Legendary investor Warren Buffett bought his first stock 76 years ago.
The City regulator is proposing to water down stock market rules in a move regarded as an attempt to attract the world’s biggest ever flotation – of Saudi Aramco, the Gulf kingdom’s state oil company – to London.
Morgan Stanley Chief Executive Officer James Gorman pocketed $7.08m from share sales in November, his first since joining the bank in 2006.
Senior Morgan Stanley executives collectively earned about $10.5m over the past week by exercising options and selling shares, with most of them profiting from an election-fueled rally in bank stocks, according to securities filings.
Royal Bank of Scotland has been told by a group of private investors that it will be taken to court over a £1.25bn claim related to its 2008 cash call.
The value of Britain’s top 100 companies came close to an all-time closing high on Tuesday as the stock market benefited from a plunge in the value of sterling.
Embattled German lender Deutsche Bank saw some respite from recent selling on Wednesday after a slew of news helped the stock to push off record lows.
Sports Direct is braced for a fierce investor revolt at the company’s annual shareholder meeting this week as another influential City investor declared it would vote against the reappointment of chairman Keith Hellawell.