KKR-backed fintech takes £13m hit from motor finance scandal March 10, 2026 A UK fintech backed by investment giant KKR has posted a hefty loss after being forced to set aside cash for the brewing motor finance scandal. Oodle Finanical Services recorded a pre-tax loss of £38m for the financial year ending 30 June 2025, after the firm was forced to set aside a whopping £12.8m in [...]
Football investors Mercury13 take majority stake in top flight Spanish club March 10, 2026 Women’s football multi-club group Mercury13 has expanded its ownership roster with the majority acquisition of Spanish Liga F side FC Badalona Women. The move brings the top-flight club into a portfolio which includes WSL 2 team Bristol City Women and Italian outfit FC Como Women. Lauren Holiday, chairwoman of Mercury13 and incoming board member of [...]
World’s top oil producer warns ‘catastrophic consequences’ after Iran threats March 10, 2026 The world’s top oil producer has warned of “catastrophic consequences” for the commodity’s global market after Iran threatened to block key shipping routes. Saudi Aramco – the state-owned national oil company of Saudi Arabia which controls over 270 billion barrels of reserves – has sounded the alarm that the Iran’s blocking of the Strait of [...]
Peak pizza? Domino’s profit dips amid weak sales March 10, 2026 Domino’s Pizza has suffered a 15 per cent profit slice as it contended with weak sales and a “challenging consumer backdrop”. While total turnover at the FTSE 250-listed pizza chain increased 1.5 per cent to £1.6bn, the like-for-like figure – excluding variables like VAT – inched up only by 0.2 per cent in the year [...]
Capita shares tumble as boss warns of declining margins March 10, 2026 Shares in one of the UK’s biggest outsourcing firms have plummeted after its boss warned of declining margins in the year ahead. London-based Capita, which offers support services in areas such as education, health and defence, warned markets it expected a “small decrease” in its operating margin after it swung to a pre-tax loss of £171m [...]
Persimmon: Housebuilder posts profit as property market ‘recovers’ March 10, 2026 Housebuilder Persimmon toasted rising profit and house completions, buoyed by a property market which it says is recovering from last year’s Budget slowdown. Persimmon notched rising profit before tax in the year to December 2025, up 11 per cent to £397m, and built 11,905 homes, up 12 per cent from the year before. Investors rewarded [...]
FTSE 100 Live: Stocks soar and oil dips as Trump says war is ‘very complete’ March 10, 2026 Good morning and welcome back to the City PM liveblog. It was a day of whiplash for global markets as they kicked off the new week. Stock markets from Europe to Asia and Wall Street sunk into the red on open as the price of oil rose at the fastest rate in six-years. Brent crude, [...]
Sound-proof booths are as important as AI for your office March 10, 2026 Your employees’ ability to concentrate is the biggest limiting factor on productivity, says Paul Armstrong Corporate leaders are pouring billions into artificial intelligence in pursuit of a long-promised productivity boom. Early evidence is suggesting the gains may stall for a surprisingly familiar reason: human attention. Research into what analysts now describe as ‘AI brain fry’ [...]
Cold wind of reality exposes Britain’s myths…and mistakes March 10, 2026 Crises reveal, and the illuminating effects of the latest Middle East war should leave us shuddering and ashamed. The nature of Keir Starmer’s government has been revealed; obsessing over the finer points of international law when our principal ally asked for our help. Starmer’s position has been exposed, too, with briefings suggesting he was more [...]
From start-up to scale-up: shifting the focus to support for female entrepreneurs March 10, 2026 As part of our partnership with Scale and the Women Who Scale initiative, City PM sat down with Sam Smith, the former chief executive of FinnCap, to discuss one of the key challenges holding back female start-up founders and what can be done to help female-led scaleups. While the spotlight often shines on the funding [...]
