NatWest examines £3bn bid for Tilney Smith & Williamson April 2, 2022 NatWest is reportedly examining a £3bn takeover proposal for UK wealth management powerhouse Tilney Smith & Williamson. Sources told Sky News the bank – which was rescued by the government in 2008 – is among several bidders who will make a play as the high street lender is expected to go on sale within the [...]
City A.M. Awards 2022: Environmental, Social & Governance Award April 1, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
The City View: Andrew Bailey’s energy shock warning, and farming shortages March 28, 2022 Today Andy Silvester chats to City A.M. reporters Elena Siniscalco and Jack Barnett. Jack discusses Andrew Bailey’s comments warning of the current energy shock being worse than that of the 1970s, and goes through Rishi Sunak’s somewhat incongruous remarks today at a Treasury Select Committee. Elena outlines the myriad of problems affecting farmers, supply chains, [...]
NatWest falls back into private hands after 14 years under majority taxpayer ownership March 28, 2022 NatWest has fallen back into private ownership after the state ditched more of its holdings in the high street lender, the government announced today. It is the first time since the financial crisis 14 years ago that the bank formerly known as Royal Bank of Scotland has not been majority owned by the taxpayer. The [...]
Govt reduces stake in NatWest to less than 50 per cent as Treasury sells £1.2bn of shares March 28, 2022 The Government has ceded its control of banking group NatWest Group for the first time since the bank – then known as Royal Bank of Scotland Group – was rescued by the Treasury during the financial crisis. The Treasury has sold off more than £1.2bn worth of shares, taking its stake to less than 50 [...]
Exclusive: Carbonplace and Climate Impact X team up for carbon credit scheme March 25, 2022 Carbonplace and Climate Impact X have teamed up on a pilot scheme to lower entry barriers for carbon credits trading.
Financials rally boosts London’s top indexes March 22, 2022 A rally among financial stocks boosted London’s top indexes this morning as the FTSE 100 closes in on its pre-Russian invasion of Ukraine high. The capital’s premier FTSE 100 index closed 0.46 per cent higher at 7,476.72 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
The City View: Susannah Streeter and Michael Hewson on the Fed taming inflation, and the Spring Statement March 22, 2022 Today Charlie Conchie hosts The City View, talking to Hargreaves Lansdown’s Susannah Streeter and CMC Markets’ Michael Hewson. They discuss the Chancellor’s Spring Statement amidst this morning’s lacklustre public sector borrowing figures; Federal Reserve Chair Jerome Powell’s hawkish remarks on inflation; and oil prices, their link to inflation, and their considerable fluctuation this week. Charlie [...]
NatWest to roll out buy-now pay-later credit as demand booms March 22, 2022 NatWest is set to be the UK’s first high-street lender to move into the booming buy-now pay-later market as it rolls out a dedicated product for customers later this year.
What are the top FTSE 100 stocks to keep an eye on as the index begins to recover? March 22, 2022 Two years ago today, the FTSE 100 index closed at 5,190 points, after its 32% covid-19 pandemic-induced crash since 17 January 2020. But even as the Russia-Ukraine war rages, the UK’s premier index is back to 7,405 points, only slightly down from its 7,611 February high. And with oil, inflation, and interest rates rising, value investors are now [...]