Flutter: Paddy Power owner stock sinks after gambler winnings May 8, 2025 Flutter, the gambling giant owner of Paddy Power and Betfair, has upgraded its profit guidance despite missing analyst forecasts in the first three months of 2025. The gambling giant failed to meet expectations on revenue and profit after the US March Madness college basketball series saw a number of favourites win out, it revealed in [...]
Construction industry ‘not expected to recover’ in 2025, building supplier Lords says May 8, 2025 The UK construction industry is unlikely to recover before the end of the year, one of Britain’s biggest building materials suppliers has said, as firms wrestle with rising taxes and increased uncertainty. London-listed Lords said it was continuing to focus on delivering efficiencies to deal with cost pressures and “an increasingly onerous regulatory environment” after [...]
Raiola Ratings, FPL gurus and €1m: What super agent’s family did next May 8, 2025 The larger-than-life, occasionally combustible figure of football super-agent Mino Raiola couldn’t have appeared further from the world of number-crunching and algorithms. The late transfer broker, whose clients included Zlatan Ibrahimovic, Paul Pogba and Erling Haaland, always seemed far more into pressing the flesh and pouring champagne than poring over data. But one strand of the [...]
Rathbones: Fee income dips amid market turmoil May 8, 2025 Turmoil in the market following the introduction of Trump’s tariffs dented the performance of Rathbones Group’s funds, leading income from its wealth management fees to drop three per cent in the first quarter of 2025. Assets under management at the group dipped by five per cent by the end of March due to a combination [...]
Bank of England interest rates cut ‘nailed on’ May 8, 2025 The Bank of England is “nailed on” to cut interest rates later today to 4.25 per cent, investors believe. City of London leaders are anxiously awaiting the Bank’s newest monetary policy decision, which is set to be unveiled at 12.02pm due to a two-minute silence to commemorate Victory in Europe day. Investment analysts have suggested [...]
Britain’s SMEs must get over their aversion to debt to ramp up growth May 8, 2025 Britain's small businesses can power growth, but only with a rebooted SME finance market, writes Allica Bank CEO Richard Davies.
How to fly to New York in style (and why The Devonshire is overrated) May 7, 2025 Flying to New York to visit the Evolv Collection Restaurants last week, I was reminded that the British Airways loyalty scheme conditions had changed. For reference, here are my own (slightly tongue in cheek) rules for any self-respecting ‘City Guy’ visiting Terminal Five: 1. Arrive at the airport in a cab and ask for the [...]
Ministers call in HSBC, Natwest and Lloyds bosses for small business lending talks May 6, 2025 Top bank bosses were summoned for talks with ministers on Tuesday after a government report revealed that small businesses were having difficulty securing loans. Senior executives from HSBC, Natwest and Lloyds will be in attendance for the meeting, which will be chaired by minister for small business Gareth Thomas. A report from the Department of [...]
UK services sent into decline amid ‘market turbulence’ May 6, 2025 UK output was sent into decline by “market turbulence” in April for the first time in one and a half years, prompting fears that Chancellor Reeves’ £40bn tax raid last autumn was damaging the country’s services economy. The services sector, which is seen as the engine behind UK growth, had been on a 17-month winning [...]
Argentex shares crash as firm fights to survive May 6, 2025 Argentex shares plummeted nearly 90 per cent in early Tuesday deals as the firm resumed trading on London’s AIM. The embattled currency firm suspended its shares from trading on April 22 after it said its liquidity had significantly worsened as the US dollar weakened. The company then agreed to a takeover from rival IFX on [...]