Barclays share price slumps as lender lowers UK guidance again October 24, 2023 Barclays performed in line with expectations but flagged difficulties ahead as it lowered its margin guidance for the rest of the year.
Lloyds, Natwest and Barclays in for a ‘tough quarter’ as pressure on interest income persists October 22, 2023 n results for the second quarter both Natwest and Barclays UK lowered their forecast for the full-year NIM on the back of an increasingly competitive deposit and mortgage market.
Sale process to secure new owners for Telegraph and Spectator is launched October 20, 2023 The Telegraph Media Group and The Spectator magazine have launched the sale process to secure new owners for the business. The long-awaited sale to gain control of one of the UK’s largest newspaper groups has already seen a wealth of interest from potential buyers. The board of the parent companies behind the Telegraph and Spectator [...]
Protests continue in Canary Wharf despite Greta Thunberg’s arrest this week October 19, 2023 Climate activists were joined by Greta Thunberg in a protest outside banking and finance offices in Canary Wharf today.
Mark Kleinman: Why Barclays’ £1bn Telegraph bid won’t be the last word, Alison Rose’s next move and why no one wants to be chair of the BBC October 19, 2023 The must-read column from the man in the know, City Editor at Sky Mark Kleinman Barclays’s £1bn Telegraph bid not the last word Hold the front page: the Barclay family’s effort to lodge a knockout bid for The Daily Telegraph was timed like the arrival of a blockbuster newspaper story minutes before the final edition, [...]
With annual reports in the hundreds of pages, who has time to run a business? October 18, 2023 Financial reports for City firms now run into the hundreds of pages, creating an undue burden for businesses just trying to do their job, writes Patrick Spencer.
Telegraph sale continues as Barclay family bids higher October 16, 2023 Lloyds Banking Group has reportedly turned down an increased offer for the Telegraph newspaper and Spectator magazine from its former owner, and is pressing on with the auction.
Hoberman-led Tech Nation pledges £10bn funding bonanza for start-ups October 16, 2023 The start-up group freshly revived by Brent Hoberman has pledged to facilitate a £10bn investment bonanza for UK tech today as it restarts operations. The group wound down earlier this year after ministers pulled its funding.
Vulture funds circle for almost a quarter of Stonegate pubs October 15, 2023 Vulture funds are reportedly eyeing a portfolio of 1,000 British pubs as Stonegate grapples with rising interest rates on a multibillion-pound debt pile. US distressed-debt investors Cerberus and Morgan Stanley Real Estate are among a host of others to have submitted bids for almost a quarter of the pub estate owned by Stonegate. In a [...]
BP shares soar as energy giant hikes profit guidance October 12, 2023 Shares in BP have risen robustly in today's trading, with investor sentiment improving towards the energy giant.