Health Secretary invites junior doctors for pay talks ahead of 72-hour strike March 11, 2023 The Health Secretary has invited junior doctors for pay talks in an attempt to avert next week’s three-day strike amid a bitter dispute over pay. Steve Barclay said he had proposed negotiations “on the same basis other health unions accepted”, after planned industrial action by tens of thousands of key workers was suspended when the [...]
What’s going on at Silicon Valley Bank and why is it shaking UK banking stocks? March 10, 2023 Silicon Valley Bank (SVB) has built its reputation lending to some of the world’s most innovate start-ups and investors. But the Nasdaq-listed bank has now been rocked by what some fear could turn into a very old-fashioned bank run. Shares in the firm have plunged more than 60 per cent in two days and jitters [...]
London banking stocks tumble as Silicon Valley Bank shockwaves spread to HSBC, Barclays and Lloyds March 10, 2023 A crisis at US start-up lender Silicon Valley Bank (SVB) has sent shockwaves across the Atlantic today and dragged down shares in London-listed lenders. Shares in Nasdaq-listed SVB plunged over 60 per cent yesterday after the firm announced a $1.75bn share sale on Wednesday in a bid to shore up its balance sheet and plug [...]
JPMorgan sues former banker Staley over Jeffrey Epstein ties March 9, 2023 JPMorgan has sued Jes Staley, its former private banking head and later Barclays chief executive, accusing him of entangling it with sex offender Jeffrey Epstein, and saying Staley himself had been accused of sexual assault. The largest U.S. bank filed two complaints on Wednesday night in Manhattan federal court, where it is also defending against lawsuits [...]
The NHS is paying reparations for the care system’s broken funding model March 9, 2023 Many families are claiming back money owed to them because of the flaws in how care homes funding is organised. This way, the NHS ends up spending an awful amount of money, writes Elena Siniscalco
Aston Martin shares race to new highs on FTSE 250 following Grand Prix win March 6, 2023 Shares in Aston Martin have raced to new highs on the FTSE 250 this morning, building on from the luxury car maker’s 26 per cent revenue increase last week and third place win in the opening of the F1 Grand Prix on Sunday. Aston Martin took the lead on the FTSE 250 on Monday morning [...]
Sir Frederick Barclay facing next round of High Court divorce fight with ex wife March 6, 2023 Retired businessman Sir Frederick Barclay is to face the next round of a High Court fight over money with his ex-wife. A judge ordered Sir Frederick, 88, to hand Lady Hiroko Barclay, 80, lump sums totalling £100 million in May 2021 following the breakdown of their 34-year marriage. Sir Jonathan Cohen said at the time [...]
Banks must pass on rate hikes to savers – or risk a windfall tax, warn experts March 5, 2023 Banks should pass on higher interest rates to savers in order to stave off pressure for a windfall tax, a host of experts have warned. Calls for a windfall tax on the banking sector have grown after most of the UK’s largest lenders recorded strong profits in their latest results. After a decade of ultra-low [...]
Celebrating the Square Mile: Full list of winners at City A.M. Awards 2023 March 2, 2023 The great and the good of the Square Mile gathered for the annual City A.M. awards in the Guildhall on Thursday evening. The winners – drawn from right across the City – were rightly feted, having gone through a rigorous shortlisting and judging process to stand on the stage with host Julia Streets and City [...]
FTSE 100 close: Buildings firm CRH lifts London index as it readies for New York departure March 2, 2023 London’s FTSE 100 reversed an early morning slide today to finish in the black, lifted higher building giant CRH topping the index despite announcing it is mulling re-listing in New York. The capital’s premier index jumped 0.37 per cent to 7,944.05 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the [...]