Allow pensions savings to go into housing deposits, says FCA chief February 10, 2026 The head of the financial watchdog has suggested that the UK should have the “contentious debate” about whether pension savings could be put towards housing deposits. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), said there was greater scope for pension savings to support financial resilience, particularly among lower income households. “We have [...]
BP shares down: What is going on at the oil giant? February 10, 2026 Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its balance sheet. The London-based oil baron announced in its final results on Tuesday that it has suspended its share buyback programme and increased its cost-cutting goal as it looks to reverse its fortunes in the [...]
Barclays boss calls for political ‘stability’ as banker’s pay packet swells to £15m February 10, 2026 The boss of British banking giant Barclays has called for “stability” across the political landscape as the Labour government’s future faces uncertainty. CS Venkatakrishnan, the bank’s chief executive who is known as Venkat, faced questions on the turmoil in Number 10 after Barclays published its full-year earnings report. “From the point of view of businesses [...]
Dunelm eyes store expansion as Brits get the blues February 10, 2026 Dunelm is eyeing a major expansion of its store estate as the furniture and homeware store looks to claw more market share from rivals. Chief executive Clo Moriarty, who joined the firm from Sainsbury’s in October, told City AM the FTSE 250 firm had “identified a suite” of new locations and intends to “go after [...]
‘Crown jewel’ of Olympic Games memorabilia put up for sale at auction February 10, 2026 An ultra-rare winners’ medal from the first modern Olympic Games in Athens in 1896 is set to be sold at auction in Denmark next month. The silver gong – gold medals were only introduced in 1904 – is believed to be the world’s oldest Olympic medal and has an estimated value of 200,000–300,000 Danish kroner [...]
Standard Chartered shares fall as finance boss exits for Apollo February 10, 2026 The finance boss of Standard Chartered has made a swift exit from the bank as he takes up a top job at asset manager Apollo. Diego De Giorgi, who joined the bank in September 2023 before becoming chief financial officer in January 2024, stepped down to lead Apollo’s European, Middle East and Africas region. The [...]
BP shares slide as suspends share buybacks and increases cost-cutting goal February 10, 2026 Energy giant BP has suspended its share buyback programme and deepened its cost-cutting target, as it scrambles to bolster its balance sheet amid the anticipation of a weaker oil price. In its final results, the company said the decisions were taken to allow it invest in its oil production business and “fully allocate excess cash” [...]
Budget documents accessed thousands of times before release February 10, 2026 The budget was accessed nearly 25,000 times before its formal release, according to an official report into the leak, raising questions over the data handling practices of the UK’s fiscal watchdog. The National Cyber Security Centre (NCSC) said it had identified at least 24,701 successful downloads of the document, compared to the 43 spotted in [...]
Barclays kicks off £15bn shareholder bonanza after profit rises February 10, 2026 Barclays kickstarted plans to dish out heaps of cash to shareholders on Tuesday after the bank’s profit breezed ahead of expectations for the 2025 financial year. The FTSE 100 giant launched a fresh £1bn share buyback after pre-tax profit soared 13 per cent in the last 12 months to £9.1bn. This came ahead of internal [...]
FTSE 100 Live: BP tumbles on buyback suspension, Barclays profit boost February 10, 2026 Good morning and welcome back to the City AM liveblog. It was a rocky day for bond markets on Monday as political jitters rippled through the City. The 10-year gilt yield – a key benchmark for the government – rose as much as 10 basis points to 4.62 per cent following news that Scottish Labour [...]