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Electricity blackouts could hit Europe, experts warn

Europe could be hit by electricity blackouts in the next few months if average temperatures fall, energy experts have warned. Analysts at investment bank Goldman Sachs said that Europe has enough gas stored up to get through winter, but if ...

24 Jan 2022 at 15:55

City

Barclays ‘latest bank seeking to sever ties with Odey hedge fund’

Barclays is reportedly the latest banking giant to look at cutting ties with scandal-hit Odey Asset Management following sexual misconduct allegations against the hedge fund’s founder. The lender – Odey Asset Management’s corporate bank – ...

03 Jul 2023 at 09:12

World

Goldman Sachs profits jump 51% but full year reflects difficult period for bank

Goldman Sachs’ profits in the last quarter rose 51% compared with a year earlier, the US investment bank said on Tuesday, helped by strong returns in the overall market. However it closed out a difficult 2023 with overall profits down ...

16 Jan 2024 at 13:40

World

Goldman Sachs sees earnings plunge by a third

Goldman Sachs has reported that its third-quarter earnings fell by 33% due to muted market conditions that meant fewer deals for the US-based investment bank. The bank also saw a notable rise in expenses in the quarter, as the bank ...

17 Oct 2023 at 14:37

Olly Robbins appointed new Foreign Office chief

Former Brexit negotiator Sir Oliver Robbins has been appointed as the Foreign Office’s highest ranking civil servant. Sir Oliver, known as Olly, will serve as the new permanent under-secretary at the Foreign, Commonwealth and ...

08 Jan 2025 at 16:20

Investors condemned for opposing move to make meat suppliers cut antibiotics use

Sixteen of the world’s largest asset managers have been criticised for voting against a resolution to make McDonalds and major US meat supplier Hormel Foods phase out their use of antibiotics in meat production. Researchers ...

08 Jan 2024 at 11:25

City

Goldman Sachs prepares to axe 3,200 jobs amid cost-cutting – reports

Goldman Sachs will start cutting thousands of jobs across the business from this week in an effort to sharply cut costs, according to reports. The US investment banking giant is expected to axe around 3,200 roles as it ...

09 Jan 2023 at 10:57

Midweek office work returns to pre-Covid levels, says major landlord

Workers in central London are coming into the office midweek just as much as before the pandemic, according to one of the city’s biggest landlords. British Land said on Thursday that midweek occupancy across its ...

22 May 2025 at 11:48

World

Ex-Goldman Sachs banker convicted in £3.4bn plot to loot Malaysian state fund

A former Goldman Sachs banker has been convicted of bribery and other corruption charges accusing him of participating in a 4.5 billion dollar (£3.4 billion) scheme to ransack the Malaysian state investment ...

08 Apr 2022 at 18:25

World

Profits at Goldman Sachs and Morgan Stanley plunge

The profits for two major Wall Street firms – Goldman Sachs and Morgan Stanley – plunged sharply last quarter as volatile markets cut deeply into investment banking. Goldman’s profits tumbled 66% to 1.33 ...

17 Jan 2023 at 16:58

World

Goldman Sachs fourth-quarter profits fall 13% as compensation costs soar

Goldman Sachs has said its fourth-quarter profits fell by 13% from a year earlier, largely due to the bank preparing to pay out hefty pay packages to its well-compensated employees. It is the latest ...

18 Jan 2022 at 15:55

City

Vodafone to hand £430m to shareholders in latest buyback

Vodafone has said it will hand 500 million euros (£430 million) back to shareholders over the coming months, as part of a broader plan to boost investor returns. The telecoms giant said the latest ...

07 Aug 2024 at 09:09

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