Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds May 18, 2026 Rachel Reeves has handed a major boost to the likes of Natwest and Lloyds with an overhaul of the ring-fencing regime in hopes to free up capital to be invested into the UK. The Treasury has unveiled a shakeup of the 15-year-old legislation, which requires major banks to separate their retail banking operations from their [...]
London Sports Festival Serves Up Pickleball in New Street Square May 18, 2026 Central London Alliance’s London Sports Festival, in partnership with Landsec and supported by Fleet Street Quarter, is set to bring one of the world’s fastest-growing sports to the heart of the capital with the launch of a new pickleball activation at New Street Square. Pickleball is the fast-paced, social sport that has taken the world [...]
Energy giant clashes with HMRC at UK’s highest court over £28m penalty May 18, 2026 Scottish Power is to face the tax authority at the UK’s highest court over a tax deduction on a £28m penalty to settle a probe with the regulator. The legal case stems from a probe by the energy regulator Ofgem into Scottish Power between 2013 and 2016 regarding mis-selling, poor complaints handling, and a lack [...]
UK property taxes are highest in world – and they’re rising May 18, 2026 The UK has the highest level of property taxes of any major economy in the world as a share of the economy, according to new analysis, with new business reforms only set to add to the load. The global tax firm Ryan said the UK suffered a heavier property tax burden than the likes of [...]
The City is paying the price for Britain’s energy failure May 18, 2026 High, unstable energy costs don’t stay in the energy sector. They get absorbed into operating margins, debt-service forecasts, insurance assumptions, infrastructure returns, and the discount rate applied to British assets, says Alan Chang The City does not need another price shock to understand Britain’s energy problem. Markets are already pricing the risk. Renewed tensions with [...]
Good policing is the unsung pillar of growth May 18, 2026 Market confidence in the City is inseparable from its security, and the police are a core enabler of that security, writes Chris Hayward.
STARTEEPO Invest Announces 5% Stake in Xerox Holdings Corporation May 15, 2026 STARTEEPO Invest (“STARTEEPO”), an alternative investment fund focused on public equity opportunities, today announced that it has acquired a significant ownership position in Xerox Holdings Corporation (“Xerox” or the “Company”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515594020/en/ As of the date of this release, STARTEEPO and its affiliates beneficially owns 6.6 [...]
As it happened: UK borrowing costs rattled by Burnham’s Parliament bid May 15, 2026 Welcome back to the City AM liveblog. Andy Burnham has made his move – and it has left markets on edge. On Thursday evening, after markets had closed, a Labour MP sensationally announced their intention to stand aside to allow Burnham to make his way back into Parliament. And this morning it’s left gilt yields [...]
Plans for 25,000-capacity NBA basketball arena called London Colosseum May 14, 2026 The capital is set to get a 25,000-capacity NBA basketball arena in the Olympic Park called the London Colosseum. Jericho Estates, Peacock Gym, Torch Sports and architects Chybik and Kristof have partnered to produce plans for the stadium, which will be near the London 2012 Olympic Stadium – currently used by Premier League club West [...]
IGI Announces Increase in Quarterly Ordinary Common Share Dividend May 14, 2026 International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has voted to increase the Company’s quarterly ordinary common share dividend to $0.075 per share, representing a 50% increase from the present rate of $0.05 per share per quarter. This marks the third consecutive year that the [...]