Investment banks search for any port in a storm amid City’s dealmaking slump December 7, 2023 A listings drop off has hurt smaller investment banks and brokers. Now they may be looking for deals and combinations of their own.
Barclays shares drop after Qatar slashes stake December 5, 2023 Shares in Barclays fell as much as 4.5 per cent in London on Tuesday morning after Qatar's sovereign wealth fund cut its stake in the bank by half.
Brits to cough up an £100 extra on festive treats this Christmas December 5, 2023 Cash-conscious Brits are loosening their purse strings in the run-up to Christmas as they prepare to spend an extra £100 on festive food and activities.
Barclay family reclaims Telegraph after paying off Lloyds debt December 4, 2023 The Barclay family has reclaimed control of The Telegraph following a repayment of £1.16bn in debts owed to Lloyds bank.
Media secretary to intervene in the Telegraph sale November 30, 2023 Culture and media secretary Lucy Frazer has announced she is intervening in the sale of the Telegraph Media Group.
Microsoft’s £2.5bn investment in UK data centres is a ‘turning point’, says Sunak November 30, 2023 Prime Minister Rishi Suank has described a major investment by Microsoft into UK data centres as a "turning point" for the nation.
Metro Bank has learned ‘the hard way’ about costly branches, analysts say November 30, 2023 Metro Bank today announced a shift in strategy as it prepares to lay off 20 per cent of staff, considers cutting opening times and tries to simplify its business model to become more cost-efficient.
Former Citi banker to lead women’s football revolution in England November 28, 2023 Former Citi investment banker Nikki Doucet has been appointed as chief executive of NewCo, a new company which will be formed of the Women’s Super League and Championship. The deal will see the women’s professional game enter a new era. Doucet spent three years as vice president, investment banking, global consumer and retail group at [...]
Barclays planning 900 layoffs in Britain to cut costs, union claims November 28, 2023 Barclays is planning to cut 900 roles in Britain by the new year, according to employee union Unite, as the bank seeks to reduce costs.
Metro Bank shareholders back rescue plan as lender reiterates branch commitment November 27, 2023 The deal was approved by over 90 per cent of shareholders, even though it will dilute their shareholding substantially.