Reeves told to improve investment incentives by industry bosses February 19, 2025 Rachel Reeves has been told by top global financial firms she needs to ease investment taxes, sources told Reuters. In a meeting with executives from JPMorgan, BlackRock, Goldman Sachs, Morgan Stanley, Citi, Fidelity, Schroders and abrdn on Wednesday, Reeves was told to improve tax incentives for UK consumers. The latest summit in Reeves’ bid for [...]
HSBC job cuts and bonuses expected on Friday February 19, 2025 HSBC is set to axe a number of investment bankers this Friday whilst rewarding some with bonuses, sources told City AM. Amidst the FTSE 100 giant’s restructure, employees are expecting updates this week on their role’s future with many now looking to Friday – the same day pencilled in for bonuses. According to sources close [...]
General can seize Fownes more Valley Fortunes February 18, 2025 RACING in Hong Kong returns to Happy Valley today with an all-action nine-race programme full of highly competitive and exciting handicaps. With the season just past the halfway mark, who will take the title of champion trainer for 2024/25 is anyone’s guess, with nine stables separated by only half-a-dozen winners. Heading the table is David [...]
Mercedes team reject fears of Ineos Formula 1 exit February 18, 2025 Formula 1 powerhouse Mercedes have been forced to deny that the team’s ownership could shift amid a wave of sporting cuts by co-owners Ineos. The chemicals giant, part-owned by British billionaire Sir Jim Ratcliffe, holds 33 per cent of shares in the Mercedes AMG Petronas F1 Team, with team principal Toto Wolff and the German [...]
Reeves calls in top investment bankers for growth talks February 18, 2025 Rachel Reeves’ mission for growth continues with a fresh round of talks with top investment bankers and asset managers this week. Executives from Abrdn, BlackRock, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and Schroders are set to meet with the Chancellor on Wednesday morning, according to Sky News’ Mark Kleinman. This marks the latest in [...]
Sweeney should get RFU bonus if he earned it. He didn’t, so shouldn’t February 18, 2025 England Rugby’s CEO Bill Sweeney should get a hefty pay package, but only if the numbers add up. They don’t, so he shouldn’t, argues Matt Hardy Should the chief executive of a major organisation receive a bonus for the work they do? For some it will depend on where they stand on the morality of [...]
Almost 300 pubs closed last year ahead of cost rises February 17, 2025 The British Beer and Pub Association warned that urgent Government action is needed to avoid more “completely avoidable” closures.
Avdulla keen to be Awarded with a Bundle of winners at Sha Tin February 14, 2025 IT’S D-Day for jockey Brenton Avdulla when he arrives at Sha Tin for an 11-race programme in Hong Kong on Sunday. Considered one of the most consistent pilots on the Hong Kong racing circuit, Avdulla has his card marked in nine of the 11 races, and many will be at the forefront of the betting. [...]
Nigel Farage exploring private prosecution against Natwest February 14, 2025 The reform leader Nigel Farage is reported to have instructed a legal council to explore private criminal proceedings against Natwest Group over the debanking row
Natwest skims past profit expectations February 14, 2025 Natwest narrowly beat analysts’ annual profit expectations after posting a bump in its consumer lending. The FTSE 100 lender posted a £6.2bn pre-tax profit, ahead of £6.1bn pencilled in by analysts and up 0.3 per cent on 2023. Net loans to customers hit £368.5bn, an increase of £12.9bn, which reflected Natwest’s acquisition of Metro Bank’s [...]