Natwest and Lloyds to rake in millions from a ring-fencing shakeup Banking Natwest and Lloyds are set for a major cash bump if Chancellor Rachel Reeves rips up the ring-fencing regime imposed on lenders, fresh data shows. FTSE 100 banking giants have lobbied the Chancellor to axe the system, which they described as a “drag on banks”. The bosses of HSBC, Lloyds, Natwest and Santander slammed the [...]
Ofwat: Water regulator courts investors with refreshed PFI deals Water Ofwat is courting investors with plans to guarantee risk and minimise competition as it looks for more than £50bn to upgrade the water sector’s second-rate infrastructure. Private investors will have the “right to collect” revenue from customers, “opportunities for upside”, “capped liabilities” and “investment positive” support from the government, according to a briefing paper seen [...]
Morgan out to make breakthrough Success in Hong Kong Sport IT HAS not been easy for bettors in Hong Kong over the past month or so with numerous surprise results causing grief, and plenty of head scratching from form book students. This was once again highlighted at Happy Valley in mid-week, when a handful of winners on the nine-race card were returned at double-figure odds, [...]
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Shawbrook Bank’s loan and deposit book boosted by retail demand May 15, 2025 Shawbrook Bank received a boost to its loan book in the first-quarter driven by strong demand in commercial and retail markets. Lending increased to £15.8bn, from £15.2bn at the end of 2024. This marked a 15 per cent annual jump. The growth came as the group’s structured lending pipeline reached a new high, as it [...]
Mark Kleinman: BP bid may be more likely from Exxon than Shell May 15, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column BP bid may be more likely from Exxon than UK rival Shell Takeover rumours in the London market don’t come with a more spectacular veneer than when they’re attached to BP. Unfortunately for Murray Auchincloss, the [...]
The Best New Casinos in the UK for May 2025 May 14, 2025 Our experts at City AM have carefully analysed the leading new online casino sites to enter the UK online casino industry and handpicked our favourites. Key features of the best new casino sites that we took into account include innovative features, broadness of game libraries as well as valid security and licensing. Keep reading to [...]
Wiggins family leaned on Armstrong during cyclist cocaine addiction May 13, 2025 Bradley Wiggins has revealed that his family leaned on shamed fellow former cyclist Lance Armstrong while the London 2012 hero was battling a cocaine addiction. Wiggins was famously given his gold medal outside Hampton Court Palace – a week after winning the Tour de France – but has since fallen into £2m of debt and [...]
Treasury meets Monzo and Revolut bosses amid plea for London listings May 13, 2025 The Treasury courted top UK fintech names including Monzo and Revolut on Tuesday in hopes of convincing the country’s most valuable unicorns into listing on the London Stock Exchange. Emma Reynolds, economic secretary to the Treasury, met with bosses from Monzo, Revolut, Clearscore and Oaknorth. Chief executive of the London Stock Exchange Dame Julia Hoggett [...]
Tesla and Apple shares surge as US markets rally on trade deal May 12, 2025 Markets on Wall Street soared on Monday as investors welcomed the trade progress between the US and China. The S&P jumped over 2.6 per cent as markets opened and the Dow Jones 2.41 per cent. Amazon gained over seven per cent and Nike six per cent. The tech-heavy Nasdaq rallied 3.5 per cent. Tech giants [...]