Banker bonus rules are getting watered down. Will anyone shed a tear? October 16, 2025 When the European Banking Authority published its guidelines on executive pay in 2015, the report pronounced on 126 separate rules spread across 173 pages. Any banker able to get through the whole rulebook without falling asleep surely deserved every penny of the eyewatering bonus they received – provided it met the guidelines. The EBA’s voluminous [...]
Bankers to get bonuses much sooner as PRA relaxes rules October 15, 2025 Bankers will be able to collect their bonuses much sooner under a relaxation of remuneration rules unveiled by the UK’s prudential regulator. The new rules will allow part-payment of bonuses for the most senior bankers from year one, rather than year three under previous rules. The amount of time that senior bankers must now wait [...]
Royal Mail slapped with £21m Ofcom fine for late deliveries October 15, 2025 Royal Mail has once again been hit with a huge fine for failing to meet its delivery targets. Regulator Ofcom has handed Britain’s postal service a £21m fine after only 77 per cent of first class and 92.5 per cent of second class mail was delivered on time, well short of the 93 per cent [...]
ICO fines Capita £14m after millions affected by data breach October 15, 2025 Capita has been fined £14m by the Information Commissioner’s Office (ICO) after millions were affected by its data breach. The fine follows a cyber attack in 2023 in which the personal information of 6.6m people was stolen, from pension records and staff records to the details of customers of organisations Capita supports. For some, this [...]
FTSE 100 Live: Ofcom fines Royal Mail, CMA’s vet crackdown October 15, 2025 Good morning from the City AM liveblog team. 15 months on from Labour’s stunning general election victory and a month out from its next budget, how is the City feeling about the current government? It’s safe to say that enthusiasm has waned a little since high expectations were set last year. Some City analysts are [...]
AI, robot: Tech firm Dexory lands $165m funding round October 14, 2025 Autonomous warehouse intelligence firm Dexory has marked the next phase of its expansion after sealing $165m (£124m) in fresh funding. The firm, which uses autonomous robots, AI and digital twin technology, said the funding comprises $100m in a Series C equity raise alongside $65m in debt. The round was led by LTS Growth and Endeavor [...]
It’s a strike for Hollywood Bowl as record revenue drives continued expansion plans October 14, 2025 Hollywood Bowl is rolling into its new financial year on a high after reporting record revenues and pre-tax earnings. The Hemel Hempstead-based bowling and entertainment business saw its shares lift after it reported a 6.4 per cent rise in revenue to £212.4m for the year to end September. The firm said its earnings before interest, [...]
Issa brothers finally repay EG Group loan used to buy private jet October 14, 2025 The Issa brothers have finally repaid the huge loan they borrowed from their own forecourt and retail empire to buy a private jet, City AM can reveal. The billionaire duo had owed as much as $41m (£31m) to EG Group via an Isle of Man-based company they controlled called Clear Sky 2, which was used [...]
Big jump for Big Yellow shares as Blackstone eyes takeover bid October 13, 2025 Shares in Big Yellow rocketed on Monday morning after it emerged the London-listed business could be in line for a takeover from real estate investment giant Blackstone. In a statement, the self-storage firm confirmed Blackstone was “considering its position in relation to the company, which could include a cash offer for the entire issued, and [...]
Astrazeneca vows to lower US medicine prices after pressure from Trump October 13, 2025 Astrazeneca has bowed to pressure from US president Donald Trump to lower the cost of its medicines for patients in America. The Cambridge-based pharma giant said it will provide direct-to-consumer sales to eligible patients with prescriptions for chronic diseases at a discount of up to 80 per cent off list prices, alongside participating in the [...]
