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London

13:05, 21 MAY 2025

Deloitte ��Ƶ staff bonuses to be determined by 2025 performance after 'lagging behind'

The Big Four firm's revenue for the year ended 31 May 2024 increased by more than two per cent; however, its profits stalled, and several of its businesses, including its consultancy arm, decreased in revenue

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Easyhotel slashes losses as it edges toward profit after Covid-19 pandemic

The London-headquartered budget hotel chain has posted a pre-tax loss of €1.8m for 2024, down from the €10.5m it reported for 2023, as it returned towards profit for the first time since before the Covid-19 pandemic

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Lloyds Banking Group boss grilled over motor finance scandal

Chief executive Charlie Nunn said the bank had not seen "evidence of harm" from its operation in the motor finance market, but had made provisions for a potential Supreme Court ruling

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British Gas owner sells 46.25% of North Sea gas field stake to Ithaca Energy, boosting shares

The deal will see Spirit Energy - a subsidiary of Centrica - offload its 46.25% stake in the site for around £215m to Ithaca Energy

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Upper Crust owner SSP Group sees shares jump as profits climb amidst global expansion

The FTSE 250 firm recorded £45m in operating profit - up 20 per cent growth from the first six months of 2024, while revenue soared

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Smiths Group shares rise as it posts strong third quarter revenue growth

The FTSE 100 engineering group said it was on track with its demerger plans

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Natwest and Lloyds to cash in as Chancellor hints at ring-fencing reform

Rachel Reeves has told top bank bosses she is "open-minded" to ditch the ring-fencing regime imposed on major banks, after HSBC, Lloyds, Natwest and Santander lobbied her to scrap the 15-year-old legislation last month

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M&S cyber attack: ��Ƶ firms face long-term fallout as cyber crime soars

New data from Hiscox has revealed the long term brand and commercial damage from breaches has more than doubled in the past year, underscoring the mounting risks in an AI-driven threat landscape

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Pret A Manger boss says some prices will rise after surviving 'near-death crisis'

Pret A Manger's ��Ƶ boss has warned that some price rises are "inevitable" as the sandwich chain deals with rising costs and the Chancellor's decision to up the National Minimum Wage.

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Ofwat offers 'capped liabilities' to investors as it seeks £50bn for water upgrades

The water regulator is looking for more than £50bn from investors to upgrade the ��Ƶ's second-rate water infrastructure as the National Audit Office (NAO) has said it would take 700 years at the current rate to complete the essential upgrades

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Landsec profits climb 5% amid push into residential and retail property

The property investment group, which owns the Bluewater shopping centre in Kent, said profit before tax rose to £395m in the year to March 31 from £341m the previous year

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Natwest shares hit decade high as government continues to reduce stake

The government is continuing to reduce its stake in the lender, with the FTSE 100 giant's stock up nearly 1% and touching highs of 498.8p

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Direct Line suffers shareholder revolt over huge payday for insurance giant's chief

Direct Line Group has seen 36.5% of shareholders vote against the directors' remuneration report after it was revealed that chief executive Adam Winslow was paid more than £7.8m for the firm's latest financial year

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Zopa Bank raises £80m in bond listing as it prepares for current account launch

The lender, which will convert to an unlisted public company within six months of the transaction, is gearing up to launch current accounts

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CMA launches probe into Aviva's £3.7bn Direct Line takeover

The CMA has begun its phase one inquiry to establish whether the deal would result in a 'realistic prospect of a substantial lessening of competition'

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Investors optimistic as Burberry shares climb 8% after reporting first loss since financial overhaul

The luxury fashion group reported a reported operating loss of £3m for the 52 weeks ended March 2025, its first loss in over a decade

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M&S to claim up to £100m from cyber insurance policy after major data breach

Marks and Spencer is set to claim as much as £100m from its cyber insurance policy after a major data breach that disrupted operations and led to the theft of some customer data

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Thames Water bosses defend £770,000 bonus payouts as pollution incidents rise

Chief executive Chris Weston and Chair Sir Adrian Montague are spearheading a turnaround at the crisis-hit utility, which narrowly avoided bankruptcy earlier this year

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Treasury woos Monzo and Revolut bosses amid plea for London listings

The Treasury has hosted a meeting with top ��Ƶ fintech names including Monzo and Revolut in a bid to convince the country's most valuable unicorns to list on the London Stock Exchange.

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Barclays share price surges to near decade high after upgrade

The lender has gained over 17 per cent since the beginning of 2025 and 46 per cent over the last 12 months.

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FCA to 'put the public back in IPO' after brutal few years for London Stock Exchange

The Financial Conduct Authority has told industry stakeholders at the London Stock Exchange's annual IPO Forum that it would "put the P back into IPO," sources attending the event told City AM

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Giffords Circus founder returns to lead business in 25th year

The traditional travelling circus is currently touring the south of England with its Laguna Bay tour

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Unemployment rate hits near four-year high as wage growth falls

The Office for National Statistics (ONS) said the latest official figures showed further signs of a “cooling” labour market

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Brent Cross shopping centre in London taken over in £200m deal

The deal will see Hammerson raise its stake in the shopping centre to over 90 per cent

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