In a significant move, American banking giant Citi is poised to eliminate the bonus cap for its London-based investment bankers. This decision comes on the heels of the Conservative government’s
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In a significant development in the UK’s financial sector, Hargreaves Lansdown, the country’s largest DIY investment platform, has agreed to a £5.4 billion takeover by a consortium of private equity
As concerns about the economy grow, US consumers are cutting back on their travel and leisure spending, affecting businesses such as Disney theme parks and Hilton Hotels. The warnings in
H2O Asset Management agreed to pay €250mn in compensation to investors, after the UK Financial Conduct Authority determined that it had committed “serious violations” with regard to illiquid investment. H2O,
Charles Schwab and Vanguard, as well as Fidelity, experienced outages in their trading platforms Monday, preventing some retail investors from being able to trade. This was during one of most
Jaguar Land Rover is one of a number of luxury carmakers that have been severely affected by the flooding in Switzerland, which paralyzed a leading aluminium manufacturer. After Novelis –
Facebook and Instagram’s owner beat Wall Street estimates for sales on Wednesday night, as it sought investors’ concerns about the billions it spends on artificial intelligence. Meta Platforms’ revenue in
Whitehall’s watchdog on spending has warned that the NHS finances are in such a bad state that it could break down if it doesn’t receive a huge cash injection. The
The boss of Longchamp, who called for the reinstatement of tax-free shopping in Britain, warned that Britain was losing out on tourists with high spending habits. Jean Cassegrain said that
London has always been a favourite among the rich and famous because of its well-connected financial center, which also offers a great deal in terms of culture. The UK capital
Thames Water warned that the company only had enough money to cover its operations through to May next year. It is still looking for funding to ensure survival. The largest
The Competition regulator said that pet owners who “humanise” their animals are paying more than necessary to keep them alive. The Competition and Markets Authority said that some pet owners
Alain Roux’s three Michelin star restaurant in Berkshire is now losing money due to rising wage pressures. The Waterside Inn, Bray, posted a loss in 2023 of £181,000 compared to
Investors in City have stated that a landslide win for Keir Starmer at the general elections on Thursday would give Britain a premium of stability in global markets. This could
People who care for family members without charge take a big hit on their finances. This could last into retirement, as they are unable to balance their paid work and
Linda Yaccarino, a year since she was appointed chief executive of X, has shaken her inner circle as she is under pressure from Elon Musk. She faces the need to