Natwest hikes dividend after profit hits post-financial crisis high Banking Natwest laid out plans to splash the cash to shareholders in its full-year earnings report on Friday as the bank’s profit reached its highest since the 2008 financial crisis. The FTSE 100 banking giant – which returned to private ownership in the last year – recorded pre-tax profit of £7.7bn in 2025 financial year, up [...]
FTSE 100 Live: Miners lead stock rally; Pound holds onto gains Markets Good morning and welcome back to the City AM liveblog. Is President Donald Trump trying to devalue the dollar? That’s the question many in the City and across global markets were asking yesterday after Trump referred to the dollar dropping 1.3 per cent against a basket of currencies as “great”. The President’s triggered another 0.2 [...]
Exclusive: Corbyn and Sultana’s Your Party UK Ltd to be deleted Politics Jeremy Corbyn and Zarah Sultana’s Your Party is set to be wiped off an official register, City AM can reveal. The two former Labour politicians, who are both listed as directors of the party on Companies House, have tussled for control while the launch of the party last year has been dogged by questions over [...]
Starmer caps ground rents after fears of Rayner-led rebellion January 27, 2026 Sir Keir Starmer has introduced a cap on ground rents following fears of an MP rebellion led by the former deputy Prime Minister Angela Rayner. The Prime Minister announced the new move – which will cap ground rents at £250 a year for leaseholders in England and Wales – on TikTok, saying it will “make [...]
Turtle Bay: Founder criticises ‘unhelpful’ Reeves’ tax raid after huge loss January 13, 2026 Caribbean restaurant and bar chain Turtle Bay has hit out at the “unhelpful” Labour government whose tax “raid” contributed to it slumping into the red. The Bristol-headquartered business, which was set up in 2010 by Ajith Jaya-Wickrema and Stephen Entwistle, cited Chancellor Rachel Reeves’ increase in employers’ National Insurance as a reason for it falling to [...]
Loungers creates 900 jobs as major expansion plans continue January 12, 2026 Cafe-bar and restaurant chain Loungers created more than 900 jobs in the year it quit the London Stock Exchange’s AIM, it has been revealed. The Bristol-headquartered business delisted in February last year after being acquired by Fortress Investment Group for £338m. The Cosy Club and Brightside owner was founded in 2002 by Alex Reilley, David Reid [...]
Elon Musk’s X suffers sales and profit slump before Grok fallout January 9, 2026 Turnover and profit at the UK arm of X fell sharply in its second year after being taken over by Elon Musk, it has been revealed. The division’s turnover was slashed from £69.1m to £28.8m in 2024, accounts filed late with Companies House show. The results also confirm that Twitter UK’s pre-tax profit was cut [...]
Vitality posts healthy profit as revenue passes £1bn January 8, 2026 Health and life insurer Vitality surged back into the black after its revenue passed the £1bn mark during its latest financial year. The London-headquartered business has posted a pre-tax profit of £48m for the 12 months to 30 June 2025, new accounts filed with Companies House show. The total comes after it fell to a [...]
Coldplay rake in over £250m in profit from world tour January 7, 2026 Coldplay have earned more than £250m in profit from their record-breaking Music of the Spheres World Tour, according to new figures. Frontman Chris Martin, guitarist Jonny Buckland, bassist Guy Berryman and drummer Will Champion performed their shows between March 2022 and September 2025. Over the course of 225 performances, the tour racked up more than [...]
Legal firm faces “material uncertainty” after publishing overdue accounts January 7, 2026 After months of delay, the law firm behind the largest action to hit the London High Court published its 2023 financial accounts, which revealed an annual loss of £95m. Pogust Goodhead’s 2023 account, published on Companies House on Monday, four months past the deadline, showed turnover decreased sharply to £3,607,387, down from £53,077,800 in 2022. [...]