City AM

Investec and Nationwide are among the firms set to bid for alternative lender Aldermore as its South African owner First Rand fields first round offers for the company, City AM can reveal.

Wickes is benefiting from a slowdown in consumer spending as Brits switch to the value home improvement retailer and away from premium rivals, its boss has said.

The state pension is set to rise by £490 next year as a result of the triple lock, adding to “pressures” facing Chancellor John Healey as he draws up his first budget.

A top listed construction firm has pulled out of the UK’s “challenging” housing sector after a slump in demand for new homes across the country.

Private sector wage growth remains at lows not seen in nearly six years in a sign that Britain’s labour market is weakening further ahead of a crunch interest rate decision for the Bank of England on Thursday.

The group of hackers behind a major breach of Revolut managed to steal nearly 700 customers’ private data, City AM understands.

Welcome back to the City AM liveblog.

The ring-fenced Russian arm of Rocco Forte Hotels has paid its shareholders a dividend worth more than £3m, despite the luxury hospitality chain being accused of bankrolling Putin’s war machine in Ukraine by maintaining operations in Russia.

In a recent in-depth analysis of the Scotch whisky industry, the FT painted a grim picture of suppressed demand and an ever-rising tide of maturing spirit.

The City of London has one of the most forward-looking planning departments in the country.

European financial institutions have aggressively closed the transatlantic pay gap at board level, driven by efforts to attract top-tier and specialist talent as boards face into a growing range of complex challenges.

The economic prize from AI won’t simply go to the countries that develop the most powerful technology.

Restoring confidence in the UN must begin with rejecting coercion by authoritarian states, writes Taiwan minister of foreign affairs Dr Lin Chia-lung The world stands at a critical juncture.

As some of London’s listed housebuilders take emergency measures to cut costs amid rising building costs and stagnant demand for homes, one firm is splashing the cash.

Frasers Group, the retail empire owned by Mike Ashley, is facing an investor revolt over a bonus handed to its finance chief for “doing his job”.

The boss of one of Aim’s newest constituents has insisted he is still “enjoying the ride” after the stock’s slump in the months following its London IPO.

London’s ‘quality of life’ score has been dragged down by a housing affordability crisis as workers spend more as a share of their income on housing than residents of “nearly every city in the world”, a new report has found.

John Healey has been urged to drop a so-called “death tax” which business leaders say means family firms are losing out to overseas investors.