Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’ February 20, 2024 Barclays chief executive CS "Venkat" Venkatakrishnan has announced that the bank will become "simpler, better and more balanced" in a much-anticipated update on its restructuring plans.
Distressed commercial real estate debt outweighs reserves at six biggest US banks February 20, 2024 Commercial real estate has been an area of concern in the US for the last few years with the pandemic and the rise of flexible working denting office valuations.
Barclays plans to return £10bn to shareholders and cut £2bn in costs by 2026 February 20, 2024 Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to shareholders by 2026.
Prince William’s Homewards announced as The Lord Mayor’s Appeal new charity February 20, 2024 The Lord Mayor’s Appeal and The Royal Foundation of The Prince and Princess of Wales have announced a new partnership in support of Homewards. Launched in 2023 by Prince William and The Royal Foundation, Homewards is a transformative five-year programme that aims to demonstrate that by working together, it’s possible to end homelessness, making it [...]
Meet the founder sculpting her hobby into a multimillion-pound beauty brand February 20, 2024 Aimee Connolly, founder of Sculpted by Aimee, tells Jennifer Sieg how following her passion led to the creation of a multi-million-pound global beauty brand.
Hunting for a legacy? These are the taxes Jeremy should tweak February 20, 2024 If the Chancellor is looking to secure his legacy ahead of the General Election, he should use next month’s Budget to fix the thresholds and cliff edges that are distorting the economy, argues Tim Sarson Budgets are almost as much about political theatre as they are about policy, especially in the run-up to a general [...]
Moving markets: Five things shaping the FTSE 100 today February 20, 2024 Asia stocks struggle despite China's interest rate cut, while Middle East tensions keep oil prices near three-week highs. Investors are focused on Bank of England's Bailey speech and Nvidia earnings.
FTSE 100 close: Strong Barclays results fails to lift London due to China concerns February 20, 2024 Caution gripped the air as investors continued to fret over the prospects of the world's second largest economy.
UK trade policy must focus on services, top City figure urges February 19, 2024 The UK’s trade policy must “flip” to focus on services, given the country is no longer a “nation of shopkeepers”, a senior City of London figure is to argue.
FTSE 100: London creeps into the green, Currys soars as takeover battle looks likely February 19, 2024 On the FTSE 100, Astrazeneca rose to the top of the index after its Tagrisso drug received positive clinical trial results.