City regulators fine Citigroup £61.7m for trading breaches
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have fined Citigroup £33.9m and £27.8m respectively for breaches in trading controls which resulted in US$1.4bn being executed erroneously on European market exchanges. On the morning of 2 May…
Kroger reports solid first quarter results for 2024
The north American supermarket retailer Kroger posted solid first quarter results, with an operating profit of $1,300m (£1.03bn), driven by increased customer footfall and digital sales. The company’s grocery business performed better than expected, which helped compensate for lower fuel…
DocuSign looks to AI synergies from Lexion acquisition to drive future profitability
DocuSign, the American software company which provides electronic agreements for firms, posted strong first quarter results, based on the acquisition of Lexion (an agreement workflow platform), and continued product innovation. Allan Thygesen, CEO, said core business revenue in Q1 was…
Explainer: How safe are stolen western aircraft in Russia to fly?
We spoke with leading industry expert Ben Greenway from Storm Aviation (a leading maintenance, repair and overhaul (MRO) firm), to find out more. With the school holidays rapidly approaching, many travellers may have concerns about the safety of flying, especially…
Sutton business owners anticipate higher taxes after the general election
In 2023, government statistics indicated some 8.7m people were employed by 5.3m micro-firms in the UK, with a total turnover of over £923Bn. These firms typically employ no more than 10 people and have turnover of no more than £2m…