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Pound could go from bad to worse as May drama dominates mood

Bloomberg There may be no respite for the pound after its worst weekly performance in a year. Sterling fell almost 3 percent last week, after a chaotic Conservative party conference cast the premiership of Theresa May in doubt. With political intrigue set to continue, the Brexit talks restarting and manufacturing data due, strategists anticipate another volatile week and investors in ...

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Goldman, Carnegie outpace rival banks amid Nordic IPO boom

Bloomberg A record number of initial public offerings in the Nordic region is benefiting some banks more than others. Among non-Nordic banks, no one’s doing better than Goldman Sachs Group Inc., according to data compiled by Bloomberg on firms advising on the region’s IPOs. Morgan Stanley tops the rankings, when all equity sales are taken into account. But when it ...

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£10 note sells for £7,200 at BOE auction

Bloomberg A Bank of England (BOE) note with a face value of 10 pounds ($13) has sold for more than 700-times that amount at auction as Britain’s obsession with collectible new note issues shows no sign of abating. The tenner, as the bills are known in the UK, has the serial number AA01 000010 and sold for 7,200 pounds — ...

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