Big UK banks slip down in global ranking, but Metro and the challengers make ground July 3, 2017 Big UK banks are suffering compared with international rivals, according to a ranking of the world’s 1,000 largest lenders out today. HSBC remains Britain’s biggest bank in the global ranking, coming in ninth for the second year in a row. However, the lender – which topped the 2008 ranking – suffered its worst result in [...]
UK house prices: What the General Election results mean for the property market June 9, 2017 The result of the General Election, which saw Conservative leader Theresa May lose her majority, has left Britain shocked. But what will it mean for the property market? While some experts think uncertainty may return to the sector, others think the property market will continue to remain strong. Take a look at what experts have [...]
Irish government confirms plans to float €12bn-valued Allied Irish Banks in London and Dublin May 30, 2017 The Irish government has confirmed it will be floating state-owned Allied Irish Banks (AIB) in London and Dublin. The initial public offering (IPO) will see the government dispose of a 25 per cent stake in the lender. It is thought the float deal could value the bank at €12bn, which would make it London’s biggest [...]
Sale is in The Works for stationery retailer at private equity group Endless May 21, 2017 The Works, a discount stationery and books retailer owned by turnaround private equity firm Endless, is readying to be sold or floated next year. Endless has enlisted the help of bank Investec to begin preparing a sale or listing, the Sunday Times reported. Read more: Why 3i is taking a step back from the UK [...]
Sale is in The Works for stationery retailer at private equity group Endless May 21, 2017 The Works, a discount stationery and books retailer owned by turnaround private equity firm Endless, is readying to be sold or floated next year. Endless has enlisted the help of bank Investec to begin preparing a sale or listing, the Sunday Times reported. Read more: Why 3i is taking a step back from the UK [...]
Investec boss commits to UK after Brexit vote: “We will be there to take advantage of all the others leaving” May 18, 2017 Anglo-South African financial services group Investec is committed to the UK despite uncertainty around Brexit, its co-founder has said. The firm, which has asset management, wealth management and banking divisions, currently has a headcount of around 3,900 in the UK and 5,000 in South Africa. Since the UK voted for Brexit last year, banks and [...]
Unilever gets backing from City investors after FTSE 100 company unveils shake-up including sale of spreads business April 6, 2017 City investors gave their backing to Unilever today after the FTSE 100 company unveiled a shake-up prompted by Kraft Heinz’s failed takeover bid. The firm announced it would be kicking off a €5bn (£4.3bn) share buyback, raise its dividend by 12 per cent, review its dual-listing structure and sell its £6bn-valued spreads business. Asset managers [...]
Imagination Technologies’ warning from Apple: What the analysts say as share price crashes 70 per cent April 3, 2017 Imagination Technologies has gone from potential takeover target by Apple to being warned by the tech giant that its technology will be dropped from future devices. The UK company, which derives around half of its business from its licensing to Apple, indicated that it believes that Apple does not have the capabilities to create its [...]
Secure Trust Bank launches into UK mortgage market, focusing on those working in the gig economy March 20, 2017 Secure Trust Bank is today launching a UK mortgage offering focusing on those individuals who might struggle to bag a loan from a high street lender. The Solihull-headquartered challenger is honing in on the self-employed and the gig economy. Those people working in these fashions might struggle to prove their income to a bank and therefore [...]
Rejoice? Unemployment hits its lowest since 1975 – but the experts aren’t so happy March 15, 2017 Unemployment in hit its lowest level since 1975 in the three months to January while the rate of working-age adults employed stayed at record highs. However, weaker wage growth at a time inflation is rising has given economists – and sterling – pause for thought. The government was cock-a-hoop. Damian Hinds, minister for employment said [...]