HSBC’s new boss mulls $300m cost-cutting plan targeting senior bankers
HSBC's new chief executive is reportedly drawing up cost-cutting plans that could save Europe's biggest lender up to $300m (£229m) by reducing top management layers.
Polar Capital shakes off August’s market meltdown
Polar Capital has reported an uptick in assets under management after the specialist fund manager shook off a hit from August's market meltdown.
Brookfield wins round Tritax Eurobox in £1.1bn tie-up
In a statement to the market this morning, the boards of the two companies said they reached an agreement on a £1.1bn deal.
London landlord GPE benefits from better investment conditions
GPE, one of central London’s biggest listed landlords said that the capital’s favourable investment market, with improving economic conditions and falling interest rates, has allowed the firm to
Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warns
Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a se
‘Dangerous and destructive’ Hurricane Milton makes landfall in Florida
Hurricane Milton has made landfall as a Category Three storm, with the Met Office warning it will be “dangerous and destructive” as thousands of UK holidaymakers had their flights to Florida cance
Travelex to be put up for sale after post-pandemic rebirth
Travelex, the world’s largest foreign currency exchange, is expecting to have new owners within the next two years, its chief executive has revealed. Richard Wazacz said the Peterborough-headquarter
The Square Mile and Me: Hannah Bernard on the significance of the first female Chancellor
Each week we ask a City figure to tell us about what makes the Square Mile special. This week, it’s Hannah Bernard, head of business banking at Barclays
New sanctions unit launched with ‘enhanced powers’ to fine businesses
The UK government has launched a new unit to crackdown on businesses that are in breach of UK sanctions, in an effort to strengthen Britain's sanctions regime
‘Overwhelming’ number of Brits back water firms being sued over pollution
An "overwhelming" amount of the public supports water companies being sued for financial damages, as the sewage pollution puts the limelight onto water businesses