m) in taxes to the Kremlin last year in a sign that foreign companies remaining in the country are helping Vladimir Putin weather international sanctions.
Meet Volt, the London fintech taking on Visa and Mastercard’s duopoly April 29, 2024 For six decades, the global payments industry has been dominated by Visa and Mastercard. In the UK, the two firms had 99 per cent market share of UK debit and credit card payments in 2021.
Bank of England to cut interest rates in August before the Fed, economists predict April 28, 2024 The Bank of England is expected start cutting interest rates in August before the US Federal Reserve, a City A.M. poll of top economists has revealed, as inflation edges back down to the government's two per cent target.
Natwest shares jump after first quarter results as government continues to reduce stake April 26, 2024 Natwest profits slumped in the first quarter of the year but stayed ahead of market expectations as it shrugged off the worst of the mortgage downturn to expand its lending book.
Meet the Luton-raised Italian running fan taking the top job at PwC in the UK April 25, 2024 Company veteran Marco Amitrano has been elected to succeed Kevin Ellis as head of PwC's operations in the UK.
US economy disappoints in first quarter of 2024 as growth slows far more than expected April 25, 2024 The US economy slowed far more than expected in the first quarter of the year as its gross domestic product (GDP) endured the influence of stubborn inflation and high interest rates.
Drugmaker Indivior seeks shareholder approval to move primary listing from London to New York April 25, 2024 Opioid dependence treatment maker Indivior has confirmed a plan to move its primary stock market listing from London to New York this summer in yet another blow to the capital's beleaguered bourse.