Specialist lender Shawbrook has confirmed its intention to kick off an Initial Public Offering (IPO) on the London Stock Exchange. The company is targeting a listing in early November 2025 …
Investing
The Savoy Hotel sheds jobs as losses widen
Losses widened at The Savoy Hotel as it shed jobs during its latest financial year while a major renovation project started. The five-star London hotel has posted a pre-tax loss …
Lloyds Bank sets aside additional £800m for motor finance redress
Lloyds Banking Group said on Monday morning it would put aside an additional £800m in motor finance provisions after the regulatory redress scheme fell “at the adverse end of the range of …
Astrazeneca vows to lower US medicine prices after pressure from Trump
Astrazeneca has bowed to pressure from US president Donald Trump to lower the cost of its medicines for patents in America. The Cambridge-based pharma giant said it will provide direct-to-consumer …
Finance chiefs fear UK is falling behind as Labour growth push falls flat
UK finance chiefs believe the country is falling behind rivals as costs are stacking up and squeezing profit margins, a new survey has shown, with further alarm bells ringing that …
AI fraud surge squeezes UK retail margins as businesses fight back with tech
UK retailers are under siege from a surge in AI-driven fraud, eroding thin profit margins and forcing a scramble for smarter defences. As economic headwinds bite, fraud losses are climbing, …
FTSE 100 Live: Lloyds warns on ‘adverse’ outcome on motor finance
Good morning from the City AM liveblog team. As we edge close to the Budget, more and more businesses are growing agitated over how their industry might be affected. Nowhere …
Two years to go: Your journey to UK T+1 must start now
The countdown is on to T+1. Here’s everything your firm needs to know to get prepared, writes Andrew Douglas Saturday marked exactly two years until the UK will join the …
IMF annual meeting is high-stakes for the UK economy
Amid global uncertainty, the UK economy needs a vote of confidence from the IMF at its annual meeting this week, writes Chris Hayward This week’s International Monetary Fund (IMF) gathering …
Reeves risks ‘unnecessary economic damage’ unless Labour manifesto broken
Chancellor Rachel Reeves risks wreaking havoc on the UK economy unless she breaks Labour manifesto commitments and introduces vast reforms to the wider tax system, leading researchers have suggested. Top …