Over 50s mortgages help LiveMore turbocharge growth August 6, 2025 According to Legal & General Mortgage Services, which is involved in around a third of all mortgage transactions in the UK, there has been a dramatic increase in the number of over-50-year-olds applying for mortgages. Rising house prices, coupled with increasing longevity, have pushed the average age of the first time buyer to 33, with [...]
TP ICAP shares fall despite revenue growth August 6, 2025 Interdealer broker TP ICAP Group reported record revenue growth in the first half of the year, supported by strong broker productivity, cost control, and strategic diversification. The firm recorded adjusted revenue of £1.22bn, up seven per cent, driven by momentum in its global broking and Liquidnet divisions. The global broking arm was the business’s best [...]
Hiscox shares jump after firm lifts buyback despite wildfire losses August 6, 2025 Shares in Lloyd’s of London insurer Hiscox jumped more than 10 per cent in early deals this morning after the company hiked its share buyback. Overall, the group posted a slight fall in interim profit as wildfire claims hit its reinsurance division, but the group increased capital returns on the back of substantial investment income. [...]
Crystal Palace Europa League appeal is watershed moment, say lawyers August 6, 2025 Crystal Palace’s appeal against Europa League expulsion is “likely to be a watershed moment” in football’s multi-club ownership rules, sports lawyers believe. Palace will take their legal battle to the Court of Arbitration for Sport (Cas) on Friday in a bid to overturn Uefa’s decision to demote them to the Conference League. European governing body [...]
Legal & General: Profit jumps as international growth pays off August 6, 2025 Asset management and insurance giant Legal & General has reported steady growth across all business arms as it continues its international growth plans. The company recorded a six per cent increase in core operating profit for the first half of 2025 after recording steady growth across all three of its business arms. Core operating profit [...]
Glencore shelves plans to move primary listing from London August 6, 2025 Glencore has scrapped plans to move its primary listing from London as part of a major overhaul to reverse its declining share price and stuttering production. Boss Gary Nagle confirmed on Wednesday the Anglo-Swiss commodities juggernaut was no longer assessing whether to move its main listing to New York, telling reporters it decided the move [...]
Metro Bank trebles profit amid pivot to specialist lending August 6, 2025 Metro Bank more than trebled its profit in the first six months of the year as its transformation strategy gained pace. The high street lender recorded an underlying profit before tax of £45m, compared with £12.8m in the second half of 2024. Revenue grew 22 per cent to £286m whilst operating costs fell eight per [...]
Birmingham Phoenix tee up Castore as Hundred teams ditch New Balance August 6, 2025 Birmingham Phoenix have agreed a kit deal with Castore for next season, with The Hundred’s long-term apparel supplier, New Balance, increasingly being phased out by the franchises that are under new ownership. City AM revealed last week that London Spirit are also dropping New Balance after the current campaign, with their new co-owners, Cricket Investor [...]
Government weighs offering HR vouchers to small businesses over employment rights changes August 6, 2025 The government is weighing offering free HR advice to small businesses as it braces for the fallout from measures contained in its forthcoming Employment Rights Bill, City AM can reveal. The Department of Business and Trade is understood to be considering a voucher scheme in which firms would be given time with HR specialists to [...]
Zempler Bank grows profit on the back of high interest rates August 6, 2025 Zempler Bank has recorded its third consecutive year of profitability after a cheering jump in customer deposits and a strong performance in interest income. The UK fintech – formerly known as Cashplus – recorded a 58 per cent leap in pre-tax profit to £5.2m for the year ending March 31 2025. It comes as deposits [...]