UBS has disclosed a net profit of $1.4 billion for the third quarter, surpassing expectations thanks to its trading division’s better performance amid heightened market volatility and strategic cost-cutting measures.
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London’s housing market has seen its busiest period in four years. This is partly because London landlords are trying to get rid of their properties before the budget this week.
Reckitt Benckiser’s chief executive has said that the FTSE100 consumer goods group would be open to settling US safety lawsuits filed against its premature baby formula in order to smooth
Morgan Stanley beat profit expectations on an impressive third quarter in investment banking, which also boosted rivals and sent its stock to record levels. The American bank announced that its
Accounts show that the rolling stock company Porterbrook distributed £80m to its overseas shareholders, mainly, last year. This has fueled calls for Britain to nationalise its trains. In 2023, the
Goldman Sachs profit increased by 45 percent to $3 billion, the best quarter in equities since 2021. This is a sign of optimism for the strength and stability of the
Banks and investment firms are increasingly worried about geopolitical risk, according to the Bank of England. This is due to the Middle East conflict. In its latest survey, the Bank
Rightmove’s Australian suitor has abandoned takeover discussions after its sweetened £6.2billion offer was rejected. REA Group confirmed Monday afternoon that it had withdrawn its interest in purchasing the property search
The Texan tycoon who led the bankrupt prison-builder ISG to bankruptcy has finally spoken out about the collapse of the company, with details emerging of a debt of $1 billion
The REA Group, owned by billionaire Rupert Murdoch, has added an additional £200m in a sweetened bid for Rightmove. This value the UK’s largest online property portal to more than
Rightmove has received a third takeover bid of £6.1 billion from a Melbourne property company, after having rejected two previous offers. Rea Group’s latest indicative offer – 341p cash and
Spread-betting specialist IG Group has reported a 15% increase in revenue for its first quarter. This was driven by increased trading activity, as customers tried to take advantage the market
Investors say that the Bank of England, when it announces its plans to reduce the size of the balance sheet in the coming week, should expand the types of bonds
Gamma Communications, after reporting strong results for the first half of the year, is considering moving to London’s main stock exchange. Aim’s telecoms services provider, with its size, could join
According to Sir Nigel Wilson, a City grandee, the UK must overhaul its capital market to attract £1tn in investment over the next decade for housebuilding, infrastructure, and new start-ups.
The UK’s zero-emission vehicle (ZEV) mandate is significantly disrupting the automotive industry, particularly affecting traditional brands like Ford and Vauxhall. These companies are witnessing a sharp decline in market share
