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Societe Generale offloads UK and Swiss private banking units in £771m sale
Societe Generale, the French banking giant, has agreed to offload its UK and Swiss wealth management businesses to Geneva-based Union Bancaire Privee in a deal worth €900m (£771m). This move is part of the bank’s strategy to divest less profitable divisions. The London-based SG Kleinwort Hambros and Geneva-based Societe Generale Private Banking Suisse, which are …
Business
Evening Standard
Expected demand for new electric cars downgraded
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The proportion of new cars expected to be pure electric this year has been downgraded due to weakening demand from private buyers.A …
Business
Evening Standard
FTSE 100 sinks amid market ‘turmoil’ following overnight rout of Japan’s Nikkei
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The FTSE 100 has plunged in early trading after an expected global stock market rout started overnight, with Japan’s Nikkei 225 index …
Business
Evening Standard
Societe Generale offloads UK and Swiss private banking arms for £770m
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.French banking giant Societe Generale has struck a deal to sell its UK and Swiss private banking arms in a deal worth …
Business
Sky News
Global stock markets plummet
Stock markets around the world have dropped sharply amid fears the US economy may be heading for a recession.The UK’s FTSE 100 has been falling throughout the day and was down by more than 3% on Monday afternoon. The FTSE 250 also dropped in early trading and had fallen 4% by the afternoon. Other exchanges …
Business
Sky News
Global stock markets continue to plummet
Stock markets around the world have dropped sharply amid fears the US economy may be heading for a recession.The UK’s FTSE 100 fell throughout the day and closed down more than 2% on Monday afternoon, the worst day since July 2023. The FTSE 250 also dropped on the open and had fallen 2.83% by the …
Business
Sky News
Pret founder Metcalfe toasts chocolate drinks-maker Knoops
The founder of Itsu and Pret A Manger is joining the board of Knoops, the fast-growing retailer of chocolate-based drinks.Sky News understands that Knoops, which is in the process of raising £5m to fund its expansion, will announce that Julian Metcalfe – a shareholder in the company – is to become a non-executive director. Mr …
Business
Evening Standard
Starmer to pitch UK as ‘stable place to do business’ at October trade summit
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.Ministers are expected to pitch Britain as a “stable place to do business” as they court global investors at a UK-based summit …
Business
Business Live
Survey reveals nearly half of UK millionaires consider leaving due to Labour’s tax policies
Nearly half of Britain’s millionaires are contemplating a move abroad due to concerns that the new Labour government might increase taxes and impose new regulations, according to recent research. The survey, which included 262 UK residents with a net worth of at least £1 million, found that 47% are now more inclined to consider leaving …
Business
Sky News
Four shocking moments from the inquiry into the Post Office scandal – and what could happen next
The Post Office Horizon IT scandal may well be “the worst miscarriage of justice in recent British legal history”.Jason Beer KC, counsel to the inquiry which has been investigating the scandal, did not put it this way lightly. After four hard-fought years, senior executives reduced to tears, and countless heartbreaking stories of the damage caused …
Business
Evening Standard
Samsung’s victory selfies at Paris Olympics spark sales rise for foldable phones
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.The “victory selfies” being captured by athletes on the podium at the Paris Olympics have sparked a spike in sales of the …
Business
Evening Standard
Holiday firm reports spike in demand for long-haul trips
Our unmissable weekly email of all the gossip, rumours and covert goings-on inside the Square MileSign upI would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice.A holiday company has reported demand for summer trips to faraway destinations is growing faster than for short-haul breaks.Thomas Cook said this …

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