Natwest clears former chief Alison Rose of misconduct in Farage debanking row November 10, 2023 Natwest's board confirmed this morning that there will be no bonus or variable remuneration paid to her in respect of service during 2023.
FTSE 100: London markets hit by interest rate cut worries as Tui takes flight February 13, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
Disney to cut thousands of jobs this week, reports say April 24, 2023 Disney will cut thousands of jobs this week, taking the total number of layoffs to 4,000, according to media reports. Disney first announced it would start axing jobs in February as part of a $5.5bn (£4.54bn) cost-cutting drive under chief executive, Bob Iger. Iger – who returned as Disney’s chief in November following the tumultuous [...]
Treasury and FCA worried by payments regulator’s fraud refund scheme August 22, 2024 The government and City watchdog have raised concerns over a fraud refund scheme from the UK payments regulator that firms have warned could do long-lasting damage to the industry, City A.M. understands.
Mortgage rates climb to 15-year high following surprisingly strong wage growth July 11, 2023 The typical rate available on a two-year fixed mortgage has climbed to a 15-year high, surpassing the levels seen last Autumn in the wake of the disastrous mini-budget. According to Moneyfacts, the average two-year fixed residential mortgage rate hit 6.66 per cent, marginally higher than the 6.65 per cent seen last October. This was the [...]
Martin Gilbert’s Assetco endures ‘exceptionally difficult’ year but signs things are ‘picking up’ March 18, 2024 Chair Martin Gilbert noted the cost savings programme has required the firm to take "significant write-downs", which have impacted results for the year.
UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
Revolution Bars: Weathering through ‘external headwinds’ October 17, 2023 Revolution Bars Group weathers through the year's "external headwinds" with an increase in total sales amongst preliminary results.
Wage growth cools slightly giving Bank of England space to hold interest rate December 12, 2023 Annual wages grew 7.3 per cent in the three months to the end of October, a slight fall on the month before and a figure which will give the Bank of England more freedom to hold interest rates later this week. The readout is slightly lower than consensus of 7.4 per cent and some way [...]
Vodafone shuns offer from Iliad to tie up Italian businesses January 31, 2024 Shares in Vodafone fell over three per cent after it rejected an offer from French telecoms company Iliad to merge their Italian businesses.