Treasury sought to cap motor finance payouts, court filings claim September 1, 2026 The government sought to cap payouts in the motor finance scandal at a level lenders could absorb and the City regulator acted “unlawfully” in failing to protect consumers, new court filings seen by City AM allege. Both the Treasury and Financial Conduct Authority (FCA) are facing fresh scrutiny over the motor finance redress scheme as [...]
Lexus ES 2026 review: Easygoing electric saloon goes its own way August 27, 2026 Lexus has built some superb saloon cars during its 37-year lifetime, from the original LS 400, which bested the benchmark Mercedes-Benz S-Class, to the stylish and dynamic IS 300: a worthy rival for the contemporary BMW 3 Series. Today, however, Lexus is almost exclusively an SUV company. Its UK range stretches from the compact LBX [...]
Investors risk losing life savings with unregulated services, watchdog warns August 20, 2026 The UK’s financial watchdog has warned everyday investors could lose their life savings if they pump cash into high-risk unregulated investment services. The Financial Conduct Authority (FCA) has said the recent failure of Woodville Consultants, a litigation funder which raised cashed through unregulated loan notes, had revealed the risks facing investors. Woodville collapsed in July [...]
Lotus Emira 420 Sport: the best Emira yet is a downsized supercar August 18, 2026 The one percent keep getting richer, while the remaining 8.2 billion on the planet feel the squeeze. And this widening disparity in wealth even plays out in the enthusiast car market. Just look at our coverage of Monterey Car Week. New hypercars revealed in California this month have included the Aston Martin Valen, McLaren McL [...]
Barclays profit surges as equity traders cash in on volatility July 28, 2026 Barclays profit surged ahead of expectations in the second quarter of the year as market turmoil fuelled a bumper performance in its equity trading division. The FTSE 100 giant revealed it would launch a new £1bn share buyback after pre-tax profit jumped 17 per cent from the prior year to £6.1bn across the first half [...]
Iwoca closes bumper debt facility as sale speculation mounts July 27, 2026 Small business lender Iwoca has inked a new £250m debt facility that will help it ramp up its lending power just days after it emerged it had instructed bankers to launch a sale process valuing it at north of £1bn. The fintech closed the credit line from a household name bank and private credit giant [...]
As it happened: Stocks rise but oil tops $95; inflation eases July 22, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and new Chancellor John Healey secured an early boost after the Office for National Statistics (ONS) revealed that inflation slowed in June. Headline CPI inflation dipped from 2.8 per cent in May to 2.6 per cent in June. Grant Fitzner, chief economist at the [...]
Renault Scenic E-Tech 2026 review: An electric SUV for our times July 17, 2026 The Renault Scenic pioneered the practical but unfashionable compact MPV in the 1990s. Now it has returned as a more conventional electric SUV. John Redfern sees how well this reimagined Renault suits our different times. Three decades ago, Renault launched the original Megane Scenic to the world, kickstarting the small MPV category. It was a [...]
The Executive Ledger: Is the company car consigned to history? July 17, 2026 The traditional executive company car used to be defined by a beautifully simple set of rules, writes motoring journalist Tim Barnes-Clay. It required a German saloon, 3.0 litres of naturally aspirated displacement, finished in metallic paint, and a designated parking space close to the boardroom doors. It was a statement of seniority, paid for by [...]
FCA boss takes aim at motor finance lenders and claims firms July 15, 2026 The boss of the City watchdog has taken a fresh swipe at the parties opposing the regulator’s motor finance redress scheme. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), told the Treasury Committee that he was “concerned about the integrity of the claims management market” and took a shot at lenders for trying [...]