TP ICAP revenue jumps 8% as market volatility boosts performance
The world's largest inter-dealer broker reports strong first-half performance driven by market volatility, as strategic review of data services business continues.
Category : Stock Markets
Michael Burry Bets Against AI: Tech Stocks Plunge
Legendary investor Michael Burry places massive short positions against AI stocks, triggering dramatic tech sector sell-off and raising questions about AI bubble.
Goldman Sachs Star Trader Joins Balyasny in Shock Move
In a major coup for the hedge fund industry, former Goldman Sachs trading star Wajih Ahmed joins Balyasny Asset Management to lead European equity efforts, marking one of the most significant moves in London's financial sector this year.
Ex-TCI Partner's Hedge Fund Soars with 30% Returns
Edgar Allen's new hedge fund, launched after his departure from TCI, has delivered impressive 30% returns in its first year, significantly outperforming industry benchmarks and attracting substantial investor interest.
LSEG begins £1bn share buyback with Citigroup
London Stock Exchange Group initiates massive £1 billion share repurchase scheme, appointing Citigroup to execute the programme in strategic capital return move.
BP profits plunge 70% as oil prices retreat
BP reports staggering 70% profit drop as oil prices retreat from Ukraine war peaks. Discover how the energy titan is navigating market turbulence while maintaining shareholder payouts.
Blue Whale's radical plan to spin off London Stock Exchange
Exclusive: Stephen Yiu of Blue Whale Capital proposes dramatic spin-off of London Stock Exchange to reverse the flow of companies fleeing to New York and restore the City's global financial standing.
UBS expands McCartney's role in capital markets shake-up
Swiss banking giant UBS announces major restructuring of its capital markets division, with Jason McCartney assuming broader responsibilities in a strategic leadership overhaul.
Reeves axes share stamp duty after AstraZeneca warning
In a dramatic policy shift, Chancellor Rachel Reeves abolishes stamp duty on share trading to boost UK investment competitiveness, following AstraZeneca's stark warning about London's declining appeal.
Dymon Asia Hedge Fund Soars with 15% 2025 Returns
Singapore-based hedge fund Dymon Asia Capital delivers impressive 15% returns in 2025, continuing its strong performance streak in volatile markets.
Is Now the Time to Invest in Gold? Experts Weigh In
Financial analysts are urging investors to consider gold as economic uncertainty and market volatility create ideal conditions for the precious metal to shine. Discover why experts believe gold could be the smart investment move for 2025.
FCA faces lawsuit over bond tape 'manifest error'
The Financial Conduct Authority is embroiled in a High Court battle as market participants accuse the regulator of catastrophic misjudgment in its controversial bond reporting reforms.
Princes tuna firm plans London stock market float
Major UK tinned food producer Princes, owner of popular tuna brands, is preparing for a potential London Stock Exchange listing that could value the business at hundreds of millions of pounds.
Apple & Amazon Defy Wall Street Gloom
Tech titans Apple and Amazon deliver impressive quarterly results, beating Wall Street expectations as iPhone sales surge and AWS cloud services maintain dominance despite economic headwinds.
Bank shares jump despite motor finance scandal fears
Despite mounting concerns over a potential £16bn motor finance mis-selling scandal and fraud allegations reminiscent of Madoff, London's banking shares demonstrate remarkable resilience with significant gains across the sector.
JPMorgan hires HSBC's Blessing Moyo in trading reshuffle
In a significant move shaking up London's financial sector, JPMorgan has appointed Blessing Moyo as head of EMEA trading desk strategy, while HSBC Asset Management's COO departs after 15 years.
Dimensional's European ETF Expansion Challenge
Dimensional Fund Advisors brings its systematic active ETF approach to Europe, challenging traditional fund managers with its evidence-based investment philosophy. Will their US success translate across the Atlantic?
Elon Musk Makes History With $500 Billion Fortune
Tesla and SpaceX CEO Elon Musk has shattered records by becoming the first person in history to amass a staggering $500 billion fortune, cementing his status as the wealthiest individual ever.
Dimensional: Still Time for Europe's Active ETF Boom
Investment giant Dimensional asserts European investors still have significant opportunities in the rapidly expanding active ETF space, despite the market's impressive growth trajectory.
Trump-Xi Trade Deal Sends Oil Prices Soaring
Global markets surge as Trump and Xi announce major trade breakthrough, sending oil prices skyrocketing and triggering a rally across London's FTSE 100.
SocGen Fixed Income Shines as Equities Fade
French banking giant Société Générale reports resilient Q2 performance as fixed income trading surges 16.7%, offsetting declines in equities amid fading market volatility.
Fed Cuts Rates as Trump Tariff Inflation Fears Ease
The US Federal Reserve has delivered a significant interest rate cut amid easing inflation concerns and reduced worries about Trump's proposed tariff policies, marking a major shift in monetary policy.
US Fed Cuts Rates as Tariff Inflation Fears Ease
The US Federal Reserve has implemented an interest rate cut amid surprising economic stability, with anticipated inflation from Trump-era tariffs not emerging as expected.
Fed Holds Rates Steady Amid Inflation Concerns
The US Federal Reserve maintains current interest rates as inflation concerns persist. Discover what this means for global markets and UK borrowers.
Meme Stock Mania Returns: Financial Experts Sound Alarm
The dangerous game of meme stock trading is back, with experts warning retail investors could face devastating losses as social media fuels another speculative bubble.
Reeves' bond market dilemma shapes UK spending choices
Chancellor Rachel Reeves faces a stark reality - financial markets now dictate Britain's economic policy, forcing tough choices between investment and austerity in a high-stakes fiscal balancing act.
Nvidia Hits $5 Trillion Market Cap in Historic First
Nvidia's astronomical rise continues as the AI chip giant reaches a historic $5 trillion valuation, cementing its position as world's most valuable company ahead of tech titans Apple and Microsoft.
Pound falls to 2023 low against euro
Sterling hits its weakest level this year against the euro as market jitters intensify over upcoming budget announcements and economic uncertainty.
European banks miss out as Wall Street deal boom returns
As US investment banks celebrate resurgent 'animal spirits' and soaring profits from revived M&A and IPOs, their European counterparts watch from the sidelines, missing out on the lucrative post-pandemic deal frenzy.
UBS wealth unit gathers $38bn in Q3 surge
UBS's global wealth management arm demonstrates remarkable resilience, pulling in $38 billion in net new funds during Q3 while navigating significant outflows from its Swiss bank integration.
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