Mobico: National Express owner’s CFO to depart after ‘regrettable’ accounting issues April 22, 2024 Mobico Group's CFO will depart after accounting issues caused the firm to delay publication of its full-year results twice.
Meet the fund managers: Lessons from 40 years in the investment industry April 22, 2024 In City A.M.'s weekly series, Elliot Gulliver-Needham sits down with David Coombs, head of multi-asset investments at Rathbones.
FTSE 100 today: London markets poised for green start as Israel-Iran tensions ease; focus turns to ‘Magnificent Seven’ earnings April 22, 2024 Global markets saw a significant turnaround, with Asian stocks rebounding strongly while oil and gold prices dipped. Bitcoin, on the other hand, surged by 3 per cent. Investors are eagerly awaiting earnings reports from the "Magnificent Seven" companies and aviation giants Boeing and Airbus, making this a pivotal week.
Banks, retailers and tech giants dominate big blue-chip results week April 21, 2024 A slew of blue-chip results on both sides of the Atlantic will dominate the corporate news agenda this week, alongside key US economic data set to bolster the case for higher-for-longer interest rates.
Takeover battle looms for Hipgnosis as Blackstone makes bid April 20, 2024 A takeover battle has begun brewing for Hipgnosis Songs Fund, after Blackstone revealed today it would be making a rival bid.
Tories weighing stamp duty change in Autumn statement April 20, 2024 The Chancellor is reported to be considering cutting stamp duty in a final autumn statement before the next general election.
Lloyds, HSBC, Barclays and Natwest set to report lower profits – but doubts over rate cuts could lift lenders April 20, 2024 The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.
The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
Bank of England rate-setter Ramsden ‘more confident’ inflation pressures receding April 19, 2024 Dave Ramsden, one of the nine Monetary Policy Committee (MPC) members, told an audience in Washington that he was now "more confident" that inflationary pressures were receding.
Answer to Britain’s housing crisis? Labour announces plan to build on ‘grey belt’ land April 19, 2024 Labour have set out plans for a housebuilding drive on so-called ‘grey belt’ land in an effort to address the housing crisis.