Economy

Britain’s two largest domestic banks are repositioning themselves for a political moment. According to reporting by the Financial Times, the arrival of Andy Burnham as Labour leader has prompted NatWest Group and Lloyds Banking Group to talk up their regional lending credentials, presenting themselves …

The long-running battle over the future of British Steel has entered a combative new phase. According to reporting by the Financial Times, Jingye Group, the Chinese conglomerate that bought the business in 2020, is now demanding compensation over the UK government’s move to nationalise …

Ryanair Holdings, Europe’s largest low-cost airline, has reported a sharp fall in quarterly profits as a war in the Middle East unsettled travellers and sent jet-fuel prices surging, according to reporting by the Financial Times and other outlets. The Dublin-based carrier’s profit after tax …

Anglian Water has awarded its chief executive a £1.3mn retention payment despite tightening restrictions on rewards across the water sector, according to reporting by the Financial Times. The FT, examining disclosures relating to Anglian Water Group, reported that almost two-thirds of a total package …

St James’s Place, Britain’s largest listed wealth manager, is under renewed scrutiny after the Financial Times reported that advisers overseeing billions of pounds of client money are walking away from the group. In a piece from its wealth management desk, the FT said a …

A&O Shearman, the transatlantic law firm created by one of the largest legal mergers in a generation, has handed its partners an average of £2.2mn as profitability returned to pre-merger levels, according to reporting by the Financial Times. The pay rise, in the firm’s …

Britain’s best-known bill-switching brand wants to help you invest, not just save on your car insurance. The Financial Times reported that Moneysupermarket is launching an investment platform, taking parent MONY Group into the retail investing arena for the first time and setting up a …