Barclays near-quadruples provisions for motor finance scandal October 22, 2025 Barclays has followed suit with its banking peers with a major hike to its motor finance provisions after the financial watchdog launched its industry redress scheme. The FTSE 100 titan set aside an extra £235m for the car mis-selling scandal, taking total provisions to £325m. Barclays operated in the motor finance market under Clydesdale Financial [...]
Barclays shares rise after new buyback launch and jump in income October 22, 2025 Barclays has set out plans to shift to a quarterly share buyback after the firm recorded a surge in total income for the third quarter. The FTSE 100 titan netted £7.2bn in total income, breezing past as internal analyst consensus of £7bn. The figure was also up nine per cent year-on-year. The bank said it [...]
FTSE 100 Live: UK inflation holds at 3.8 per cent, Barclays share buyback October 22, 2025 Good morning from the City AM liveblog team. The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also [...]
Bank of England: Global crisis ‘alarm bells’ in private credit October 21, 2025 The Governor of the Bank of England has warned of “alarm bells” in the private credit market as he cautioned of consequences parallel to the 2008 global financial crisis. Andrew Bailey told lawmakers on Tuesday the collapse of US car parts maker First Brands and auto-dealership Tricolor could be “the canary in the coalmine” as [...]
Analysts dampen outlook for FTSE 100 banks as tax clouds gather October 21, 2025 The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also comes alongside flaring tensions between the lending industry [...]
Unilever: US government shutdown delays ice cream float October 21, 2025 Consumer goods giant Unilever has paused the launch of its ice-cream arm on New York’s stock exchange due to delays at the bourse’s security commission. The US government shut down at the start of October when Democrats and Republicans failed to come to an agreement on spending, with no end in sight. Unilever said the [...]
BGF: Investment giant eyeing up £500m in first external fundraise October 20, 2025 Investment giant BGF has revealed plans to raise external funds for the first time to tune of £500m. The organisation said the move would enable institutional investors the opportunity to invest in UK growth companies through BGF’s regional platform. Lazard has been appointed to advise BGF as it explores its options. BGF’s portfolio includes the likes of [...]
FTSE suffers worst day since April amid credit market jitters October 17, 2025 The FTSE 100 suffered its worst session since April on Friday, after a sell-off in US regional banks caused jitters to sweep through global equities markets. Banks led losses on the UK’s blue-chip index as a risk-off mood prevailed across the world, with bond yields falling and the price of gold hitting yet another all-time [...]
Rachel Reeves and the tax and spend doom loop October 16, 2025 Rachel Reeves isn’t going to introduce a Wealth Tax, but she is going to tax the wealthy. She isn’t going to impose austerity, but she is going to get spending under control. Confused? Speculation over the contents of next month’s Budget has reached fever pitch, and it’s only going to ramp up from here. This [...]
Reeves faces ‘Groundhog Day’ as Budget tax hikes loom October 16, 2025 Chancellor Rachel Reeves risks having to hike taxes ever higher in forthcoming budgets if she leaves herself with £9.9bn in headroom, a joint report by Barclays and the Institute for Fiscal Studies (IFS) has warned. The research has suggested that spending cuts would send a “crucial” signal to the bond markets that the government had [...]