FTSE 100 Live: Ofwat £11m fine; Unemployment at four-year high December 16, 2025 Good morning and welcome back to the City AM liveblog. We received another gloomy snapshot of the economy ahead of the ever-important Bank of England rate decision on Thursday. New unemployment data showed another blow for the Labour government, which has denied that its policies have had an on the ailing jobs market. The UK [...]
Starling revs up Engine with City hiring spree December 16, 2025 Starling is motoring into 2026 with its foot firmly on the pedal, injecting a fresh pump of gas into the group’s technology arm. The UK fintech veteran is planning to shift its software-as-a-service (Saas) banking platform into top gear with a major hiring spree across London. The platform, known as Engine, is a subsidiary of [...]
Motor finance lenders brace for legal battles amid redress spat December 15, 2025 Motor finance lenders have been sent a major warning over a potential influx of legal battles if the UK’s financial watchdog fails to “genuinely compensate” consumers. Britain’s top banks were thought to have been granted some reprieve earlier this year after the Supreme Court sided with upheld the appeals of two lenders in the landmark [...]
2025: It’s been one hell of a year for UK business December 11, 2025 From political drama to market volatility, cyber attacks, takeovers and trade wars – 2025 has not been plain sailing. January: motor finance and angry farmers We began the year reporting on the exodus from the London stock exchange noting that 2024 had been the quietest year on record for new listings and we suggested that [...]
Rachel Reeves’ Budget was ‘monumentally mishandled,’ says London-listed bank December 11, 2025 A London-listed bank has given its scathing assessment of Rachel Reeves’ second Autumn Budget and warned of the impact it will have on consumer confidence. S&U – which was founded in 1938 and once known as Sports and Utilities – said the performance of its motor finance and property financing arms was “remarkably resilient given [...]
How Natwest, Lloyds, Barclays and HSBC fired up the FTSE 100 in 2025 December 9, 2025 If 2025 was supposed to be the year of the AI bubble, nobody told Britain’s banking giants. Amidst the noise of the US tech boom, the UK’s FTSE 100 banking heavyweights, Natwest, Lloyds, Barclays, and HSBC, have staged a formidable, if understated, rally. Lloyds delivered an astonishing 75.8 per cent gain, while Barclays surged 65 [...]
Paragon Banking chief eyes acquisitions after capital boost December 3, 2025 The boss of Paragon Banking Group has acquisitions in mind after the lender received a major tailwind from regulatory reforms this year. Nigel Terrington has said the loosening of banks’ capital requirement rules, known as MREL (minimum requirement for own funds and eligible liabilities), will open up further growth prospects for mid-cap lenders. The boss [...]
City watchdog to lift motor finance complaints pause earlier than expected December 3, 2025 The City watchdog has lifted the cap on motor finance complaints following the landmark ruling from the Supreme Court over the summer. The Financial Conduct Authority said it would ditch the pause on complaints from 31 May 2026 – two months ahead of plan. In a letter sent to banking bosses, the FCA has also [...]
Banks to pay ombudsman more as Treasury crackdown costs £8m November 27, 2025 Banks will pay more to the Financial Ombudsman Service in the next year as the body strums up cash for its bill to meet the Treasury’s clampdown. Financial services will pay the FOS £86m in the 2026/27 financial year – an increase of £16m – under new proposals, which aim to beef up the Compulsory [...]
OLX Group Reports Record Profitability with 49% Margin and Strong 22% Revenue Growth November 24, 2025 OLX Group (“OLX”), a global online classifieds leader with nearly 60 million daily listings across seven markets1 and a subsidiary of Prosus, has reported strong financial results for the first six months ended 30 September 2025. Revenue grew 22% (17%2) year-on-year to US$473 million, from US$389 million in 1HY25. Adjusted EBITDA increased 52% (44%) year-on-year [...]