The Co-operative Bank has apologised to customers after a glitch caused payments to be taken twice from some small business accounts. The issue appears to have started on Tuesday, with …
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The City watchdog has imposed restrictions on a fintech firm owned by Uruguay’s first-ever billionaires as it tries to improve standards in a more lightly regulated segment of the payments …
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The top bosses at iconic British shoe maker Dr Martens will not be paid their bonuses after the brand suffered a “disappointing year” as its pre-tax profit was slashed. The …
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Great Portland Estates (GPE) has raised gross proceeds of £350m to capitalise on its pipeline of new opportunities in central London. Back in May, the London landlord launched a fully …
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Iron casting and machining group Castings benefited from the lingering impact of the pandemic on supply chains in its latest set of financial results. Pretax profit increased to £21.3m in …
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Frontier Developments, the developer behind games including Rollercoaster Tycoon and Elite Dangerous, is finally back in the black after cost saving measures triggered by a rough 2023. The Cambridge-based developer …
Prices on ride hailing apps like Uber are set to soar, after the government ploughed ahead with a promise to apply VAT to online mini …
This time last year, City AM asked me to identify three countries for which 2025 would be an important year in sport. My three choices …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
Challenger Monzo to cement £4bn valuation in new funding round
Monzo is set to cement a valuation of around £4bn in a fresh round of funding, despite growing headwinds in the challenger bank sector, City …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’
Barclays chief executive CS “Venkat” Venkatakrishnan has announced that the bank will become “simpler, better and more balanced” in a much-anticipated update on its restructuring …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
Petra Diamonds predicts slow recovery in diamond prices
Petra Diamonds now expects a slower recovery in diamond prices, reporting earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $38.9m (£31m) in the second …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
Kemi Badenoch stand-off with ex-Post Office boss escalates as he defends interview branded ‘full of lies’
The row between former Post Office boss Henry Staunton and business secretary Kemi Badenoch ratcheted up another notch, as the row over compensation for sub-postmasters …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown
A Scottish house-building company is the latest to be financially bruised by last year’s slowdown in property sales. This morning, publicly listed Springfield Properties said …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
‘We were wrong’: Coffee brand pulls out of Tesco after learning ‘simple truth’
The boss of an independent coffee brand has opened up about the decision to pull its products from the shelves of Tesco. Roastworks has been …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
FTSE 100 live: London dips amid China concerns as Barclays jumps on restructuring
Concerns over the Chinese economy sent London’s FTSE indexes slightly lower on Tuesday morning despite a strong performance from Barclays. The FTSE 100 dipped 0.08 …
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Regulator launches investigation into baby formula market
The Competition and Markets Authority (CMA) has launched a market study into the supply of baby formula in the UK. The CMA investigation, which was …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
Barclays unveils plan to return £10bn to shareholders and cut £2bn in costs by 2026
Barclays has unveiled a drop in annual profits as the bank undergoes a sweeping restructuring designed to save £2bn in costs and return £10bn to …
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Estate PlanningFinancial PlanningInvestingPersonal FinanceRetirement Planning
Copper mining giant Antofagasta posts jump in full-year profit but disposals hurt earnings
Anglo-Chilean miner Antofagasta has ridden a more stable copper price through 2023 to a boost in full-year revenues. The firm’s revenue and earnings before interest, …