Aberdeen shares slide as outflows widen March 3, 2026 Aberdeen shares slid as its Interactive Investor performance failed to offset persistent outflows elsewhere. The firm’s share price fell 7.3 per cent to 204p in early morning trading, as persistent outflows from its Adviser business dampened overall investor sentiment. Total assets under management and administration (AUMA) grew nine per cent to £556bn from £511.4bn, off [...]
UK gas prices spike over 90 per cent amid US-Iran war March 3, 2026 Gas prices in the UK have nearly doubled as the war between US and Iran ramped up since the weekend. The price of UK wholesale gas prices – which reflect the costs energy suppliers pay to producers for natural gas before selling to household and businesses – has rocketed by 93 per cent in just [...]
Spring Statement Live: UK growth cut for 2026 but Reeves touts future forecasts March 3, 2026 Welcome back to the City PM liveblog. Rachel Reeves delivered her Spring Statement today, as the Office for Budget Responsibility published its updated forecasts for the years ahead. The Chancellor was handed quite a hefty blow with the UK’s growth estimate for 2026 slashed to 1.1 per cent from 1.4 per cent the year prior. [...]
Reeves delivers Spring Statement as war rages and markets tremble March 3, 2026 Spare a thought for Rachel Reeves. She had hoped to make a Spring Statement that nobody noticed and yet today she has to deliver it as war rages in the Middle East, triggering warnings of energy price shocks, instability and inflation. There is a very real prospect that the economic forecasts to which the Chancellor [...]
AI-fuelled plumbing boom is luring in private equity March 3, 2026 AI has made trades like plumbing alluring not just to jobseekers, but private equity investors, writes Susannah Streeter.
Meet Reeves’ outsider tasked with steering the City to growth March 3, 2026 The City has rolled out the red carpet for the banking watchdog’s new chief after Katharine Braddick, a seasoned veteran of the financial trenches, was named on Friday as the successor to Sam Woods. For a cool £314,000 a year, she’s set to take on the brief of steering the UK’s banking sector. Chancellor Rachel [...]
Reeves to deliver ‘stability’ Spring Statement amid turmoil in Iran March 3, 2026 Chancellor Rachel Reeves is set to deliver a Spring Statement trumpeting the UK’s economic stability against the backdrop of a war in the Middle East, with official forecasts expected to touch on lower growth, falling inflation and higher unemployment over the coming months. In an address to the House of Commons around 12.30pm today, Reeves [...]
Zurich to leverage Beazley’s Lloyd’s platform for global expansion March 2, 2026 Zurich Insurance Group has reached a formal agreement to acquire FTSE 100 giant Beazley, aiming to create a global leader in speciality insurance. Under the terms of the deal, Beazley shareholders will be entitled to receive a total of 1,335p per Beazley share, which puts the cost of the deal at around $10.9bn (£8.14bn). The [...]
Dow Jones slides as FTSE 100 extends losses amid Iran strikes March 2, 2026 Wall Street joined Europe as markets opened on Monday with losses spread across the board as tensions escalated across the Middle East. The Dow Jones dropped nearly one per cent on open to 48,534.58 whilst the S&P 500 shed around 0.7 per cent to 6,828.47. The tech-heavy Nasdaq tumbled 0.7 per cent to 22,505.32. In [...]
Lawyers raise red flags over Labour’s non-compete shake-up March 2, 2026 The future of non-compete clauses in the UK is at a crossroads, with the government considering major reforms, but lawyers warn that this could lead to unintended consequences for both businesses and workers. Non-compete clauses in the UK restrict employees from joining competitors post-employment, but are enforceable only if reasonable in scope, duration, and geography to [...]
