Two senior dealmakers from Citigroup in the UK have left the bank to join rival firms in prominent positions, marking the latest departures from Citigroup.

Ofwat is ready to reject the majority of water companies' proposals to increase consumer bills, granting some only half of their requested amounts.

UK digital challenger Chetwood Financial has acquired buy-to-let mortgage lender CHL Mortgages for Intermediaries (CMI) from Barossa Asset Purchaser Sarl. The financial terms of the deal remain undisclosed. 

The UK remains Europe’s top destination for foreign direct investment (FDI) in financial services and has widened its lead over other European markets, according to EY’s latest Attractiveness Survey for Financial Services.

The UK government has noted progress in market access discussions with Indian negotiators this week in London. 

The chief executive of the London Stock Exchange refuted claims of a crisis, despite the departure of firms worth hundreds of billions of pounds for the US. 

Visa and Mastercard will have to disclose more details about the fees they charge merchants under new rules proposed by the UK payments regulator.

Over the past nine years, the number of UK bank branches permanently closing their doors will surpass 6,000. 

Baker and fast-food retailer Greggs intends to strengthen its collaboration with major franchise partners, including those owned by the Issa brothers, as it aims to launch 150 new outlets in 2024. 

Homeowners will enjoy cheaper mortgages as three major high street lenders have slashed rates on over 100 deals, reversing weeks of increases.