Bad loans tied to commercial real estate now outweigh loss reserves at the six biggest banks in the US, raising concerns about the possible consequences of a further deterioration in…
It’s easier than ever to start a company, but much harder to grow it; the government must act to support small businesses, writes Charlotte Keenan With the Spring Budget only…
“High-risk” passengers arriving in Britain on private jets are slipping into the country without security checks via London City Airport, the chief inspector of borders and immigration has warned. In…
National Express owner Mobico Group’s shares cratered this morning after it announced a review into audits of its German rail business would delay publication of its full-year results. Shares fell…
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 A.M. understands. The challenger 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 plans. It revealed this morning…
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 half of 2023, down from…
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 revenue slid by 25 per…
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 continues. This follows a major…
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 per cent to trade at…