Banking crisis: DIY investors piled into Credit Suisse and Silicon Valley Bank trades during turmoil May 9, 2023 Do-it-yourself investors piled into banking trades in the first quarter of the year as the sector was shaken by the collapse of Silicon Valley Bank and shotgun sale of Credit Suisse to UBS, new data has revealed.
Meet the man who quit the City to reinvent the film industry, one documentary at a time May 9, 2023 City banker Julian Bird set up Lorton Entertainment to show that investing in films could be profitable, and documentaries on Diego Maradona, Oasis and Wayne Rooney have proven him spectacularly right. “I’m not really a massive film fan,” says City banker-turned-unlikely movie mogul Julian Bird. It’s perhaps a surprising statement from someone who has been [...]
Saudi Aramco’s profits slide to £25bn as world’s largest energy company is dragged down by lower oil prices May 9, 2023 Saudi Aramco reported a clear dip in earnings over the first three months of the year, blaming lower global oil prices for reduced profits.
Warren Buffett: “Very poor” handling of bank failures in recent weeks May 7, 2023 Warren Buffett on Saturday criticized the handling of recent tumult in the banking sector and said a debt ceiling showdown could bring “turmoil” to the financial system, even as he offered a vote of confidence in the United States and his conglomerate Berkshire Hathaway Inc. Speaking at Berkshire’s annual shareholder meeting, Buffett criticized how politicians, regulators and [...]
Apple posts rare revenue drop but $90bn share buyback goes ahead May 5, 2023 Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results were better than Wall Street’s muted expectations and Apple’s stock inched higher in after-hours trading. The latest numbers come after the company in February [...]
Is Justice the new DE&I: Has the diversity discussion evolved? May 2, 2023 DiverCity® Podcast · Is Justice the new DE&I: Has the diversity discussion evolved? In this episode, host Julia Streets is joined by Dorien Nuñez, Speaker, Author, Researcher, Consultant and Principal and Co-Founder of The OMNIResearch Group and Paris Prince, Director – Justice, Equity, Diversity & Inclusion for The Intentional Endowments Network. Both from the United [...]
SoftBank’s Arm files to list shares in US as London blow confirmed May 1, 2023 SoftBank-owned chip design firm Arm has filed for a US listing in a move which cements its decision to thwart London markets for the US and paves the way for one of the largest initial public offerings (IPOs) of the year. SoftBank confirmed on Monday that Arm had submitted a draft registration statement to the [...]
New McLaren 750S is lighter, faster and ‘even more exciting’ to drive May 1, 2023 The 750S is the lightest and most powerful series-production McLaren ever. We get the full lowdown on this new British supercar.
The success of LVMH is a testament to the resilience of the super rich April 28, 2023 There is a deeper trend behind LVMH’s growth over the past decade and more: the resilience of high-end consumers to almost any setback.