Lloyds rides out end of interest rate spike with bumper profit October 25, 2023 Increasing competition was not enough to stop Lloyds from performing above expectations in the third quarter as the bank continued to benefit from a relatively benign credit environment. In the three months to September, pretax profit hit £1.9bn, more than triple the same period last year and slightly ahead of analyst expectations. Net interest income [...]
Israel minister: “What is a proportionate response to the killing of babies?” October 25, 2023 Israel's foreign minister told the UN that his country had a right to defend itself after the bloody terrorist attacks of October 7
Deutsche Bank guides to top end of guidance despite interest rate woes October 25, 2023 Investment bank revenue slumped at German giant Deutsche Bank but profits still beat expectations
Seat and Cupra chief: There’s a ‘perfect storm’ ahead for European carmakers October 25, 2023 City A.M. sits down with Seat chief Wayne Griffiths to discuss the European car industry and Cupra's roaring success.
Almost 80 per cent of European financial services brace themselves for Generative AI impact October 25, 2023 Many firms still lack plans to train their workforce to adapt to Generative AI, despite reports of high numbers of financial services bracing for impact.
UK digital ad spend continues to see ‘extremely strong growth’, despite economic uncertainty October 25, 2023 A total of five per cent year-on-year growth was reported in the UK's digital advertising market — despite ongoing economic uncertainty.
Brits lose ‘staggering’ £580m to fraud in six months as banks urge Big Tech to do more October 25, 2023 After Fraudsters took £580m from Britons in 2023, the banking trade association UK Finance called the issue a "national security threat".
Bill that would ban boycotting Israel set to be debated in Parliament October 25, 2023 A bill which would ban British public bodies from boycotting Israel is set to be debated by MPs today. Levelling up secretary Michael Gove will bring the bill to Parliament today, as first reported by the Guardian, despite warnings it could stoke tensions amid the Israel-Gaza crisis. It comes amid an increasingly severe humanitarian crisis [...]
Euan Blair’s Multiverse quietly shelves school-leaver mission as growing pains set in October 25, 2023 Euan Blair’s educational technology firm Multiverse has quietly shelved its mission of getting school leavers into jobs in a restructuring which former employees claim has created a “cut-throat” culture of “fear” at the firm, City A.M. can reveal.
Rugby World Cup expansion welcome but err on the side of caution October 25, 2023 In the depths of the destructive World Rugby announcement that is set to partition the best rugby teams from the aspiring ones there was one shining light: the 2027 World Cup will have 24 teams rather than 20. It is a move that has been long called for and should at least ease the pain [...]