FCA boss: Buy now, pay later regulation is a trade off June 10, 2025 The chief executive of the Financial Conduct Authority (FCA) said the new clamp down on buy now, pay later (BNPL) regulation would be a “trade off” as he faced a grilling from MPs. Nikhil Rathi, who was reappointed as the regulator’s boss in April, told the Treasury Committee the crackdown would have “beneficiaries and downside [...]
Pennon Group: FTSE 250 water firm swings to loss after parasite scandal June 3, 2025 Pennon Group, the British utility firm which owns South West Water, swung to a loss in the latest financial year after struggles driven by the Brixham water supply scandal. The FTSE 250 company made a loss of £35.1m for the year, which the firm said was in line with management expectations. It marked a steep [...]
Global markets hold breath as Trump draws out EU trade talks May 26, 2025 Donald Trump has global investor sentiment hanging on his every word once again, as European markets rallied on Monday after the President retreated on his latest tariff tirade against the European Union. Trump agreed to extend his trade talks deadline with the EU by over a month, which comes after he threatened to slap a [...]
European stock markets fall sharply on Trump’s EU tariff salvo May 23, 2025 Stock markets across Europe dropped dramatically on Friday afternoon after Donald Trump announced plans to levy a 50 per cent tariff on all US imports from the European Union next month. The FTSE 100 dropped as much as 1.35 per cent after the US President mooted the move in a post on Truth social in [...]
The £582m plan to create new UK economic powerhouse May 21, 2025 Plans to create a new economic growth zone in the West Midlands which is tipped to provide a £582m boost to the UK have been revealed. Land on the Wolverhampton/South Staffordshire border has been earmarked for ‘The Central Edge’ project while 14,700 jobs could be created. According to project leaders, the scheme would include 16.4 [...]
Free Thinking: Can Trump’s trade deal turn the UK economy around? May 12, 2025 In this week’s edition of Free Thinking, City AM Opinion and Features Editor Alys Denby ask if Donald Trump’s free trade deal is the answer to Britain’s economic woes or a political gesture that leaves us worse off?
Barclays shares jump as investment arm cashes in on market storm April 30, 2025 Barclays enjoyed a bumper first three months of 2025 as its investment and private banking arms cashed in on market volatility. The bank’s share rose over 1.5 per cent during early trading on Wednesday. The FTSE 100 giant’s investment bank bolstered income by 16 per cent to £3.9bn, compared to £3.3bn from the same period [...]
Rate setter calls for market digitalisation and touts Bank of England’s flexibility April 29, 2025 Bank of England rate setter Dave Ramsden has called for bold action on digitalisation in a rebuke of concerns that the Bank’s prescriptive rules were stifling innovation. Speaking at the Innovate Finance Global Summit on Tuesday, the central bank Deputy Governor said widespread innovation in wholesale financial markets from authorities and industry would boost the [...]
Dire economy needs lifesaving surgery, before it’s too late April 24, 2025 When Rachel Reeves became Chancellor last summer, the biggest issue facing her was the existence (disputed by the Tories) of a £22bn black hole in the public finances. The political pain of cutting the winter fuel allowance was deemed necessary to balance the books and give the new government a clean sheet of paper on [...]
Recruitment firms shutting at fastest rate since financial crash April 24, 2025 Recruitment agencies are shutting for business at their fastest rate in fifteen years as companies tear up hiring plans amid rising taxes and global economic uncertainty. As many as 120 recruitment businesses have appointed liquidators in the past six months, a City AM analysis of insolvency disclosures has found, a jump of 17 per cent [...]