Blackrock fails appeal to cut tax bill on £10.8bn Barclays deal April 11, 2024 The Blackrock Group has lost an appeal to reclaim tax from HM Revenue and Customs (HMRC) on its 2009 $13.5bn (£10.8bn) acquisition of Barclays Global Investors. The asset manager’s structure Blackrock Holdco 5, LLC was used to acquire the North American investment management business of Barclays Global Investors from Barclays Bank in December 2009. At [...]
FTSE 100: Investors should increase their exposure says Barclays April 10, 2024 Equity markets have been on a strong run over the past year or so, with tech firms in particular driving a large part of the gains.
Big US banks JPMorgan, Citi and Wells Fargo to benefit from slower Fed interest rate cuts April 9, 2024 JP Morgan, Citi and Wells Fargo will all update investors on their performance so far this year with attention likely to be firmly fixed on their guidance for the year.
The Very Group hires former Fenwick boss as new chief April 9, 2024 The Very Group has appointed the former boss of department store chain Fenwick as its new chief executive.
Barclays: Tiktok and Instagram ‘no spend challenge’ helps push non-essential spending to two-year low April 9, 2024 Non-essential spending slumped to its lowest level in over two years, a new report has found, as Brits partaking in a popular no-spend challenge bruises restaurant and retail trade.
Red Engine: Flight Club Darts and Electric Shuffle owner secures £60m boost April 9, 2024 Red Engine, the company behind Flight Club Darts and Electric Shuffle, has agreed a £60m funding boost to help it expand further across the globe.
Barclays launches legal challenge over motor finance claim April 8, 2024 Barclays is launching a legal challenge against the Financial Ombudsman Service (FOS) over a ruling that it unfairly paid commission to a car finance broker, Sky News’ Mark Kleinman first reported. In January, the Financial Conduct Authority (FCA) announced it was launching a probe into historic commission arrangements dating back to 2007, when the FOS [...]
Tom Hayes’ lawyer accuses Court of Appeal judge of conflict of interest April 3, 2024 Lawyer Karen Todner has written to the court highlighting Mr Justice Bryan's position on the appeal panel after she discovered he sat one of the previous EURIBOR interlocutory appeals for Christian Bittar.
Tom Hayes and Carlo Palombo: Leading politicians say ex-bankers’ rate-rigging appeal should go to Supreme Court April 3, 2024 Three senior politicians have called for two ex-bankers jailed for rigging interest rates to have their appeal heard by the Supreme Court.
As Morgan Stanley commits to Canary Wharf is the hub turning a corner? April 3, 2024 Morgan Stanley has agreed to stay in Canary Wharf for another 14 years, in a welcomed boost for the east-London banking district following a string of high profile departures.