M&G's latest annual results show a dramatic turnaround with net inflows of £7.8bn, driven by strong performance in asset management and a recovering Life business, despite competitive pressures.
M&G, the UK-based investment manager, has successfully reduced its expenses by £250 million, exceeding its cost savings target. This move highlights the firm's strategic efficiency efforts amid economic pressures.
TP ICAP, a leading interdealer broker, has announced a 7% increase in profit while shelving plans for an initial public offering of its data business. The company cited market conditions and strategic priorities as key factors in its decision.
The John Lewis Partnership has announced a 2% annual bonus for its staff, known as partners, marking the first such award since 2022. This comes as the retailer reports a 6% rise in trading profits to £134 million, despite an overall pre-tax loss of £21 m
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The employee-owned retail group John Lewis Partnership has awarded a 2% annual bonus to its staff for the first time in four years, following a rise in sales and underlying profits.
While the era of long boozy lunches and male-dominated pub culture has faded, the City of London maintains its magnetic appeal through evolved professional relationships and inclusive networking opportunities.
Citi's head of wealth, Andy Sieg, hosted an International Women's Day event in London following an HR investigation into his conduct, as the bank emphasizes diversity initiatives.
Amancio Ortega, the billionaire founder of Zara, is set to receive a massive $3.23 billion dividend from his holding company, Inditex, marking one of the largest payouts in corporate history.
Sir Ronnie Hampel, who led ICI through a transformative era and later chaired the Bank of England's monetary policy committee, has passed away at age 94.
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Cytec Solutions Limited has acquired Howells Associates Limited, combining expertise in corporate governance, compliance, and equity management to strengthen market position and enhance client offerings.
Standard Chartered has evacuated its Dubai offices and instructed staff to work from home following escalating tensions in the Middle East conflict between the US and Iran.
Porsche announces significant job cuts as it reverses its electric vehicle strategy, citing high costs and market challenges in the shift to EVs.
UBS's UK head of private clients has resigned, marking a significant leadership change as the bank navigates post-Credit Suisse integration and evolving wealth management strategies.
AmplifyMe, a private equity firm, has secured its first external investment, marking a significant milestone in its growth and expansion strategy in the financial sector.
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London-listed recruitment firm Robert Walters has scrapped its final dividend after reporting a significant annual loss, with revenue dropping 12% to £781.1m amid cautious global hiring sentiment.
Forbes' 40th annual billionaires list reveals a record 3,428 billionaires with Elon Musk topping the rankings. Donald Trump's wealth increased 27% to $6.5 billion, placing him at 645th globally.
The number of billionaires has surged to a record 3,428, with Elon Musk retaining the top spot. The list includes notable debuts and significant wealth growth across sectors.
Disgraced hedge fund manager Crispin Odey repeatedly violated ethical norms by trying to prevent a disciplinary hearing, the Financial Conduct Authority told a court. Odey is fighting a £1.8m fine and ban.
Edinburgh Worldwide Investment Trust proposes tender offer for 100% of shares to resolve 16-month battle with activist investor Saba Capital, allowing cash exit while retaining SpaceX exposure.
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Volkswagen announces massive job cuts as it faces a 54% profit drop, US tariffs, and declining sales in China. The automaker warns geopolitical tensions could further impact demand.
London-based outsourcing giant Capita sees shares tumble 12.5% after CEO warns of declining margins, with a £171m pre-tax loss exacerbated by AI-driven call center slump.
Oren, Alon, and Tal Alexander, prominent luxury real estate brokers, were found guilty of sex trafficking after a trial where over 60 women accused them of rape using drugs and force.
Eric Trump and Donald Trump Jr's Aureus Greenway Holdings merges with drone manufacturer Powerus to take it public, expanding their investments in the defense tech sector.
Live Nation reaches a surprise settlement with the Justice Department, paying $200 million and requiring Ticketmaster to open its platform to rivals and cap fees.
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Disgraced financier Crispin Odey threatened to 'shut down' his hedge fund if the board tried to remove him, as revealed in FCA court arguments ahead of his Upper Tribunal appeal against a £1.8m fine and industry ban.
Lee Andrews, husband of Katie Price, faces allegations from ex-girlfriend Alana Percival who claims multiple women have reported being scammed by him, comparing him to the 'Tinder Swindler'.
Lincoln International has appointed a new managing director to strengthen its European technology investment banking team, focusing on growth in the sector.
UBS has raised bonuses by 10% for its top performers, with payouts hitting £1.4 million. This move reflects competitive pressures in London's financial sector.
Millionaire fund manager Crispin Odey challenges his £1.8m fine and industry ban at the Upper Tribunal, amid sexual misconduct allegations he denies.
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Former Citigroup dealmaker Simon Lamb has rejoined Barclays as the new chair of its Financial Institutions Group, marking a strategic move for the bank's investment division.
