Natwest and Lloyds have had to brace for losses on loans as players across the broadband sector struggle against escalating competition. Lloyds Banking Group’s commercial unit set aside £25m in …
Investing
City law firm Addleshaw Goddard prioritises bonuses over junior pay raises
City law firm Addleshaw Goddard has pulled out of the junior salary war by freezing pay and relocating those funds to its bonus pot. As reported by trade publication The …
Are franchise IPOs the end game for The Hundred’s £1bn investors?
Have The Hundred’s investors figured out yet how they will make a return? Look out for minority stake sales and maybe even listings in India, says Ed Warner. Never make …
Business has never been a man’s world – meet the women who bankrolled history
A new history challenges the myth that business was “just for men” by uncovering the forgotten stories of powerful female entrepreneurs, bankers, and industrialists who have been crucial to building …
Mental health overdiagnosis ‘costs £16bn a year’
The overdiagnosis of mental health illness in young people costs the UK around £16bn a year, a new report has suggested, with former Chancellor Jeremy Hunt claiming policies he introduced …
Natpower trumps Labour with £1bn battery storage project
Global energy company Natpower is set to dwarf a key Labour investment in battery storage development as it said £1bn would be injected into one of the largest storage sites …
One in ten UK homes cut asking price in July
One in ten UK homes registered a cut to the asking price in July, well above the five-year average, as sellers continue to adjust to a buyers market. Average house prices …
Services sector in one year of pessimism, CBI suggests
The UK services sector’s pessimism in business prospects has now lasted a full year, a new survey has found, providing further evidence that the trust between businesses and the Labour …
UK defence tech pivots from taboo to City darling
The UK’s deep tech sector is navigating a seismic shift in investor sentiment toward defence technology. Once a frowned-upon sector, defence is now shedding its taboo, driven primarily by global …
Mark Kleinman: Gupta steeled for high-wire act to end without Liberty
Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Gupta steeled for high-wire act to end without Liberty It’s crunch time …