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 set to unveil annual profit drop as restructuring costs offset higher interest income

February 14, 2024

Barclays' annual profits are set to be dragged down by £825m in costs tied to a major restructuring as the bank prepares to reveal more details about the plan to shore up its balance sheet.
Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market

February 14, 2024

The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite the fall, the value of housing remained £1.585tn higher than 2019, before [...]
FTSE 100: London markets hit by interest rate cut worries as Tui takes flight

February 13, 2024

The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
Coca-Cola beats revenue estimates on the back of price hikes

February 13, 2024

Coca-Cola has posted fourth-quarter revenue ahead of Wall Street estimates as it saw a boost from higher prices and robust demand for its products.
Why are UK banking stocks doing so badly despite bumper profits?

February 13, 2024

The UK's biggest banks are set to post bumper annual profits when they report their 2023 results in the coming weeks. But why are they not being rewarded on the stock market?
Big banks set for bumper annual profits as interest rates peak

February 12, 2024

Britain's biggest banks are set to report strong annual profits over the next two weeks despite mounting margin pressure from a likely peak in interest rates.
More London mansions up for sale as billionaires go bankrupt

February 12, 2024

A Kensington mansion has become the capital's latest luxury property to go up for sale in insolvency proceedings as wealthy London homeowners face their assets being liquidated to pay down debts.
Two-year mortgage rates have biggest monthly drop since 2022 as Santander is latest to cut

February 12, 2024

Average two-year fixed mortgage rates have seen their biggest monthly drop since December 2022, according to a financial information website, despite mounting economic pressure squeezing lenders' margins.
Natwest’s margins in focus as lender gears up for year of big changes

February 12, 2024

Natwest looks to shrug off the turmoil of the recent debanking saga and prepares to sell its government-owned shares to the public.
Investment banks cut job vacancies in half as dealmaking slump hits recruitment and bonuses

February 12, 2024

Major investment banks have cut their number of UK job vacancies in half over the last year as a dealmaking slump puts a strain on recruitment and bonuses.

Bank of England’s Bailey: Interest rate cuts not on the horizon

Streaming surpasses free-to-air TV in key European markets, research shows

We road test RDR, Star Wars Outlaws and Fallout 4 on Switch 2

By: Lars Mucklejohn

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