Thursday 22 July 2021

Reuters Global Investor: Barclays appoints Ingrid Hengster as head of Germany

Barclays appoints Ingrid Hengster as head of Germany

Barclays (BARC.L) has appointed Ingrid Hengster as country Chief Executive for Germany, the British bank said on Thursday, as well as making her a global chairman for investment banking.

Investors look to near $2 trillion corporate cash hoard to buoy stocks

Investors are looking to a mounting pile of cash at U.S. companies to provide support for the stock market in coming months, as executives announce plans to increase share buybacks, boost dividends or pour money back into their businesses.

Julius Baer boosts H1 net profit by 23%

Julius Baer (BAER.S) on Wednesday posted a 23.4% rise in half-year net profit to 606.0 million Swiss francs ($657.9 million), as strong markets and continued client inflows helped the Zurich-based wealth manager grow business.

SPAC u-turn mars Ackman's hedge fund pivot

It was poised to be William Ackman's brilliant pivot from activist hedge fund manager to prominent dealmaker. It ended up souring his rebranding.

UBS CEO sees clients "more optimistic than ever"

UBS (UBSG.S) expects positive business momentum to continue on the back of client optimism, Chief Executive Ralph Hamers said on Tuesday, even as the bank expects activity to slow down compared to a bumper second-half of 2020.

Bubbles, bubbles everywhere: Jeremy Grantham on the bust ahead

In this manic era of meme stocks, cryptocurrencies and real-estate bidding wars, studying the history of financial markets might seem a little dry and old-fashioned.

Global big banks plot back-to-office plans as vaccines roll out

The biggest banks in the world plan to re-open their offices, emboldened by aggressive vaccination drives and falling COVID-19 cases in major financial hubs, after sending most employees home early last year to help stem the spread of the coronavirus.

How to stop food costs from eating up your budget

If you have a sneaking suspicion that your food bills have been going up and up, you are not crazy.

AMC shares attempt a comeback, GameStop falls

Shares of retail favorite AMC Entertainment were fighting to reverse a recent string of losses Thursday, as Wall Street debated the longevity of a trading frenzy in stocks that gained a massive following on social media in 2020.

BlackRock profit beats as assets grow to a record $9.5 trillion

BlackRock Inc (BLK.N), the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company's funds, driving robust fee growth and boosting its assets under management to a record high.

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