Revolut eyes trading and wealth push amid hiring spree March 24, 2026 Revolut has laid out its initial blue-print for major expansion in its trading operations after the fintech giant bagged its full-fat UK banking licence earlier this month. The $75bn digital banking juggernaut has kicked off a hiring spree at its Canary Wharf headquarters as well as other financial hubs across the globe. The fintech has [...]
Michael Hayman elected chair of British Chambers of Commerce March 16, 2026 Michael Hayman has been elected the new chair of the UK’s leading business network, succeeding former management consultant Sarah Howard. Hayman will take the chair of the British Chambers of Commerce (BCC) after being picked unanimously by board members. As chair, Hayman will lead the network’s strategic direction as it supports business growth, lobbies the [...]
Trump demands US-backed insurance as firms suspend cover in Persian Gulf March 4, 2026 Donald Trump calls for a US-backed insurance following news that most of the world’s largest maritime insurance firms are set to cease covering war risks for ships entering the Persian Gulf. On 5 March, various members of the London-based International Group of Protection and Indemnity Clubs will automatically terminate war-risk cover if vessels enter the [...]
FTSE 100 Live: Stocks inch back up; UK faces energy bills warning March 4, 2026 Good morning and welcome back to the CityAM liveblog. Yesterday, Rachel Reeves delivered her Spring Statement. The Chancellor wheeled out new forecasts from the Office for Budget Responsibility that cut growth for 2026 but – albeit modestly – upgraded it for the years to come. But forecasts were quickly labelled out of date by [...]
US Supreme Court rules Trump’s ‘Liberation Day’ tariffs were illegal February 20, 2026 The US Supreme Court has handed down a landmark ruling that the sweeping tariffs President Donald Trump imposed on trading partners last year were illegal. Justices were weighing up a case centred around the Emergency Economic Powers Act that allows a President to regulate imports during a national emergency. The White House had argued the [...]
Scotch whisky makers look to India amidst Trump tariff worries February 18, 2026 Scotch whisky makers selling into the US faced a challenging year as a result of Donald Trump’s tariffs, according to new figures, but many distilleries spy a long term opportunity in India. Figures out last week from the Scotch Whisky Association (SWA) showed that the value of Scotch exports to the US declined by four [...]
Tories issue challenge against Trump’s ‘mistake’ on trade February 2, 2026 The Conservatives have issued a direct challenge to President Trump on the benefits of free trade as shadow Chancellor Mel Stride said tariffs risked undermining transatlantic relations. In a speech at a conference hosted by British-American Business, Stride argued that free trade was “worth defending” as he took aim at President Trump’s protectionist policies. He [...]
Employment falls despite manufacturing output hitting new high February 2, 2026 Employment across the manufacturing sector dropped despite output jumping to its highest level in 17 months, new data has shown. Manufacturers continued shedding staff due to high pay and tax pressures, according to S&P Global’s latest purchasing managers index (PMI). The poor reading for the labour market came in direct conflict with more positive results [...]
‘Absolutely bonkers’: Labour minister hits back at Trump’s criticism of China trade January 30, 2026 A Labour minister has hit back at comments from President Donald Trump that trading with China was “very dangerous” for the UK. Sir Chris Bryant, who has served as trade minister since September 2025, said it would be “absolutely bonkers” for the UK not to do business with China. “You have to challenge China on [...]
Starmer is wrong to say he doesn’t have to choose between the US and China January 28, 2026 Is Keir Starmer a geopolitical genius? As he jets off to China for the first visit by a UK Prime Minister since 2018, we must at least consider the possibility that he is. Ahead of his departure Starmer said “I’m often invited to simply choose between countries [but] I don’t do that.” The countries in [...]