Coventry Building Society to take over Co-op Bank in January November 28, 2024 Regulators have given the green light for Coventry Building Society to acquire The Co-operative Bank in January as consolidation sweeps through Britain’s mid-sized banking sector. The two lenders said on Thursday that the Financial Conduct Authority and Bank of England’s Prudential Regulation Authority had approved the £780m deal, which was agreed in May. The takeover [...]
UK equities to lag US after Trump return – but FTSE 100 could beat Europe November 27, 2024 In the wake of Trump's victory, investors broadly agreed that the US stock market will continue to outshine peers for the foreseeable future.
Aston Martin raises £210m following profit warnings November 27, 2024 Falling demand in China, delivery delays and the wider push into electric vehicles (EVs) have hit Aston Martin shares over the last year.
Critics circle under-fire watchdog November 27, 2024 What unites firebrand socialist MPs and stalwarts of the Tory establishment? The answer – somewhat unbelievably – is the state of our main financial regulator. The Financial Conduct Authority is heading into a cold winter with storms swirling on all sides. It faces fury from parts of both the Square Mile and Westminster for hamstringing [...]
India and Pakistan playing out political tension through Champions Trophy November 26, 2024 The stand-off between India and Pakistan over the 2025 Champions Trophy is set to reach a conclusion this week with a key vote on the row. The next edition of the tournament is set to take place in February and March in Pakistan, who won the last edition in 2017. But given historical political differences [...]
Monzo names new finance chief in hint at listing plans November 26, 2024 Monzo has appointed former Nubank executive Tom Oldham to be its chief financial officer as the digital challenger bank hinted at its IPO ambitions.
Sir Michael Moritz on triathlon, dangerous investments and Fergie November 26, 2024 Sir Michael Moritz’s sixth sense for investing made him a multi-billionaire, so when he gives a rare interview and talks up the trajectory of one of his latest ventures, the T100 Triathlon World Tour, it seems smart to listen. The Welshman, 70, was among the first to believe in the potential of the tour and [...]
Behind the bid: Dovid Efune’s shot at The Telegraph hangs in the balance November 26, 2024 As he took to the stage in New York to address the Algemeiner Journal’s annual gala last year, Dovid Efune was in a resolute mood. Fewer than two weeks had passed since the October 7 massacre, and the Jewish newspaper’s executive chairman – and owner of the New York Sun – opened his speech with [...]
Very Group: Loss widens at Nadhim Zahawi-led Littlewoods owner November 25, 2024 The Very Group, which is chaired by former Chancellor Nadhim Zahawi, lost more in the first quarter of its new financial year than it did in its last 12 months, it has been revealed. The Liverpool-headquartered group, which is owned by the billionaire Barclay family, has reported a pre-tax loss of £22.9m for the 13 [...]
Barclays fined over ‘reckless’ failure to disclose Qatar links November 25, 2024 The Financial Conduct Authority (FCA) has hit Barclays with a £40m fine today for failing to disclose ties with certain Qatari investors as it scrambled to avert a government bailout during the financial crisis. In a statement today, the City watchdog said the FTSE 100 lender’s conduct through during a capital raise in 2008 was [...]