- Cardano was trading at $0.9323 by 21:09 (02:09 GMT) on the Index on Thursday, down 10.42% on the day. It was the largest one-day percentage loss since...
John LeFevre, a financial author and founder of Votermaps.org, on Breitbart News Saturday said that the …
Ofwat will use new powers to fine Thames Water £18m for two dividend payments it made in the last year and a half.
The Financial Conduct Authority (FCA) has extended the time that companies have to respond to motor finance complaints following a landmark high court ruling. In an announcement today, the City watchdog said firms will have until 4 December 2025 to provide a final response to customer complaints over the use of now-banned non-discretionary commission arrangements [...]
A shake up could be coming for the UK’s investment trust industry after US hedge fund Saba Capital launched a campaign to topple the boards of seven different companies yesterday. “Like the Ghost of Christmas Past, Saba has descended upon the investment trust industry, urging self-reflection,” said Shavar Halberstadt, analyst at Winterflood. There have been [...]
The London insurance market is the "jewel in the crown'", it's no surprise that US insurer Markel International has the City at the heart of its strategy
“There’s always light at the end of the tunnel,” said one London Stock Exchange executive in March, just after two more firms announced they were heading for the exit. “Don’t lose your head amongst all the doom-mongering.” It is a mantra that London’s bourse has had to hold onto over the past 12 months as [...]
Each week we dig into the memory bank of the City’s great and good. Today, Edd Lees, takes us through his career which went from finance to farming What was your first job? Working on a stall in Leeds market. What was your first role in the city/business world? Junior in a derivatives trading firm immediately [...]
Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles buyouts at Boots, big bonuses at Natwest and Reeves’ China charm offensive Boots’ octogenarian dealmaker tries to formulate new potion If life begins at 80, then Stefano Pessina, the octogenarian pharmaceuticals [...]
Sales at London Waterloo shops have soared to the top of the leader-board of Network Rail’s portfolio of train stations, after the station opened a Wetherspoons that is the country’s largest railway pub, new figures show. The London hub reported the most quarterly sales growth of any of the 19 stations Network Rail runs in [...]
The Bank of England held interest rates at 4.75 per cent today, while downgrading economic forecasts for the UK towards stagnant growth. Only six members of the Bank’s Monetary Policy Committee voted to keep interest rates steady, less than had been expected, as three voted to cut rates by 0.25 per cent citing fears over [...]
Telecoms giant BT has successfully defended a £1.3bn class action over allegations it “disproportionately overcharged” its landline customers
The City minister has been named in an investigation into whether her Bangladeshi family embezzled nearly £4bn from energy and major infrastructure deals. Tulip Siddiq, whose ministerial remit includes tackling corruption in financial markets, is accused of having helped broker a deal with Russia for a nuclear power power plant in Bangladesh 11 years ago [...]
There’s just one seat remaining on the 2025 Formula 1 grid after Liam Lawson was confirmed as Sergio Perez’s replacement at Red Bull Racing. Mexican Perez was sacked on Wednesday after a 2024 season where he consistently finished below par in comparison to his teammate Max Verstappen. Lawson said: “To be announced as a Red [...]
Legal regulator has issued warnings to law firms, particularly those working on high-volume claims, on the tactics used to try an attract new clients