Barclays’ court win over financier is the definition of a hollow victory
The bank has avoided a damages claim for hundreds of millions - but this is no public relations triumph
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You can imagine the high fives and backslaps at Barclays HQ as a High Court judge delivered his verdict in its high profile legal tussle with financier Amanda Staveley.
“We welcome the Court’s decision to dismiss PCP’s claim in its entirety and award it no damages,” read the bank’s concise but pointed statement.
Billionaire’s repair job will struggle to fix Aston Martin’s problems
Lawrence Stroll insists 2020 was transformative, but huge losses prove the luxury car brand is stuck in reverse
25 February 2021 • 4:39pm
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When Lawrence Stroll says “2020 really has been a transformative year for Aston Martin”, one assumes he means in the good sense. Yet to the objective observer, it’s not that obvious precisely how.
True, billionaire Stroll and his wealthy friends have repaired its battered finances. October’s quarterly pit stop came with a comprehensive fuel top-up that probably prevented the carmaker from hurtling off the tarmac into an impressive eighth bankruptcy.
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NatWest’s Ireland exit fails to address the elephant in the room of state ownership
It’s hard to see how jettisoning its operation in the Irish Republic will help the taxpayer-controlled bank boost its share price
19 February 2021 • 2:00pm
NatWest customers are used to the bank closing branches. Since 2015 its network has halved in size with more than 1,000 branches under either the NatWest or RBS brand shutting their doors permanently – equivalent to one every two day. It is a policy that jars somewhat with its claim to be “helping people, families and businesses to thrive”.
Yes, more and more people are doing their banking via the web or through a phone app but what about the elderly? My 90-year-old grandmother certainly isn’t – poor eyesight, plus no mobile phone or internet connection acting as rather large impediments to her digital banking prowess.