Specsavers has scrapped the bumper dividend it has been handing to its billionaire owners despite its sales and profit growing during its latest financial year. The chain has paid out …
Investing
City watchdog unveils plans to support tokenisation as it pursues further growth
The City watchdog has set out fresh plans to support tokenisation as it ploughs ahead with its growth agenda. The Financial Conduct Authority (FCA) unveiled guidance that provides firms and …
The authentic side of Amsterdam, with amazing restaurants, hipster bars and outdoor swimming
In 2008, I was a 23-year-old uni student on an Erasmus programme in Amsterdam. I know what you’re thinking and yes, I may have held a few herbal cigarettes, stumbled …
Legal & General’s City of London office hit with suspected vandalism
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 …