Revolut lands fresh banking licence after wrestling with Europe friction August 10, 2026 Revolut has been granted a new full-fat banking licence with approval from the European Central Bank following previous friction with the prudential regulator. The $75bn fintech giant – which is currently undergoing a secondary share sale expected to value it at $115bn – revealed on Monday its European arm will accelerate its continental push under [...]
Burnham takes on ‘rip-off’ discounts and subscriptions in cost of living push August 10, 2026 Andy Burnham has vowed to outlaw fake discounts and crack down on stealth subscriptions as he pledges to deliver “breathing room” on the cost of living. The Prime Minister has proposed to ban businesses from advertising “rip-off” discounts and said he will accelerate existing plans to make subscriptions easier to cancel. These two pledges come [...]
Plus500 splashes cash on investors after US expansion bears fruit August 10, 2026 Plus500 has kicked off another round of bumper returns to shareholders after delivering its highest customer income in five years following expansion into the US market. The FTSE 250 fintech recorded revenue of $462.9m for the first half of the year, up 12 per cent year-on-year. Meanwhile customer income, which measures revenue generated directly from [...]
As it happened: Intel, Arm shares slide; Oil climbs higher August 10, 2026 Welcome back to the City AM liveblog. Oil is starting the new week higher and making its third consecutive session for gains after optimism for a peace deal between the US and Iran stalled over the weekend and uncertainty around the Strait of Hormuz persisted. Donald Trump has said the US is “low-keying it” with Iran, [...]
Burnham is wrong. Devolution will only grow Whitehall August 10, 2026 Despite promises to streamline, the Civil Service has only grown and grown. Burnham's devolution will make it worse, says Arthur Reynolds.
Improve technical education for women to plug engineer shortage August 10, 2026 Technical education, in particular for women and ethnic minorities, has a big role to play in addressing the skills shortage in engineering.
Ex-UK minister Robertson rubbishes Ukrainian claims he aided Russia’s Olympic return August 10, 2026 Former Sports Minister Sir Hugh Robertson has shut down claims he was central to Russia’s readmission into the Olympic Games, telling City AM that claims he is a “Russian stooge” are “rubbish”. The former Conservative cabinet minister and the International Olympic Committee’s chair of the Working Group on the Fundamental Principles of Olympism, has described [...]
‘Good growth in every postcode’ is a woeful catchphrase August 10, 2026 Burnham and co's bid to 'back British' and generate 'good growth' everywhere is a bid to fool voters with their own money, writes Eliot Wilson.
Government to inject millions into electric vehicle firms despite mandate backlash August 10, 2026 The government will invest £65m into firms producing zero-emission vehicles, despite backlash from the automotive industry over its controversial electric vehicle mandate. The funding includes £50m for car firms and research partners to help produce electric vehicles at a larger scale. The Department of Business, Innovation, Science and Trade said the funding would support 1,800 [...]
Burnham facing calls to cut employment red tape as job seekers grow for 41 months August 10, 2026 The government is facing calls to strip red tape around employment after the pool of people looking for jobs in the UK grew for a 41st consecutive month. The number of people on the hunt for work has now grown for nearly three and a half years while the number of available jobs has declined [...]