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LONDON, May 25 (Reuters) - Britain's banks may have to jettison ageing technology to meet tougher recovery requirements for critical services by March 2025, a senior Bank of England official said on Wednesday.
Read moreLONDON, May 24 (Reuters) - Banks and insurers that fail to manage climate risks as a "first-order" issue could face a 10% to 15% hit to annual profits and higher capital requirements, the Bank of England (BoE) said on Tuesday.
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(Alliance News) - National Grid PLC on Thursday backed its five-year outlook on a strong financial 2022 performance due to smaller hit from Covid-19, and lifted its payout to shareholders.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
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(Sharecast News) - China's economy slowed much more sharply than anticipated last month as Covid-19 mobility restrictions hampered growth, piling the pressure on policymakers in Beijing - right up to the top according to some accounts.
Read more(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Friday and not separately reported by Alliance News:
Read moreLONDON, May 13 (Reuters) - HSBC has hired Robey Warshaw to assist an internal review into its strategy, after a push from its largest shareholder Ping An to spin off the lender's Asian operations, a source familiar with the matter said on Friday.
Read moreLONDON, May 13 (Reuters) - HSBC has hired Robey Warshaw to assist an internal review into its strategy, after a push from its largest shareholder Ping An to spin off the lender's Asian operations, a source familiar with the matter said on Friday.
Read more(Alliance News) - Investors around Europe were showing strong resolve on Tuesday, as markets avoided the volatility seen in the US on Monday.
Read more(Alliance News) - The FTSE 100 saw strong gains on Thursday fade away into the close, dragged down by losses in New York and a worrying outlook for the UK economy from the Bank of England.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more(Sharecast News) - The Federal Reserve followed through on its recently accelerated timeline for tightening policy but indicated that even faster rate hikes were unlikely.
Read more(Alliance News) - Climate activists on Wednesday disrupted annual shareholder meetings of British banks Barclays PLC and Standard Chartered PLC, angry at the firms' funding of fossil fuel projects.
Read moreMay 4 (Reuters) - UK's benchmark equities index declined on Wednesday, weighed by weakness in consumer staple and healthcare shares, while investors awaited the Federal Reserve's interest rate decision later in the day.
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