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UK economy

  • European fintechs ride the Trump train to Wall Street

    March 11, 2026

    The new set of aspiring American dreamers are landing on the shores of the Atlantic. But these digital-first visionaries printed in venture capital green aren’t looking for a white picket fence. Instead, their sights are locked on a federal banking charter. Last week Europe’s most valuable fintech company Revolut became the latest in a boat-load [...]

  • OBR warns inflation could exceed three per cent if Iran crisis continues

    March 10, 2026

    Inflation is set to jump back up above three per cent if the rise in oil prices is sustained, a government watchdog has warned, amid fears the energy crisis in the Middle East could drag on. The Office for Budget Responsibility (OBR)’s David Miles said the current rise in oil and gas prices would add [...]

  • Land development transparency plans ‘solve problem that doesn’t exist’

    March 10, 2026

    The government has been accused of offering a solution to “a problem that doesn’t exist” over an initiative requiring landowners to publicly declare options over land.  The new policy, set to be unveiled by planning minister Matthew Pennycook on Monday, is intended to help small and medium-sized (SME) housebuilders by boosting transparency. The government hopes [...]

  • Edinburgh Worldwide seeks to end Saba standoff with tender offer

    March 10, 2026

    The board of Edinburgh Worldwide Investment Trust has offered shareholders an exit plan in its bid to bring an end to its 16-month battle with Saba Capital. It is proposing a tender offer for up to 100 per cent of its share capital after the Board said it had “exhausted every reasonable and equitable solution [...]

  • Qplay’s JP Jenkins debut marks lacklustre launch for Pisces

    March 10, 2026

    Roll the dice. Make your move. Prove you’re the smartest. But hurry – the clock’s ticking. That is the opening of a video ad for Outsmarted, a board game owned by Qplay, which is set to be the first company to list on London’s new Pisces private market. It might have also described the fierce [...]

  • World’s top oil producer warns ‘catastrophic consequences’ after Iran threats

    March 10, 2026

    The world’s top oil producer has warned of “catastrophic consequences” for the commodity’s global market after Iran threatened to block key shipping routes. Saudi Aramco – the state-owned national oil company of Saudi Arabia which controls over 270 billion barrels of reserves – has sounded the alarm that the Iran’s blocking of the Strait of [...]

  • Capita shares tumble as boss warns of declining margins

    March 10, 2026

    Shares in one of the UK’s biggest outsourcing firms have plummeted after its boss warned of declining margins in the year ahead. London-based Capita, which offers support services in areas such as education, health and defence, warned markets it expected a “small decrease” in its operating margin after it swung to a pre-tax loss of £171m [...]

  • FTSE 100 Live: Stocks soar and oil dips as Trump says war is ‘very complete’

    March 10, 2026

    Good morning and welcome back to the City AM liveblog. It was a day of whiplash for global markets as they kicked off the new week. Stock markets from Europe to Asia and Wall Street sunk into the red on open as the price of oil rose at the fastest rate in six-years. Brent crude, [...]

  • Cold wind of reality exposes Britain’s myths…and mistakes

    March 10, 2026

    Crises reveal, and the illuminating effects of the latest Middle East war should leave us shuddering and ashamed. The nature of Keir Starmer’s government has been revealed; obsessing over the finer points of international law when our principal ally asked for our help. Starmer’s position has been exposed, too, with briefings suggesting he was more [...]

  • Sportl: the pay-as-you-go gym app sprinting into the capital

    March 10, 2026

    When they worked at the Bank of England, Matthew Austin and Ryan Lovelock understood the frustration of finding time for the gym. Sneaking out for a lunchtime sesh or scrambling to leave work on time for an evening class is a familiar challenge for fitness-focused city workers. Austin said: “We were kind of here, there [...]

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