Bank of America analysts slap ‘buy’ rating on Barclays shares May 1, 2025 Bank of America analysts gushed over Barclays’ first-quarter performance, reiterating their ‘buy’ rating on the stock. Analysts said that while geopolitical-related concerns ahead of results were understandable, the lender “printed a strong set of numbers”. The FTSE 100 bank booked a £2.7bn pre-tax profit, ahead of the £2.5bn pencilled in. This was boosted by income [...]
Tacking the rise in fraud requires a global response May 1, 2025 Skyrocketing rates of fraud in the UK necessitate a united and global response, writes minister for fraud Lord Hanson.
Lloyds’ finance boss slams ring-fencing amid waning growth forecast May 1, 2025 Lloyds‘ finance boss raised the alarm on lenders’ ability to help drive growth due to restrictions from the ring-fencing regime. The bank trimmed its UK GDP expectations and has projected a rise in unemployment in the latest warning sign for the health of the British economy. The FTSE 100 giant pencilled in 0.2 per cent [...]
Healthcare firm Totally weighs sale as it faces eight-figure medical negligence claim May 1, 2025 Totally is exploring a sale of one or more of its subsidiaries to shore up its balance sheet after the firm revealed it faces an eight-figure medical negligence claim. The Derby-based business is to undertake a “strategic review” under which it will consider “selling one or more of the company’s subsidiaries”, “receiving strategic investment or [...]
Lloyds costs soar as lender increases provisions after tariff turmoil May 1, 2025 Lloyds Banking Group’s profit took a hit in the first three months of the year as the domestic-focused bank’s operating costs soared. The FTSE 100 giant, which includes Lloyds, Halifax and Bank of Scotland, met analyst expectations for pre-tax profit at £1.5bn – marking a seven per cent drop from the first quarter of 2024. [...]
The Capitalist: Ian King’s sendoff, Guido adventures and your workplace weather rights May 1, 2025 Ian King's Sky sendoff, the man behind Guido Fawkes and your workplace weather rights; catch up on the latest gossip in The Capitalist.
Sadiq Khan is squandering the success of the Elizabeth Line May 1, 2025 Despite the popularity and success of the Elizabeth Line, other major transport projects in the capital are in limbo, writes James Ford Everybody loves the Elizabeth Line, right? There are the sleek, open-plan trains, the breathtaking, well-designed stations and, perhaps best of all, there are the smooth and swift journey times that have created new [...]
Britain is going to the polls, but what’s the point of metro mayors? May 1, 2025 Voters will elect four new regional mayors today, but until we give them proper powers over tax, devolution will remain a fig-leaf for deeper structural problems, says Jamila Robertson Today, voters head to polling stations to elect four regional mayors (two of which are new roles for 2025, with six to come in 2026). This [...]
Trump points finger at Biden as US stocks sink amid recession fears April 30, 2025 Donald Trump has lashed out at Joe Biden, insisting that his presidential predecessor was to blame after the US economy suffered its worst-performing quarter in three years. A slew of disappointing economic data sent US stocks sharply south on Wednesday as the clearest signs yet of the damage wreaked by the White House tariff agenda [...]
London’s AI surge at risk from skills crunch, Amazon warns April 30, 2025 London businesses are embracing artificial intelligence (AI) faster and more comprehensively than the rest of the UK, but the capital’s acute digital skills shortage risks limiting the broader economic gains from this progress. New research from Amazon Web Services (AWS) revealed exclusively to City AM that 67 per cent of London-based businesses have now adopted [...]