NBA rocked as FBI arrests stars Billups and Rozier in illegal betting probe October 23, 2025 The NBA has been rocked after Hall of Famer Chauncey Billups and Miami Heat point guard Tony Rozier were arrested by the FBI as part of a probe into alleged “illegal gambling schemes”. Billups, who became a five-time NBA All Star during a 17-year career most famously with the Detroit Pistons and is now coach [...]
Northern line chaos into fourth day October 23, 2025 Commuters who rely on one of the busiest Tube lines are facing a fourth day of delays and disruption, with Transport for London (TfL) still warning Londoners to “avoid the Northern line”. According to TfL, the problem comes from “a fault with the signalling equipment” around the Stockwell area, in South-West London, but officials are [...]
Hays CEO: There’s no substitute to meeting people face to face October 23, 2025 Each week, we dig into the memory bank of the City's great and good. Today, it's Dirk Hahn, chief executive officer at recruitment firm Hays.
Lloyds finance boss refuses to rule out motor finance legal challenge October 23, 2025 The finance boss of Lloyds Banking Group has refused to rule out a legal challenge to the financial watchdog’s motor finance redress scheme after the bank’s provision for payouts under the scheme dealt a blow to its bottom line. William Chalmers, the chief financial officer of Lloyds, said the FTSE 100 giant was “concerned” about [...]
St James’s Place continues on its path to redemption October 23, 2025 The UK’s leading wealth manager, St James’s Place, has continued on with its work to move past its 2024 downfall, reporting a “strong quarter” as funds under management hit record highs. Gross inflows increased to £5.7bn, a 30 per cent jump from the £4.4bn recorded the previous year, while net inflows jumped 98 per cent, [...]
Eon Productions’ James Bond pay day revealed October 23, 2025 Eon Productions received $20m (£15m) from the sale of the James Bond franchise earlier this year, it has been revealed for the first time. In February, James Bond producers Barbara Broccoli and Michael G. Wilson agreed to sell creative control to Amazon MGM Studios for a reported $1bn. Exact financial terms of the deal, which [...]
RSM UK approves merger with US arm, backing partnership over private equity October 23, 2025 Accountancy firm RSM UK has greenlit a merger with its US sister, RSM US, to create a $5bn (£3.75bn) new partnership structure, in the first major transatlantic combination in the accountancy sector. It was reported last October that both firms were in talks, with a focus on the mid-market. On Thursday, after a “near-unanimous vote” [...]
Lloyds profit slides 36 per cent after hiking motor finance provisions October 23, 2025 Lloyds Banking Group recorded a major hit to profit in the third quarter after the group was forced to nearly-double its provisions for the motor finance scandal. The bank posted a third-quarter profit before tax of £1.2bn, falling 36 per cent from the £1.8bn recorded in 2024. For the year-to-date the FTSE 100 titan has [...]
In defence of sport’s blazers: Give them scrutiny, yes, but also empathy October 23, 2025 Spend a minute on social media during a major sporting event and you’ll find them: the keyboard warriors, the armchair pundits, the self-appointed arbiters of “what the fans really want”. Their target? The blazers in the boardroom perceived to be truffling for perks and who wouldn’t know how to find the nearest grassroots facility. While [...]
FTSE 100 Live: Lloyds takes profit beat, LSEG new investment October 23, 2025 Good morning from the City AM liveblog team. Just how much is the motor finance redress scheme going to cost Britain’s biggest banks? Yesterday’s results from Barclays offered an insight – and it wasn’t pretty. The Canary Wharf-based bank almost quadrupled the provision it had set aside to cover motor finance claims, from under £100m [...]