A wave of banking and insurance tie-ups pushed the volume of UK financial services dealmaking to its highest level in more than a decade last year, new figures show. After a slowdown in 2023, mergers and acquisitions (M&A) activity in the UK’s financial services industry rebounded last year with a 26 per cent year-on-year increase [...]
Samsung Electronics flagged weaker-than-expected profit for its final quarter of 2024, yet optimism around future high-performance memory sales boosted its stock by 3.4 per cent on Wednesday. In this morning’s report, the company attributed this miss to memory chip prices, soft smartphone demand, and heaving R&D spending. Samsung’s efforts to remain relevant in the AI [...]
The pay of partners at disgraced hedge fund manager Crispin Odey’s firm fell to just £49,000 last year, down 99.9 per cent from their previous payouts. In the 12 months to the end of April 2024, the highest-paid of Odey’s 12 members of staff earned just £45,000, compared to £28.6m the previous year, documents published [...]