JP Morgan Chase bank will expand into Europe and across the world if successful JP Morgan Chase is set to launch a new digital bank as it seeks to become one of the largest lenders in the UK. The ‘Chase’ bank will offer current accounts, in addition to savings, loans and other new products. Sanoke […]

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JPMorgan Chase (NYSE:JPM) released its Q2 financial results on Tuesday, setting a marker ahead of earnings week in the US. The banking giant confirmed its profit during the second quarter more than doubled, while its revenue also beat expectations. JP Morgan‘s net income increased to $11.95bn, up from $4.69bn compared to same period a year […]

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JP Morgan set to launch a digital bank in the UK later in 2021 JP Morgan, the world’s largest investment bank, is set to acquire Nutmeg, the robo-adviser, for an undisclosed figure. The US bank confirmed on Thursday that it will takeover Nutmeg subject regulatory approval. JP Morgan is set to launch a digital bank […]

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The Royal Mail share price (LON:RMG) has performed so well over the past 12 months that it is being heavily tipped to re-enter the FTSE 100. After gaining 6.8% on Tuesday, the postal service company is now valued at 587.39p per share. Since the beginning of the year, the Royal Mail share price is up […]

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Jamie Dimon’s letter showed support for high government spending The chief of JP Morgan, Jamie Dimon, has said a vast increase in US government spending will boost the US economy over the next 24 months. Dimon provided a positive outlook in his yearly letter to his company’s shareholders. He noted that high savings rates, stimulus […]

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Pressure to adopt bitcoin intensifies on Wall Street The world’s leading investment bank JP Morgan has revealed plans to trade bitcoin.  JP Morgan is the latest major player to back the cryptocurrency by saying it is looking at trading bitcoin “at some point” in the future.  Daniel Pinto, co-president of JP Morgan told CNBC on […]

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Investment bank turns its focus towards ESG investing The former Labour leadership candidate has joined US investment bank JP Morgan to lead its European environmental, social and governance (ESG) mission. Umunna, the former employment lawyer and MP for Streatham, will take up the newly created position, as reported by the Financial Times.  Vis Raghavan, JP […]

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US blue chip equities index, the Dow Jones, set a fresh all-time record, as it bounced over 440 points and hit 30,034 points. Beating its previous record of 29,989 points booked at the end of 2019, the US index was buoyed by rallies posted by COVID-suffering equities in finance, commodities, air travel and film. Chevron […]

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With the UK suffering more than most at the hand of the COVID pandemic – and watching its GDP shed 19.8% during the second quarter – it appears only natural that investors are chomping at the bit, and trying to climb aboard the British economic recovery train. Having displayed some optimism following Pfizer and Moderna […]

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British power company Drax Group (LON:DRX) today announced that it had successfully completed a three-year-long extension to its Environmental, Social and Governance facility, with the contractual final maturity now pushed back to 2025. Drax is known for championing ethical alternatives, having become the first coal-run power station company to invest in flue gas desulphurization technology […]

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Bristol-based British tobacco multinational Imperial Brands Plc (LON:IMB) have seen their share price dip despite impressive growth in its vaping division. Promising First Half The company joined other tobacco firms, such as British American Tobacco (LON:BATS), in suffering from headwinds. Tobacco volumes fell by 6.9% and 4.5% on an underlying basis, which was led by […]

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Property investor and developer Segro Plc (LON:SGRO) have seen their shares rally amid reports of an impressive nine months in 2018 – sharing the fate of their counterparts in the property development sector. The firm’s rental collection reached ‘headline’ rates – meaning that “annualised gross passing rent receivable, once incentives such as rent-free periods had […]

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British aerospace engineering firm Meggitt plc (LON:MGGT) have secured a $21 million contract to supply fuel cell equipment for the UH-60 Black Hawk helicopter. The 5 year deal has been agreed with the Defense Logistics Agency in Richmond Virginia and will mean the firm will supply the new equipment for the Black Hawks until the […]

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Anglo American plc’s (LON:AAL) share price has rallied this morning, with talks to sell part of its African operations to Vedanta Resources (LON:VED) a stake sell-off to Royal Bafokeng Rasimone Platinum (JSE:RBP), and buyers moving over from rival Glencore plc (LON:GLEN). Vedanta has made an offer of an equivalent £5.3 billion, via a shares swap, […]

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