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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IQE: Semiconductor firm’s revenue drops nearly a third amid weaker sales

April 10, 2024

British semiconductor firm IQE has posted another operating loss amid a slump in revenue as it grapples with lower sales and weak manufacturing.
Direct Line poaches another Aviva executive as new finance chief as turnaround continues

April 10, 2024

Insurer Direct Line has appointed Aviva executive Jane Poole as its new chief financial officer as the firm looks to narrow its losses and cut costs.
More than 7m Brits struggling with bills and credit repayments in January, regulator finds

April 10, 2024

Around one in seven, or 7.4m, UK adults were struggling to pay their bills and credit repayments in January, according to a survey by the City regulator, as the cost of living crisis continues to bite.
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla?

April 9, 2024

Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
Klarna: Three-quarters of staff now use AI tools like ChatGPT as fintech looks to reduce hiring

April 9, 2024

Around three-quarters of employees at Klarna now regularly use tools like ChatGPT, its head of artificial intelligence has told City A.M., as the buy-now pay-later giant leverages the technology to reduce hiring costs.
Impax reports ‘improved’ sentiment on ESG-focused investment despite heavy outflows

April 9, 2024

ESG-focused Impax Asset Management has noted "improved" investor sentiment in recent months, despite the sector grappling with heavy outflows from sustainable funds.
S&U channels Marcus Aurelius as motor finance lender says it will ‘wrestle on’

April 9, 2024

The specialist auto and property lender has posted a fall in annual profit and lowered its dividend as the firm grapples with higher costs and regulatory pressures.
HSBC to book $1bn earnings hit from sale of business in Argentina

April 9, 2024

HSBC has agreed to sell its Argentina business in a move that will see the bank book a $1bn (£800m) pretax loss in its first-quarter earnings.
International Paper set to announce formal £5bn-plus offer for DS Smith

April 8, 2024

The US firm vying to acquire FTSE 100 packaging firm DS Smith is reportedly close to announcing a formal offer for the company worth more than £5bn amid a brewing bidding war with UK paper giant Mondi.
JPMorgan chief Jamie Dimon warns of ‘stickier inflation and higher rates’ as markets trim Fed bets

April 8, 2024

Jamie Dimon, the long-serving chief executive of JPMorgan Chase, has warned that higher government spending could result in stickier-than-expected inflation and higher interest rates in the US.

The Works activist investor hits back at retailer’s ‘absurd’ claims

Royal Hospital Chelsea to host top Arabian horse competition

London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard

By: Lars Mucklejohn

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