The Legal & General headquarters in the City of London has been hit with an apparent act of vandalism this morning. Workers heading to the office of the financial services …
Meat and coffee prices drive grocery price inflation
Grocery price inflation in the UK passed five per cent in September to its highest level since July after the cost of fresh meat and coffee jumped. Like-for-like grocery price …
Goldman Sachs chief warns Rachel Reeves against bank tax
The boss of Goldman Sachs has warned Chancellor Rachel Reeves that an increase to the financial burden slapped on the banking sector would dent economic growth ambitions. In a private …
Close Brothers takes swing at FCA after near-doubling motor finance provisions
Close Brothers’ frustration at the City watchdog has stepped up a gear after the firm was forced to almost double its provisions for the motor finance scandal. The FTSE 250 …
THG reports strongest quarter of growth since 2021
THG, the London-listed firm behind fitness supplement brand Myprotein, has reported a better-than-expected uptick in sales following operating model changes. Third-quarter revenue rose 6.3 per cent, the retailer told markets this …
FTSE 100 Live: Retail sales, UK unemployment
Good morning from the City AM liveblog team. After a dismal first three quarters of the year, London’s IPO market is finally roaring back, returning the capital to a level …
UK jobs market sees small boost as wage growth stalls
The UK jobs market has shown signs it may be turning a corner as official data said there was an increase in the number of payrolled employees in August. There …
What would a far-right leader in France mean for Europe?
Despite growing economic strains and political turbulence in both countries, a potential alignment between Germany’s centre-right Chancellor Friedrich Merz and a far-right French president could temporarily steady Europe’s core — …
Issa brothers finally repay EG Group loan used to buy private jet
The Issa brothers have finally repaid the huge loan they borrowed from their own forecourt and retail empire to buy a private jet, City AM can reveal. The billionaire duo …
AI could take us back to the dark ages
The AI revolution is pushing human thinking into reverse, says Lewis Liu Last weekend my wife and I were in Florence for an old family friend’s wedding. With a morning …