Financial Services Sector News

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  • Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labour market are set to be the focus of an economic week dominated by a host of central bank meetings. The European Central Bank's Governing Council convenes in Cyprus on Thursday and may take a decision on whether …

  • Europe in fresh assault on bankers' pay Telegraph - Sat, Feb 28, 2015 19:19 GMT

    European Banking Authority expected to widen scope of bonus cap and crack down on allowances

  • Don’t bother to save - there’s no point any more Telegraph - Sat, Feb 28, 2015 19:04 GMT

    Spend today, and worry about the future tomorrow. That was the message from Ed Miliband last week

  • Car sales on track for three years of growth Telegraph - Sat, Feb 28, 2015 18:34 GMT

    Benign economic enviroment and auto makers targeting UK means car registrations set to record 36 months of increases

  • Supermarket price wars melt Thorntons’ sales Telegraph - Sat, Feb 28, 2015 18:27 GMT

    Analysts believe that the chocolate retailer’s profits could fall by as much as 20pc when it posts interim results this week

  • Tungsten's short-sellers make millions after share slump Telegraph - Sat, Feb 28, 2015 18:21 GMT

    Six funds have made large bets against the invoicing firm's Aim-listed stock

  • Iceland’s ‘Bakka Brothers’ may be back in business Telegraph - Sat, Feb 28, 2015 16:12 GMT

    Lydur and Agust Gudmundsson are among a handful of “business Vikings” renowned financiers and entrepreneurs who blazed an international trail of debt-fuelled dealmaking during the country’s extraordinary ...

  • HSBC not the troublemaker made out to be, rival Swiss banker says Reuters - UK Focus - Sat, Feb 28, 2015 11:12 GMT

    HSBC, in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn't the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday. "HSBC has been described as the troublemaker in class, and it is not," Carlos Esteve, founder and …

  • India vows tough punishments to bring home 'black money' Reuters - UK Focus - Sat, Feb 28, 2015 10:49 GMT

    India said it plans tougher punishments including jail terms of up to 10 years for those who hide undeclared cash outside the country and for the banks and advisers who help them, as it tries to bring back illicit billions stashed abroad. In his budget address on Saturday, Finance Minister Arun Jaitley said the government …

  • NS&I Premium Bonds are a more attractive alternative to savings accounts than you think

  • NY regulator puts 3 European banks in FX probe AFP - Sat, Feb 28, 2015 00:05 GMT
    NY regulator puts 3 European banks in FX probe

    Sources, speaking on condition of anonymity, said NY state financial regulator Benjamin Lawsky has sought information about currency practices from French banks BNP Paribas and Societe Generale

  • German inflation back in positive territory AFP - Fri, Feb 27, 2015 23:18 GMT
    German inflation back in positive territory

    Inflation in Germany, Europe's biggest economy, is back in positive territory in February with consumer prices rising by 0.1%

  • TREASURIES-Bonds set for worst month since 2013 on hawkish Fed view Reuters - UK Focus - Fri, Feb 27, 2015 21:33 GMT

    U.S. Treasuries appeared on track on Friday for their biggest monthly loss since May 2013 after strength in U.S. economic data over the month boosted expectations the Federal Reserve would take a less dovish stance on monetary policy. Expectations that the Fed could hike rates by mid-year rose this month after a strong …

  • U.S. Treasuries set for biggest monthly loss since 2013 Reuters - UK Focus - Fri, Feb 27, 2015 20:28 GMT

    The U.S. Treasuries market was poised for its worst month in more than 1-1/2 years in February as investors scaled back their safe-haven bond holdings on improving U.S. economic data and bets the Federal Reserve may raise interest rates this year. This is an about-face from a 2.6 percent gain in January which was its biggest …

  • Commodities mixed in volatile week AFP - Fri, Feb 27, 2015 19:55 GMT
    Commodities mixed in volatile week

    Oil prices trimmed gains following fresh evidence of oversupply in the United States, including from this oil refinery in Big Springs, Texas pictured on February 4, 2015

  • Bank of Ireland Chief Executive Richie Boucher said he had made mistakes in the run-up to the Irish banking crisis and will take full responsibility for them when he appears before a parliamentary inquiry. Parliament is holding the public inquiry into the crisis seven years after the near-collapse of the banking sector, …

  • U.S. Fed awards $155.00 bln reverse repos Friday Reuters - UK Focus - Fri, Feb 27, 2015 18:22 GMT

    The U.S. Federal Reserve on Friday awarded $155.00 billion of three-day fixed-rate reverse repurchase agreements to 69 bidders at an interest rate of 0.05 percent, the Federal Reserve Bank of New York ...

  • The five stats to digest before investing in the FTSE 100 Telegraph - Fri, Feb 27, 2015 17:59 GMT

    Inclined to invest further or afraid the only way is down? These five key statistics each tell a story

  • Britain's Lloyds to pay first dividend since rescue Reuters - UK Focus - Fri, Feb 27, 2015 17:43 GMT

    Lloyds Banking Group is paying its first dividend in more than six years after reporting a rise in profit and improvements in its capital strength, a milestone in the bank's recovery after it was bailed out during the financial crisis. Chief Executive Antonio Horta-Osorio said Lloyds, which offered some of the highest …

  • Despite setting a new intraday record just before the close, the FTSE 100 finished just a few points lower on Friday as investors took profits after a batch of mixed economic data from the States.

  • 1630 (Close): The FTSE ended down 3.07 points to 6946.66 as investors weighed a batch of economic data in the US. Reports showed US gross domestic product in the fourth quarter slowed in the fourth quarter ...

  • UK's FTSE touches record highs as IAG, Standard Chartered rise Reuters - UK Focus - Fri, Feb 27, 2015 17:11 GMT

    Britain's top equity index touched a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group. The blue-chip FTSE 100 index at one stage ...

  • Form 8.3 - CSR PLC - AMENDMENT Business Wire - Fri, Feb 27, 2015 16:53 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.3 - Amendment 2a Purchases PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the ...

  • Issue of Equity Business Wire - Fri, Feb 27, 2015 16:27 GMT

    LONDON--(BUSINESSWIRE)-- Hargreave Hale AIM VCT 1 Plc (the “Company”) 27 February 2015 Allotment of Shares under Offer for Subscription Further to an offer for subscription of ordinary shares of 1p each ...

  • Form 8.5 (EPT/NON-RI) - REXAM PLC - AMENDMENT Business Wire - Fri, Feb 27, 2015 16:02 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) - Amendment to 2a Purchases & Sales PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) ...

  • Form 8.5 (EPT/NON-RI) - BALL CORPORATION - AMENDMENT Business Wire - Fri, Feb 27, 2015 16:01 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) - Amendment to 2a Purchases PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS ...

  • Form 8.5 (EPT/NON-RI) - FRIENDS LIFE GROUP LIMITED - AMENDMENT Business Wire - Fri, Feb 27, 2015 16:01 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) Amendment to 2a Purchases and Sales PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) ...

  • Form 8.5 (EPT/NON-RI) - AVIVA PLC - AMENDMENT Business Wire - Fri, Feb 27, 2015 16:00 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.5 (EPT/NON-RI) - Amendment to 2a Purchases & Sales PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) ...

  • Bez: 'I was bankrupted twice - I'll never be a saver' Telegraph - Fri, Feb 27, 2015 15:26 GMT

    Fame & fortune: The Happy Mondays’ maracas player and would-be MP on drug dealing, double bankruptcy and his hippy take on economics

  • UK's FTSE hits new record high as StanChart rises Reuters - UK Focus - Fri, Feb 27, 2015 15:21 GMT

    Britain's top equity index hit a record high on Friday, helped by gains in Asian-focused bank Standard Chartered and International Consolidated Airlines Group. The blue-chip FTSE 100 index was up by 0.2 ...

  • Qatar takes full control of prime Milan development AFP - Fri, Feb 27, 2015 15:04 GMT
    Qatar takes full control of prime Milan development

    Qatar's sovereign fund has acquired full ownership of Milan's most important business district at Porta Nuova

  • Bank of England turns up the heat on accounting firms Reuters - UK Focus - Fri, Feb 27, 2015 14:55 GMT

    The Bank of England would have the power to fine or ban accounting firms from working in financial services under proposals setting out how the UK central bank's regulation arm will monitor the accounting industry. The proposals from the Prudential Regulation Authority (PRA), which supervises Britain's banks, were published …

  • Form 8.3 - GREENE KING PLC Business Wire - Fri, Feb 27, 2015 14:34 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Form 8.3 - CSR PLC Business Wire - Fri, Feb 27, 2015 14:34 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

  • Form 8.3 - SPIRIT PUB CO PLC Business Wire - Fri, Feb 27, 2015 14:34 GMT

    LONDON--(BUSINESSWIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) ...

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