Peel Hunt ready for the rebound, boss says as firm slips to small loss December 5, 2023 Investment bank Peel Hunt has swung to a pretax loss as a prolonged period of subdued capital markets activity continues to take its toll.
Saudi-owned Champions League, obesity crisis and EU wealth tax: Danish bank’s ‘outrageous’ 2024 predictions December 5, 2023 Saxo Bank has published the latest in an annual series of "outrageous predictions" for next year, including a global Champions League owned by Saudi Arabia, a health crisis triggered by obesity drugs and a two per cent EU wealth tax.
Just 100,000 Brits pay a quarter of all income and capital gains tax December 4, 2023 Britain’s top 100,000 taxpayers paid almost a quarter (24 per cent) of all income and capital gains tax in 2021/22, despite making up just 0.3 per cent of taxpayers, according to data obtained by retail investment group Wealth Club.
Oxford Biomedica inks deal to provide ‘footprint’ in EU market December 4, 2023 Gene and cell therapy firm Oxford Biomedica has reached a deal with Institut Mérieux to acquire ABL Europe in exchange for a 3.3 per cent stake in the London-listed company as it looks to ramp-up manufacturing.
Why are small firms at a disadvantage for funding? December 4, 2023 SMEs continue to face funding difficulties, with research suggesting a large number of small businesses have never secured external funding.
Starling Bank bets on tech to boost growth as much-anticipated IPO looms December 4, 2023 Starling Bank hopes to make technology an "increasingly significant part" of its business model as it ramps up international expansion ahead of an IPO, the chief of the group's software-as-a-service (SaaS) business has told CityAM
Metro Bank has learned ‘the hard way’ about costly branches, analysts say November 30, 2023 Metro Bank today announced a shift in strategy as it prepares to lay off 20 per cent of staff, considers cutting opening times and tries to simplify its business model to become more cost-efficient.
Third time’s the charm: Can Robinhood successfully make an international debut in the UK? November 30, 2023 Share trading app giant Robinhood has announced that it will launch in the UK early next year after two previous failed attempts to expand beyond the US.
Metro Bank to cut 20 per cent of staff, review opening hours after £925m rescue November 30, 2023 Metro Bank said today its turnaround plan would require a great deal more cost surgery than previously anticipated.
Deutsche Bank: Boss says firm is finally ‘robust’ but needs to do ‘better job’ explaining investment bank November 29, 2023 Deutsche Bank chief executive Christian Sewing has said he wants to "reward the shareholders" on the back of cost reductions but noted continued market uncertainty over the firm's investment banking business.
