S&P 500 and Dow Jones plunge as banks drive FTSE 100 slump April 3, 2025 The S&P 500 and Dow Jones joined the FTSE 100 in the red as US markets opened following Trump’s tariff onslaught. The S&P plummeted over three per cent in early trading, whilst the Dow slid nearly three per cent marking a loss of 1,200 points. The tech-heavy Nasdaq Exchange, which includes Tesla and Apple, slumped [...]
Close Brothers shares soar past target price whilst FTSE 100 banks sink April 3, 2025 Shares in FTSE 250 lender Close Brothers rallied on Thursday morning whilst its banking rivals HSBC, Barclays and Standard Chartered tumbled. The lender made gains as high as ten per cent during early trading before consolidating around five percent, as the bank clawed back recent losses. Meanwhile, Standard Chartered led the FTSE 100 losses at [...]
HSBC and Barclays shares plummet as tariff woes hit FTSE 100 April 3, 2025 Shares in Britain’s top lenders plunged into the red during early trading on Thursday as Trump’s tariff announcement hit London markets. Europe’s biggest lender HSBC was down over five per cent, with Barclays seeing a more than four per cent drop. Standard Chartered was the FTSE 100’s top faller, as the bank’s stock sank over [...]
UK has become the epicentre of WhatsApp scams in Europe April 1, 2025 The UK has become the epicentre of WhatsApp scams in Europe, with British consumers losing more money on the platform than in any other country. Analysis compiled by Revolut revealed that in 2024, WhatsApp fraud accounted for 21 per cent of all reported scams in the UK, with victims losing an average of £2,437 per [...]
Barclays, NatWest, Citibank, JPMorgan: Major British banks take forex rigging case to Supreme Court April 1, 2025 Central British banks, including Barclays and NatWest, will be at the Supreme Court today, aiming to overturn a decision in the forex rigging case.
What’s next for Primark after shock CEO resignation? March 31, 2025 The surprise resignation of Primark’s boss, Paul Marchant, due to poor social conduct has caused shockwaves across the retail industry. Marchant’s departure was promoted by an investigation by Primark’s owner ABF into the CEO’s behaviour towards a female individual, which Marchant called an ‘error of judgement’. Chief executive of ABF, George Weston, said he was [...]
Motor finance: Lloyds, Close Brothers and Santander brace for ‘shockwaves’ March 31, 2025 Judgement day nears for some of the UK’s biggest lenders as the motor finance scandal heads to the country’s highest court this week. The Supreme Court will decide whether to uphold the Court of Appeal’s October ruling that it was unlawful for banks to pay a commission to a car dealer without the customer’s informed [...]
Billions on the line: Legal showdown over motor finance set to decide lenders’ fate March 28, 2025 Lenders sit in shark-filled waters with their fate in the hands of five Lord Justices as parties prepare for a showdown over motor finance on Tuesday
FNB to replace MTN as sponsor of South Africa Rugby’s Springboks March 25, 2025 Rugby world champions South Africa will unveil First National Bank (FNB) as its new front-of-shirt sponsor after ditching MTN, City AM understands. The Springboks announced on Tuesday that an eight-year partnership between the team and the mobile telecommunications provider had concluded following a spell that saw the senior men’s team win back-to-back Rugby World Cups [...]
Coca-Cola could return as major Premier League partner March 25, 2025 Soft drinks giant Coca-Cola could return as a major Premier League commercial partner having left the English top flight in 2022. The US firm is reportedly in talks with the Premier League over a multimillion pound agreement. The deal could be passed at a Premier League shareholder meeting later this week, Sky News’ Mark Kleinman [...]