Bank of England interest rates hit 5%
Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008
London house market faces ‘slowdown’ as BOE risks overdoing rate rises
Rob Perrins, one of the longest-serving CEOs on the FTSE 100, does not expect house prices to fall
Revolution Beauty in legal fight with ex-boss over share suspension
Revolution shares have been suspended since September of 2022 after it couldn’t get auditors to sign off on its accounts
Billionaires demand more space at the top of London’s property market
Signs are that bigger homes mean the super-rich are using the capital as their primary residence
Capital flows through London like the Thames. Don’t divert it
City voices: Too much of that capital is flowing off elsewhere these days
Ashtead backs its London listing as US business drives profits
“We remain happy where we are,” its CEO Brendan Horgan tells The Standard
Latest floats are good news, but London’s IPO sector isn’t back yet
City Comment: Even two swallows do not make a summer
M&G eyes further costs savings as City redundancies hit its target
Assets under management up £2 billion, driven by UK investors despite ‘mini-Budget crisis’ in September
Investors take fright as inflation shock fuels rate-rise fears
Core inflation rose to its highest level in 30 years
Ryanair flies back into profit and warns of higher prices ahead
Michael O’Leary on course for €100 million payout as shares take off
Auditor says Alphawave profits were $7m less than previously reported
Alphawave’s shares have been suspended since the end of April
National Grid calls for ‘agile’ regulation in green power push
Electricity newtork’s CEO tells The Standard that this winter’s measures to cut demand were a ‘glimpse of the future’
PurpleBricks, once worth £1.4bn, bought by Strike in £1 rescue deal
Chairman Paul Pindar said: “I am disappointed with the financial value outcome… However, there was no other proposal or offer which provided a better return.”
Return of the SPAC? Franklin raises $550m war chest with London IPO
SPACs surged in popularity in 2020 and 2021, but have been a rarity since
The Hut Group shares plunge as it quits Apollo takeover talks
THG founder Matt Moulding said the deal fell apart because of the level of control Apollo wanted
Cost-of-living crisis makes UK workers restless for new jobs
London at the forefront as new research points to pent-up demand in a tight labour market
The City remains a beacon of innovation for stock listings
Moves off market show London is innovating, not dying
National Express’ new name is bland and meaningless. Get used to it.
City Comment: Mobico sounds like a toy brand, but it’s probably here to stay
NHS outsourcer Capita says cyberattack cost it up to £20 million
Capita was hit by a ransomware attack in late March
Compass profit over £1 billion as sport fans and office workers return
World’s biggest contract caterer backs London listing as it shifts its reporting currency to dollars
International sales help Bentley profits approach record highs
Bentley made the state limousine that is likely to bring King Charles III around London over the Coronation weekend
Shell’s £8 billion profit stokes calls for more taxes
Anglo-Dutch oil major to return £3.2 billion to investors
Unilever shareholders revolt against CEO’s €5.1 million pay packet
Shareholders representing 58% of voting shares rejected the policy
Changing rules won’t solve all the City’s listing problems
City Comment: Will technical tinkering persuade the next ARM to favour London over Wall Street? Probably not
City braces for new rules to transform London stock market
Watchdog unveils long-awaited plans to simplify rules over raising money in London
Lloyds Banking Group is the latest UK lender to beat profit forecasts
The UK’s biggest single mortgage lender is the latest bank to beat profit forecasts
BP reports blockbuster profit but shares fall as it trims cash return
Shares in the FTSE 100 oil major fall as rate of share buybacks also eases
Deutsche Bank to buy Numis for £410m to get closer to top London firms
Some jobs could be lost in the deal, but Deutsche said these losses are “not expected to be material”.
Deutsche’s Numis swoop is a show of faith the City sorely needs
City comment: The £410 million takeover is intriguing. It’s also a relief.
Rise in mortage lending lifts NatWest profits
Shares fall as publically owned lender leaves annual profit guidance on hold
Primark price rises ‘nearly through’ says CEO
Budget fashion chain adds to hopes inflation has peaked as it looks ahead to future price cuts
Bank panic leads to £55 billion in outflows at Credit Suisse
Extent of bank run highlights City job fears into the shotgun marriage with UBS