NatWest Group has completed its £2.7 billion acquisition of Evelyn Partners, creating the UK's largest private banking and wealth management business with around £127 billion in assets. The deal is expected to increase NatWest's fee income by about 20% and deliver annual cost savings of £100 million, despite one-off costs of £150 million. This acquisition expands NatWest's exposure to the higher-growth UK wealth market, aiming to improve growth and returns in the first year. The impact on full-year guidance will be detailed in the interim results on 31 July, with a slight reduction in NatWest's CET1 capital ratio anticipated.
The global automotive microcontrollers market is projected to grow from USD 15.49 billion in 2025 to USD 34.31 billion by 2035, at a CAGR of 8.28%. Growth is fueled by increasing adoption of advanced driver-assistance systems (ADAS), vehicle electrif...
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Viasat and BMW Group have successfully demonstrated the first integrated automotive satellite voice call, allowing drivers to make calls directly through the car's infotainment system even in areas without cellular coverage. This advancement, utilizi...
Iran has warned it will retaliate fiercely if the US targets its infrastructure, following President Trump's threat to strike Iranian power plants and bridges next week if negotiations fail. The US recently conducted airstrikes against Iranian milita...
Solana (SOL) maintains its price in the mid-$70 range, supported by several key developments. These include Circle's recent issuance of $500 million in USDC on the Solana network, increasing liquidity and transactional demand. Additionally, instituti...
