Analysts have slapped a downgrade on Close Brothers stock despite the bank’s motor finance win last month at the Supreme Court. The FTSE 250-listed bank’s stock rating was lowered to …
Investing
Rental crisis in London worsens: ‘Payments border on the obscene’
Rents in London are taking up a larger portion of tenants’ earnings again after three years of improvements. Private renters on a median household income in the capital paid 41.6 …
Exclusive: Wembley in line to stage Springboks match against Japan
The world champion South Africa rugby team will play at Wembley Stadium in November in a repeat of their “Miracle of Brighton” match against Japan, City AM understands. The Springboks, …
Tory MP takes chainsaw to workers’ rights package in new video
The shadow secretary of state for business has channelled Argentina’s red-tape-slashing President, Javier Milei, in a new video in which he vows to “take a chainsaw” to the government’s 300-page …
Stephen Kinnock quizzed on his dad’s calls to ditch two-child benefit cap
Stephen Kinnock said that discussions in government around scrapping the two-child benefit cap are “ongoing”, when asked about his father Lord Kinnock’s calls to ditch the policy. In an interview …
UK must change Bitcoin rules to catch up with Trump
While Donald Trump pledges to make the US the “crypto capital of the world” the UK is slipping further behind with outdated Bitcoin regulations, writes Gautam Pillai Rachel Reeves hasn’t minced …
Tories: Reeves gambling tax hike raises risk of black market betting
The Conservatives have warned of a rise in black market betting if Labour levies a tax on gamblers to fill Treasury coffers. The Government is increasingly looking like it will …
Dr Martens firmly in recovery mode, says City broker
Dr Martens is ‘making headway’ on its ambitious turnaround plan, with an ever-more positive outlook for the boot company, according to a City broker. “The debate is not whether [Dr …
Standard Chartered shares struggle to rebound after US lawmaker triggered $3bn sell-off
Shares in Standard Chartered inched higher on Monday, but failed to fully recover from a dramatic sell-off at the end of last week that was triggered by a United States …
‘Weak fiscal position’ pushes UK borrowing costs to 27-year high
Government borrowing costs have jumped over the past two weeks, flashing warning signs for Chancellor Rachel Reeves. The 30-year gilt yield hit 5.57 per cent on Friday before falling back …