Microsoft’s AI gambit shines but Google fumbles with cloud business October 25, 2023 Largely thanks to strong growth in its cloud computing division, Microsoft reported first-quarterly revenue of £46.4bn.
Deutsche Bank guides to top end of guidance despite interest rate woes October 25, 2023 Investment bank revenue slumped at German giant Deutsche Bank but profits still beat expectations
Why ditching the bankers’ bonus cap was the right choice – even if it’s largely just a signal October 25, 2023 The likelihood of the banker bonus cap being removed making a tangible difference, in and of itself, to London’s competitiveness is relatively minimal. But as a signal of a willingness to back the City, it’s not bad at all. It’s worth reminding ourself of how the bonus cap came into being. A political reaction to [...]
How Can Activism Shape Tomorrow’s Corporate Landscape? Unveiling City AM’s Newest Partnership with SIGWATCH October 24, 2023 The City AM Environmental, Social, and Governance (ESG) Impact Campaign is excited to announce a new addition to its influential partner network. This partnership with SIGWATCH, a data provider and consultancy specialising in activism and NGO behaviour reinforces the campaign’s commitment to addressing key issues of concern to businesses and governments, ranging from sustainability and [...]
Barclays share price slumps as lender lowers UK guidance again October 24, 2023 Barclays performed in line with expectations but flagged difficulties ahead as it lowered its margin guidance for the rest of the year.
APPG ESG tackles stubbornly high gender inequality in corporate sector October 24, 2023 The latest report from APPG shows how tougher targets allied with ESG practices can make a positive difference to gender inequality.
The Notebook: Andy Silvester on the dearth of leadership at the BBC and Met Police October 24, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s our editor Andy Silvester with the pen Strong leadership is needed to fix the Met and BBC’s vast failings Some time towards the end of the last millennium, I remember watching my football team – Wimbledon – being torn apart [...]
Bitcoin suddenly breaks 2023 high as flagship cryptocurrency touches $35,000 on back of BlackRock iShares listing October 24, 2023 Bitcoin dramatically hit its highest price of 2023 this evening as the world's leading cryptocurrency briefly reached $35,000.
FTSE 100 close: London dips as oil prices fall on easing Gaza tensions as bond yields rise October 23, 2023 London's FTSE indexes opened lower on Monday morning with little to change the mood after last week's rout in markets.
‘Something extraordinary’ is going on in UK and European stock markets, analyst says October 23, 2023 The growing taste for share buybacks in Europe and the UK is giving companies a hidden advantage over their US rivals, analysts at Liberum have argued. According to their research, yields on share buybacks in Europe and the UK are now roughly equal to peers in the US. European firms have traditionally relied on dividends [...]