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Professional Services
Lloyds Banking Group faces profit dip amid rising costs and Trump's tariff policies
By City AM
Lloyds has reported a seven per cent drop in profit as the bank's operating costs surged in the first three months of the year, adding that it has set aside more provisions for bad loans after a tariff tumult
Bookmark
True Potential makes £100m compensation available for clients negatively impacted by transfers
Finance
Steve Hutton, chief executive officer of True Potential Wealth Management, said the business had not always given clients adequate information about the transfer of their investments
Bookmark
Barclays boss breaks with Lloyds, Natwest and HSBC on major º£½ÇÊÓÆµ banking regulation
By City AM
Barclays chief executive CS Venkatakrishnan has broken with his FTSE 100 peers to call for the º£½ÇÊÓÆµ's ring-fencing regulation to remain in place, arguing the benefits of protection outweigh the costs of implementing and administering the system
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Santander º£½ÇÊÓÆµ's provisions surge as backlash against bank's branch closures rises
By City AM
Santander º£½ÇÊÓÆµ's provisions for liabilities and charges rose 69 per cent to £140m in the first quarter of the year, as the bank prepares to close 95 branches in June
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Chancellor unveils new crypto rules as she promises to back º£½ÇÊÓÆµ fintech
By City AM
The º£½ÇÊÓÆµ Treasury is set to unveil new crypto regulation, after Chancellor Rachel Reeves pledged to support the fintech industry in a landmark speech on Tuesday
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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.
Bookmark
HSBC shares rise after bank unveils $876m loan loss provisions amid trading chaos
By City AM
HSBC shares rose as the London-based bank unveiled its first quarter results, which showed a big jump in loan loss provisions amid escalating trade war tensions
Bookmark
Tata subsidiary º£½ÇÊÓÆµSE exceeding targets on support to firms following ending of heavy steelmaking in Port Talbot
Banking & Finance
Its ongoing support programme has invested £3m since being launched last yeaer
Bookmark
º£½ÇÊÓÆµ's major banks brace for earnings amidst Trump's tariffs and rate cuts
By City AM
The FTSE 100's 'Big Five' banks will deliver a combined £30bn in cash returns to shareholders in 2025, according to analysts.
Bookmark
North East businesses face more than 500,000 invoices in Q1, figures show
Finance
Data from Creditsafe also shows the number of overdue invoices rocketed by 21% year-on-year in the first three months of the year
Bookmark
People on the move: key North East appointments and promotions
Appointments
Companies featuring in this week's round-up include Muckle LLP, Newcastle Building Society, Bernicia, C arney Consultancy and SPG Resourcing
Bookmark
BCRS Business Loans ramping up lending activities to Welsh SMEs
Deals
It manages the small business debt element of the British Business Bank's £130m Wales Investment Fund
Bookmark
FTSE 100's winning streak at risk as White House 'clouds' market sentiment
By City AM
The FTSE 100's winning streak is on the line as the blue-chip index slid into the red, ending an eight-day consecutive run of gains
Bookmark
St James's Place loses £3.3bn as investors continue to pile in
By City AM
The º£½ÇÊÓÆµ's largest wealth manager saw its assets under management fall during the quarter for the first time in years, as turmoil in the stock market impacted investments
Bookmark
Revolut's profits soar to £1bn amid global expansion and fintech boom
By City AM
The fintech darling boosted pre-tax profit growth of 149 per cent to £1bn, up from £438m in 2023.
Bookmark
Tandem Bank: 'º£½ÇÊÓÆµ's greener digital bank' sees profits surge 40%
By City AM
Tandem's assets under management topped £1.5bn at the end of 2024 - a 5.2 per cent increase on the previous year.
Bookmark
Ford sets aside £61m over car finance claims
Professional Services
The American car manufacturer's British motor finance division has set aside cash as an 'estimated economic outflow'
Bookmark
Hargreaves Lansdown co-founder to rejoin board after £5.4bn takeover
By City AM
Peter Hargreaves, who helped set up the investment site in 1981 and stepped down as a director a decade ago, is set to rejoin the board in a non-executive role
Bookmark
Next wave of º£½ÇÊÓÆµ fintech to watch with Allica, Atom, and Tandem in the frame
By City AM
The º£½ÇÊÓÆµ's fintech scene is booming - and it's not just the household names that are making waves in the industry. Here are the next wave of fintechs to watch out for in 2026
Bookmark
Opinion: One year of Northern Powerhouse Investment Fund II – the start of something bigger
Professional Services
Louise Chapman, investment director and NPIF II Fund Principal at Praetura Ventures, on the success of the Northern growth fund
Bookmark
HSBC, Barclays, Lloyds: Mortgage price war as lenders go all out to win business
By City AM
A large increase in remortgaging was seen in the three months to December
Bookmark
US dollar under threat as Trump's trade war with China sparks 'global crisis'
By City AM
The dollar index on Thursday afternoon was 8.7 per cent below levels seen three months before as a new report warns of a 'global crisis'
Bookmark
Man Group sees $5.6bn withdrawn in just two weeks as hedge fund suffers 'brutal losses'
By City AM
Hedge fund Man Group saw its assets under management drop by $5.6bn (£4.2bn) in just two weeks during April as the firm saw "brutal losses" impact its financials
Bookmark
Barclays analysts: Weakened dollar and volatile policies hinder global market recovery
By City AM
Barclays analysts say a weaker dollar and higher US bond yields will limit the ability of the market to recover after the Trump tariff mayhem
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Professional Services
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Most Read
Most Recent
By City AM
Close Brothers announces strategic shift in lending, prioritising commercial insurance over personal lines
The lender said it would start to focus on insurance products designed for businesses, which the firm said offered better risk-adjusted returns and long-term growth potential
By City AM
Close Brothers announces strategic shift in lending, prioritising commercial insurance over personal lines
The lender said it would start to focus on insurance products designed for businesses, which the firm said offered better risk-adjusted returns and long-term growth potential
Accountancy firm Bishop Fleming opens Exeter office
Offices
The new office is the second-largest in the company's network and employs more than 100 staff
The latest acquisition and equity investment deals in Wales
Banking & Finance
Firms featured include Amotio, Draig Therapeutics, Ceryx Medical, Pink Storage and B Fit Group.
Law firm launches new planning practice in Birmingham
West Midlands
Freeths expands services with plans to grow team in the city
Revolut launches stocks and shares ISAs, partners with top fund managers for º£½ÇÊÓÆµ customers
By City AM
The digital banking giant has expanded its investment offering into stocks and shares ISAs for º£½ÇÊÓÆµ customers
Most Read
Most Recent
By City AM
FTSE 100 darling Rolls-Royce set to smash through latest milestone
Rolls-Royce shares are set to be worth £10 each for the first time in the next few weeks
Plans for glass bottling factory in Ebbw Vale creating 600 jobs abandoned
Manufacturing
Ciner Glass said the project is no longer commercially viable
North East investment company Develop North launches new growth strategy
property news
The company launched by Tier One Capital says devolution and overseas investment have made the region ripe for investment
South West Water to pay £24m for wastewater spills
Environment
Water regulator Ofwat said an investigation found a 'range of failures' at the Exeter-based company
º£½ÇÊÓÆµ's 'digital economy' is a 'digital illusion' with firms using outdated tech
By City AM
A new report has warned that the º£½ÇÊÓÆµ's digital economy is at risk because businesses are still relying on outdated, paper-based verification processes
By City AM
Royal Mail delivery times slashed as Ofcom relaxes rules
From the end of July, Royal Mail will be allowed to deliver second class letters on alternate weekdays, Monday to Friday, instead of six days a week, under new rules from Ofcom.
Page Group reports significant profit drop amid challenging º£½ÇÊÓÆµ job market conditions
By City AM
The London-listed recruiter said it still expected full-year operating profit to fall in line with current guidance of around £22m
New owners of Gloucestershire Airport to invest millions in site and create jobs
Gloucestershire
Horizon Aero Group, a new º£½ÇÊÓÆµ-India joint venture, has been named as the preferred bidder for the transport hub
Simister Island project approved: Five lanes and new set for key motorway interchange
Transport
The junction has been earmarked for a major overhaul for years
Safety communications business aims for US and European growth after winning NPIF II investment
Tech
Audiebant's systems deliver messages in emergency situations