Chief executive says primary insurers could simply choose to buy less cover
Sales include stakes in Commerzbank, NatWest, ABN Amro and Monte dei Paschi di Siena
‘Project Willow’ drawing up alternatives for refinery ahead of planned 2025 closure
Wood Mackenzie says sector risks being ‘fatally wounded’ by the government
How Britain’s insurgent right-wing broadcaster scrambled to cover a tumultuous summer
Interim executive chair says he has launched an ‘independent’ investigation
Sovereign fund invests through share sale that nets London-based fintech founder Nik Storonsky at least $200mn
The Financial Conduct Authority has expressed worries that some products may be poor value
Group was preparing for solvent exit had it not secured funding this summer
Taxation can affect banks’ ability to lend
Competition and Markets Authority says deal could lead to higher bills for tens of millions of customers
Incoming CEO Richard Oldfield must weigh asset manager’s strategy, future in China — and even continued independence
Deal for holding in Cornerstone joint venture comes as telecoms groups monetise infrastructure assets
Modern apprenticeships offer students an alternative route to qualification
Budget airline chief joins Ryanair head in calling for Martin Rolfe’s dismissal
London-based company looks to expand luxury offerings as art market weakens
Government in talks with investors in clean energy to fill gap left by declining North Sea oil sector
Multi-brand outlets pledged by industry to City minister
New byelaws proposed as insurance market battles poor reputation for participant conduct
Retailer expects ‘significant uplift’ in full-year profits
Decision by UK Supreme Court to overturn earlier ruling welcomed by shop workers’ union
Ticket-booking site hails ‘strong performance’ after enjoying growth in continental Europe
Bank of England delays start date for revised framework by six months to beginning of 2026
Tata Steel plans to replace its Port Talbot blast furnaces with a less-polluting electric arc furnace
Owner of right-leaning New York Sun has emerged as part of one of three groups bidding for London title