Trump made £260m from golf in 2024, US filings show June 19, 2025 President Donald Trump’s global business empire saw him make £260m from golf in 2024, according to his most recent filings. The latest documents, filed with the US Office of Government Ethics, cover the last year and show that the US leader earned a total of $600m across 2024. Trump’s golf properties range from the highly [...]
Week in Business: Non-dom tax U-turn makes sense but what about the rest of us? June 19, 2025 The Chancellor is scrambling to hang on a few non-doms, but what about the tax bomb dropped on the rest of the country?
Motor finance woes could make Close Brothers the next takeover target June 19, 2025 Close Brothers has fought tooth and nail in the motor finance battle but analysts have warned regulatory pressures may make the lender vulnerable to a takeover as banking juggernauts look to snap up the competition. The bank has had a bruising 12 months with its stock sinking to lows of 185p in November. Shares have [...]
A week in the life of 1 Lombard Street June 19, 2025 Soren Jessen of Square Mile institution 1 Lombard Street on seven days in the City… MondayDawn, and boxes of fresh fish on ice are arriving from Dorset. Chef checks the gills and the eyes for freshness and decides on the Fish of the Day for the menu. More boxes arrive packed with gloriously colourful vegetables [...]
Is Trump going to save TikTok… again? June 19, 2025 TikTok’s future in the US is once again in limbo – but this time, fewer in both Wall Street and Washington are taking the threat seriously. In a move that surprised few but frustrated many, President Donald Trump is reportedly preparing to delay a divest-or-ban deadline for the third time in the last six months, [...]
Natwest rules out TSB takeover June 19, 2025 Natwest has ruled out a takeover of UK high street bank TSB. The FTSE 100 juggernaut was viewed as the “most likely acquirer” by analysts, with the firm hotly anticipated to begin a deal spree after it re-entered private ownership last month. TSB’s Spanish owners, Banco Sabadell, confirmed earlier this week that it had received [...]
Rumours of the dollar’s demise have been greatly exaggerated June 19, 2025 We are in the thick of global summitry, rolling from the G7 in Canada towards the NATO meeting in The Hague next week. President Trump is conducting foreign policy via social media, the prime ministers of the UK and Canada are having a pint in the pub and the French President is making stopovers in [...]
Mark Kleinman: Poundland buyer bargains on a revival June 19, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Poundland buyer bargains on a revival Anyone for a bargain? Buying a chain of pound shops for a price lower than that of the goods it sells must feel like a pretty appealing deal for Gordon [...]
Santander interested in TSB takeover June 18, 2025 Santander has approached its Spanish banking peer, Banco Sabadell, regarding a takeover of its UK high street bank, TSB. Britain’s fifth-largest lender is reported to have expressed interest in a deal for TSB, which follows owners Sabadell confirming earlier this week it had been approached regarding acquisitions. A formal offer is yet to be tabled, Sky News [...]
Inflation overshoots expectations ahead of Bank of England meeting June 18, 2025 Inflation hit 3.4 per cent in the year to May, official data has revealed, which is set to be the final set of data Bank of England officials receive before coming to an interest rates decision on Thursday. Data published by the Office for National Statistics showed services price growth, which is closely monitored by [...]