Hillary Clinton mocks Trump’s letter to Turkey with spoof JFK note October 21, 2019 Almost three years since Donald Trump beat Hillary Clinton to become President, it appears the heated rivalry between the two has yet to simmer down. In the latest trolling between the pair, the former Democratic nominee has mocked a letter from President Trump to Recep Tayyip Erdogan by tweeting a parody version. Read more: Donald [...]
Traders braced for busy week as pound opens flat and European markets edge up October 21, 2019 Traders are bracing themselves for a fresh week of market mayhem amid trade war negotiations and Brexit uncertainty. Optimism over an end to the US-China tariff battle has pushed European markets up slightly after the opening bell this morning, with both the German Dax and the FTSE 100 rising 0.4 per cent. Read more: Speaker [...]
Barclays UK chairman Sir Ian Cheshire: Get on with Brexit October 21, 2019 Barclays UK chairman Sir Ian Cheshire has urged the government to press ahead with Brexit, becoming the latest City figure to express his frustration at the continued uncertainty in Westminster. The pro-Remain businessman, who was previously the boss of Kingfisher, told the BBC this morning that Downing Street’s agreement with the EU is “an acceptable [...]
Wework creates committee to mull financial lifeline October 17, 2019 The owner of Wework has reportedly set up a committee to decide whether it will accept a financial lifeline from its largest shareholder and main lender. In a move that will likely decide the fate of the embattled firm’s future, the We Company has put together a special board committee to consider proposals for a [...]
PPI claims drive surge in company complaints October 17, 2019 More than 4m complaints were made to firms in the first half of this year, driven by a surge of payment protection insurance (PPI) claims. The UK’s financial watchdog has reported 4.29m complaints for the first six months of 2019, rising from 3.91m during the second half of last year. Read more: Banks struggle with [...]
Natwest raises available loans for small businesses by over £2bn for Brexit support October 17, 2019 NatWest has added £2.2bn to a Brexit loan pot aimed at supporting small businesses amid Britain’s imminent departure of the EU. The high street lender is upping the size of its Growth Funding programme to £8.2bn after identifying thousands of smaller firms facing potential disruption with Brexit. Read more: Bank of America trumps estimates Natwest, [...]
Unilever misses estimates amid slowdown in emerging markets October 17, 2019 Consumer goods giant Unilever missed City estimates this morning as tough weather comparatives and a slowdown in several emerging markets dented sales. The Ben and Jerry’s ice cream maker has posted underlying sales growth of €13.3bn (£11.5bn) for the third quarter, marking a 2.9 per cent rise that narrowly came below consensus expectations. Read more: [...]
WH Smith ramps up overseas drive with $400m US deal October 17, 2019 WH Smith has revealed plans to snap up a US travel company for more than £300m as the retail giant looks to broaden its scope beyond the UK high street. In a deal that will double the size of the firm’s international business, WH Smith is buying Marshall Retail Group for $400m (£312m) to ramp [...]
Relocations rise ahead of Brexit but London will stay ‘dominant’, report finds October 16, 2019 More than 330 financial firms have relocated parts of their business ahead of Britain’s imminent departure from the EU, a new report has found. Hundreds of banks and financial services companies have moved staff or set up new entities in the EU, rising by 23 per cent since a previous report in March. Read more: [...]
Bank of America trumps estimates despite drop in profits October 16, 2019 Bank of America’s profits slumped almost 20 per cent in the third quarter of this year, but its shares rose on a better-than-expected performance. The lending giant’s share price climbed almost two per cent in premarket trading after three of the firm’s four main divisions posted a rise in revenue. Read more: Banks struggle with [...]
