A revolution is under way in India's trainer industry bbc.co.uk/news/articles/cm2n…
What do the US tariffs mean for UK small businesses? #TrumpTariffs #UKeconomy #SmallBusiness #USTariffs #DonaldTrump youtube.com/shorts/Vs2TbK6ih…
BNP Paribas BP, the Polish arm of BNP Paribas, reported a net profit of 2.36bn zlotys (£611.76m) for the financial year, surpassing the forecast of 2.18bn zlotys.
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@BNPParibas
#finance #Banking
UBS is contemplating the sale of part of its asset management division, primarily focused on Swiss real estate investments, as it seeks to revamp its smallest business unit.
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#UBS #finance #banking
Citigroup has plans to dramatically reduce its reliance on information technology contractors.
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#Citi #finance #Banking
Legal & General has announced a £500m share buyback this year and confirmed plans to return more than £5bn to shareholders over the next three years.
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#Finance #Banking #FinancialServices
Société Générale plans to appoint Ingrid-Helen Arnold and Olivier Klein as independent board members.
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#finance #banking
#WarburgPincus and #KKR are negotiating to acquire #Gerresheimer, a German manufacturer of packaging and medical equipment. The private equity firms have become the leading contenders after other bidders, including #BainCapital, withdrew.
#PrivateEquity #finance #banking
Major Japanese financial institutions have reported improved profitability due to rising interest rates, according to the Bank of Japan's annual report on the banking sector.
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#finance #banking
Société Générale's CEO Slawomir Krupa is planning significant cost cuts, including IT and consulting, to improve efficiency and reduce the bank's high cost-to-income ratio.
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#finance #banking
The Net-Zero Banking Alliance will ask members, including HSBC and Barclays, to vote on relaxing its climate commitment, allowing banks to align with a less stringent goal of limiting warming to below 2C.
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#NetZero #Finance #banking
The @FT examines how private equity firms are increasingly interested in the UK's struggling listed real estate trusts, potentially revitalising the sector after years of poor performance.
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#Finance #banking
Assura, a real estate investment trust that owns healthcare properties across the UK, is likely to accept a £1.6bn takeover bid from KKR, following the rejection of four previous offers.
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#PrivateEquity #finance #banking #Assura #KKR
Halifax is incentivising customers to make eco-friendly home improvements by offering a £2,000 cashback reward for installing a heat pump.
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#Halifax #finance #banking
Inflation is likely to rise to 3.6% this year and remain “well above” the Bank of England’s 2% target until late 2026, according to Edward Allenby, UK economist at Oxford Economics.
#Inflation #Economy #Finance #banking
@bankofengland
Executives and financiers are proposing a rebranding of the London Stock Exchange's Alternative Investment Market (AIM) as the Global Growth Exchange to attract new investors.
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#AIM #Finance #FinancialServices #LSE
The Financial Conduct Authority (FCA) has promised “swift action” on making mortgages more accessible, with the City watchdog set to launch a consultation on simplifying rules, as well as alternative approaches to stress testing.
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#FCA #Finance #Banking
The Payment System Regulator (PSR) has issued a warning that the card market is underperforming, following a review that revealed #Mastercard and #Visa have increased their core processing fees by 25% since 2017.
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#PSR #Finance #Banking #FinancialServices
The Financial Conduct Authority (FCA) has identified significant gaps in how firms support vulnerable customers.
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#FCA #Finance #Banking
