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Fintech giant Wise follows on from Invidior and ditches London Stock Exchange
By City AM
Payments giant Wise has dealt a fresh blow to London's under-fire capital markets after confirming plans to switch its primary listing to the US
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Mitie in £366m offer for Lord Ashcroft-founded firm as revenue soars
By City AM
The FTSE 250 firm said the takeover of the AIM-listed testing and inspection group would deliver £30m of cost synergies as part of its full-year results today
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'At most one new operator' can move in to East London Eurostar depot
By City AM
The Office of Rail and Road (ORR) has been assessing capacity at Temple Mills International depot after Eurostar claimed it was "basically full"
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Babcock shares soar to highest price in more than a decade after doubling in 2025
By City AM
The FTSE 100 engineering services giant has seen its share price rise by more than 100% this year alone
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Mastercard AI boss warns of surge in fraud attempts as retailers feel cyber attack sting
By City AM
Greg Ulrich, chief data and AI officer at Mastercard, said the payments network is "attacked perpetually" by fraudsters
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British American Tobacco says US business has returned to growth
By City AM
In a trading update, the company said its combustible products - cigarettes and cigars - are expected to return to growth in the first half of the year
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Monzo's latest financial results set it up for blockbuster IPO
By City AM
The º£½ÇÊÓƵ fintech veteran broke another milestone in the last 12 months after topping £1bn in annual revenue.
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IG Group pioneers crypto trading for retail investors as º£½ÇÊÓƵ's first listed company
By City AM
IG Group has become the first º£½ÇÊÓƵ-listed company to launch crypto trading to retail investors, with the FTSE 250 firm debuting the feature amid a surge in policy pitches meant to woo digital currency investors.
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M&S chief executive's pay swells to more than £7m before cyber attack
By City AM
Stuart Machin took home just over £7m for M&S's latest financial year, up from the £5m he received for the prior 12 months, the retailer's annual report has revealed
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HSBC pumps $4bn into private credit funds as banking 'arms race' intensifies
By City AM
HSBC has pumped $4bn into its asset management arm to spearhead a private credit pivot that will see the bank build a $50bn credit platform in the next five years.
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Monzo smashes £1bn revenue barrier as it reports second consecutive year of profit
By City AM
The º£½ÇÊÓƵ's seventh largest bank by customer numbers, Monzo, has been the buzz of the City in recent weeks after reports it was gearing up for a blockbuster £6bn IPO, and the firm's latest financials will do little to dampen that speculation
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Yo! Sushi loses more than £20m as owner is bought in £500m deal
By City AM
Delayed accounts show the sushi chain reported a pre-tax loss of £22.6m in the year to March 31, 2024, after its turnover totalled £138.3m for the same period
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From fintech favourite to financial struggles: Starling Bank faces a tough road ahead
By City AM
Starling, Monzo and Revolut entered the banking scene over a decade ago - but as two continued their charge, one faltered - here's a look at the rise and fall of one of the º£½ÇÊÓƵ's most exciting fintechs
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Trainline's CEO pay more than doubles to £5.6m after bumper year
By City AM
Jody Ford has taken home £5.6m, having been remunerated to the tune of £2.4m for the prior 12 months
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BoE rate-setter advocates for interest rate cut, predicts inflation spike will subside
By City AM
Bank of England Monetary Policy Committee (MPC) member Alan Taylor has called for a further interest rate cut, insisting that the recent spike in inflation will be short-lived
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Barclays and HSBC shares jump after Trump's legal blow to tariffs
By City AM
The FTSE 100 was up 18 points as markets opened to the news but quickly reversed gains trading broadly flat.
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John Lewis gets go-ahead to build hundreds of homes in West London
By City AM
The John Lewis Partnership has received planning consent from Ealing Council for the redevelopment of Waitrose West Ealing, which will see the creation of 428 homes
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Fast fashion giant Shein eyes Hong Kong IPO as London listing stalls
By City AM
Shein is reportedly working towards a Hong Kong initial public offering (IPO) after failing to secure approval from Chinese regulators for its London listing
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Starling Bank's profits tumble as tougher competition takes toll
By City AM
Starling said it had been hit by higher costs as it ramped up its investment levels in a more competitive fintech market, with staff expenses a major factor in the increased expenses
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HSBC intensifies European downsizing, slashing investment bank roles amid strategic Asian pivot
By City AM
The bank reportedly cut more than two dozen investment bank jobs in Europe, with the cull including the head of fixed income research for the Middle East and North Africa
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The Telegraph set to be sold in £500m deal after two years of uncertainty
By City AM
The 170-year-old newspaper has been at the centre of a tug-of-war between Redbird Capital and the government, but the US firm is now set to complete the deal
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Rio Tinto boss announces he will step down after four years with mining giant
By City AM
Jakob Stausholm has led the FTSE 100 mining giant since early 2021 and a "rigorous selection process" will now be pursued, the company said in a statement
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Poundland set to be sold by Pepco for just £1 as discount retailer struggles
By City AM
Poundland has been put up for sale by parent company Pepco after it said the business continued to face "challenging trading conditions" and that it was "actively exploring" exit options
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BT hikes dividend as profits rise - but shares fall on gloomy outlook
By City AM
The company has declared a final dividend of 5.76p per share, bringing its full-year dividend to 8.16p, an increase of two per cent on the previous year
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