About Sebastian McCarthy

Chief City reporter covering banking, insurance, deals and exchanges. Email stories to seb.mccarthy@cityam.com

2019 Articles

Commerzbank forecasts profit drop amid challenging conditions
Commerzbank forecasts profit drop amid challenging conditions
Commerzbank has warned that its profit for the year will be below previous expectations, as lower for longer interest rates [...]
November 7, 2019
Bovis Homes agrees £1.1bn deal for Galliford Try housing business
Bovis Homes agrees £1.1bn deal for Galliford Try housing business
Bovis Homes has agreed to snap up Galliford Try’s housing arm for almost £1.1bn. The housebuilders have shaken hands on [...]
November 7, 2019
Changing times: Market leaders and investor groups call for shorter working day on trading floors
Changing times: Market leaders and investor groups call for shorter working day on trading floors
The daily bustle on Europe’s high-octane trading floors should be cut short by more than an hour in a bid [...]
November 7, 2019
Co-op bank losses widen in wake of PPI costs and fierce mortgage market
Co-op bank losses widen in wake of PPI costs and fierce mortgage market
The Co-operative Bank has reported widening losses during the third quarter of this year, as it became the latest in [...]
November 7, 2019
Sainsbury's half-year profit plunges 92 per cent
Sainsbury's half-year profit plunges 92 per cent
Sainsbury’s has suffered a 92 per cent drop in half-year profit, as costs from store closures took a toll on [...]
November 7, 2019
TheWorks share price crashes after issuing profit warning amid caution over crucial Christmas trading period
TheWorks share price crashes after issuing profit warning amid caution over crucial Christmas trading period
Discount arts-and-craft retailer TheWorks.co.uk has warned that profit will miss expectations this year, sending shares plummeting roughly 40 per cent [...]
November 7, 2019
What is IR35? Everything you need to know about the tax coming to the private sector
What is IR35? Everything you need to know about the tax coming to the private sector
After rolling out into the public sector in April 2017, HMRC’s controversial IR35 tax is set to hit private sector [...]
November 6, 2019
Monzo's 'hot coral' colour trademark attempt rejected
Monzo's 'hot coral' colour trademark attempt rejected
Online bank Monzo’s attempt to trademark its distinct “hot coral” colour has been rejected. The fast-growing fintech firm’s application to [...]
November 6, 2019
FTSE 100 flat as European traders await next US-China trade move
FTSE 100 flat as European traders await next US-China trade move
European markets traded flat this morning, quietening down after several days of gains as investors waited for the next development [...]
November 6, 2019
Intu braced for income drop as retail CVAs take a toll
Intu braced for income drop as retail CVAs take a toll
Shopping centre owner Intu is expecting to report a sharp drop in rental income for 2019 after a higher-than-anticipated volume [...]
November 6, 2019
Money walks: 15-minute daily stroll could give world economy $100bn boost
Money walks: 15-minute daily stroll could give world economy $100bn boost
Amid tit-for-tat trade wars and rising civil unrest, economists have been fretting over how to avoid another global economic slowdown. [...]
November 6, 2019
BMW beats estimates with profit rise
BMW beats estimates with profit rise
BMW has reported a sharp rise in earnings, trumping analyst estimates following one-off accountancy changes and a rise in SUV [...]
November 6, 2019
Hong Kong bourse posts profit drop amid civil unrest and trade war
Hong Kong bourse posts profit drop amid civil unrest and trade war
Hong Kong’s bourse has reported a fall in profit during the last quarter, as months of political unrest took its [...]
November 6, 2019
Eurozone 'remains close to stagnation' amid manufacturing slump
Eurozone 'remains close to stagnation' amid manufacturing slump
The Eurozone remains close to stagnation, according to a fresh set of gloomy manufacturing figures released this morning. The bloc’s [...]
November 6, 2019