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Monday, April 6, 2020
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CATEGORY

FINANCE

British banks suspend dividends to save money for coronavirus fight

Britain’s biggest banks have become the latest to scrap their dividends, as businesses scramble to save money by stopping payments to shareholders amid the...

Microsoft ploughs ahead in cloud business growth

Microsoft has reported another solid quarterly report card to Wall Street, as it ploughs ahead in selling its cloud computing services to big businesses...

Bank of England to make ‘knife-edge’ rates decision amid cut speculation

Bank of England policymakers will gather for a “knife-edge” decision on interest rates this Thursday following recent speculation a cut may be on the...

Goldman Sachs profit falls 24% as legal expenses mar results

Goldman Sachs said its fourth-quarter profits dropped by 24% from a year earlier, as the bank had to set aside money to cover its...

Shareholders lose multimillion-pound legal battle against Lloyds

Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London on Friday dismissed an action by...

Jingye set to save British Steel plant, and 4,000 jobs

A Chinese industrial giant is set to come to the rescue of British Steel within days, buying out its embattled plant in Scunthorpe in...

Barclays posts higher profits despite £1.4bn PPI charge

Barclays has posted higher profits in the third quarter despite taking a £1.4 billion hit for payment protection insurance (PPI) claims. The bank increased adjusted...

RBS swings to a loss after £900m PPI hit

Royal Bank of Scotland has tumbled to a loss in the third quarter after taking a £900 million hit for payment protection insurance (PPI) claims. The...

Barclays halts ‘last in town’ and remote branch closures in UK for two years

Barclays has pledged not to close branches in remote areas of the UK or where it is the last bank in town for the...

Belgian prosecutors settle with HSBC in tax-dodging case

Belgian prosecutors have reached a settlement worth nearly €300m with a Swiss private banking branch of HSBC over a longstanding fraud and tax-dodging case. The...

Latest news

Boris Johnson admitted to hospital as coronavirus symptoms persist

Boris Johnson has been admitted to hospital for tests as his coronavirus symptoms persist, Downing Street has said. Number 10 said the British Prime Minister...

Pope Francis begins Holy Week without the public

Pope Francis has begun the first of several Holy Week ceremonies that will be held behind closed doors this year because of the coronavirus...

British Labour leader Keir Starmer to create ‘balanced’ shadow cabinet

Keir Starmer has pledged to create a “balanced” shadow cabinet as he begins appointing his top team after winning a landslide victory in the...

Hancock admits NHS may not hit ventilator target before virus peak

The Health Secretary has said the UK Government is on track to meet its goal of ventilator capacity for 18,000 patients, however he admitted...

‘Complete collapse of economies’ ahead as Africa battles virus

Countries across Africa face a “complete collapse of economies and livelihoods” unless the spread of coronavirus can be controlled, a UN official has warned. More...
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