{
}
The hedge fund industry faces escalating costs due to increased regulatory burdens and a competitive talent market, with salaries soaring as firms vie for top talent. Outsourcing non-core activities is becoming a strategy to manage these pressures, allowing firms to focus on investment performance. Meanwhile, new technologies, particularly generative AI, are seen as potential long-term solutions to enhance efficiency and reduce operational costs.
UBS has maintained its "Buy" rating for Astrazeneca, setting a target price of 14,200 pence. Analyst Matthew Weston highlighted promising study results for the cholesterol-lowering drug AZD0780 presented at the US Cardiologists Congress.
The Swiss Financial Market Supervisory Authority (FINMA) will restructure its organization on April 1, 2025, to enhance risk-based supervision and financial system integrity. A new division, "Integrated Risk Expertise," will centralize risk management functions, while the Asset Management and Markets divisions will merge to improve efficiency. Key appointments include Marianne Bourgoz Gorgé as head of the new division and Léonard Bôle overseeing the merged divisions, with a focus on addressing emerging challenges like non-financial risks and cybercrime.
Lloyds and Close Brothers face significant scrutiny as the UK's Supreme Court hears a case regarding motor finance mis-selling, which could lead to substantial compensation claims for borrowers due to undisclosed commissions. Analysts estimate Lloyds may need to set aside up to £6 billion, with current provisions at £1.2 billion and expected additional charges of £1.3 billion. The outcome, anticipated in several months, could impact multiple lenders in the sector.
BNP Paribas Exane has downgraded J Sainsbury PLC from Outperform to Neutral, setting a price target of GBP2.55 amid concerns over market shifts following Asda's recent announcement. The supermarket sector is experiencing volatility, with Sainsbury’s shares down 6% since then. Analysts suggest that while there is a potential downside of 20-30%, a 50% upside could occur if Asda's issues are systemic, benefiting Sainsbury’s and Tesco in the long term.
Barclays maintains a bullish outlook on the Pound-to-Euro exchange rate, predicting it will rise into the 1.20s due to the UK's resilience against U.S. tariffs, which are underappreciated by markets. Analysts suggest that the potential impact of new tariffs could lead to a 5% shift in EURGBP, overshadowing any short-term benefits from fiscal expansion in the Eurozone. The UK economy shows signs of stability, supported by elevated wage growth and a slow Bank of England rate-cutting cycle, enhancing the pound's carry advantage.
Barclays PLC has announced the purchase and cancellation of 5,247,000 ordinary shares as part of its ongoing buy-back program initiated on February 14, 2025. This move is part of a broader strategy to manage share capital, with a total of 112,366,387 shares repurchased at an average price of 299.3398p per share. The cancellation will adjust the company's issued share capital, affecting stakeholders' interests under regulatory guidelines.
Major British banks, including Barclays, NatWest, Citibank, and JPMorgan, are taking a forex rigging case to the Supreme Court. In 2019, the European Commission found that these banks participated in FX spot trading cartels. A successful appeal could render the Court of Appeal's decision moot, jeopardizing the claim certification.
Lloyds has launched a banking hub in a town that previously lost its last bank, marking a significant return of banking services to the community. This initiative aims to provide essential financial services and support to local residents, enhancing accessibility and convenience.
HSBC Holdings repurchased a total of 3.4207 million shares on March 31, with 1.8427 million shares bought in the UK at a weighted average price of GBP8.714, and 1.578 million shares in Hong Kong at an average price of HKD88.6431. The repurchase reflects the company's ongoing strategy to enhance shareholder value.
British Pound Sterling
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
rising costs and technology challenges reshape the hedge fund industry landscape
10:57 01.04.2025
ubs maintains buy rating for astrazeneca with target price of 14200 pence
10:50 01.04.2025
FINMA announces restructuring to enhance risk-based supervision in Swiss finance
Euro
United States Dollar
British Pound Sterling
FinMan Gestion",
GBR
CHE
Stefan Walter
Marlene Amstad
Vera Carspecken
Show more
10:38 01.04.2025
Supreme Court hears motor finance case with major implications for lenders
British Pound Sterling
Secure Trust Bank PLC
Barclays PLC
Lloyds Banking Group plc
Close Brothers Group plc
Banco Santander, S.A.
Vanquis Banking Group plc
GBR
Matt Britzman
Show more
09:30 01.04.2025
bnp paribas exane downgrades j sainsbury stock to neutral amid market concerns
09:18 01.04.2025
Barclays predicts pound to euro rise amid tariff risks and UK resilience
08:41 01.04.2025
barclays announces share buyback program with recent purchase and cancellation
08:32 01.04.2025
major banks challenge forex rigging case in supreme court
Japanese Yen
Swiss Franc
United States Dollar
Euro
British Pound Sterling
Barclays PLC
CitiBank, N.A. Issuer Callable Fixed To Floating CD AASPAXX
Mufg Bank. Ltd.
JPMorgan Chase & Co.
NatWest Group plc
GBR
Show more
06:00 01.04.2025
Lloyds banking hub opens in town after closure of last bank
06:00 01.04.2025
hsbc holdings repurchases over 3.4 million shares across markets
02:16 01.04.2025
Trending
Subcategory
Corporate News
Stock Market Updates
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
CEO Changes
Industry Mergers & Acquisitions
Central Bank Actions
Global Trade Developments
GDP Growth & Recession Forecasts
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Workplace Trends
Startups & Entrepreneurship
Supply Chain Management
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Lux Digital Healt
Microsoft Corporation
UBS Group AG
Amazon.com, Inc.
Banco Santander, S.A.
Credit Suisse Strategic Income I
BNP Paribas SA
NVIDIA Corporation
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: