GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →

Latest News

The latest articles and breaking news from Global Banking & Finance Review.

Latest articles

Image for Ofgem approves deal to maintain UK gas import capacity
Finance

Ofgem approves deal to maintain UK gas import capacity

LONDON, Oct 22 (Reuters) - UK energy market regulator Ofgem said on Thursday it has approved an agre...

22nd October, 2026

Image for Pirelli, Balkrishna strike India tyre production deal
Finance

Pirelli, Balkrishna strike India tyre production deal

Oct 22 (Reuters) - Italian and Indian tyre makers Pirelli and Balkrishna Industries (BKT) announced...

22nd October, 2026

Image for Surging sterling shakes off Britain's budget blues: Mike Dolan
Finance

Surging sterling shakes off Britain's budget blues: Mike Dolan

By Mike Dolan LONDON, Oct 22 (Reuters) - Sterling is roaring into next week's UK budget, marking a d...

22nd October, 2026

Image for UBS acquires 4.8% stake in Indian wealth manager 360 One Wam
Finance

UBS acquires 4.8% stake in Indian wealth manager 360 One Wam

Oct 22 (Reuters) - UBS has acquired an approximately 4.8% stake in India's 360 One Wam after convert...

22nd October, 2026

Image for Analysis-How a merged SpaceX-Tesla might navigate its China problem
Finance

Analysis-How a merged SpaceX-Tesla might navigate its China problem

Oct 22 (Reuters) - Elon Musk’s potential mega-merger of Tesla and SpaceX would likely face a China-s...

22nd October, 2026

Image for Holiday Inn owner IHG beats revenue estimates on resilient US travellers
Finance

Holiday Inn owner IHG beats revenue estimates on resilient US travellers

By Simone Lobo and Yadarisa Shabong Oct 22 (Reuters) - Holiday Inn owner IHG beat quarterly room rev...

22nd October, 2026

Image for Barclays to slash 5,000 jobs in AI-powered cost-cutting drive
Finance

Barclays to slash 5,000 jobs in AI-powered cost-cutting drive

By Lawrence White LONDON, Oct 22 (Reuters) - Barclays said it is cutting around 5,000 jobs or 5% of...

22nd October, 2026

Image for Pearson reports accelerating growth, confirms full-year guidance
Finance

Pearson reports accelerating growth, confirms full-year guidance

LONDON, Oct 22 (Reuters) - British education firm Pearson reported stronger growth in the third quar...

22nd October, 2026

Image for Ozempic wave boosts US cobblers and tailors as Americans tighten their belts
Finance

Ozempic wave boosts US cobblers and tailors as Americans tighten their belts

By Danielle Kaye and Alexander Marrow NEW YORK, Oct 22 (Reuters) - Lorraine Scott has spent at least...

22nd October, 2026

Image for Barclays Q3 profit rises 12%, announces $670 million buyback
Finance

Barclays Q3 profit rises 12%, announces $670 million buyback

(Corrects profit to 'up' from 'down' in paragraph 2) LONDON, Oct 22 (Reuters) - Barclays said its th...

22nd October, 2026

Image for Sainsbury's raises profit outlook but sales growth slowdown hits shares
Finance

Sainsbury's raises profit outlook but sales growth slowdown hits shares

(Fixes typo in paragraph 2) By James Davey LONDON, Oct 22 (Reuters) - Sainsbury's, Britain's second-...

22nd October, 2026

Image for LSEG to buy Octus in $3.5 billion deal to shield from AI disruption
Finance

LSEG to buy Octus in $3.5 billion deal to shield from AI disruption

LONDON, Oct 22 (Reuters) - The London Stock Exchange Group will buy credit data firm Octus for $3.54...

22nd October, 2026

Image for Hermes revenue growth slows as Chinese consumers cut spending on accessories
Finance

Hermes revenue growth slows as Chinese consumers cut spending on accessories

By Tassilo Hummel and Alessandro Parodi PARIS, Oct 22 (Reuters) - Birkin bag maker Hermes posted sof...

22nd October, 2026

Image for Palantir says it cannot shut off NATO AI system as Europeans fear US tech dependence
Finance

Palantir says it cannot shut off NATO AI system as Europeans fear US tech dependence

By Andrew Gray BRUSSELS, Oct 22 (Reuters) - US software company Palantir sought to reassure European...

22nd October, 2026

Image for Argenx says Vyvgart sales rose 54% in third quarter
Finance

Argenx says Vyvgart sales rose 54% in third quarter

Oct 22 (Reuters) - Belgian-Dutch pharmaceutical firm argenx said on Thursday that global sales of it...

22nd October, 2026

Image for German regulator revokes license of Bank Saderat Iran in Hamburg
Finance

German regulator revokes license of Bank Saderat Iran in Hamburg

FRANKFURT, Oct 22 (Reuters) - Germany's financial regulator BaFin said on Thursday it had revoked th...

22nd October, 2026

Image for Swedbank Q3 net profit in line with forecasts
Finance

Swedbank Q3 net profit in line with forecasts

STOCKHOLM, Oct 22 (Reuters) - Swedish banking group Swedbank on Thursday reported third-quarter net...

22nd October, 2026

Image for Roche beats revenue estimates, shares slip as copycats eat into Xolair sales
Finance

Roche beats revenue estimates, shares slip as copycats eat into Xolair sales

By Patrick Wingrove and Marleen Kaesebier ZURICH/ LONDON, Oct 22 - Swiss drugmaker Roche beat third-...

22nd October, 2026

Image for Telia raises its 2026 outlook
Finance

Telia raises its 2026 outlook

Oct 22 (Reuters) - Swedish telecom operator Telia on Thursday raised its outlook for 2026 as its thi...

22nd October, 2026

Image for Besi beats order forecasts, says ASML not a hybrid bonding rival
Finance

Besi beats order forecasts, says ASML not a hybrid bonding rival

By Nathan Vifflin Oct 22 (Reuters) - BE Semiconductor Industries on Thursday beat analyst expectatio...

22nd October, 2026