UBS sails past earnings estimates as it aims to draw a line under Credit Suisse deal May 7, 2024 Swiss banking giant UBS has returned to profit after two straight quarterly losses, driven by its wealth management and investment banking divisions, as it continues to integrate former domestic rival Credit Suisse.
FTSE 100 today: London markets to scale to new highs on growing rate cut bets, riding global rally wave May 7, 2024 Asian markets surged in line with Wall Street's positive trend, while oil prices rose after Israel's strike in Gaza. Gold prices also climbed amid geopolitical uncertainties. Australia's central bank holds the cash rate at 4.35 per cent. Investors are now focused on the Bank of England (BoE) policy decision and UK GDP data for further market cues.
The City stands ready to help Sadiq Khan deliver growth for London May 7, 2024 The newly reelected Mayor is right to tout the merits of financial services. When the City succeeds, London succeeds, says Chris Hayward As Sadiq Khan returns to City Hall for an unprecedented third term as Mayor of London, this is a good moment to take stock of the challenges in the next four years, that we in the Square [...]
Are UK markets ready to bounce back? UBS says yes May 6, 2024 The UK market has been unloved for some time, but this might be about to change, as UBS has radically shifted its ratings for UK equities.
Channel Tunnel operator ratchets up plans for Eurostar rival as competition heats up May 6, 2024 A challenger to Eurostar's monopoly is looking increasingly likely and Eurotunnel has said it is ratcheting up preparations.
F1 attendances: Miami behind Las Vegas and Austin in US May 5, 2024 When the 20 Formula 1 drivers race off the start line in Miami on Sunday night it will be the first lap of three races in the US this season. The 2024 F1 season has repeated the feat of 2023 and stuck with three races across the pond – in Miami, Austin and Las Vegas. [...]
UK’s competition regulator has killed more deals than the EU’s watchdog since 2019 May 4, 2024 The Competition and Markets Authority (CMA) has blocked more tie ups than the European Commission every year bar one in the past five years.
HSBC scraps bonus cap for hundreds of top UK bankers after tense annual meeting May 3, 2024 HSBC shareholders have waved through the lender's proposal to remove an EU-imposed bonus cap, paving the way for it to hand bigger payouts to hundreds of top UK bankers, after a tense annual meeting dominated by questions over its pension policy and green finance.
Woodside Energy: a Shareholder Activism Milestone May 3, 2024 Written by Integrum ESG Analyst Neha Kandwal For most people, the 24th of April 2024 may have been a day like any other, but for some, it marked a landmark event in the history of shareholder engagement. Engagement is the third most prevalent ESG strategy tailing behind ESG integration and negative screening. Despite being considered a [...]
Former Lord Mayor William Russell elected chair of Barbican Centre Board May 3, 2024 Former Lord Mayor of the City of London William Russell has been elected chair of the City of London Corporation’s Barbican Centre Board.