Landsec’s blocked £.5bn shopping centre plan leaves Lewisham in the worst of all worlds Opinion Lewisham’s £1.5bn shopping centre redevelopment freeze, caused by a breakdown between Landsec and the Council, has left residents, traders, and the town centre stranded in uncertainty, says Sergiy Lesyk Lewisham shows how a council can lose a £1.5bn scheme and gain nothing. Landsec, the property company that has owned Lewisham Shopping Centre for more than [...]
As it happened: FTSE 100 claws back losses; oil hovers as Iran-US talks stall FTSE 100 Live Welcome back to the City AM FTSE 100 liveblog. London’s blue-chip index is looking to claw back losses made this week as investors weigh up the rising price of oil. Brent crude – the international benchmark for oil prices – surged above $110 per barrel on Wednesday, resuming its advance following mixed reports on diplomatic [...]
Union fury at Natwest plans for staff to attend the office TWO DAYS a week Business Natwest is facing backlash from trade union Unite over a new plan to require workers to attend the office for a mandatory two days a week. On Tuesday Unite, which represents over 1 million workers across private, public, and voluntary sectors, including some Natwest employees, said the lender’s decision was “out of touch with the [...]
Midday Markets: The one tax you could bank on October 16, 2026 The Midday Market report is a new newsletter from City AM, giving you fresh analysis on the biggest stories in the City straight into your inbox every lunchtime. Today, Ali Lyon, chews over the government’s plans for a windfall tax on banks. Sign up to the City AM News Updates newsletter here. It was, in [...]
Lloyds and Barclays shares fall as Healey ‘poised’ to hike bank tax October 16, 2026 Shares in Britain’s banking giants tumbled this morning after new reports suggested John Healey is set to raise taxes on lenders when he delivers his first Budget at the end of the month. Natwest dropped two per cent to 660.40p, while Lloyds was down around 2.5 per cent to 103.40p. Barclays slid 0.4 per cent [...]
‘It’s hard to call the peak’: Wall Street banks land $22bn trading haul October 14, 2026 Traders at Wall Street’s biggest banks kept their blockbuster winning streak alive in the third-quarter as they made hay on volatility triggered by the war in Iran and swinging AI stocks. Equity trading divisions at the big six US banks – JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup and Wells Fargo – [...]
Movere Launches to Help Businesses Accept Payments, Enter New Markets and Scale Globally October 14, 2026 Movere’s platform connects businesses to 500+ payment methods in 100+ countries through a single integration
TEG’s SmartPay Surpasses £478m as Early Payment Reaches Thousands of UK Haulage Businesses October 13, 2026 Payments that once took up to 90 days now clear in minutes
Interest rate fears dampen UK house buying demand October 8, 2026 Brits held off inquiring about buying new homes last month as fears over higher mortgage rates dampened the market. Housing demand dropped in September, according to a survey from the Royal Institution of Chartered Surveyors (RICS), which found that 22 per cent of property professionals saw buyer inquiries fall last month. That figure was up [...]
Stages of tax grief: Is it time for bankers to bargain? October 7, 2026 Banks are in the firing line at the Budget and in a meeting with bosses on Tuesday chancellor John Healey played coy on any increased rates. In this week’s column Samuel Norman looks at what trade-off could be made. Also on the cards, fresh data shows fintechs are lurching ahead of the incumbents on customer [...]