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UBS's Andrea Orcel: How much is a good banker worth?
Did Santander make a big mistake when it backtracked on its decision to name the then head of UBS's investment bank, Andrea Orcel, as its new chief executive officer?.
US close: Stocks bounce even as analysts mull outlook for trade talks
Stocks on Wall Street staged a small bounce ahead of the long Memorial Day weekend, after the US President indicated he would be willing to ease restrictions on Chinese telco giant Huawei as part of a broader agreement on trade with the Asian giant.
Week ahead: US data, global trade tensions in focus
The market calendar over the coming week will be back-end weighted with key data releases scheduled both in the States and in China.
BoE watches UK mortgage war 'like a hawk'
The Bank of England is watching the battle between UK mortgage lenders like a hawk, its chief supervisor said as he also warned about the growth of leveraged loans.
BofA-ML sees further upside for risk assets, no escalation in trade war
Strategists see further upside for risk assets over the summer, but in their opinion the dominant underlying cross currents are deflation and "maximum liquidity".
Europe close: Stocks stage small bounce after US President sounds optimistic note
Stocks across the Continent staged a small bounce at the end of the week helped by some more optimistic sounding noises out of the White House regarding US-China trade talks.
London close: Stocks bounce as analysts mull life after Theresa May
London stocks finished higher on Friday, tracking opening gains for stocks on Wall Street despite a small bid and following the widely expected resignation of Prime Minister Theresa May.
Broker tips: Royal Mail, Mitchells & Butlers
Goldman Sachs upgraded Royal Mail to 'buy' on Friday but cut its target price on the group from 360p to 320p due to higher near-term costs.
Goldman upgrades Royal Mail to 'buy' following 'clear shift of focus'
Goldman Sachs upgraded shares of Royal Mail to 'buy' on Friday but cut its target price on the group from 360p to 320p due to higher near-term costs.
Director dealings: ProPhotonix CEO ups stake
ProPhotonix revealed on Friday that president and chief executive Tim Losik had purchased two million ordinary shares in the AIM-listed manufacturer of LED illumination systems.
FTSE 250 movers: Babcock bounces, Centamin slides
London's FTSE 250 was down 0. 63% at 19,150. 92 in afternoon trade on Friday, as Babcock International led the index higher.
US open: Stocks attempt rebound after Trump predicts swift end to trade war
Wall Street equities rallied at the open on Friday following some positive news on the trade front, with the President indicating he would be willing to ease restrictions on Chinese telco giant Huawei as part of a broader trade agreement.
FTSE 100 movers: M&S recovers; Vodafone boosted by upgrade
London’s FTSE 100 was up 0. 6% at 7,274. 35 in afternoon trade on Friday as investors digested Prime Minister Theresa May’s resignation, with sentiment underpinned by signs that US President Trump was softening his stance a little on China.
US durable goods orders fall short of forecasts in April
Durable goods orders in the US dropped sharply last month, weighed down by falls in those for automobiles and parts, civilian aircraft and for telecommunications equipment, with some economists concluding that the data reinforced the argument for the Federal Reserve to cut rates.
Philip Green urged to personally fund Arcadia pension deficit
Work and Pensions Committee chairman Frank Field has written to Philip Green urging the Arcadia chairman to personally support the group’s pension fund.
Trump willing to include Huawei in trade deal with China
Donald Trump said on Thursday that he would be willing to include “dangerous” telecommunications company Huawei in the trade deal that he is hoping to negotiate with China.
Facebook plans to launch bitcoin rival in 2020
Facebook is set to launch a new cryptocurrency in 2020 to rival bitcoin and accelerate the diversification of its revenue away from advertising.
Urban Logistics confident in sector after solid results
Specialist logistics real estate investment trust reported a 12. 6% improvement in its EPRA net asset value per share to 137. 96p in its year-end results on Friday.
Fletcher King lettings and sales impacted by Brexit uncertainties
Fund manager Fletcher King told investors on Friday that turnover and pre-tax profits for the year ended 30 April were likely to be similar to that of the previous trading year.