Taxpayer-backed NatWest has smashed profit expectations after surfing the wave of a house price boom and post-lockdown economic rebound, allowing it to restore investor payouts in a move that will hand the Government £190m. NatWest has been able to release money previously set aside to cover a possible surge in toxic debts as Covid hammered…
Barclays has unveiled a four-fold jump in first-half profits and resumed dividend payments as Britain barrels out of its worst recession in centuries. Pre-tax profits at the bank soared to £5bn for the first six months of this year – four times higher than the same period in 2021 – following an improving economic outlook…
Finalists have been revealed for this year’s Black British Business Awards, an annual event that celebrates the achievements of some of the UK’s top corporate bosses and entrepreneurs. Now in its eighth year, the awards highlight “exceptional business talent” across six industries: arts and media; consumer and luxury; start-ups; financial services; professional services; and STEM…
JP Morgan Chase has bought UK robo wealth manager Nutmeg as it plots an assault on the British banking market. The Wall Street giant said the deal will complement the mobile banking service it plans to launch in the UK later this year under the Chase brand Nutmeg has expanded rapidly since its launch in…
