Monthly Archives: April 2015

RBS drafts in Ulster Bank boss to lead Williams & Glyn

John Maltby, the former Lloyds executive who was brought in during 2013 to lead the new lender, is being replaced by Jim Brown, the chief executive of RBS’s Irish unit Ulster Bank. Over 300 branches will be re-fit with the […]

Questor share tip: Reckitt Benckiser shares look expensive

Overall, sales of health products, which include cold and flu remedies, saw like-for-like growth of 13pc in the first quarter of the year, almost double market expectations of 7pc. Cold and flu treatments contribute around 31pc of the group’s sales, […]

Santander smashes target as it poaches customers from rivals

The bank’s profits rose by 13pc in the first three months of the year to £470m, while return on equity, a key measure of bank profitability, rose to 12.1pc, well above most of Santander’s peers. The leverage ratio, a measure […]

Interest rates predictions: markets suggest July 2016 for first rise

This is captured in this chart from Capital Economics. It also shows how the slump in the oil price forced a particularly sharp shift in January (based on the prediction indicated by the “overnight index swap” on money markets). The […]

Stock markets rocked by US consumer fears

Analysts had expected the indicator to climb to 102.5. Lynn Franco, of the Conference Board, said: “Consumer confidence, which had rebounded in March, gave back all of the gain and more in April.” The UK’s leading index, the FTSE 100, […]

Why the UK economy might be weaker than Europe’s for the first time in four years

The Office for National Statistics (ONS) said that the UK grew by 0.3pc in the first quarter, while HSBC expects that the eurozone will have grown by 0.4pc in the same period. If the eurozone were to outstrip the UK, […]

Flash crash trader who made $40m to appear in court after failing to raise bail funds

The home trader accused of playing a role in the “flash crash” of 2010 is due to appear in court on Wednesday after failing to raise the £5m needed to cover his bail. Navinder Singh Sarao, a 36-year-old from Hounslow, […]

Don’t treat the banks like cash cows, IFS warns

George Osborne, the Chancellor, introduced the bank levy in 2011, and the Government has since raised it eight times. The last increase in the Budget means banks will have to fork out an extra £4.4bn over the next five years, […]

Wealth managers ride Europe’s stock market wave

While the company flagged up the imminent general election as a cause for uncertainty, Mr Bellamy said “we are pretty clear that the responsibility for looking after and protecting your wealth doesn’t change, the need for advice doesn’t change. Over […]

Wasps’ bond pays 6.5pc interest

Wasps, which plays in the Aviva Premiership, is issuing up to £35m of the bonds, which will pay interest twice yearly until maturity in 2022. The bonds are expected to be listed on the London Stock Exchange’s special market for […]