Big banks set for bumper annual profits as interest rates peak February 12, 2024 Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses February 12, 2024 Major investment banks have cut their number of UK job vacancies in half over the last year as a dealmaking slump puts a strain on recruitment and bonuses.
Investors pressure HSBC over oil and gas funding transparency February 11, 2024 The company has come under fire for not disclosing emissions as part of its capital markets strategy involving oil and gas companies
Evri: Private equity owners prep parcel giant for £2bn sale February 11, 2024 Evri's private equity owners are prepping a mega £2bn sale of the parcel delivery firm, according to reports.
FTSE 100 close: London closes another disappointing week in the red February 9, 2024 Shares in Tesco climbed after Barclays confirmed that it was buying the supermarket's retail banking arm for around £600m.
Legal sector job vacancies in the City plummeted last year as firms returned to pre-pandemic hiring February 9, 2024 Hiring activity in the legal market has slumped, falling back in line with pre-pandemic figures.
Barclays to snap up Tesco’s banking arm for £600m as retailer looks to unlock value for customers and shareholders February 9, 2024 Barclays has announced that it has agreed with Tesco to acquire the supermarket's retail banking business.
Yodel’s future close to being decided amid administration reports February 8, 2024 The future of Yodel could be close to being decided amid reports that it is lining up administrators as a "number of parties" circle.
Yodel addresses sale talk as potential buyer emerges February 7, 2024 Delivery group Yodel has addressed reports that its owners have accelerated their plans to find a buyer.
Changes to UK mortgage market cushions blow to borrowers from interest rate hikes February 7, 2024 Stressing is likely to have supported the "resilience of individual borrowers and the overall market," they noted.