Evolv Restaurants Revenue Soars 20% Despite Crisis
Evolv, formerly D&D London, reports 20% revenue growth to £151.6m, with EBITDA rising to £14.6m, despite hospitality challenges and restructuring costs.
Category : Corporate
Motor Finance Compensation Scheme Hangs by a Thread
The FCA warns lenders to prepare for no compensation scheme as legal challenges mount from Volkswagen, Mercedes-Benz, and others, threatening the motor finance redress plan.
South East Water CEO David Hinton resigns
David Hinton, CEO of South East Water, resigned after supply failures and a damning parliamentary report citing poor leadership and cultural issues.
Citi Wealth Overhaul: Trio of Senior Exits
Three senior executives exit Citi's wealth unit as part of a major overhaul, signaling a strategic shift to boost profitability and streamline operations.
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Citadel Securities Hires Ex-Goldman Partner for EMEA
Citadel Securities appoints former Goldman Sachs partner as CEO of EMEA, strengthening its European expansion strategy.
Impax Asset Management Co-Head Leaves Client Group
The co-head of Impax Asset Management's client group has left the firm, marking a significant change in leadership as the sustainable investment firm continues to grow.
BofA Italy IB Head, DLA Piper Fund Finance Push
Bank of America appoints a new head of investment banking for Italy, while DLA Piper strengthens its fund finance practice with key hires, signaling growth in European financial services.
AI Models Can Self-Replicate, But Experts Say Unlikely
New research shows AI systems can copy themselves onto other computers, but experts caution the findings are not alarming and real-world obstacles remain.
Utilities Fund Front Groups to Block Public Power
Private utilities are secretly funding grassroots front groups to oppose municipalization efforts in cities like Ann Arbor, St Petersburg, and San Diego, threatening billions in revenue.
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Herald Trust Saved After Saba and Aberdeen Deal
Saba Capital and Aberdeen reach a deal to save Herald Investment Trust from wind-down, with Aberdeen managing the £1.5bn fund and offering shareholders a tender exit.
Coutts, Evelyn and the NatWest Wealth Jigsaw
NatWest's wealth management arm integrates Coutts and Evelyn, creating a comprehensive financial jigsaw for high-net-worth clients.
Citigroup Aims for 6% Deal Share as Hiring Continues
Citigroup plans to boost its investment banking market share to 6% through aggressive hiring, focusing on M&A advisory and capital markets.
City AM Awards 2026: Revolut Wins Top Honor
The City AM Awards 2026 celebrated UK PLC's finest at Guildhall, with Revolut winning Business of the Year. See the full list of winners.
Samsung Workers Threaten Strike Over AI Profit Share
Samsung faces a potential strike as unions demand higher pay and bonuses from AI-driven profits, while the company's market value hits $1 trillion.
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Houlihan Lokey Fees Record $2.6bn Despite Mideast Pause
Houlihan Lokey reported record dealmaking fees of $2.6bn in fiscal 2025, up 18% from last year, despite a slowdown in Middle East activity.
Finnish Startup Kelluu Teaches UK Defence Lessons
Finland's Kelluu, an accidental defence startup, shows how the UK can reform its sluggish procurement system with innovation, speed, and agile financing.
City AM Awards: Celebrating Business Heroes
City AM Awards 2026 honored 12 winners across sectors, celebrating entrepreneurship and value creation. Nearly 500 guests attended the Guildhall event.
BlackRock Won't Move London HQ Soon, Exec Says
BlackRock executive states the asset manager has no immediate plans to relocate its London headquarters, reaffirming commitment to the UK market.
Farage Earns £2 Million Since Becoming MP
Nigel Farage has made £2 million since being elected MP, from speeches, media gigs, and gold bullion promotion, plus a £5m gift from a donor.
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JPMorgan Private Bank OK with Private Credit Allocations
JPMorgan Private Bank's head of alternatives says the firm is comfortable with private credit allocations, citing strong performance and diversification benefits.
2026 City AM Awards Winners Announced at Guildhall
The 2026 City AM Awards winners were crowned at London's Guildhall, with Greg Jackson, Revolut, Shawbrook, and others taking top honors across 12 categories.
Eamonn Holmes Leaves Manchester United Foundation Board
Eamonn Holmes resigns from Manchester United Foundation board after 19 years due to a mandatory break policy. The TV presenter, 66, also faces health issues following a recent stroke.
FSB Warns Private Credit AI Boom Could Lead to Losses
The Financial Stability Board warns that private credit's role in AI could backfire, with sharp corrections causing sizeable losses. Tech, healthcare, and services are top borrowers.
Coyote Swims 2 Miles to Alcatraz Island
A coyote swam 2 miles from Angel Island to Alcatraz, farther than biologists initially estimated. The resilient animal impressed experts with its long journey through rough waters.
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FCA Probes Mastercard, Visa, PayPal Over Conduct
The FCA is investigating Mastercard, Visa, and PayPal for alleged anti-competitive practices related to PayPal's digital wallet, citing potential breaches of competition law.
Law Firms Step Up Private Equity Arms Race
Top law firms are aggressively hiring private equity partners to capture lucrative deal work, intensifying competition for talent in London's legal market.
Bank of America Hires Goldman's Gemma for Italy Dealmaking
Bank of America has appointed Gemma from Goldman Sachs to head its Italy dealmaking operations, strengthening its investment banking team in the region.
Morgan Stanley Names New France M&A Heads
Morgan Stanley has appointed new heads for its France M&A business following the departure of a key banker to Goldman Sachs, aiming to strengthen its dealmaking team in Paris.
Fermi Rejects Ousted CEO's Board Bid
Fermi has rebuffed a bid from its former chief executive Toby Neugebauer to regain control of the board, accusing him of trying to sell the company far below its intrinsic value.
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Stormzy Backs Padel Social Club with £5.5m Funding
Stormzy doubles down on his investment in Padel Social Club as part of a £5.5m fundraising round to open three new London sites with 17 courts.
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