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PwC ramps up office attendance monitoring with new traffic light system
By City AM
The Big Four firm has implemented a new monitoring system to ensure staff are adhering to its in-office requirements
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Zilch boosts loss provisions as customer numbers soar in 'record year' for º£½ÇÊÓƵ fintech
By City AM
The fintech last month said it had booked its first quarterly profit and surpassed a revenue run rate of £100m
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London landmark Kensington Roof Gardens faces £26m loss
By City AM
The venue has been popular with celebrities including Madonna, Freddie Mercury and Princess Diana
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London's capital markets are in the doldrums - but at least there's crypto
By City AM
The latest monthly capital markets report by Investec shows total equity raised in the º£½ÇÊÓƵ stood at just £810m in July - down more than 40 per cent compared to the same month last year
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Beazley reports profit decline amid rising catastrophe losses and falling insurance rates
By City AM
The specialist insurer reported a profit before tax of $502.5m for the six months ending 30 June 2025, down from the $728.9m reported in the first half of 2024.
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London office market enters 'firm recovery' as rents and values rise
By City AM
Derwent London has said the fundamentals of the London office market continue to strengthen despite a "volatile" economic backdrop.
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Administrators lined up for troubled Thames Water
Politics
The º£½ÇÊÓƵ's biggest water supplier says 'constructive' discussions with its stakeholders continue
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Law firm says 'record' results due to investment in people and tech
Company Results
Bristol-headquartered TLT employs 1,800 staff across a number of offices including Manchester, Birmingham and London
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º£½ÇÊÓƵ economy set for rebound after two months of contraction
By City AM
The Office for National Statistics is expected to post º£½ÇÊÓƵ growth of 0.2 per cent for June when the figures are released on Thursday, according to economists
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S4 Capital in merger talks with MSQ Partners after approach to Sorrell's agency group
By City AM
The digital advertising group said the talks were 'at a very preliminary stage' and stressed there was 'no certainty that a transaction will be forthcoming'
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Plus500 customer deposits more than double to record $3.1bn as wealthy investors pile in
By City AM
The London fintech said the average deposit held by an active customer stood at $17,250 by the end of the first half of the year, a jump of 105 per cent compared to 2024 in signs the company's strategy to attract higher value investors was paying off.
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Royal London reports robust profit growth and successful BPA market entry in first half of 2025
By City AM
The insurance company recorded a 15 per cent rise in pre-tax profit to £166m, compared to £144m in 2024, crediting its higher business sales and bulk purchase annuity buy ins.
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Clerkenwell Films reports £1.5m loss despite Baby Reindeer success on Netflix
By City AM
Clerkenwell Films has posted a pre-tax loss of £1.5m for the year to 31 March, 2025, down from a pre-tax profit of £2.7m in the prior 12 months
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Netflix º£½ÇÊÓƵ's profits soar as revenue approaches £2bn
By City AM
The streaming service's º£½ÇÊÓƵ arm reported pre-tax profits of £63m for 2024, up from the £60.6m it achieved in 2023 - the previous record
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Flutter raises profit guidance after record quarter driven by US boom
By City AM
The world's largest online sports betting operator saw revenues rise 16 per cent to $4.2bn (£3.12bn) in the three months to June 30, and earnings jumped 25 per cent to $919m
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º£½ÇÊÓƵ P&I Club expands presence with Newcastle office opening
Employment
The London based shipping insurance specialist is now recruiting into it new Quayside office
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Bank of England cuts interest rates
Bank Of England
Bank warns inflation will increase further
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Cocktail bar chain owed millions to OakNorth, HMRC before collapse
By City AM
The company has made at least 30 staff redundant alongside closing several sites as founder Nick Campbell battled to secure rescue funding to buy the company in a pre-pack administration deal
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Hiscox shares jump as firm hikes buyback despite huge wildfire losses
By City AM
Hiscox has posted a slight fall in interim profit as wildfire claims hit its reinsurance division, but the company increased capital returns on the back of substantial investment income
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Legal & General delivers solid profit growth after international expansion
By City AM
The company recorded a six per cent increase in core operating profit for the first half of 2025 after recording steady growth across all three of its business arms.
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High street bank triples profits by shifting focus to small business loans
By City AM
The bank recorded an underlying profit before tax of £45m in the six months to the end of June, up from £12.8m in the second half of 2024
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Bank of England's persistent 'groupthink' issue highlighted ahead of crucial interest rate cut
By City AM
The Bank of England's Monetary Policy Committee is expected to cut interest rates on Thursday
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Pandora hit by data breach as retailer confirms customer details were stolen
By City AM
The premium jeweller confirmed the attack on August 5, as the retail sector struggles to contain a surge in cyber attacks
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London cocktail chain Simmons enters administration after closing four sites
By City AM
The upmarket bar group, which had operated more than 20 venues across the º£½ÇÊÓƵ, has appointed advisory firm Kroll to oversee the administration, company filings show.
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