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UK economy

  • Vanquis boss defends scrapping dividend as bank swings to profit

    February 26, 2026

    The boss of Vanquis Bank has said he makes no apologies for a “conservative” approach to capital distribution as he launched a staunch defence of the group’s decision to axe its dividend for the second consecutive year. Ian McLaughlin, who took the helm at Vanquis in August 2023, said the bank’s “number one priority” was [...]

  • Watch: Spotlight turns on Reeves – and the state of our economy

    February 26, 2026

    We haven’t heard much from Rachel Reeves so far this year – probably a deliberate strategy – but is the Chancellor set to make waves next week at the Spring Statement? Rachel Reeves didn’t have a great 2025. UK quarterly GDP growth peaked in Q1 at 0.7 per cent as firms front-loaded their activity to [...]

  • VC boss Anu Adebajo: I was told to temper my ambition. I’m glad I didn’t listen

    February 26, 2026

    We dig into the memory bank of the City's great and good. Today, Anu Adebajo, CEO of Newton Venture Program, takes us through her VC career.

  • Family visas plummet as Mahmood targets migrant dependants 

    February 26, 2026

    The number of family-related visas plummeted over 2025 as the government clamped down on dependants joining migrant workers and students.  In fresh data published by the Home Office on Thursday, it was revealed that just 67,000 visas were offered to spouses, children and other dependants of migrants.  It represented a sharp 22 per cent drop [...]

  • Jupiter Fund Management share price jumps as it rebounds

    February 26, 2026

    Jupiter Fund Management saw its share price jump in early morning trading on Thursday as it generated the first net positive inflows since 2017, amid clients improving their investment performance. The asset manager’s share price rose 8.8 per cent 204.50 pence, gaining 28.6 per cent this year to date, as it continues to rebound from [...]

  • Rolls-Royce shares rally after unveiling bumper buyback plan

    February 26, 2026

    Rolls-Royce has laid out plans to return billions to investors over the next two years after the blue-chip giant’s profit rocketed, leading to an upgrade of targets. The aerospace titan revealed plans for a £7bn to £9bn multi-year share buyback from 2026 to 2028, which comes as the firm wraps up a £1bn buyback from [...]

  • Made to be broken? Reeves urged to keep fiscal rules 

    February 26, 2026

    Chancellor Rachel Reeves has been urged to keep her fiscal rules amid growing calls for tweaks to be made to factor in long-term investments and demands for higher defence spending.  Richard Hughes, the most recent chair of the Office for Budget Responsibility (OBR), called on Reeves to see out her fiscal rules through parliament. Appearing [...]

  • It’s a sad story from brewery to pub

    February 26, 2026

    It was a balmy 17 degrees in the Square Mile yesterday, drawing crowds out for a lunchtime pint in the sun. But in other parts of the country the hospitality sector is still in the grip of winter. Bad news came thick and fast from my native Cornwall yesterday, starting with confirmation that Sharp’s Brewery [...]

  • Why Rachel Reeves’ low-key Spring Statement still matters

    February 26, 2026

    This is the Spring Statement that Chancellor Rachel Reeves has long been waiting for in opposition: a moment of sheer insignificance.  In May 2023, six months after the mini-budget debacle, Reeves offered a speech in opposition to Washington DC’s top independent think tank, the Peterson Institute, exalting her core economics philosophy of ‘securonomics’. She summarised [...]

  • IForex shares lift after trading platform makes London Stock Exchange debut

    February 25, 2026

    Shares in iForex popped after the firm became the latest fintech to debut on the London Stock Exchange. The stock rose as much as 6.4 per cent to 207.5p by the end of its inaugural trading session on Wednesday. It had floated on London’s main market at an offer price of 195p, implying a market [...]

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