LendInvest swings to loss on mortgage woes, has cut more than a quarter of staff December 19, 2023 AIM-listed lender to homeowners and buy-to-let landlords hit by increased competition
Banknote maker De La Rue says demand for cash recovering despite £16.8m loss December 19, 2023 British banknote maker De La Rue continues to struggle with weak demand for cash but reitered its upgraded full-year profit guidance.
Banks increasingly closing defence firms’ accounts, trade body warns December 19, 2023 Trade bodies are seeking to reassure the defence industry after more than a dozen firms in the sector had their bank accounts closed, with the Ministry of Defence warning that excessive ESG banking and investment policies are "dangerous" for national security.
Revolut to suspend crypto trading for UK business customers as City regulator prepares new rules December 18, 2023 Fintech Revolut is set to pause some of its cryptocurrency services in the UK to adjust to new marketing rules from the City regulator.
Lloyd’s of London strikes deal with Ping An to stay at iconic City HQ until 2035 December 18, 2023 Lloyd’s of London has struck a new deal with Chinese insurer Ping An to remain at its One Lime Street headquarters until 2035, four years longer than its original lease agreement.
FTSE bosses earn 57 times more than their employees as debate rages over London’s competitiveness December 18, 2023 Bosses of FTSE 350 firms are typically paid 57 times more than their employees, according to new data, as City grandees argue over the best way to attract talent to London.
TfL strikes £250m funding deal with government to become ‘financially sustainable’ December 18, 2023 TfL strikes deal with government for £250m funding after the network's future finances were left unclear in Autumn Statement
End is in sight for Amigo as former payday loan provider struggles to find a buyer December 18, 2023 Amigo Loans has said it expects to be mostly liquidated in the first half of next year as the firm continues to wind down its historic lending business.
London salaries begin dropping as job vacancies finally start to fall December 18, 2023 Job vacancies in November fell below one million for the first time since May 2021 while London remains the only region seeing year-on-year drops in advertised salaries, according to job search engine Adzuna, as the UK's labour market cools.
Cambridge University reportedly looking to drop Barclays for ‘greener’ bank December 17, 2023 Cambridge University is reportedly considering ending its more than 200-year relationship with Barclays due to the bank's financing of fossil fuels.
