Bank surcharge forecasts "vastly understate" pain on sector, says EY
7th Sep 2015 13:30
(ShareCast News) - The banking sector will have to pay out vastly more than expected from George Osborne's new profits surcharge, which was introduced to reduce the pain of the Bank Levy on lenders such as HSBC. When the Chancellor unveiled the new 8% surcharge on bank profits and plans to lower the
Read moreShawbrook names new non-exec directors
25th Aug 2015 09:14
(ShareCast News) - Lending and savings bank Shawbrook has appointed Paul Lawrence to the board of non-executive directors. Lawrence, the former global head of group internal audit for HSBC, and chief executive of the FTSE 100's divisions in Singapore and Philippines, stepped into his new role on 24
Read moreShawbrook's interim profit surge on loan book increase
28th Jul 2015 10:34
(ShareCast News) - Shawbrook Group, one of the UK newly-listed banks, reported a surge in first half profit on the back of an increase in its loan book. The lender said its pre-tax profit for the six months to 30 June nearly doubled to £34.8m, as the bank's loan book jumped 38% year-on-year to £2.72
Read moreShawbrook appoints Iain Cornish as new chairman
6th Jul 2015 07:37
Lending and savings bank Shawbrook announced the appointment of Iain Cornish as chairman with immediate effect, replacing Sir George Mathewson, who is stepping down as chairman and director of the company. Robin Ashton, independent non-executive director and senior independent director, said: "We ar
Read moreWednesday tips round-up: RyanAir, Shawbrook
27th May 2015 11:01
RyanAir has discovered that a little love can go a long way. So while it carried a record 91m passengers in the year to March and registered a two-thirds rise in profits, there is still momentum to be had in the company. On the downside, the carrier has already hedged nine-tenths of this year's fuel
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