Lloyd’s profits surge as Tiernan charts course for ‘efficiency’ era March 19, 2026 Lloyd’s of London has reported a pre-tax profit of £10.6bn, over a 10 per cent increase from the previous year, as its chief executive launches its new five-year strategy. Its gross written premiums climb to £57.9bn, up over 4 per cent. This was driven by volume growth as new syndicates joined the market; however, for [...]
Sadiq Khan urges Labour to back return to EU March 19, 2026 Sadiq Khan has called for Labour to campaign for the UK to rejoin the European Union, days after Rachel Reeves delivered one of the most Europhile speeches since Brexit. The London Mayor said his party should move beyond discussions about access to the single market or joining the customs union by 2030, and instead move [...]
UK risks ‘jobless generation’ as retail hiring plummets March 19, 2026 A leading industry body has warned the UK faces a “jobless generation” as the number of jobs in retail fell to a record low. There were 2.8m retail jobs in 2025, according to the Office for National Statistics’ four-quarter average, which smooths out seasonal variations in hiring, which is 383,000 fewer than in 2015. The [...]
Oil and gas prices surge after Trump threatens to ‘blow up’ Iran energy site March 19, 2026 The surging price of oil and gas rocked markets this morning as tensions across the Middle East continued to spike fears of an energy crisis. Brent crude – the international benchmark for oil – hit $113 this morning, one of the highest levels since the conflict broke out three weeks ago. Meanwhile the price of [...]
DFS defies wet weather to double profit March 19, 2026 Furniture retailer DFS almost doubled its half-year profit despite recording lower shop footfall as wet weather dampens sales across retail. The London-listed company recorded a £30m profit in the first half of this year, almost double the £16m recorded the year prior, as revenue grew by nine per cent to £548m. The wet weather has [...]
UK job market weakens as economy set to worsen March 19, 2026 The jobs market failed to provide more positive signs for the UK economy as official data suggested that fewer postings were available for job seekers. An estimate published on Thursday showed that the number of payrolled employees dropped by 49,000 in February while data showed a small rise in January. The Office for National Statistics [...]
Owner of collapsed lender MFS hit with freezing order March 19, 2026 The owner of a collapsed shadow bank has been hit with a worldwide freezing order after his firm faced fraud allegations. Paresh Raja, founder of Market Financial Solutions (MFS), has been told by courts in London and Dubai to give details of all his assets worth more than £10,000 and cannot spend more than £5,000 [...]
Bank of England Live: Interest rates held in first unanimous vote in eight years March 19, 2026 Welcome back to City AM‘s ongoing coverage of the interest rates decision. Interest rates have been held as rate-setters at the Bank of England warned the war in Iran could send prices spiralling as soon as April. In the first totally unanimous vote in eight years, all members of the Monetary Policy Committee voted to [...]
Google and Apple can give Team GB Lottery-like boost up medal tables March 19, 2026 It took John Major’s National Lottery brainwave to turn GB into an Olympic and Paralympic force but Big Tech could do the same, argues Ed Warner. With Milan Cortina a wrap, British athletes have completed a full set of post-Covid Olympics and Paralympics, both Summer and Winter, in 21 months. A solitary silver medal from [...]
Football missing bank-grade infrastructure as regulator powers grow March 19, 2026 English football is entering a new era: the Premier League has just handed Chelsea a record fine for hidden payments, while the Independent Football Regulator (IFR) is starting to flex its intentions to improve financial soundness and resilience across the pyramid. The latest licensing proposals go further, allowing the regulator to categorise clubs as “high‑risk” [...]