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Bank of England cuts interest rates to 4.25%
Economy
The Monetary Policy Committee voted by a majority of five to four to reduce rates
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º£½ÇÊÓƵ construction industry faces delayed recovery until late 2025, Lords reports
By City AM
Lords, one of the º£½ÇÊÓƵ's largest building materials suppliers, said it was continuing to focus on delivering efficiencies to deal with cost pressures and "an increasingly onerous regulatory environment" after it reported a downturn in demand
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Paddy Power owner Flutter sees stock drop after gamblers back favourites
By City AM
The group was able to upgrade profit expectations as previous guidance excluded the acquisitions of Snaitech and NSX, as well as changes to exchange rates
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Lloyd's of London appoints new CEO as John Neal successor named
By City AM
Patrick Tiernan has been appointed as the new CEO of Lloyd's of London, with current chief John Neal set to step down at the end of May
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London-based Metro Bank sees share price lift following positive Q1 financial update
By City AM
Metro Bank said profits had increased significantly in the first quarter of 2025 as the embattled lender's turnaround gathers pace
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Bank of England poised to cut interest rates as tariffs to weigh on growth
Economy
The rate is expected to be reduced from 4.5% to 4.25% on Thursday
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Office refurbishments in London hit record costs amid rising demand for high-spec workspaces
By City AM
The average high specification project in London costs £4,671 per square metre, four per cent higher than runner-up New York and eight per cent higher than third-place Zurich
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Trainline shares lose further ground despite near £6bn ticket sales
By City AM
Trainline's stock price has fallen by more than a third this year due to concerns over government plans to launch a rival state-owned service
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Vodafone's chief financial officer Luka Mucic to quit the firm after just 18 months
By City AM
Luka Mucic will leave the FTSE 100 company "no later than" the spring of 2026, at which point he will have been chief financial officer for just over three years in total
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Palatine backs AI and data consultancy Atombit as it makes three acquisitions
Technology
Private equity firm vows to help new partner build 'world-class platform for growth'
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London prime property market remains stable despite headwinds, Savills data shows
By City AM
Sales of properties priced above £5m have remained stable in the capital, according to Savills, with 93 sold in the first quarter of the year compared to 92 in the same period of 2024.
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Deliveroo agrees terms of £2.9bn takeover by US rival DoorDash
By City AM
The offer of 180p per share represents a premium of 44 per cent on Deliveroo's closing share price on the day prior to the acquisition, and a 40 per cent premium on its average price for the prior three months
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Half of all º£½ÇÊÓƵ profit warnings in April blamed on Donald Trump's trade war
Finance
The latest profit warning report from EY-Parthenon lay bare the impact of tariff increases and the escalating trade battle with China
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Donald Trump's 100% tariff on non-US movies could 'knock out' º£½ÇÊÓƵ film industry
Enterprise
The US president wants tariff 'on any and all movies coming into our country that are produced in foreign lands
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Bank of England set to cut interest rates as Trump's tariff impact in focus
Economy
Inflation has fallen in recent months which is likely to indicate to policymakers that interest rates can continue to come down
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FTSE 100 set for longest-ever winning streak as it recovers from April's trade war chaos
By City AM
The º£½ÇÊÓƵ's flagship index is on course to extend its winning streak, having climbed in 14 straight trading sessions - a record if it closes in the green today
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Harrods joins M&S and Co-op as target in recent º£½ÇÊÓƵ retail cyber attacks
By City AM
Harrods has confirmed it has been targeted by cyber attackers in a fresh attack on a major retailer - the third in just a few days - amid fears of a 'coordinated campaign'
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Natwest's profit surge amid stamp duty changes and market volatility boosts shares
By City AM
The FTSE 100 bank booked a £1.8bn pre-tax profit, surpassing the £1.6bn pencilled in by analysts and shares in the lender rose over three per cent during early trading
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Standard Chartered sees profit surge amid market volatility
By City AM
Standard Chartered shares edged up after the firm smashed profit expectations in the first quarter, but warned of the upcoming impact of geopolitical tensions
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Lego moving º£½ÇÊÓƵ headquarters to iconic Southbank building
By City AM
The Danish toy giant has signed a lease to occupy 192,000sqft across three-and-a-half floors in 76 Southbank, where it will relocate 1,500 staff in 2027
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Construction firms are losing confidence in º£½ÇÊÓƵ economy despite 'resilient' businesses
By City AM
Lloyds Bank's Business Barometer shows that construction firms are among those that have seen a bigger drop in confidence about their business prospects than others in the economy
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Vinted launches venture capital arm to invest in º£½ÇÊÓƵ and European e-commerce start-ups
By City AM
Vinted, Europe's largest pre-loved fashion marketplace, has launched its own venture capital (VC) arm, marking a new entrant into the º£½ÇÊÓƵ's fast expanding re-commerce and resale market
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Ladbrokes owner Entain appoints new permanent chief executive
By City AM
The new boss has twice served as interim CEO and is now stepping into the role on a full-time basis.
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Bank of England risks 'killing' London's potential to become global hub for stablecoins
By City AM
London's dominance of the foreign exchange market could pave the way for the capital to become the "Eurodollar market for stablecoins" according to a report by Innovate Finance.
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