Edition:
United Kingdom

Iain Withers

Helios Towers provides relief to jittery IPO market with steady London debut

15 Oct 2019

LONDON Shares in African mobile networks operator Helios Towers were up slightly on their market debut in London on Tuesday, providing some relief to a jittery market for initial public offerings.

UPDATE 2-Metro Bank shares plunge to new record low after debt issue axed

24 Sep 2019

* * Investors see MREL issue unattractive vs other opportunities * Shares in lender now down more than 90% since January (Adds bond investor reaction, updated share price)

Metro Bank's woes deepen as UK lender ditches debt issue

23 Sep 2019

LONDON Troubled British lender Metro Bank ditched a 250 million pound ($311 million) bond issue on Monday after failing to attract investors despite offering a hefty yield.

Alison Rose gets top job at RBS, first woman to lead major UK lender

20 Sep 2019

LONDON Royal Bank of Scotland named Alison Rose as its new chief executive on Friday, becoming the first major British lender to appoint a woman to its top job. | Video

More British consumers living on financial knife edge, debt charity warns

18 Sep 2019

LONDON A growing number of consumers are over-indebted and ill-equipped to cope with an economic shock, Britain's largest debt charity, StepChange, has warned after a record number of calls to its national helpline in the first half of this year.

Lloyds and Barclays hit by $4 billion insurance mis-selling claims

09 Sep 2019

LONDON Lloyds and Barclays on Monday said a surge in late claims could see them pay out around $2 billion more each to settle Britain's costliest consumer banking scandal, the mis-selling of payment protection insurance (PPI).

Britain's Clydesdale Bank shares plunge 20% on PPI provisions bombshell

05 Sep 2019

LONDON Shares in Britain's Clydesdale Bank tumbled by a fifth on Thursday, after it made a fresh 300 million to 450 million pound ($368 million-$552 million) provision to settle mis-selling claims linked to Britain's most expensive consumer banking scandal.

Britain's costliest consumer banking scandal may have sting in its tail

28 Aug 2019

LONDON Britain's most costly consumer banking scandal could yet have a sting in the tail even after an August 29 compensation deadline, as a 1 billion pound claims industry takes its fight to the courts.

Burford alleges share manipulation around Muddy Waters attack

12 Aug 2019

LONDON London-listed litigation funder Burford Capital said it has found evidence of suspect trading patterns in its shares around the time short-seller Muddy Waters issued a report challenging the company's accounts last week.

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