HSBC cuts more investment bank roles in latest European retreat May 27, 2025 HSBC has reportedly given more than two dozen analysts in its investment banking division the chop as the bank’s boss presses on with his sweeping overhaul. The firm’s cuts primarily focused on Europe, where the lender has continuously signalled a winding down of operations. The banking juggernaut slashed ten per cent of its work force [...]
Retail and graduate job vacancies continue to plummet May 27, 2025 Retail and graduate vacancies fell further in April despite overall improvement in the number of available UK jobs. UK vacancies dipped 0.95 per cent in April to 862,876, but annual growth remained positive at 1.02 per cent, according to Adzuna’s latest jobs report. Average advertised salaries hit a new record of £42,278 – up 0.75 [...]
Nvidia’s new chip aims to soften tariff blow ahead of key earnings May 26, 2025 Nvidia is moving quickly to protect its position in China with the launch of a new AI chip – a stripped down, cheaper product aimed at dodging tightening US export restrictions and softening the blow of escalating trade tensions. Set to begin mass production as early as next month, the chip will be based on [...]
Global markets hold breath as Trump draws out EU trade talks May 26, 2025 Donald Trump has global investor sentiment hanging on his every word once again, as European markets rallied on Monday after the President retreated on his latest tariff tirade against the European Union. Trump agreed to extend his trade talks deadline with the EU by over a month, which comes after he threatened to slap a [...]
Investec Champions Cup: Cardiff, Chippy Lane and rugby’s selling point May 26, 2025 Walking down Cardiff’s iconic “Chippy Lane” in the shadow of the Principality Stadium on Saturday night after the Investec Champions Cup final was a reminder of the very best of club rugby. Bordeaux fans celebrating their 28-20 victory alongside Northampton Saints fans drinking away their sorrows – before the mad dash back across the border [...]
On this day: May 26 1896 — the first Dow Jones Industrial Average is published May 26, 2025 Charles Dow was a financial journalist with a rare gift. A high school dropout from rural Connecticut, he was able to explain the arcana of investment, stocks and bonds in clear, straightforward terms. In 1882, he and two other journalists, Edward Jones and Charles Bergstresser, founded Dow Jones & Company Inc. in a basement at [...]
Vodafone and EE back at court over Phones4U legal fallout May 22, 2025 Telecoms giants are "vigorously defending" against the Phones4U legal proceedings as the mammoth £1bn is back at the London court
Tottenham reveal plans for Europa League trophy parade on Friday May 22, 2025 Tottenham Hotspur will celebrate their Europa League triumph with a trophy parade on the streets of north London on Friday night. The open-top bus parade is set to start on Fore Street in the Edmonton Green region around 5.30pm, before travelling down High Road past the Tottenham Hotspur Stadium. The parade will conclude in the [...]
Pepco to sell off Poundland business by September – for £1 May 22, 2025 Discount giant Pepco is set to sell its Poundland business by September as the brand struggles with high costs and low sales. In an update to markets this morning, Pepco said Poundland continued to see “challenging trading conditions” with revenue down 6.5 per cent in the first half of the year. The discount chain now [...]
Why we love the Square Mile’s Williamson’s Tavern May 22, 2025 In a new series celebrating the businesses nominated for the Toast the City awards, Adam Bloodworth visits one of the Square Mile’s best hidden gems, Williamson’s Tavern, an alleyway-based boozer with a vibe like no other What is it? Ancient rules dictate that sightlines to St Paul’s must be visible from across the capital and [...]