HSBC unveils record annual profits and fresh buyback but hurt by $3bn writedown on China bank holding February 21, 2024 HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.
Best hot hatchbacks to buy in 2024 February 20, 2024 Tim Pitt rounds up the greatest hot hatchbacks sold new in 2024, including the Mercedes-AMG A45 S and Honda Civic Type R.
Fiat warns government must reinstate electric car grants amid sales slowdown February 20, 2024 The government must reinstate its electric car grant to meet looming electric vehicle (EV) sales targets at the end of the decade, Fiat has warned.
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.
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.
Leaving interest rates on hold risks deepening recession, Haldane warns February 19, 2024 Leaving interest rates on hold for too long risks deepening the UK's recession, the Bank of England's former chief economist has said.
Hipgnosis launches legal action against its fund manager founder Mercuriadis February 19, 2024 Hipgnosis Songs Fund has launched legal action against its fund manager Hipgnosis Songs Management (HSM) and founder Merck Mercuriadis. The music royalties trust said that HSM had refused to protect it against potential liabilities from claims brought by former business partners of Mercuriadis that accuse him of stealing the idea for Hipgnosis in 2018. Mercuriadis [...]
Consumers shopping for insurance deals help Moneysupermarket to record revenue February 19, 2024 "The combination of high levels of premium price inflation and the cost-of-living squeeze resulted in high levels of search traffic with consumers seeking a better deal," the company said.
The Notebook: The City has to unite against the risks of generative AI February 19, 2024 The UK has opted to steer clear of AI-specific rules, leaving the onus on City businesses to determine how to use GenAI responsibly.
UK political disruption threatens £100bn infrastructure boost, insurers say February 19, 2024 Public sector bodies must given greater powers to ease the impact of "short-term political disruption” if top investors are to pump up to £100bn into UK infrastructure projects, a new report has warned.