£6.1m Lottery Prizes Unclaimed in Lewisham and Bromley
Two National Lottery tickets worth £6,100,457 combined remain unclaimed in Lewisham and Bromley, including a £5.8m Lotto jackpot from September draws.
Category : City Finance
Uber drivers launch class action over AI pay algorithm
Uber drivers from the UK, Netherlands, and other EU countries have filed a landmark class action in Amsterdam, claiming the company's AI-driven pay algorithm breaches privacy laws and suppresses earnings.
Goldman Sachs London Pay Costs Up 21% on Trading
Goldman Sachs' London office saw compensation costs jump 21% to $3.9bn in 2023, driven by a surge in trading revenue. The bank's UK arm reported pre-tax profits of $1.4bn, up from $1.1bn, as markets rebounded.
Reform UK's tangled financial web: Farage, Cottrell, Tice
Guardian investigation reveals £5m gift to Farage, secret donations, and police interviews, exposing Reform UK's financial nexus.
Schroders Profit Jumps 28% to Record £868bn AUM
Schroders reported a 28% increase in pre-tax profit to £644.2m for 2024, with assets under management hitting a record £868bn, driven by strong investment performance and net inflows.
Gary Lineker urges Burnham to tax millionaires more
Gary Lineker and over 100 British millionaires sign a letter urging PM Andy Burnham to implement a wealth tax, arguing they can afford it and want to contribute to a fairer society.
Burnham cuts VAT on electricity bills by £45 a year
New UK PM Andy Burnham announces VAT removal on electricity bills, saving households £45 annually, funded by scrapping digital ID scheme.
Government issues Best Value Notice to Hillingdon Council
The Government has issued a formal Best Value Notice to Conservative-run Hillingdon Council over 'serious concerns' about its governance, financial management and organisational culture, following a bailout to avoid bankruptcy.
EastEnders casts Mazz Murray as incel Joel's mother Cleo
Mazz Murray, known for Mamma Mia!, joins EastEnders as Cleo, mother of incel teen Joel Marshall, in a controversial storyline airing July 2026.
300,000 miss £2,000 childcare top-up: check eligibility
300,000 eligible UK households are missing out on the Government's Tax-Free Childcare scheme, worth up to £2,000 per year per child. Check if you qualify.
UBS Aims for Top-Three Middle East Trading Spot
UBS plans to become a top-three trading firm in the Middle East, leveraging regional wealth and reforms to expand its investment banking and trading operations across the Gulf.
Nine journalists angry at Stefanovic's podcast before Robinson
Nine journalists were 'really angry' about Karl Stefanovic's independent podcast well before his Tommy Robinson interview, which led to his exit from Today, sources say.
Mizuho EMEA Banking Head Departs, FCA Comms Director Leaves
Mizuho's EMEA banking head moves on, while the FCA's communications director departs, marking significant changes in London's financial landscape.
London Public-Private Collaboration Key for Investment
London's private and public sectors need to collaborate to unlock investment and drive economic growth, experts say.
Activist Investor Urges Intertek to Engage with EQT
Primestone Capital urges Intertek's board to engage with EQT's £59 per share offer, while other shareholders support rejection. Share price jumps 5%.
Starmer to Nationalise British Steel to Save Premiership
Keir Starmer announces plans to nationalise British Steel and pursue closer EU ties in a make-or-break speech after poor local election results threaten his leadership.
Ferrexpo’s $100m Lifeline: Ukrainian Miner Avoids Insolvency
London-listed Ukrainian miner Ferrexpo secures $100m equity lifeline from existing investors, including oligarch-linked Fevamotinico, to avoid insolvency amid war disruptions and VAT refund delays.
Mayer Brown London Revenue Jumps 20% to Record
Mayer Brown's London office sees a 20% revenue increase to a record level, driven by strong demand for legal services across key practice areas.
Government Launches UK's Largest Retail Investing Campaign
The UK government has unveiled Britain's largest-ever retail investing campaign, backed by major financial firms, aiming to shift household savings from cash to stocks amid concerns over low market participation.
V&A and Lidl GB Issue Corrections on Staff Pay and Employment
The V&A Museum clarifies all staff receive London living wage, while Lidl GB corrects employee count from 11,422 to 34,697. Guardian publishes recent amendments.
Tax Regime 'Sends a Message' to Fintech IPO Prospects
City Minister Lucy Rigby emphasizes tax policy's role in attracting fintech listings to London, as the Treasury unveils new stablecoin regulations and digital market initiatives.
Reeves Meets Bank Bosses Over Iran War Economic Impact
Chancellor Rachel Reeves convenes top UK bank executives to discuss economic consequences of Iran conflict, as IMF downgrades UK growth forecasts amid Middle East turmoil.
Central Banks War Game Tests Response to Bank Collapse
Top financial officials from the UK, US, and EU will participate in a stress test in Washington to assess handling of a major bank failure, amid rising AI and geopolitical risks.
BoE's Breeden: Iran War May Spark Bond and Private Credit Crisis
Bank of England's financial stability chief Sarah Breeden warns that the energy shock from the Iran war, combined with soaring sovereign debt and private credit vulnerabilities, could trigger a global financial crisis.
Inheritance Tax Changes Threaten Family Business Survival
Labour's elimination of Business Property Relief has entrepreneurs warning they'll need to sell or dismantle companies to pay tax bills, with Dyson, Forte, and others speaking out.
Virginia Ends Tax Breaks for Confederate Groups
Virginia has revoked tax-exempt status for organizations honoring the Confederacy, a significant step in distancing from its Civil War legacy and promoting racial equity.
UK Fintech Unicorns Meet Treasury and FCA in Key Regulatory Talks
Exclusive: Top UK fintech bosses from Monzo, Revolut, and Oaknorth will meet Treasury and FCA officials next week to lobby for regulatory reforms and London listing incentives.
Billionaires Must Pay Fair Tax Rates to Fix Inequality
Global inequality has reached unsustainable levels, with the richest 1% capturing 41% of new wealth since 2000. The solution? A minimum wealth tax on billionaires to ensure they contribute their fair share to society.
Martin Lewis Wins Council Tax Reform for UK Households
Martin Lewis's campaign leads to major council tax reform, extending payment deadlines and capping fees to protect vulnerable households from aggressive debt collection.
Asset Managers Pile Into Record UK Gilt Auction
Schroders and Aberdeen participated in a landmark £15bn gilt auction as yields hit 4.9%, the highest since 2008, driven by Middle East conflict and UK deficit concerns.
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