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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Barclays plans to return £10bn to shareholders and cut £2bn in costs by 2026

February 20, 2024

Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to shareholders by 2026.
FTSE 100: London creeps into the green, Currys soars as takeover battle looks likely

February 19, 2024

On the FTSE 100, Astrazeneca rose to the top of the index after its Tagrisso drug received positive clinical trial results.
Pockit: Fintech boss on ‘debanking’ and plans to fill gap left by Amigo and Wonga

February 19, 2024

While the term “debanking” has become a staple since last summer, the issue of financial inclusion has been a priority for Virraj Jatania for years.
High interest rates set to dampen lending to firms in 2024 before rebound next year

February 19, 2024

High interest rates are expected to limit banks' lending to businesses this year before a rebound in 2025, according to a new forecast, as sticky inflation and high interest rates dent firms' confidence.
Santander announces plans for £4.7bn shareholder distribution following record results

February 19, 2024

Santander announced that it will seek to pay out £4.7bn to shareholders just weeks after the bank unveiled record annual profits in 2023.
Deloitte set to shrink UK deals unit after profitability review

February 18, 2024

Consultancy firm Deloitte is set to downsize its UK deals unit following a profitability review.
Macquarie explores cutting stake in Cadent as gas network prepares for net zero transition

February 18, 2024

Australian asset manager Macquarie is exploring a sale of part of its stake in Cadent alongside another shareholder worth a combined £1.3bn as the UK gas network readies for the renewable energy transition.
EU set to fine Apple €500m over music streaming misconduct

February 18, 2024

The European Commission is reportedly due to hit Apple with its first ever fine against the company following an antitrust investigation into its music streaming business.
UK chipmaker Graphcore explores sale as it struggles to cash in on AI boom

February 18, 2024

British chipmaker Graphcore is reportedly exploring a sale to foreign buyers after struggling to reap the rewards of the boom in artificial intelligence.
Lloyds set for uptick in annual profits as investors look for clues on motor finance probe

February 17, 2024

Lloyds Banking Group is set to report an uptick in annual profits next week on the back of higher interest rates, with its cost control, impairments and exposure to an FCA motor finance probe in focus.

Reform UK vows to raise VAT threshold to £150,000

Everton ‘surprised and angered’ at losing £40m legal case with Burnley

Vino by the waves: The best British seaside hotels for wine

By: Lars Mucklejohn

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