M&G continues road to recovery as net inflows rise March 12, 2026 M&G reported a reserve to outflows in its latest annual results after a return to growth in its Life business and asset management gained momentum. The investment manager reported net inflows of £7.8bn in the last financial year, up from net outflows of £1.9bn the prior year, which the company pinned on “challenging market conditions” [...]
On the Beach shares tumble as it tears up guidance amid bookings slowdown March 12, 2026 On the Beach has torn up its guidance for the forthcoming year after warning that tensions in the Middle East have sparked a sharp slowdown in bookings. The online travel agent previously forecast pre-tax profit of between £39m and £43m. “Whilst the group has limited exposure to destinations in the Middle East, it has experienced [...]
Savills shares slide as Middle East war shakes property market March 12, 2026 Shares in property giant Savills slid eight per cent as the Iran war shakes the confidence of the UK’s property market. The FTSE 250 firm’s share price fell by 7.98 per cent on Thursday to 922p, leaving the stock down six per cent in the year so far. Adam Vettesse, market analyst at eToro said [...]
Shawbrook shares dive after profit jump on bullish AI plans March 12, 2026 Shawbrook Bank reported a jump in profit for the last year in its first set of first set of financial results since its landmark IPO in October. The London-listed bank reported a pre-tax profit of £340.5m, up from £293.8m the year prior as costs tumbled and the group’s loan book swelled. Still, the firm’s shares [...]
John Lewis reinstates staff bonus but remains ‘cautious’ March 12, 2026 John Lewis has returned its staff bonus after years of its suspension, as the retail titan turned a profit but remains “cautious” in a testing retail environment. The partnership, which also owns Waitrose, made a £134m profit in the year to January 2025, up six per cent from the year before, and notched growing sales [...]
Horse racing came together to fight tax hikes. Now it must unite again March 12, 2026 The Jockey Club’s chief executive’s recent rallying cry to British horse racing was bang on, writes Ed Warner. All successful sports have tentpole events, the occasions that attract attention well beyond hardcore fanbases and which drive profits that may (although not always) provide financial scaffolding for its lesser players and promoters. The Cheltenham Festival is [...]
Is the City still sexy? March 12, 2026 The era of the long boozy lunch and male dominated pints down the pub may be over, but relationships matter more than ever in the Square Mile, says Eva sayers Over glasses of red and lunch at The Quality Chop House (not recommended for vegetarians, like myself), a broker who’s been working in the City [...]
Samsung bets on AI tools to win over stressed City workers March 12, 2026 Samsung is pitching its new Galaxy S26 range as a productivity tool for professionals who increasingly rely on one device to manage work, travel and everyday admin. The company has unveiled the S26 series, with UK vice president of product and marketing Annika Bizon describing the launch as a major step forward on hardware and [...]
Spirit of Speyside Whisky Festival to drive millions into Scotch sector March 12, 2026 The Spirit of Speyside Whisky Festival is a pilgrimage for the global whisky community. For six days, the “Golden Triangle” of Scotch production opens its doors, offering over 600 events that cater to everyone from the “whisky curious” to the seasoned collector. Scotland has six whisky regions: Highlands, Speyside, Lowlands, Campbeltown, Islay, and Islands. Speyside [...]
The Cotswolds Distillery: Defining the brand of English whisky March 12, 2026 Whisky Business: City AM’s monthly look at the world of whisky. There are currently over 60 English Whisky distilleries operating across the country in various stages of evolution. There are 38 currently producing and selling spirit, with the remainder maturing new-make spirit that’s yet to hit the market. When the Cotswolds Distillery started out in 2014, [...]