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London launches £70m fund to back startups struggling to raise investment

The Future London Growth Fund, managed by investment firm FSE Group, will offer loans of between £1m and £3m to companies across London’s 32 boroughs and the City. The fund, launched on Thursday, aims to bridge the gap…

Can wine school teach me to talk like a sommelier?

The UK is still the second largest importer of wine in the world, behind only the US (and behind Germany if based on volume rather than value, respect). But as boiling temperatures stretch grape harvests to the brink in…

UK dividends reach £28 billion in Q3 as banks and miners lead profit distribution

Its dividend monitor report shows profit distributions were led by banks and mining firms – the sectors returned more than £8.3 billion to investors. Start your trial of MoneyWeek today Get unparalleled financial…

Healey: I want to help bloody-minded founders

The Chancellor said he would clamp down on the “ cost of business ” as well as on the cost of living, promising to patch up relations with the UK’s private sector after it was targeted for revenue at three consecutive…

LSEG pushes up profit forecast as it confirms $3.5bn Octus swoop

The FTSE 100 firm said the deal to acquire the New York-based business “significantly expands LSEG’s fixed income offering”. “Public and private credit markets are converging,” LSEG said, adding that the tie-up would…

AJ Bell hits record assets under administration as customer numbers surge

The London-listed investment platform said its assets under administration (AUA) rose 22 per cent year-on-year to £126bn in an end of year trading update. The group’s assets under management (AUM) also reached a record…

Sainsbury’s shares slide as ‘tough’ conditions slow growth

The UK’s second-largest supermarket saw its stock slide by nearly four per cent in early trading to 346p. This came despite the firm lifting the lower end of its full-year profit target from £965m to £1.025bn, with an…

Barclays to axe 5,000 jobs by end of year after banking on AI savings

Barclays will wield the axe on some 5,000 jobs in its global headcount as the firm ramps up its cost-cutting targets and leverages artificial intelligence. The FTSE 100 bank’s reductions will cover five per cent of the…

IOC’s abdication over Russia is causing much angst as clock ticks down to LA28 Olympics

To Brentford FC’s Gtech Community Stadium last week for the second outing of The NEDwork , a gathering of chairs and non-executive directors from across Great Britain’s Olympic and Paralympic governing bodies. Russia’s…

FTSE 100 Live: Stocks to drop as oil higher after Saudi drone attack

Welcome back to the City AM FTSE 100 liveblog. London’s blue-chip index is set to slide this morning after a shaky week for trading. Oil pressures have climbed higher after a drone attack on Saudi Aramco’s Shaybah oil…