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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TT Electronics takes ‘cost action’ to offset lower demand in the US

May 10, 2024

Components manufacturer TT Electronics has moved to reduce costs as it faces lower demand for its products as a result of destocking.
CRH: Building giant unveils fresh £239m buyback as profit rises

May 10, 2024

Irish building materials firm CRH has unveiled a fresh buyback to reward investors following a rise in profit at the start of 2024.
Barclays opens door to bigger bonuses as it eyes investment bank rebound

May 9, 2024

Barclays shareholders have waved through a proposal paving the way for it to award bigger bonuses to its top UK bankers as the lender reiterated confidence in its dealmaking arm.
Barclays chair says ‘plenty of evidence’ it will meet climate targets as protesters removed from AGM

May 9, 2024

Barclays' chair has defended its record on climate change, saying there is "plenty of concrete evidence" it is on track to meet its financed emissions targets, at a feisty annual meeting that saw a number of protestors removed.
Allica Bank chief bets on rapid growth to force improvement in SME finance

May 9, 2024

Allica only launched in 2020 but has already become a certified fintech darling. It was named by Deloitte as the UK’s fastest-growing fintech last year and in April posted its first annual profit of £16.1m.
BBVA launches hostile takeover bid for TSB owner Sabadell

May 9, 2024

BBVA has launched a hostile takeover bid for Banco Sabadell after its first offer was rejected.
Ex-Bank of England economist claims he was ‘debanked’ like Nigel Farage

May 9, 2024

Ex-Bank of England economist Andy Haldane has said he was refused a bank account because of his "political" connections, comparing himself to Nigel Farage, as MPs criticise lenders for "debanking" individuals due to reputational concerns.
Ocado appoints ex-BT chief Gavin Patterson to board in push for tech giant status

May 9, 2024

Ocado has appointed former BT Group chief executive Gavin Patterson to its board as the online grocery firm looks to build its reputation as a technology heavyweight.
Mortgage lending growth set to double next year as inflation eases and rate cuts loom

May 9, 2024

UK mortgage lending growth is set to more than double in 2025, according to a major economic forecasting group, as inflation eases and the Bank of England is expected to cut interest rates this year.
Wood Group shares soar after engineering giant rejects takeover bid from Dubai-based rival

May 8, 2024

It said the board concluded that the offer "fundamentally undervalued Wood and its future prospects" and rejected it earlier today.

Kemi Badenoch can still woo the City

Hydration breaks: World Cup ad cost could eclipse Super Bowl’s $7m price tag

Bowls Club is the City’s most eccentric (and brilliant) pop-up

By: Lars Mucklejohn

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