Browsing Category
Most Recent
Editor’s letter – March 2015
It’s been something of a monumental month for the team here at Finance Monthly. I was fortunate to meet with the Lord Mayor of the City of London, Alan Yarrow, for an in-depth interview on the past, present and future state of the UK’s…
Lloyds to pay first dividend in six years
Lloyds Banking Group has announced it is to pay its first shareholder dividend in six years after posting a much improved financial performance for 2014.
The bank announced a statutory profit before tax of £1.8 billion, a considerable…
RBS posts loss of £3.65 billion for 2014
The UK’s RBS Group announced an attributable loss of £3,470 million (€4.7 billion) in 2014, compared with a loss of £8,995 million (€12.3 billion) in 2013, when it posted its 2014 financial report today.
However, the beleaguered banking…
One Bank research agenda launched today
The Bank of England today launched its new One Bank Research Agenda – an ambitious and wide-ranging framework to transform the way research is done at the Bank.
The One Bank Research Agenda aims to improve the coordination and openness of…
FTSE breaks through record high
Yesterday the FTSE 100 recorded its highest closing price ever, finishing at 6,949.63, higher than its previous best of 6,930.2, recorded on December 30, 1999, when the dot come boom was at its height.
In the same day, the FTSE also broke…
Balfour Beatty agrees £85 million pension deficit terms
Balfour Beatty, the international infrastructure group, has announced that it has agreed heads of terms with the Trustee of the Balfour Beatty Pension Fund to re-profile the £85 million (€116 million) pension deficit payment, agreed at the…
FCA fines Aviva Investors £17.6 million
The Financial Conduct Authority (FCA) has fined Aviva Investors Global Services Limited (Aviva Investors) £17,607,000 (€24 million) for systems and controls failings that meant it failed to manage conflicts of interest fairly. These…