Klarna cuts revenue target as it forecasts softer European volumes August 18, 2026 Klarna has downgraded its revenue target for the year following unfavourable currency shifts and reduced activity from softer European volumes. The Swedish fintech unicorn said it expects to make between $4.08bn and $4.16bn for the current financial year, down from its previous forecast of over $4.34bn (£3.21bn). This came alongside a reduction in predicted gross [...]
UK’s largest wealth firms tighten their hold on the market August 18, 2026 The ten largest wealth firms in the UK have expanded their grip on the market, serving nearly the entirety of the country’s client base. The firms served up to 89 per cent of the discretionary client base in the previous tax year, according to the latest wealth management survey from the Financial Conduct Authority (FCA). [...]
Let them build homes near stations, but let them be beautiful too August 18, 2026 Rules to allow thousands of new homes near stations is cause for celebration, but the government must avoid creating 'anywhere developments'.
Industry chief warns ‘resilience not enough’ for growth August 18, 2026 The boss of Britain’s largest industry body has warned the government that “resilience alone” would not boost growth in the UK, firing the starting gun on two months of policy lobbying ahead of a pivotal Autumn Budget. Writing exclusively for City AM, the boss of the British Chambers of Commerce (BCC) has urged the government [...]
Jobless Banquet: Youth unemployment surge ‘sends Neets to KFC’ August 18, 2026 A surge in youth unemployment has fuelled the rise of chicken shops across British high streets as young people not in work, education or training – known as Neets – have flocked to fast food, a consultancy has argued. Analysts at Baringa, a consultancy with more than 2,000 employees, have drawn a link between the [...]
Amanda Blanc has worked her magic at Aviva August 18, 2026 For twenty years Aviva found itself struggling to cement its position in the insurance market. The arrival of Amanda Blanc changed the group’s fortune and share price. Maisie Grice looks into how she executed Aviva’s revival and what could come next. Few FTSE 100 constituents have executed a turnaround quite like Aviva’s. The insurance giant [...]
Public sector makes wage growth higher than expected August 18, 2026 Wage growth was higher than expected as pay offers in the public sector far outweighed growth in the private sector, new data has revealed. Official statistics have shown that wage growth, including bonuses, reached 4.1 per cent between April and June compared to a market forecast of four per cent. This was still lower than [...]
AIM-Listed Pulsar Group hit with High Court petition by HMRC August 18, 2026 Pulsar Group, a UK-based technology company listed on AIM, and its media matchmaking subsidiary, ResponseSource, face a winding-up petition from HMRC. The group, formerly known as Access Intelligence, provides SaaS solutions for the global marketing, public relations and journalism sectors. A petition filed with the London High Court on Friday named it. Additionally, ResponseSource, the [...]
Domestic policies are choking UK businesses August 18, 2026 The last decade of domestic policy decisions has created a towering cost stack that is choking business growth, writes Shevaun Haviland.
The UK’s cost stack is choking business growth August 18, 2026 Much of the UK has faced a summer of sweltering temperatures as the country hasbounced from one unrelenting heatwave to another. Businesses know all too well that unrelenting feeling. A decade of constant cost pressures from domestic policy decisions has been hugely damaging. It’s a cost stack is chocking business growth. Before a pound of [...]