As Morgan Stanley commits to Canary Wharf is the hub turning a corner? April 3, 2024 Morgan Stanley has agreed to stay in Canary Wharf for another 14 years, in a welcomed boost for the east-London banking district following a string of high profile departures.
Property fintech LendInvest sells £243m buy-to-let mortgage portfolio following financing deals May 30, 2023 London-listed property fintech LendInvest confirmed the sale of a £243m buy-to-let mortgage portfolio to digital bank Chetwood Financial. The portfolio includes mortgages originated between 1 March 2022 and 30 November 2022 during which time interest rate hikes reduced the profitability of the mortgages. LendInvest will take a £10.5m loss on the sale which will be [...]
The Co-operative Bank to slash 400 jobs in cost-cutting drive March 26, 2024 The Co-operative Bank has announced that it plans to cut around 400 jobs as the lender looks to reduce costs.
Recession off the cards, getting over 50s ‘back to work’, strikes and banks take stock – the five best read stories on City A.M. this week March 17, 2023 It was the week UK Chancellor Jeremy Hunt laid out his first Spring Budget, but as pension savers and taxpayers looked on, fears of a recession appeared to fade, although the sagas of banks Silicon Valley Bank, Credit Suisse and on-going strikes raged on; here are the stories readers were flocking to on City A.M. [...]
PS5s and perfumes boost seasonal sales at The Very Group January 11, 2024 Christmas ales at retailer The Very Group were boosted by the popularity of games consoles and perfumes, it has been revealed.
Lucy Frazer warns The Telegraph over leadership changes which breached government order March 4, 2024 The Telegraph recently announced the appointment of Anna Jones, former chief of Hearst Magazines UK, as the group's chief executive.
ECB ‘in no rush’ to cut interest rates as markets hunt for signs of a pivot March 3, 2024 Having hiked interest rates to their highest levels in more than two decades, the ECB is now considering when to start easing the pressure on households and businesses.
Tech Nation returns: Start-up network set for comeback under Brent Hoberman September 14, 2023 The start-up quango which controversially had its funding pulled by government this year is set to reopen in Birmingham under new ownership next month.
Private sector AI forum to launch in January, No10 announce December 20, 2023 A new artificial intelligence (AI) opportunity forum to explore private sector adoption of the technologies will launch in the new year, No10 have confirmed.
Fever-Tree: Boss blames ‘vagaries’ of British summer for lower profit expectations September 12, 2023 Fever Tree said it had been battered by Britain's unpredictable weather, as a wash out summer led it to cut annual profit expectations.