Lloyds Bank forks out compensation after tech glitch hit nearly half a million March 27, 2026 Nearly half a million Lloyds Banking Group mobile app users were hit by the firm’s major tech glitch earlier this month with the bank now dishing out compensation payments to some of those affected. Up to 447,936 customers of Lloyds and group subsidiaries Halifax and Bank of Scotland saw other rogue transactions across their accounts [...]
Retail sales fall as Brits cut back on supermarket spending March 27, 2026 Retail sales fell in February, as low spending in food and household goods stores could not offset the strong performance of online sellers. The quantity of goods bought in February fell by 0.4 per cent, down from the surprise two per cent rise in January, which was revised up from 1.8 per cent, according to [...]
FTSE 100 Live: Stocks slip; Justeat caught in CMA crackdown on reviews March 27, 2026 Good morning and welcome back to the City PM liveblog. Another pause has been slapped on Donald Trump’s pledge to “obliterate” Iranian power plants, should the nation not re-open the Strait of Hormuz. The President took to social media last night and said talks between the US and Iran were “ongoing” and “going very well,” [...]
Cole Palmer: Why Chelsea and England star trademarked ‘Cold Palmer’ celebration March 27, 2026 With Cole Palmer set for the Fifa World Cup this summer, why did he choose to trademark his Cold Palmer celebration? City PM asked the team behind the move. “Intellectual property: intangible property that is the result of creativity, such as patents, copyright or other,” the Oxford Dictionary says. It’s something we’d expect to be [...]
The big problem with UK investment trusts March 27, 2026 UK investment trusts are one of the most important parts of our capital markets, but the sector is grappling with a big valuation problem.
Globalisation obituaries ‘hopelessly premature’ March 26, 2026 Boosting trade is the single best way to improve the long-term fortunes of the UK despite the economy being hit by a barrage of supply chain fractures and geopolitical shocks, the Bank of England’s former chief economist has said. In his first speech as president of the British Chambers of Commerce, Andy Haldane told delegates [...]
Nato: Starmer’s defence spending pledge lagging behind March 26, 2026 Sir Keir Starmer’s pledge to upgrade the armed forces is facing renewed scrutiny after official Nato figures suggested that spending in defence was lagging ahead of a crucial expenditure target in 2027. Starmer said last year that the government would increase spending on defence to 2.6 per cent of GDP from 2027. But Nato, the [...]
Prem Rugby Big Match Bonanza test of sport’s commercial aims March 26, 2026 This weekend will go far in helping onlookers assess how much progress Prem Rugby has made in recent years. Because on Saturday the first match since Australia beat Uruguay in the 2015 Rugby World Cup will take place at Villa Park in Birmingham. The geography is a little bit iffy given the home team – [...]
Next unveils huge development in £2.5bn economy boost March 26, 2026 Retail giant Next has unveiled a huge new development which it says will add £2.5bn to the economy, as the FTSE 100 firm invests over £300m in its warehouses. The firm has been granted planning permission to build a new 1.2m sq ft warehouse in its Elmsall complex in Yorkshire, with construction set to commence [...]
The Capitalist: RAC is not a roadside assistance firm March 26, 2026 Breakdown…in comms The Capitalist was shocked this week after being approached by a spokesperson for RAC, telling City PM off for referring to the company as a roadside assistance firm in a recent story. RAC is not, in fact, a roadside assistance firm, said the spokesperson, who was from PR company Brunswick. Which is funny, [...]
