Scientists have created embryonic stem cells that are a near identical genetic match to patients, an advance that could enable transplants and treatments based on an individual’s own tissues.
Provident Financial Plc, the U.K.’s biggest subprime lender, fell in London trading after saying loan arrears are mounting as rising utility bills hurt customers’ finances.
Close Brothers Group Plc, the British financial services company founded in 1878, said profit for the first half rose 16 percent as loan impairments fell.
Barclays Plc, the U.K.’s second- largest bank by value, said it will consider tendering its audit contract held for 117 years by PricewaterhouseCoopers LLP.
Man Group Plc said an employee of its GLG hedge-fund division was arrested by the U.K. Financial Services Authority and London police today.
The European Central Bank is buying Italian securities, according to two people with knowledge of the transactions. They declined to be identified because the transactions are confidential.
Man Group Plc’s GLG unit said it hired Kumaran Damodaran from Pacific Investment Management Co. as a portfolio manager focusing on emerging markets.
The European Central Bank bought Italian government bonds, according to three people with knowledge of the transactions.
Barclays Plc plans to name David Walker as its next chairman, Sky News reported.
Spanish bank restructuring is on track, Bank of Spain Governor Luis Maria Linde said.