FCA says regulators face 'painful lessons' from upcoming autumn reviews
22nd Sep 2020 08:11
(Sharecast News) - UK regulators face "painful lessons" from upcoming reviews that will question how customers are and should be protected, the Financial Conduct Authority CEO said on Monday.
Read moreNatWest mulls wind-down of Ulster Bank in Republic - report
18th Sep 2020 10:06
(Sharecast News) - NatWest is considering winding down Ulster Bank's operations in the Republic of Ireland after the Covid-19 crisis made the task of reviving the business harder, according to a report.
Read moreFCA tells lenders to give extra help to mortgage borrowers
26th Aug 2020 11:26
(Sharecast News) - The Financial Conduct Authority has told lenders to provide extra support for mortgage customers in difficulty after payment holidays run out in October.
Read moreSunday newspaper round-up: NatWest, Rolls Royce, Coronavirus
9th Aug 2020 18:24
(Sharecast News) - NatWest is to push out several top bankers as part of a dramatic overhaul of its investment bank, as new boss Alison Rose attempts to cut ties with its past. The lender formerly known as Royal Bank of Scotland, 62%-owned by taxpayers, is expected to tell staff this week that at least three of its most senior investment bankers will stand down. - Sunday Times
Read moreFTSE 100 movers: Financials pace both gains and losses
3rd Aug 2020 18:35
(Sharecast News) - Financials topped the leaderboard at the start of the month, shaking off the read-across from HSBC's latest interim results and subsequent share price drop.
Read moreSunday newspaper round-up: BT Group, Big Lenders, Travel firms
2nd Aug 2020 18:23
(Sharecast News) - Could a French telecoms billionaire be circling BT's Openreach arm? The mutter from the City gutter is that the secretive Patrick Drahi has set his sights on the division that maintains Britain's telephone lines and internet cables. Drahi, a powerful dealmaker, now resides in Switzerland but made his fortune in France building telecoms groups Altice. The rumour claims that one of the Altice companies Drahi controls - perhaps Altice USA - has secured financial backing from heavyweight bankers at JP Morgan with a view to paying £20billion for the unit. - Mail on Sunday
Read moreNatWest swings to loss as it adds £2bn for Covid bad loans
31st Jul 2020 06:58
(Sharecast News) - NatWest first-half profits evaporated as the bank was forced to set aside an extra £2bn for bad loans in the second quarter due to the Covid-19 pandemic.
Read moreFriday preview: US tech earnings, Chinese manufacturing, Natwest in focus
30th Jul 2020 14:37
(Sharecast News) - The focus at the end of the week will be on a raft of earnings in the technology space out of the US, alongside a first reading on Chinese manufacturing sector conditions for July.
Read moreLondon close: Stocks slide after short-lived rally
10th Aug 2011 16:43
London's leading share index almost closed back below the 5,000 point mark after giving up a short-lived rally. Euphoria over US plans to keep interest rates at their current low levels was soon overshadowed by the reason for the plans: the grim economic outlook. Here, the Bank of England has cut
Read moreLondon midday: FTSE 100 stable for now after gains
10th Aug 2011 12:21
Shares are holding onto most of their gains after rallying on the back of the US Federal Reserve's announcement that rates will stay low for two years. Hopes that this will keep the global economy growing has spurred demand for miners, with big-hitters such as Xstrata and Kazakhmys higher, joined b
Read moreLondon open: Strong start as Footsie climbs back over 5,200
10th Aug 2011 08:32
Just three stocks were in the red early on, as the Footsie attempted to claw its way back after a week of turmoil in global markets. The US Federal Reserve last night pledged to freeze short-term US interest rates for two years and opened the door to more quantitative easing, in an attempt to resto
Read moreLondon close: Poor start on Wall Street fuels late sell-off
2nd Aug 2011 16:32
A poor start on Wall Street spurred a late decline in London on Tuesday, as the Footsie fell nearly 1% in afternoon trading, despite trading sideward for the majority of the day. The main US equity benchmarks are now trading firmly in the red following worse than expected economic numbers out in t
Read moreNorthumbrian Water taps out
2nd Aug 2011 08:48
Another British utility company is set to fall into foreign hands, after Northumbrian Water agreed to a takeover bid by Hong Kong billionaire Li Ka-shing. UK Water (2011), a company formed by Cheung Kong Infrastructure Holdings (CKI), Cheung Kong (Holdings) Limited and Li Ka Shing Foundation Limite
Read moreLondon close: BSkyB, financials provide a drag
11th Jul 2011 16:37
The Footsie dropped over 1% lower on Monday as satellite broadcaster British Sky Broadcasting (BSkyB) and European debt-contagion fears weighed on sentiment. Shares of BSkyB took a tumble as the potential takeover by Rupert Murdoch's News Corp hangs in the balance. The UK government said it was pre
Read moreFTSE 250 movers: Laird leads the index lower
11th Jul 2011 15:16
The merger proposal for UK water and waste management group Northumbrian Water from Hong Kong infrastructure group Cheung Kong failed to lift the FTSE 250, which was bogged down by growing fears of the Eurozone debt contagion spreading to Italy and Spain. Investors shunned riskier equity assets and
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