Barclays CEO Pledges Vigilance After Shadow Banking Hits
Barclays CEO CS Venkatakrishnan pledges stricter lending after £228m loss from MFS and £110m from Tricolor, but overall bank profits rose 3% to £2.8bn.
Category : Corporate
UAE's Opec Exit Reshapes Middle East Politics
The UAE's decision to leave Opec is a political and business move, reigniting tensions with Saudi Arabia and potentially strengthening US influence in the region amid the Iran conflict.
Apple After Tim Cook: Can It Regain Innovation Edge?
Guardian US tech editor Blake Montgomery discusses Apple's future after Tim Cook's resignation, its $4tn valuation, AI lag, and new CEO John Ternus.
US Utility CEOs Get 16% Pay Raise to $12.3M Average
A new report reveals that top US utility CEOs received an average 16% pay raise to $12.3 million in 2025, even as customers face up to 40% higher bills and 13 million power shutoffs.
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AstraZeneca Invests £300M in UK Sites After U-Turn
AstraZeneca will invest £300m in UK sites, completing Cambridge expansion and building a lab in Macclesfield, reversing earlier pauses.
GC Role Evolves Beyond Legal Gatekeeper, KPMG Says
A KPMG Law report reveals 75% of general counsel now advise outside their legal specialty, driven by complex regulations and AI, signaling a shift to strategic enterprise leaders.
Trans-Atlantic Bid for DCC Lifts Shares to FTSE 100 Top
Dublin-based DCC received a takeover offer from KKR and Energy Capital Partners, sending its shares up 11% to a four-year high. The bid adds to a wave of UK deals.
DP World Tour Hits $300m Sponsorship Record with HCLTech
The DP World Tour surpasses $300m in sponsorship revenue for the first time after partnering with HCLTech as its official digital experience partner.
Netcompany CEO: Europe must build own AI to avoid data loss
André Rogaczewski warns Europe risks losing data sovereignty to US or China, urging homegrown AI platforms. UK invests £500m in sovereign AI amid debate.
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Evercore M&A Fees Surge 123% as Deals Rebound
Evercore reports a 123% surge in M&A advisory fees in Q3 2024, signaling a strong rebound in dealmaking activity amid improving market conditions.
Balyasny Promotes Nick Bellavia to Global Trading COO
Balyasny Asset Management has promoted Nick Bellavia to chief operating officer of global trading, effective immediately, as the firm continues to expand its trading operations.
AI Mythos Poses Existential Threat to UK Banking
AI is compressing the time between discovering and exploiting weaknesses, posing a huge threat to banking. Banks must shift from periodic to continuous assurance to defend against AI-augmented attacks.
Banning Payment for Order Flow: EU Blunder UK Should Avoid
The EU is set to ban payment for order flow, but the UK's FCA is reconsidering. This practice can benefit investors through better prices and liquidity, especially for smaller stocks.
KLEKT Appoints Former H&M Exec Daniel Kulle to Board
KLEKT appoints Daniel Kulle, former H&M president, as board member to drive global expansion in the resale market for sneakers and streetwear.
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BofA Ups Bonuses for Top UK Investment Bankers by 15%
Bank of America has increased bonuses for its top-performing UK investment bankers by 15%, reflecting strong dealmaking activity and retention efforts.
Premier Miton in Talks with BNY for Equity Trading
Premier Miton is in discussions with BNY to outsource its equity trading operations, aiming to reduce costs and improve efficiency.
Santander UK Profit Down 44% on Motor Finance Provisions
Santander UK's Q1 2026 profit fell 44% to £202m after a £179m provision for motor finance mis-selling, raising total reserves to £640m. Net interest margin contracted, while cost-cutting continued.
Amundi Sees Highest Quarterly Inflows in Over 4 Years
Amundi reported its best quarterly inflows in over four years, driven by strong demand for its ESG and passive funds, boosting assets under management.
Deutsche Bank IB Flat as M&A Slips 13%
Deutsche Bank's investment banking revenue remained flat in Q3 as M&A fees dropped 13%, offset by gains in fixed income and currency trading.
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UBS Traders 31% Gain Fuels Record Quarter for Investment Bank
UBS's investment bank posts bumper quarter as traders deliver 31% gain, boosting overall profit. Strong performance in equities and fixed income.
Secret Hiring Tests: Effective or Invasion of Privacy?
Duolingo's CEO uses a 'taxi test' to judge candidates. We explore whether secret hiring tests are fair or an invasion of privacy.
Citadel Launches Operations in Dubai
Citadel, the $60 billion hedge fund, opens a new office in Dubai, expanding its global presence amid growing investor interest in the Middle East.
RBC Hires Barclays' Skilton to Lead Insurance
RBC Capital Markets has appointed former Barclays executive James Skilton as head of insurance, strengthening its financial institutions group in Europe.
McDonald's Kentish Town Seeks 24-Hour Operation
McDonald's in Kentish Town wants to open 24 hours a day, citing historic planning permissions. Local forum objects, citing noise and delivery driver nuisance.
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Arini Hires Brevan Howard PM for London Team
Arini Capital has hired a portfolio manager from Brevan Howard to strengthen its London office, signaling continued growth in the city's hedge fund sector.
PJT Partners Revenue Jumps 29% on M&A Boom
PJT Partners reported a 29% revenue increase in Q3 2024, reaching $400 million, driven by a surge in M&A advisory fees amid a robust dealmaking environment.
Lloyds tops FCA complaints list as finance firms pay £236m
Lloyds Banking Group received 187,516 complaints in H2 2025, the highest among UK finance firms. The industry paid £236m, with Santander second at 124,919 complaints.
A&O Shearman Appoints First EU Chair
A&O Shearman has appointed its first EU chair, marking a strategic move to strengthen leadership and client service across the European Union.
Citigroup Hires Barclays' Potts for Europe Activism Defence
Citigroup has appointed Barclays' veteran banker David Potts to head its activism defence team in Europe, strengthening its advisory capabilities in the region.
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Shell Buys Canadian Shale Producer ARC for $16.4bn
Shell agrees to acquire ARC Resources for $16.4bn, boosting production growth and adding 2bn barrels to reserves in its biggest deal in a decade.
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