By: Lars Mucklejohn

Banking and Fintech Reporter Lars Mucklejohn is a reporter at City A.M. covering banking and fintech. For tips and stories, he can be contacted at lars.mucklejohn@cityam.com and posts at x.com/LarsMucklejohn

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Thought Machine boss backs London listing for $2.7bn fintech

September 16, 2024

The chief executive of Thought Machine, one of Britain’s most valuable fintechs, has thrown his weight behind a London IPO, but admitted he is under pressure to list in New York.
Bank of England set to hold interest rates but further cuts loom, top economists say

September 15, 2024

The Bank of England is widely expected to leave interest rates on hold this week, according to a City A.M. poll of top economists.
Indian clothing tycoon who supplies Uniqlo, Decathlon and H&M buys Notting Hill home for £21m

September 13, 2024

The owner of India’s largest clothing exporter has paid £21m for a home in Notting Hill in one of the UK’s biggest residential property deals this year. Harish Ahuja, owner and managing director of Shahi Exports, purchased the eight-storey property, which is more than 20,000 sq ft in July, according to a UK filing first [...]
Virgin Media O2 to offload stake in mobile tower network

September 13, 2024

Virgin Media O2 has reportedly agreed to offload roughly eight per cent of Britain's biggest mobile tower network as the telecoms group looks to fund the expansion of its fibre broadband and mobile operations.
National Grid agrees sale of Electricity System Operator to government

September 13, 2024

National Grid has struck a deal to sell its Electricity System Operator (ESO) to the government for £630m, paving the way for the division to transition into public ownership. The FTSE 100 utility said on Friday that it expected the transaction to be completed on 1 October, when the government and regulator Ofgem aim to [...]
Revolut founder Storonsky saw ‘up to £230m’ windfall in employee share sale

September 12, 2024

Revolut's billionaire founder and chief executive Nik Storonsky reportedly sold up to $300m (£230m) worth of his stake in the fintech during an employee share sale last month.
FTSE 100 boosted by US inflation print and watering down of banking rules

September 12, 2024

London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.
Bank of England makes ‘substantial amendments’ to proposed banking overhaul

September 12, 2024

"The bottom line is that we have made substantial amendments to our proposals in response to consultation feedback and evidence," Phil Evans, director of prudential policy, said in a speech published on Thursday.
IG Group: August’s market meltdown boosts revenue

September 12, 2024

IG Group has reported a jump in quarterly revenue after a worldwide meltdown in financial markets last month gave its clients more opportunities to trade.
Aquis: Challenger London stock market reports ‘meaningful progress’

September 12, 2024

Aquis Exchange has reported increased revenue across the majority of its divisions in the first half of 2024 as the fledgling London bourse battles a "challenging market backdrop".

Oil faces ‘largest disruption’ in history of market, IEA warns

Hundred auction: Welsh Fire spend big, Coles lands £390k contract

Spirit of Speyside Whisky Festival to drive millions into Scotch sector

By: Lars Mucklejohn

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