Bank of America reports one of ‘best years ever’ while income at Wells Fargo and Citi falls January 13, 2023 Bank of America, Wells Fargo and Citigroup all beat consensus estimates in their quarterly earnings reports, despite substantial falls in income at the latter two. Bank of America had an excellent quarter, making 2022 “one of the best years ever for the bank”. In the fourth quarter Bank of America’s net income increased slightly to [...]
First-time buyers spend 39 per cent of take home pay on a mortgage – Nationwide January 13, 2023 Homes for first-time buyers are at their most expensive as a proportion of take-home pay since the financial crisis. The proportion of monthly income that first-time buyers are having to put towards mortgage repayments is returning to levels last seen in the 2008 financial crisis, according to Nationwide. Nationwide, the UK’s third largest lender has [...]
Dimon heralds ‘fortress balance sheet’: JP Morgan revenue up 17 per cent as interest rate boon continues January 13, 2023 JP Morgan beat expectations in its quarterly results, reporting increases in both income and revenue as higher interest rates continued to benefit the Wall Street giant. In the three months to December 31, JP Morgan reported net income of $11.0bn (£9.0bn), up from $10.4bn in the same period last year. The bank’s earnings per share [...]
Elvis star Austin Butler’s Golden Globes speech declaring “love” for Lisa Marie Presley goes viral January 13, 2023 Elvis star Austin Butler declared his “love” for Lisa Marie Presley just two days before she tragically passed away aged 54. In a passionate speech upon accepting his Best Actor award at the Golden Globes, Austin Butler leant into his adoration for Elvis’ family and how they had supported and guided him throughout the filming [...]
Very: Shoppers splurge on air friers and games consoles, but group sales slide January 13, 2023 Sales at online retailer Very rose 2.2 per cent year-on-year during the busy festive season. Toys, gifts and beauty and home departments were the main beneficiaries of the spending splurge, with sales up 17.7 per cent and 10.2 per cent respectively. Games consoles and Ninja air fryers were the bestselling items during the seven weeks [...]
EP: 177 Kempton, Warwick & Hong Kong January 13, 2023 Kempton pay tribute to two former equine stars with the Grade 2 Silviniaco Conti Chase and the Lanzarote Hurdle featuring on their Saturday racecard, whilst Warwick is the venue for two further Grade 2 jumps races on the same afternoon. Morning Wire Racing editor Bill Esdaile previews the best of the weekend action with Wally [...]
Bitcoin keeps on rising, despite being surrounded by bad news narratives January 13, 2023 Jason Deane goes beyond the headlines as Bitcoin continues to move upwards against a backdrop of crypto catastrophes.
Probe into Revolution Beauty’s accounts flag ‘concerns’ over £9m sales and personal loans made to employees January 13, 2023 An independent investigation into troubled cosmetics maker Revolution Beauty identified concerns, including over certain historical sales, inventory provisioning methods and personal loans made by a former CEO. The probe was instigated by the company’s auditors BDO last autumn and has already claimed the scalp of former chief executive officer Adam Minto who stepped down from the [...]
Why your ‘smart’ TV will only last two years – Which? January 13, 2023 “Smart” appliances such as TVs and washing machines risk losing features and functionality after as little as two years because manufacturers are not providing vital updates, a consumer group has warned. Which? said its research found that smart devices including dishwashers and inkjet printers, which might be expected to last more than a decade, could [...]