Lloyds shares jump despite profit slump February 20, 2025 Lloyds Banking Group’s shares jumped three per cent following market open, despite recording a profit hit after the firm set aside additional funds for potential motor finance payouts. The FTSE 100 lender’s pre-tax profit was down 20 per cent at £6bn, compared to £7.5bn in 2023. Analysts estimated the bank’s profit before tax at £6.5bn, [...]
Why savers should consider a flexible ISA February 20, 2025 Savers are looking for ways to use their ISA allowance before the tax year ends, and a flexible ISA is well worth considering. A flexible ISA is tax-friendly as it allows users to withdraw money and repay it without affecting their annual allowance, so long as any money is repaid in the same tax year. [...]
Leeds United and NFL team owners in talks to buy hard-up Rangers February 20, 2025 Rangers look set to become the latest British football club to get American owners – as revealed by City AM six months ago. The Glasgow giants are reportedly in advanced talks with a consortium led by Paraag Marathe, the chairman of Leeds United and a vice-president of NFL team the San Francisco 49ers’ investment arm, [...]
UK banks differ from US on AI strategy February 20, 2025 Banks in the UK are more likely to focus artificial intelligence (AI) strategy on improving customer experience compared to their US rivals, a new report has revealed. NTT Data’s ‘Intelligent Banking in the Age of AI’ found 52 per cent of UK banks were using AI to enhance customer services, rather than cut jobs. This [...]
Burberry set to re-enter the FTSE 100 in March reshuffle February 20, 2025 Burberry looks set to re-enter the FTSE 100 in March after its shares doubled since their lows in September. The luxury brand fell out of the FTSE 100 in its September quarterly reshuffle last year after its share price dropped nearly 75 per cent in 16 months. However, glimmers of hope for a luxury rebound, [...]
AEG’s Paul Samuels: ‘No one believes my kids when they say I named the O2’ February 20, 2025 AEG's Paul Samuels helped made the Millennium Dome into the O2. He tells us about how his career has shaped up since.
Mark Kleinman: FCA is naming and shaming itself, not the City February 20, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. Today, he tackles name and shame at the FCA, a gamble at Entain and a business group revamp FCA is naming and shaming itself, not the City It’s rare to get a consensus this strong – but [...]
F175: Formula 1 tour de force launch a lesson to other sports in innovation February 19, 2025 Everything about Formula 1’s 75th anniversary extravaganza at London’s O2 Arena shouldn’t have worked: mass commercialisation of a sport with £9 pints and 10 teams showing off this year’s designs on last year’s cars one after another. What unfolded, however, was a lesson in how sport can continue to innovate, and how it can take [...]
X looks to raise $44bn in valuation as Musk woos investors February 19, 2025 Elon Musk’s social media platform X is in discussions to secure new investment at a $44bn (£34.93bn) valuation. The same price was spent by Musk to purchase the firm, formerly known as Twitter, in 2022. Bloomberg News reported on Wednesday that talks for this new funding round remain preliminary, and that the terms could either [...]
Spudway: Subway expands into jacket potatoes in bid to boost UK sales February 19, 2025 Subway has revamped its menu in the latest change to its marketing strategy as it looks to boost UK sales. The fast-food giant will trial a customisable jacket potato in 170 UK stores, citing the humble potato’s social media “renaissance” and “fame on social media”. Deniz Safa, Director of Innovation & Culinary at Subway EMEA, said [...]