City split following Bank of England’s interest rate decision February 7, 2025 Analysts are divided about how far and how fast the Bank of England is likely to cut interest rates in the remainder of this year following yesterday’s decision. Rate-setters backed a third 25 basis point rate reduction, which brought the Bank Rate down to an 18-month low of 4.5 per cent. Every member of the [...]
Cost-cutting pays dividends at TSB as bank reports record year February 7, 2025 TSB's pretax profit increased to £290.4m, 22 per cent higher than the year before and a record since the bank returned to the high street in 2013.
Amazon shares plunge after tech giant misses earnings February 7, 2025 Amazon missed expectations for its cloud computing arm, raising concerns about the tech leader’s investment in artificial intelligence (AI). On Thursday, the tech behemoth told the market that its cloud division, Amazon Web Services, reported a fourth-quarter revenue of $28.7bn (£23.1bn), slightly below Wall Street forecasts of $28.84bn. The miss disappointed investors, who were already [...]
Phone thefts: How are the Met Police tackling the crisis in London? February 6, 2025 If you live or travel in London, it’s fairly likely that you, or someone you live, work or socialise with, will – at some point or other – have had their phone stolen. Whether it’s slipped out of your pocket, or snatched from your hand, the experience has become commonplace – but remains stressful, frustrating, [...]
The most romantic restaurants in the City February 6, 2025 I’ve never met the intrepid Mr Gordon Ramsay, yet our lives have been semi-entwined for over two decades. During his initial peak in the noughties, as I began my own career, I recall my first experience dining in his The Londoner restaurant in NYC, where a maitre d’ complete with Dick Van Dyke accent greeted [...]
Fun-police Labour are waging a war on pubs February 6, 2025 From business rates to labour costs and even employment regulations that could require landlords to clamp down on free speech, this Labour government has launched an all-out assault on pubs, says Chris Philp For millions of Londoners – especially those who WFH on Friday – when the end of week in the office comes into [...]
Better relations with America could be the biggest Brexit benefit yet February 5, 2025 Brexit allowed Britain to lead the West in support for Ukraine. Now we must use that freedom to dodge tariffs by convincing Trump we are a reliable partner in defence, says James Price Having served in government through some of the Brexit negotiations, and seen up close how completely bonkers everyone was driven by it, [...]
Starmer’s EU-US high-wire act risks stumbling… February 5, 2025 From headaches over Europe, to managing Sino-philes vs sceptics, the job of a prime minister – particularly when it comes to foreign policy – can often resemble something of a high-wire act, usually minus a safety net. Get it wrong, and the consequences could be severe, but pull it off, and the rewards are plentiful. Enforcing [...]
Reeves set to gather top investors at Downing Street in growth funding push February 4, 2025 Rachel Reeves will try to convince some of the UK’s biggest investment firms to take more risks with their cash tomorrow as she looks to unlock billions of pounds of funding for her growth plans, City AM has learned. In a meeting at Number 11 Downing Street, the Chancellor is set to pitch her new [...]
‘Rachel Reeves, you must do better’: Chancellor urged to act before hospitality’s collapse February 4, 2025 Chancellor Rachel Reeves has been told to take urgent action to prevent the collapse of thousands of hospitality businesses across the UK. In an open letter Sacha Lord, who was until recently Andy Burnham’s night time economy adviser for Greater Manchester, said he no longer considers Labour to be the party of “business and growth”. [...]