Nationwide to Greggs: King’s honours list champions UK business leaders June 14, 2025 Entrepreneurs and company chiefs in tech, recruitment and banking have been recognised for their contributions to UK business in the King’s birthday honours. Microsoft UK boss Clare Barclay and ceramics founder Emma Bridgewater, dubbed the “queen of pottery”, received damehoods for services to business. Nationwide chief executive Debbie Crosbie, who led a £2.3bn takeover of [...]
Will fintech banks survive falling interest rates? June 13, 2025 Fintech lenders have accelerated their swing to profitability after interest rates spiked. The UK’s neobanks pocketed record revenues in the last 12 months. Revolut’s takings grew 72 per cent topping £3.1bn. Meanwhile Monzo’s revenue hit £1bn for the first time. But this came as interest rates maintained a post-financial crisis high of 5.25 per cent [...]
Sam Renouf: From athlete to CEO and City AM Triathlon Team Challenge June 12, 2025 The CEO of the Professional Triathletes Organisation (PTO), Sam Renouf, on his journey from athlete to founder and launching the City AM Triathlon Team Challenge. Sam Renouf knows exactly when he realised he had to give up on his dream of becoming an Olympic champion. A rising star in the British triathlon set-up, the 21-year-old [...]
FCA chief: Court delays denying victims justice June 12, 2025 Delays in the UK court system are denying victims of financial crime justice and preventing better regulation of the finance industry, the boss of the Financial Conduct Authority (FCA) has said. Nikhil Rathi told City AM that his organisation was working “really hard to accelerate [its] investigations” but that the slow pace of high-profile court [...]
London Tech Week day 3: Let’s use that NHS budget on tech June 11, 2025 From NHS waiting lists to global warming, if we get it right we can use technology to address our biggest challenges, writes Russ Shaw.
Exclusive: Coinbase to ‘hire like crazy’ in the UK June 11, 2025 Coinbase is ramping up its UK presence with plans to hire more staff and deepen investment, as the country moves towards a new era of crypto regulation and increasing mainstream adoption. “We’re going to be hiring like crazy in the UK”, Coinbase’s UK lead Keith Grose told City AM, before adding that London will continue [...]
Retail shrinks by over 360,000 jobs in a decade June 10, 2025 The number of retail jobs in the UK has shrunk by more than a tenth since 2015, according to new data. There were 2.76m jobs in retail in March 2025, 360,000 fewer than in 2015, according to the latest report by the ONS. The number of full-time jobs has fallen by 117,000 since 2015, while the number [...]
FTSE 100 narrowly misses record high after housebuilders rally June 10, 2025 The FTSE 100 closed just short of a record high on Tuesday after fresh economic data fuelled hopes of further interest rate cuts from the Bank of England. The UK’s flagship market inched up 0.24 per cent to 8853.08p after a rally from homebuilders. This narrowly missed March’s record close of 8,871.31p. Builders Persimmon and [...]
London Tech Week: Barclays partners with Microsoft in major AI roll-out June 9, 2025 Barclays is set to roll out Microsoft 365 Copilot to 100,000 employees worldwide, in one of the largest known deployments of generative AI tools in the banking sector to date. The announcement was made at London Tech Week by Microsoft’s UK chief, Darren Hardman, who signalled a major step in embedding the technology into day-to-day operations in [...]
Brits sound alarm on branch closures as Lloyds and Natwest shutter sites June 9, 2025 Over half of Brits struggle to speak to a real person when they need support, fresh research shows, underscoring the challenge facing banking customers as more top lenders shutter their branches. Research from credit information service CRIF showed six in ten consumers were unable to get the support required due to bank branch closures. This [...]