Ofcom relaxes Royal Mail delivery targets to cut costs July 10, 2025 Royal Mail will be allowed to deliver first and second class letters more slowly after its delivery targets were slashed by the communications watchdog in a bid to cut costs. From the end of July, Britain’s postal service will be allowed to deliver second class letters on alternate weekdays, Monday to Friday, instead of six [...]
The Bank of England is dying for data on private markets July 10, 2025 City Editor Simon Hunt on the stories that caught his eye this week Andrew Bailey’s svelte profile has attracted much City chatter the past year. Some say the guv’nor has a strict exercise regime to lose weight; skeptics reckon it’s Ozempic. Here’s my theory: Bailey is wearing so many different hats, the constant switch between [...]
These charts show the scale of the London Stock Exchange’s decline July 9, 2025 In May, one of the London Stock Exchange’s smallest constituents decided to leave. Brighton Pier, which had been listed on the exchange’s AIM market with a £5m market cap, delisted and jumped ship to private securities venue JP Jenkins. “It’s something that had been building up for quite a while for the past several years,” [...]
Shein files for Hong Kong IPO as London listing prospects wane July 8, 2025 Shein has filed for an initial public offering in Hong Kong as the prospects for the firm’s London listing continue to wane. The Singapore-based business last week confidentially filed a draft prospectus for the Hong Kong Exchange and sought approval from the China Securities Regulatory Commission (CSRC), according to the Financial Times. The fast-fashion firm [...]
Tesla shares slide after Musk plots new political party in latest Trump snub July 7, 2025 Tesla has once again lost its status as a trillion-dollar company after the EV-maker’s stock slid on Monday on the back of CEO Elon Musk’s plans to launch a new US political party. Shares in the Nasdaq-listed business fell as much as 7.5 per cent in the opening minutes of trade in New York, giving [...]
UK house prices stagnated in June, Halifax index finds July 7, 2025 UK house prices were stagnant in June with average prices flatlining at £296,665, according to the latest Halifax data. Despite a 0.3 per cent drop from April to May, the average UK house price was still 2.5 per cent higher than it was in June of last year. Properties in London saw a rise of [...]
Economists urge fiscal discipline after ‘rollercoaster’ week for bond market July 4, 2025 Economists have called on Chancellor Rachel Reeves to exercise fiscal discipline after a “rollercoaster” week in the bond market exposed the precarity of the government’s finances. Yields on 10-year gilts briefly rose more than 20 basis points, the highest intraday rise since the ill-fated Liz Truss minibudget in 2022, after Reeves appeared distraught in the [...]
London IPO fundraising slumps to 30 year low July 4, 2025 IPO fundraising has slumped to a 30-year low in London in the latest warning sign on the health of the UK’s capital markets. Just £160m was raised from five listings on the London markets in the first six months of the year, the lowest-first half since 1995, according to data from Dealogic shared with the [...]
How much tax do you pay above £100k? Britain’s highest earners in numbers July 4, 2025 A growing number of Brits have seen their salaries hit £100k – but a growing number are also feeling underwhelmed after having crossed the threshold. What accounts for their disappointment? There were as many as 1.35m taxpayers earning over £100,000 in the UK during the 2022/23 tax year, an increase of around 16 per cent [...]
Bank of England ‘open minded’ on use of stablecoins in wholesale markets July 3, 2025 A director at the Bank of England has said Britain’s central bank is “open minded” on the use of stablecoins in wholesale markets in a marked softening of its stance in the technology. Speaking at the City Week conference, Sasha Mills, Executive director of Financial Market Infrastructure, said the Bank was “considering” what role stablecoins [...]
