Paramount-Warner Bros deal faces ‘sufficient competition’, says CMA Media The Paramount-Warner Bros Discovery merger will face “sufficient competition” in the UK to prevent the combined Hollywood giant from gaining too much market power, the competition watchdog has said. In a full decision published on Monday, the Competition and Markets Authority (CMA) laid out why it cleared the £111bn tie-up earlier this month, after examining [...]
‘We have been ignored for most of our life,’ says FTSE 100’s newest bank Banking Lion Finance thought of itself as the London Stock Exchange’s wallflower. But after its promotion the the market’s blue-chip index earlier this year, the bank is finally getting noticed. Shares in the group formerly known as Bank of Georgia have enjoyed a quiet ascent since the beginning of 2022. In that four-year window the stock [...]
JP Morgan boss issues bank tax warning to John Healey Banking The boss of JP Morgan has issued a bank tax warning to John Healey as the Chancellor gears up to deliver his first Budget in October. Jamie Dimon, who has led Wall Street’s biggest bank since 2006, held a call with Healey on Thursday where the bank chief emphasised “getting public policy right” as crucial [...]
Ask the expert: Is this a hack for contributing £29,000 to an ISA? August 17, 2026 Fidelity personal financial specialist Marianna Hunt is back on hand to answer your burning questions, and today a reader wants to know if they’ve found a hack on UK ISA rules. Q. My grandson is turning 18 this year. I want to give him some money to invest in his ISA. Is it true that [...]
US bond market jitters spark UK economy recession warning August 17, 2026 The UK economy could be plunged into a recession an “order of magnitude” greater than recent financial crises if America’s borrowing costs continue to climb over the rest of the year, a group of leading City analysts have warned. The US was forced to pay the highest interest rate on its long-dated bonds for a [...]
As It Happened: Stocks dip as oil’s ‘slowing demand’ in focus; Iran threatens to extend war August 14, 2026 Welcome back to the City AM liveblog. Oil prices are holding up at $87 per barrel this morning as investors remain locked in wait-and-see mode while monitoring new updates coming out of US-Iran negotiations and efforts to reopen the Strait of Hormuz. The Iranian regime handed a major blow to peace optimism after suggestining it could [...]
Anthropic subscriptions overtake OpenAI in the UK, fresh data suggests August 14, 2026 Spending on Anthropic subscriptions has overtaken OpenAI in the UK for the first time, fresh data suggests, as the firm’s focus on enterprise customers helped boost its revenues. Anthropic accounted for as much as 54 per cent of all UK business spending on AI firms in the three months to July, compared to just 27 [...]
Tory and Labour councillors spar over £300m Hammersmith Bridge plans August 14, 2026 Tensions are mounting between Labour and Tory councillors in nearby authorities over restoration plans for Hammersmith Bridge, which has been closed to motorists for seven years. Arch rivals in Hammersmith & Fulham and Wandsworth councils have sparred over an application to a £1bn government fund for infrastructure. The lack of progress over the bridge’s repair [...]
Grandparents fund university degrees to avoid inheritance tax net August 13, 2026 Wealthy grandparents are choosing to fund their grandchildren’s university education over leaving a large inheritance as they look to avoid the shake up to the tax system. The bank of grandma and grandad has played a greater role within UK families in recent years, as parents continue to be squeezed by rising costs. In particular, [...]
War and tax: How the UK economy could get knocked off course August 13, 2026 Labour ministers may have some reason to be cheerful about the UK economy’s performance. Torsten Bell, the pensions minister who has long desired top jobs in the Treasury, lambasted “gloomsters” shortly after official data revealed growth in the second quarter of the year was 0.4 per cent. Even Rachel Reeves, who has remained largely silent [...]