FCA tightens cyber reporting rules as UK firms face rising risk March 18, 2026 The City watchdog has moved to tighten cyber and operational resilience rules for financial firms, as attacks grow more frequent and increasingly spread through third-party providers. The Financial Conduct Authority (FCA) confirmed new requirements to standardise how firms report incidents and manage third-party risks, in a bid to improve visibility over disruptions ranging from cyber [...]
‘Mario Kart’ Formula 1 cars need more time, says Williams March 18, 2026 Former Williams Racing boss Claire Williams believes Formula 1 should give drivers more time to adjust to new rules, but concedes that the sport’s chiefs often struggle to sit back and do nothing criticism. The most radical overhaul to regulations in F1 history ahead of this season has caused more overtaking during the opening two [...]
Is the motor finance scandal making City banks trim the fat? March 18, 2026 The motor finance scandal is reshaping the banking sector, in this week’s column Samuel Norman takes a look at how lenders are responding. In the fallout of the multi-billion pound motor finance scandal, bank bosses are getting their house in order. The landmark saga, which began with the UK’s financial watchdog’s review into the market [...]
Cash incentives keep Brits sticking with the high-street March 18, 2026 Digital banks are luring a number of Brits away from traditional providers, but cash incentives are leading many to stick with high-street banks. Almost 50 per cent of UK adults have now opened a digital only bank account, a near 10 per cent increase from last year, according to the latest report from comparison site [...]
British summer of sport tipped to spark £400m spending spree March 18, 2026 A blockbuster British summer of sport, including the 2026 World Cup, could see up to £400m flow through the economy, according to new modelling. Deep runs in the tournament for home nations and successful medal hauls for GB’s athletics team at major championships are projected by Novuna to trigger an upturn in consumer confidence of [...]
February showers dampen hospitality sales March 18, 2026 February’s wet weather kept Brits at home as hospitality sales fell compared to last year, extending a poor start to the year for the sector. The rainy month meant total like-for-like sales were 0.2 per cent lower than in February 2025, with sales having dropped 0.1 per cent year on year in January, according to [...]
Victory Capital raises offer as Janus Henderson bidding war heats up March 17, 2026 Victory Capital has increased its offer for rival asset manager Janus Henderson as the bidding war with Trian Fund Management and General Catalyst heats up. The latest offer from Texas-based Victory Capital comes just days after its previous approach was rejected, with the firm saying on Tuesday it would offer $40 (£29.96) per share in [...]
Reeves pledges ‘strategic state’ amid end of globalisation March 17, 2026 Chancellor Rachel Reeves has promised to create an “active and strategic” state as she warned that “globalisation as we once knew it is dead”. In a flagship lecture at the Bayes Business School on her growth agenda, Reeves suggested the size of the state had been expanded since Labour took office as part of a [...]
Nvidia’s $1 trillion bet keeps bubble fears at bay March 17, 2026 Nvidia has raised its estimate of the potential market for its artificial intelligence chips to $1 trillion by 2027, in a move that helped steady investor concerns about the durability of the AI boom. Speaking at the company’s developer conference in California, chief executive Jensen Huang said demand for AI computing continues to expand as [...]
Energy bills bailout speculation sparks bond sell-off fears March 17, 2026 An unfunded government intervention to subsidise household energy bills would trigger a gilt market rout likely to push the UK’s long-term borrowing costs to the highest they have been since 1997, bond investors and economists have warned. David Zahn, head of European fixed income at Franklin Templeton, told City AM that the prospect of ministers [...]