Shawbrook weighs Aldermore bid as Firstrand looks to offload challenger bank May 25, 2026 Shawbrook is reportedly weighing up a merger with rival Aldermore after its owner put the challenger bank up for sale. The lender, which debuted on the London Stock Exchange last year, is in the early stages of considering a takeover, according to Sky News’ Mark Kleinman. South Africa-based financial services group Firstrand, which bought Aldermore [...]
Oyster Shed: Jeremy Clarkson’s Hawkstone helps pub chain Young’s to biggest day of takings in 200 years May 22, 2026 One of the Square Mile’s best-known watering holes has marked the biggest single day of takings of any venue owned by pub chain Young’s since it was founded nearly 200 years ago, City PM can reveal. And the Oyster Shed had a helping hand from one of the best-known names in UK television: Jeremy Clarkson, [...]
No, London’s economy hasn’t lost its lustre. Here’s why May 21, 2026 The FT has once again remembered to write about London, the city in which the paper was founded and where the lion’s share of its staff, and its readership, is based. Though it turns out the pink’un hasn’t many nice things to say. London’s economy has lost its lustre, the paper writes. Among the evidence [...]
‘We’ll keep acquiring’: Young’s sets sights on buying up dozens more London pubs May 21, 2026 One of London’s biggest pub chains has said it wants to buy up dozens more pubs after cheering the success of recent takeovers. Young’s, which currently operates around 280 pubs across the country, has set a medium-term target of expanding its estate to 350 pubs. The group has been on a major acquisition spree over [...]
The Square Mile gets its fourth City Minister – could it soon get its fifth? May 20, 2026 Four City minsters later, in this week’s column Samuel Norman takes a look at the blow to the Square Mile from the latest reshuffle. Also on the agenda: Revolut’s plans for the high net worth faces off with ambitions of incumbents. “Look for the girl with the sun in her eyes…” So goes the lyrics [...]
Tortilla Mexican Grill admits multi-million accounting blunder May 19, 2026 Shares in Tortilla Mexican Grill tumbled in early trade on Tuesday after the firm admitted to a multi-million pound accounting blunder. The AIM-listed business said it identified £2.5m of spending in its French arm which was “not expensed through the profit and loss account,” meaning it previously overstated its profits for 2025 and in doing [...]
Kainos shares lift as revenue surges on bumper NHS contract wins May 18, 2026 One of Northern Ireland’s biggest technology firms has posted a surge in revenue on the back of a spate of NHS contract wins. Belfast-based IT services provider Kainos reported a 17 per cent rise in revenue to £431.1m for the year to end March, led by a 55 per cent jump in turnover from healthcare [...]
As it happened: IMF lifts UK GDP and stocks reverse losses as bonds warned of ‘correction’ May 18, 2026 Welcome back to the City PM liveblog. The bond market is taking a breathe after mountains of pressure on Friday. The UK’s borrowing costs hit their highest since 2008, charging to 5.17 per cent during one part of the day’s trading session. This was topped once more on Monday morning, but since then yields have [...]
City sounds alarm on £40bn foreign M&A offensive targeting ‘cheap’ UK firms May 15, 2026 A group of City grandees has sounded the alarm on the wave of foreign firms picking off rivals from London’s stock market, after a flurry of unsolicited offers took the combined value of UK companies poised to leave Britain’s ailing bourse to £43bn. Some 22 listed companies have already accepted or received bids that would [...]
As it happened: UK borrowing costs rattled by Burnham’s Parliament bid May 15, 2026 Welcome back to the City PM liveblog. Andy Burnham has made his move – and it has left markets on edge. On Thursday evening, after markets had closed, a Labour MP sensationally announced their intention to stand aside to allow Burnham to make his way back into Parliament. And this morning it’s left gilt yields [...]
