Barclays: bad news keeps on coming

In and out of reputational rehab, the UK bank has produced three nasty surprises in two days

Next: weather-beaten Wolfson

Profit warning is the first from clothes retailer since 1998

Lloyds – mechanisation is never mechanistic

Execution risks of banking digitisation are substantial

PRA traces an ark towards higher defences

Insurers’ response to catastrophe stress tests hinges on government‘s attitude to climate change

Tesco CEO must grasp strategic nettle now

Danger for Lewis is he listens to sound of tills filling with cash and loses sense of urgency

Witty goes some way to disarm gainsayers

Better news on drug pipelines still needed to pacify doubters

How much longer can Asos defy gravity?

Share in the online retailer rose 15 per cent after a 14 per cent drop in profits

RBS takes a gamble on P2P lending

P2P concept is untested in anything other than an environment of ultra-low interest rates

Deal-doers slam the brakes on

Many transactions that felt like dead certs a few weeks ago are trundling towards the scrapyard

In praise of tax inversions

While tax-driven deals are not yet dead, they are pallid and shaky

Even Cara cannot save luxury bag groups

Gloom at Burberry and Mulberry reflect wider downturn

FSB’s collateral rule for shadow banks

Watchdog wants borrowers to put up plenty of collateral when they raise funds

City should be spared resident evil

Density of businesses within London’s financial district is its strength. Displace some, and you dilute the whole

Ebola a big risk for markets: overreacting

Even when western businesses are present near Ebola hotspots, the impact may be tangential

A paper tiger scares HSBC bosses

Even so, bank and its directors are right to make a stand

Board leaves Tesco with no food for thought

New appointments will not quell complaints of a lack of grocering experience

Tesco Buffetted

‘Letter’ from the investor explaining his investment in retailer

Wonga how longer?

Payday lender’s name may go – but only after it has achieved respectability

Benchmark boycott shows regulatory risk

Fines are growing in tandem with presumptions of wrongdoing

French find égalité of opportunity in UK

British companies are happy to channel Gallic talent into boardrooms

ABOUT LOMBARD

Jonathan Guthrie Jonathan Guthrie is the City editor of the FT. He writes and edits Lombard, the column that dissects the big deals and bigger personalities dominating London’s financial centre. A popular read with senior City executives, Lombard blends analysis with humour. A veteran observer of British business, Jonathan has been an FT columnist since 2003, an FT staff member since 1993 and started as a capital markets writer in 1987. He tweets his take on City news just after 7am most weekday mornings.

E-mail Jonathan Guthrie

Alison Smith


Alison Smith is the FT's Chief Corporate Correspondent and has worked at the FT for more than 20 years. Her posts have included political correspondent, financial services correspondent, Lex writer, UK companies editor and, most recently, leader writer.

E-mail Alison Smith

Kate Burgess


Kate Burgess is the FT's Small Talk columnist and Small Companies Correspondent. She has worked at the FT for nearly 20 years in various roles, most recently as investment correspondent. Before the FT she worked as a stock broker.

E-mail Kate Burgess

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