Vistry shares slide after Allianz ‘cuts insurance cover’ August 10, 2026 Shares in Vistry fell on Monday morning after speculation over its insurance cover prompted fresh fears that the housebuilder is facing cash struggles. The FTSE 250 housebuilder saw its stock slide by nearly eight per cent to 261p in early trading, meaning the firm has shed more than half of its market value in the [...]
Burnham facing calls to cut employment red tape as job seekers grow for 41 months August 10, 2026 The government is facing calls to strip red tape around employment after the pool of people looking for jobs in the UK grew for a 41st consecutive month. The number of people on the hunt for work has now grown for nearly three and a half years while the number of available jobs has declined [...]
Back to basics: Sainsbury’s gradual retreat from the British high street August 8, 2026 Sainsbury’s deal to sell its catalogue retailer Argos marks the latest step in the grocer’s years-long retreat from a high street conglomerate back to its core food business. The FTSE 100 supermarket giant holds a 15 per cent market share of grocery stores, second only to Tesco. But the firm once had a sprawling business [...]
Allianz Delivers Record Result and Is Well on Track to Achieve Its Targets August 7, 2026 2Q 2026 This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260806509750/en/ Total business volume at 45.6 billion euros, an internal growth of 5.7 percent1, with contributions from all segments. Asset Management delivers excellent growth. Operating profit rises 10.6 percent to a record level of 4.9 billion euros. Shareholders’ core net income at 2.6 [...]
AM Best Upgrades Fortegra Insurance Subsidiaries to A (Excellent) August 6, 2026 Rating actions follow completion of the DB Insurance acquisition
Hiscox finance chief: London’s AI adoption is too slow August 6, 2026 Hiscox group chief financial officer Paul Cooper takes us through his career in insurance in this week's Square Mile and Me.
Admiral profit slides as boss eyes push into EV insurance August 6, 2026 Admiral suffered a drop in profit as the insurance giant was weighed down by lower earned premiums in its UK car business. The group’s profit before tax fell by 18 per cent to £429.2m in the first half of the year, while turnover remained flat at £3.11bn. Milena Mondini, group chief executive, told City AM [...]
Mark Kleinman: English football’s New Deal heads into injury time August 6, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column New season, new deal? As England football supporters dust themselves down from the disappointment of yet another latter stages defeat on the international stage, their attention switches back to the domestic game. The most important early season [...]
‘Vibrant colours and sexy scents’: Steph McGovern-owned Gootopia back in profit August 6, 2026 A slime business owned by broadcaster Steph McGovern has turned back to profitability after a period of rapid expansion. London-based Gootopia, which hosts parties for children in which they play with multi-coloured slime, was founded in 2018 and has since grown from a single site to a dozen locations across the UK, including in Brixton, [...]
Investors ‘may be less than impressed’ by John Healey’s £9bn borrowing plans August 5, 2026 Investors may be “less than impressed” by John Healey’s plans to increase borrowing by £9bn a year to take stakes in assets such as infrastructure, analysts have warned. On Tuesday evening, it was reported that the new Chancellor and Treasury ministers were working on a proposal to deploy billions in the direction of infrastructure, housing [...]