Microsoft’s UK revenue soars on success of cloud storage services April 28, 2024 Microsoft's UK revenue surged to over $8bn as it added 600 new staffers last year, according to new company filings.
Ranking the best horse racing syndicates in the UK April 26, 2024 Racing Club Founded by Jordan Wylie MBE & former Jockey Club marketing lead Richard Jaques, Racing Club is a community-focused horse racing syndicate aimed at providing affordable and accessible racehorse ownership through RC Syndicates. It brings together individuals interested in horse racing, offering them entertainment, fun days out, and the chance to own a share [...]
‘Existential crisis’: London Stock Exchange exodus tops £60bn after Darktrace deal April 26, 2024 A top investment bank has sounded the alarm and called on government to act today after a take-private deal for Darktrace took the total value of London Stock Exchange exits to north of £60bn.
Barclays shares hit two-year high after profit beats estimates, but investment bank struggles April 25, 2024 Barclays has reported an 11 per cent drop in profit - slightly outperforming analysts' estimates - as the boost from higher interest rates fades and its investment bank struggles to compete with its Wall Street rivals.
Andrew Tyrie: How greater competition could spur productivity growth April 25, 2024 "The UK government does not have a framework in place for monitoring levels of competition in the economy that’s fit for purpose," Lord Tyrie said. "It badly needs one".
Regulator launches three investigations into Microsoft and Amazon April 24, 2024 The CMA is worried that big tech partnerships could give the likes of Microsoft and Amazon too much market power and harm competition.
Lloyds profit drops against bumper 2023 as margins shrink April 24, 2024 Lloyds Banking Group has posted a 28 per cent fall in profit - in line with analysts' estimates - as price wars and the prospect of interest rate cuts forced it to offer better rates to customers.
Competition regulator wins ‘important’ legal challenge over search warrants April 22, 2024 The competition watchdog has won a legal challenge against the Competition Appeal Tribunal over domestic search warrants for an alleged cartel investigation
Regulator: Working with big tech including Google, Microsoft, Amazon, Apple and Meta is top priority April 22, 2024 If the FCA deems technology companies' data useful for finance, it will "incentivise" sharing through Open Banking.
Peers call on regulator to halt ‘name and shame’ plans as City fury grows April 22, 2024 An influential group of peers has called on the Financial Conduct Authority (FCA) to halt plans to ‘name and shame’ the firms it is investigating as fury over the proposals grows in the City.