Supreme Court refuses Blackrock’s appeal on tax relief of 2009 Barclays deal November 4, 2024 The highest court in the country refused to hear Blackrock's appeal after it lost its case against the tax agency over its 2009 acquisition of Barclays Global Investors
Allianz Investors v Barclays: Will investors lawsuits now come to a halt? November 1, 2024 The High Court handed down a major blow for UK investors after a judge struck out a chunk of a case Barclays faced, resulting in a potential close door on future investor cases
Barclays completes £600m Tesco Bank takeover November 1, 2024 Barclays has completed its £600m takeover of Tesco’s banking arm after high court approval for the buyout came on 17 October. As part of a ten-year partnership between the two firms, Barclays will begin operating and managing Tesco Bank. Tesco will keep all of its existing insurance and money services activities, including ATMs, travel money [...]
Sainsbury’s sells Argos credit cards for £720m in financial services retreat October 31, 2024 Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.
Women’s football scores £100m boost from new Sky and BBC TV deals October 30, 2024 Sky Sports has secured an even bigger share of matches in the Women’s Super League as part of a record new long-term agreement billed as “the most significant broadcast partnership ever for women’s football”. The deal from 2025 until 2030 will see Sky show up to 118 WSL matches, more than three times as many [...]
Bank of London: Peter Mandelson and Harvey Schwartz exit troubled fintech October 30, 2024 The Bank of London has announced the exit of Labour grandee Peter Mandelson and ex-Goldman Sachs executive Harvey Schwartz from its board in the latest shake-up at the troubled fintech unicorn.
These two mistakes are making today’s Budget harder than it needs to be October 30, 2024 The problem with Rachel Reeves promising both ‘stability’ and ‘growth’ is that the two can be mutually exclusive. Governments do not create growth; businesses do and they rely on innovation and risk taking, says Alys Denby Not since George Osborne’s ‘caesar’ cut has a Chancellor’s hair-do caused such a sensation. Did Rachel Reeves’ newly auburn [...]
Lloyds shares slump as analysts warn of £3.9bn motor finance bill October 28, 2024 Shares in Lloyds Banking Group and Close Brothers fell further on Monday after a landmark London court ruling that could expose motor finance providers to billions in extra compensation.
Reeves fiscal rule change puts economy in danger of ‘crumbling’, City analyst warns October 28, 2024 "Tinkering with the definition of borrowing could be a big, if temporary, win," Nick Winters, a partner at Blick Rothenburg said.
Natwest shares soar as lender lifts performance forecasts October 25, 2024 Shares in Natwest has soared today after the group's third quarter profit grew by 26 per cent, as the lender reported solid growth driven by its lending