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By: City AM reporter

All 617 Articles
  • UK to unveil new Russia sanctions to mark three years of Ukraine war

    February 23, 2025

    The UK will unveil new sanctions to “turn the screws” on Russia as it marks three years since Moscow’s invasion of Ukraine. David Lammy said he would announce the sanctions, which he called the largest package of measures since the early days of the conflict, on Monday to coincide with the anniversary. The foreign secretary [...]

  • Starmer to set date to increase defence spending during Trump visit – report

    February 23, 2025

    Sir Keir Starmer is expected to confirm a timeline to raise defence spending and give Donald Trump an invitation for a state visit when he visits Washington next week, per a report. The Prime Minister will have to walk a tricky line when he meets President Trump, balancing the UK’s support for Ukraine with the [...]

  • Almost 300 pubs closed last year ahead of cost rises

    February 17, 2025

    The British Beer and Pub Association warned that urgent Government action is needed to avoid more “completely avoidable” closures.

  • John Major warns of ‘dangerous world’ if US does not stand behind allies

    February 16, 2025

    A world in which the United States does not support its allies will be “rather more dangerous”, former prime minister Sir John Major warned.

  • Trump’s steel tariffs would damage UK and US, says Business Secretary

    February 16, 2025

    The Government has promised a package of up to £2.5bn to boost the UK steel industry and help secure its future.

  • HSBC set to unveil bigger profits as cost-cutting overhaul in focus

    February 16, 2025

    HSBC is set to unveil bigger profits as investors prepare for an update on the bank’s cost-cutting overhaul, while earnings for Lloyds will be in focus amid a long-running motor finance probe. Rivals Barclays and NatWest set the tone for the banking sector when they reported stronger earnings this week, despite UK interest rates starting [...]

  • Government announces multibillion-pound plans to boost UK steel industry

    February 16, 2025

    The government has announced multibillion-pound plans to boost the UK steel industry and help secure its future. A consultation was launched aimed at looking at long-term issues facing the sector such as high electricity costs, unfair trading practices, and scrap metal recycling. In the face of US President Donald Trump’s plans for tariffs on products [...]

  • Zelensky says time has come for creation of ‘armed forces of Europe’

    February 15, 2025

    Ukrainian president Volodymyr Zelensky says the time has come for the creation of an “armed forces of Europe”, and says his country’s fight against Russia has proved that a foundation for it already exists. The Ukrainian leader said Europe cannot rule out the possibility that “American might say no to Europe on issues that threaten [...]

  • Starmer warned to boost defence spending or enter ‘bin of history’

    February 15, 2025

    Keir Starmer has been warned by a former head of the army that he faces being consigned to the dustbin of history unless the government significantly hikes defence spending. Ex-chief of the general staff Lord Dannatt said spending should rise to a 3.5 per cent share of the economy. The UK currently spends around 2.3 [...]

  • Thames Water asks watchdog to let it charge even higher bills

    February 14, 2025

    Thames Water is asking the competition regulator to allow it to charge customers even more over the coming years than had previously been granted. The company has already been allowed a 35 per cent rise in consumer bills over the next five years by water regulator Ofwat, after Thames had previously lobbied for a 59 per cent hike. Now, it wants [...]

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