Brent Cross shopping centre taken over in £200m deal May 12, 2025 London’s Brent Cross shopping centre is to come under the full control of Hammerson after a £200m deal to buy out Aberdeen was confirmed. Hammerson, which currently owns 41 per cent of the landmark shopping centre, will raise its stake to over 90 per cent by acquiring units from the Aberdeen UK Shopping Centre Trust. [...]
HSBC and Standard Charted shares surge as trade war cools May 12, 2025 Shares in banking giants HSBC and Standard Chartered surged on Monday morning as the trade tensions between the US and China appeared to cool. HSBC jumped nearly four per cent, taking its gains for the month to over 14 per cent. Standard Chartered soared over seven per cent, with monthly gains topping 17 per cent. [...]
Augmentum leads fundraise for Peel Hunt-backed Retailbook May 12, 2025 Investment platform Retailbook has secured a £4.5m fundraise as the Peel Hunt-backed firm attempts to survive a lacklustre spell for the UK’s capital markets. The business, which helps retail investors get access to share issues normally reserved for institutional investors, has seen investors such as Augmentum Fintech join its list of shareholders. Previous investors in [...]
Investors pin hopes on Burberry’s recovery amid China and US trade upheaval May 11, 2025 Investors are hoping Burberry can restore confidence in its turnaround efforts, as the brand weathers major trade disruption in China and the US and an under-pressure luxury market.
Rachel Reeves plans ISA review May 10, 2025 Chancellor Rachel Reeves is planning to launch a review of the ISA market in the coming weeks amid City calls to cap the amount that can be held tax-free in cash. The Treasury will kick-off a consultation to get a feel for views across the City of London on how to reform the ISA regime, [...]
Revolut, Monzo and Wise: The UK fintechs slapped with the most complaints May 9, 2025 Fintechs may be giving banks a run for their money on innovation, but fresh data reveals they’re also competing on the unenviable field of complaints. New figures from the Financial Ombudsman Service (FOS) showed Monzo and Revolut topped the fintech industry for the most complaints. Both firms’ customer bases swelled to over 10m users in [...]
‘Imperative’ that Oxford Street pedestrianisation includes hospitality May 9, 2025 The Mayor of London’s plan to pedestrianise Oxford Street must offer visitors “a mix of hospitality, leisure and retail” if it is to be successful – including eating and drinking spaces scattered through the middle of what used to be the road – the UK’s top hospitality lobby group has said. Writing to Sir Sadiq [...]
Co-op breach a ‘stark reminder of why cash remains essential’ May 8, 2025 The disruption to card payments at Co-op stores last week is a warning to Brits on over reliance on digital payments, according to a leading consultancy firm. The Co-op shut down parts of its IT systems last week and suspended contactless payments at nearly 10 per cent of stores after detecting a potential breach. “The [...]
Transforming Elephant & Castle May 8, 2025 Elephant & Castle is changing, but its unique cultural history will be protected too, says Rick de Blaby Elephant & Castle is named after a coaching inn at a major crossroads, with the first recorded reference in 1765. By the early 20th century it was known as “The Piccadilly Circus of South London”, centred on [...]
Mark Kleinman: This is not just any retail cyber attack… May 8, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column This is not just any retail cyber attack… It’s hardly an exclusive club these days: a big listed company is the victim of a major cyber attack, compromising its systems and ability to continue serving customers. [...]