The UK stock market’s biggest winners and losers of 2019

UK bank ring fence may be storing up as much trouble as Brexit

LONDON: Britain took a step into uncharted territory this year, aiming to make its banks safer. But it might have just driven risk to places where it’s less manageable than before.

When little information is insufficient

Disclosures on accounting errors need to be elaborate.

S&P 500 posts highest close since November 8 on trade optimism

NEW YORK: The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China.

Ant Financial’s US$150b worth could grow further

NEW YORK: Ant Financial is too big to be described as a unicorn. Rather than being worth a few billion dollars, the Chinese payment firm affiliated to Alibaba is planning to raise money at a price that would value it at an eye-popping $150 billion ahead of a possible initial public offering. For such an exotic beast, investors might need to resort to some exotic valuation techniques.

Diary Malaysia Wednesday June 28

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

Tesco says US$3mil stolen in cyber theft, resumes service

Retailer Tesco Plc's banking arm said on Tuesday that £2.5mil (RM12.9mil) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank.

UK upstart banks lack too-big-to-fail airbag

LONDON: Britain's biggest banks are coping with its European Union exit - but upstart smaller peers may struggle.

Britain's FTSE falls as retail and property stocks slump

LONDON: Britain's blue-chip share index fell on Wednesday, with a sharp sell-off in retail and property-related stocks outpacing a rally in precious metals miners after prices of safe-haven gold hit a two-year peak.

UK banks to bear the brunt

LONDON: Investors contemplating how London could look outside the European Union (EU) have already identified some potential victims: fast-growing British lenders that might have to face their first economic downturn as public companies.