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Business

  • 2026 World Cup: Iran asks Fifa to move games from US to Mexico

    March 17, 2026

    Iran has asked Fifa to move its 2026 World Cup games from the US to Mexico as the wrangling over the war-torn country’s participation continues. The Iranian embassy in Mexico posted a statement on social media saying that talks were ongoing over the possible solution after President Trump suggested that it may not be safe [...]

  • Is AI the future of work?

    March 17, 2026

    Technology leaders say artificial intelligence (AI) is the future of work, but the reality for business leaders is more complicated. The world of work is clearly moving in this direction, as the government recently announced plans to offer free training to British adults on how to effectively use AI in their work.  But researchers have [...]

  • Shadow bank collapse floods London with hundreds of luxury properties

    March 17, 2026

    London’s super prime property market is set to be flooded with hundreds of luxury homes following the collapse of one of Britain’s biggest shadow banks. Mansions in Kensington, Belgravia, Knightsbridge and Mayfair are being put on sale by administrators for Market Financial Solutions (MFS), all of which were controlled by individuals with links to the [...]

  • Trustpilot shares rocket as profit soars past forecasts

    March 17, 2026

    Shares in Trustpilot rocketed on Tuesday morning as the FTSE 250 firm posted profit that surged past market forecasts. The customer feedback platform delivered a near-tripling of pre-tax profit to £14.1m for 2025, which it put down to investment into AI. “We have seen a dramatic rise in the visibility of Trustpilot in AI models, [...]

  • Close Brothers to axe fifth of jobs after motor finance ‘wipeout’ warning

    March 17, 2026

    Close Brothers has warned it will cull as much as a fifth of its headcount as the bank continued its aggressive cost-cutting strategy following mounting losses linked to the motor finance scandal. The FTSE 250 bank said it would axe a staggering 600 full-time roles by the end of the 2027 financial, which represents around [...]

  • Wickes profit doubles as DIY firm bets on solar

    March 17, 2026

    Home improvement retailer Wickes has doubled its profit as the firm positions itself to become a leader in solar panel installation.  The firm took revenue of £1.6bn, up six per cent, and pre-tax profit grew from £23m to £49m, in the year to December 2025.  Wickes was promoted to the FTSE 250 last year, as [...]

  • The best short- haul breaks near London for a weekend trip

    March 17, 2026

    Ah spring! That beautiful month when all the doom and gloom of the long winter finally lifts… unless you live in the UK, of course. With world politics dominating the news cycle and a cost-of-living crisis demolishing our pockets, escapism is at the forefront of all of our minds.  Spring is also all about renewal, [...]

  • FTSE 100 Live: Stocks inch up; Gas prices surge after drone attacks

    March 17, 2026

    Good morning and welcome back to the City AM liveblog. The FTSE 100 closed up 0.5 per cent yesterday, settling at 10,317.69p led by a three per cent jump in Endeavour Mining. It came as global markets were brought some reprieve from declining oil prices. The price of Brent crude, the international benchmark for oil [...]

  • UK fintech Pockit borrows cash from Spanish railway architect

    March 17, 2026

    Pockit has borrowed money from an award-winning Spanish railway architect in one of the most unusual debt raises completed by a British fintech. The Cardiff-based business, which offers prepaid accounts to customers without a credit score, has signed a debenture agreement with Anchorgate Management, a British Virgin Islands company controlled by architect Santiago Calatrava, company [...]

  • Iran war: Independent pubs face ‘devastating’ energy costs

    March 17, 2026

    Independent pubs could be left vulnerable to spikes in energy costs caused by the Iran war, while their larger competitors enjoy the security of fixed energy deals.  Landlords across the UK could face “devastating” costs if energy prices continue to rise, trade body UKHospitality has warned. Blockages to the Strait of Hormuz, a crucial shipping [...]

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