Redbird ‘confident’ of tying up Telegraph deal in weeks April 28, 2025 US private equity shop Redbird Capital is “confident” of getting a deal for the Daily Telegraph newspaper over the line in just a few months, marking the end of the conservative broadsheet’s two-year hiatus without an active owner. A source familiar with the negotiations told City AM that the uncertainty continuing to swirl around the [...]
HSBC and Barclays shareholders eye returns as tariffs cloud banks’ reports April 28, 2025 The FTSE 100’s ‘Big Five’ banks are gearing up for first-quarter results season – and shareholders will be eyeing how lenders set the tone for the year ahead. HSBC will kick off reports on Tuesday, followed by Barclays on Wednesday and Lloyds on Thursday. Natwest and Standard Chartered will round off the results week on [...]
FTSE 100’s winning streak falters as White House ‘clouds’ market sentiment April 24, 2025 The FTSE 100 slid into the red on Thursday putting the index on course to end an eight-day consecutive run of gains. The blue-chip index was down over one per cent in early trading before a late-morning rebound left it broadly flat at midday. London’s blue-chips soared at the beginning of the week as President [...]
Green finance withers as Trump effect spreads April 24, 2025 Financial hubs are ditching green finance, fresh research shows, after President Donald Trump’s return to the White House triggered a global retreat. Centres across the world had their green finance rating reduced in the 15th edition of Z/Yen Global Green Finance Index (GFFI). Despite topping the index, London’s rating reduced 36 points to 598. Zurich [...]
Mark Kleinman: Fintech Growth Fund’s journey ends in Octopus’s tentacles April 24, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Fintech Growth Fund’s journey ends in Octopus’s tentacles It could scarcely have augured more favourably. An investment fund whose creation was recommended by the City grandee Sir Ron Kalifa in his 2021 review of the UK [...]
City bonuses beat Wall Street after cap scrapped April 22, 2025 UK financial services handed out the industry’s highest bonuses last year after taking advantage of the lifting of pay restrictions. Workers pocketed an average $149k (£114k) bonus in 2024, according to fresh data from jobs platform eFinancialCareers. This marked a 25.7 per cent jump from 2023 and sent the UK above North America, which rose [...]
Billionaire Gymshark boss Ben Francis quits firm he co-owns April 22, 2025 Ben Francis, the billionaire founder of Gymshark, has quit the sports talent agency he helped to establish. The Members Agency was set up in 2018, is based in Wolverhampton and also works on sports sponsorship deals. According to a new filing with Companies House, Francis has stepped down as a director and is no longer [...]
England cricket chiefs blasted for ‘refusing to hold India to account’ April 21, 2025 England and Australia have been castigated for a “refusal to hold India to account” after allowing the cricket-mad nation to tighten its vice-like grip on the game. India now boasts the chair of the International Cricket Council, Jay Shah, to go along with the largest share of revenues from the game and the world’s leading [...]
Mortgage completions surged 50 per cent in March amid race to swerve stamp duty April 21, 2025 Mortgage completions have risen to their highest level since September as buyers rushed to avoid higher property taxes. Completions in March jumped 70 per cent compared to February for first-time buyers, according to Barclays, ahead of a change to stamp duty rates in April. “We experienced a blockbuster month for completions in March, as buyers [...]
HSBC, Barclays, Lloyds: Lenders bank on interest rate cut as mortgage ‘price war’ heats up April 17, 2025 Top UK lenders are offering more mortgages to prospective house buyers, the Bank of England has revealed, as falling interest rates stir up a “price war” on the high street. The Bank’s credit conditions survey revealed that the burgeoning supply of mortgages would come against a levelling off in demand in the three months to [...]