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London finance news, trends & insights

Aldi

Woah! Aldi's brand value beats Tesco's for the first time

Thu, 28 May 2015| By Shruti Tripathi Chopra

Supermarket chain Aldi has gained a lot from Tesco’s losses.

City drowning London underwater debt apocalypse

The drowned world: Goldman Sachs warns global economy is sinking under debt

Tue, 26 May 2015| By Harry Cockburn

Creative new policies are required to deal with mounting debt problems, bank warns

O2

O2 signal loss leaves thousands of customers frustrated

Tue, 26 May 2015| By Shruti Tripathi Chopra

Thousands of O2 customers were left frustrated today after they lost signal on their phones.

Bernie Ecclestone

Bernie Ecclestone is trying to wriggle out of a £1bn tax bill

Fri, 22 May 2015| By Robyn Vinter

F1 tycoon is going to court to challenge the bill

Nationwide - Nationwide to enter SME lending market

Nationwide profits up 54% to £1.04bn and is now second biggest mortgage lender

Fri, 22 May 2015| By Robyn Vinter

It’s been a great year for the building society

Sir Stelios Haji-Ioannou

Can billionaire Sir Stelios's start-up, easyProperty, transform how we buy property?

Thu, 21 May 2015| By Shruti Tripathi Chopra

How does easyProperty plan to compete in the very crowded space of property agents?

Burning cash

Revealed: The UK's 10 biggest banking fines

Thu, 21 May 2015| By Shruti Tripathi Chopra

As the world’s five largest banks set to fork out $5.7bn (£3.6bn) in fines

Barclays bank

Barclays hit with £1.53bn penalty - the biggest bank fine in UK history

Thu, 21 May 2015| By Shruti Tripathi Chopra

The world’s five largest banks are together set to fork out $5.7bn (£3.6bn) in fines.

Tom Rippin On Purpose

Want a career with a purpose? This might be what you need

Thu, 21 May 2015

Tom Rippin, founder of social enterprise On Purpose, explains

Wonga

Wonga has finally got rid of those annoying puppet ads

Tue, 19 May 2015| By Robyn Vinter

The payday lender has opted for a more sober impression

David Cameron at party conference

Could Cameron make a drastic new move on bankers’ pay?

Tue, 19 May 2015| By Robyn Vinter

Perhaps, if a former adviser has his way

Barclays bank

Uh oh! Barclays set for £250m fine – the biggest EVER

Mon, 18 May 2015| By Robyn Vinter

British bank in hot water with record-breaking fine

New Look

South African billionaire snaps up New Look for £780m

Fri, 15 May 2015| By Shruti Tripathi Chopra

South African billionaire Christo Wiese has bought fashion chain New Look for £780m.

Lloyds banking group

We now own less than 20% of Lloyds

Tue, 12 May 2015| By Robyn Vinter

Government sells shares

Bank of England frozen

How embarrassing! Bank of England makes a £13.4bn blunder

Thu, 7 May 2015| By Shruti Tripathi Chopra

Bank of England officials have misstated sales of UK government debt by £13.4bn.

Dollar

These are the world's 10 biggest companies

Thu, 7 May 2015| By Shruti Tripathi Chopra

Apple NOT in the top 10 list

Sports Direct founder Mike Ashley

Billionaire Mike Ashley's Sports Direct HQ raided by police

Wed, 6 May 2015| By Shruti Tripathi Chopra

British billionaire Mike Ashley’s Sports Direct HQ was raided by the police as part of an investigation into ownership of Scottish football club Glasgow Rangers.

Tesco - trouble - gloomy sky

Tesco's brutal boardroom cull: two more directors quit

Wed, 6 May 2015| By Shruti Tripathi Chopra

Ken Hanna and Stuart Chambers, non-executives directors on Tesco’s board, have quit the supermarket chain.

one pound

Alessio Rastani: The UK elections could bring bad news for the British pound

Wed, 6 May 2015| By Alessio Rastani

From the man who told the BBC that “Goldman Sachs rules the world”…

Briefcase full of money cash

Revealed: The top 10 highest-paid CEOs in the FTSE 100

Tue, 5 May 2015| By Shruti Tripathi Chopra

The pay packets of the top 10 highest-paid CEOs in the FTSE100 are probably more than what we will earn in our lifetimes.

Sir Terry Leahy

Sir Terry Leahy's firm is plotting a £2bn bid for New Look

Tue, 5 May 2015| By Shruti Tripathi Chopra

Sir Terry Leahy’s investment firm Clayton Dubilier & Rice (CD&R) is plotting a £2bn bid to buy up fashion chain New Look.

Ed miliband sideways 345

Miliband trips, Cameron trumps: 5 punchy nuggets from Question TimeVideo

Fri, 1 May 2015| By Harry Cockburn

Crowd steals the show, ripping into Cameron and Miliband, and baying for Clegg’s blood

Len Blavatnik

6 key facts about Britain’s richest person Len Blavatnik

Mon, 27 Apr 2015| By Shruti Tripathi Chopra

How many billions did he add to his wealth in 2014?

HSBC bank building

Bye bye Britain? HSBC might move HQ out of London

Fri, 24 Apr 2015| By Shruti Tripathi Chopra

HSBC could move its HQ out of London following a review into its “regulatory and structural reforms”.

Barclay Brothers

Barclay brothers sell Claridge’s, The Berkeley & The Connaught to Qatar

Fri, 24 Apr 2015

What else does Qatar own in Britain?

Powerful man

The top 10 most influential people in the City

Thu, 23 Apr 2015| By Shruti Tripathi Chopra

How many women on the list?

Stock market crash down graph trading shares

Flash crash (wallop): UK trader arrested over 2010 Wall Street micro-crash

Wed, 22 Apr 2015| By Harry Cockburn

US wants to extradite Navinder Singh Sarao for share price manipulation

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