City AM

Kevin Warsh’s Federal Reserve has raised interest rates for the first time since 2023 and effectively pencilled in another hike this year, defying President Trump’s demands for looser monetary policy.

The Beauty Tech Group has more than tripled its first-half profit as booming demand for at-home beauty devices helped sales jump more than 40 per cent.

Next has lifted its profit target again following “much better” than expected trading in the first half of the year as the retailer continues to defy fears of inflation and a slowdown in consumer spending.

Todd Boehly and Mark Walter have sold their combined 25 per cent stake in Chelsea in a deal that values the Premier League club at £5bn.

China didn’t feature much at the Ultimate Championships and Ed Warner questions whether they can at a home World Championships in 2027.

Welcome back to City AM‘s FTSE 100 liveblog.

Why are the bosses of the world’s top AI companies calling for regulation and advocating a slowdown in the technology’s development?

Telling young people they’ve been let down by ‘the system’ is a narrative of despair that removes all agency from young people.

The arrival of an unlit hut at Ealing Broadway has naturally been the source of ridicule, but there is some sense behind it, says design expert Sophie Maxwell Brown Did Ealing Broadway’s calm space deserve all the ridicule?

Lloyds, Nationwide and Investec are all tipped to be circling Aldemore as its South African over prepares a sale.

Each week, we dig into the memory bank of the City’s great and good.

Britain is an outlier for tax centralisation, but devolution can go badly wrong, says Tim Sarson Last week government front benchers and local leaders from across England got together at Number 10 North to discuss the details of a new Visitor Levy, or tou…

Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column.

Council takeovers in Westminster and Wandsworth have offered the Tories a new confidence boost in London.

The Bank of England is expected to leave Interest rates unchanged even as bond traders raised expectations for upcoming hikes and the Federal Reserve opted to tighten monetary policy in the US.

Battersea Power Station chiefs have categorically ruled out suggestions that London’s NBA Europe team could build its home basketball arena on the site.

The chair of Natwest has warned the UK is in a “moment of national crisis” that can only be fixed by firing up investment in the country’s flagging economy.

Shadow chancellor Andrew Griffith will urge Labour to rule out further tax rises on businesses at next month’s Budget, as the Conservatives set out plans to cut the compliance burden facing small firms and the self-employed.

The Pregnant Man is celebrating a decade this January.

Former Anthropic researcher Jacob Coxon has been invited to give evidence to parliament following his stark warnings over the threat posed by AI, City AM understands.

A UK specialist court has greenlit a £260m settlement in a class action against Google’s parent company, Alphabet, following an agreement last week.

The ominous presence of a ghost at Bethnal Green Tube station, a melange of colour left behind from torn off posters at Bank and burly rain clouds cloaking Three Colts Lane.

Gore Street Energy Fund has survived an attempt by activist hedge fund Saba Capital to wind it down at its latest annual general meeting, after investors narrowly voted against its discontinuation.

A multi-millionaire banker who was suspected of being the ‘Putney pusher’ has been found dead in his home just three months after being arrested.

Prime Minister Andy Burnham plans to create nine regional bodies led by mayors that could bring water companies under public control.

An accountancy firm director was severely reprimanded by the regulator and handed a £14,000 fine for breaching accountancy standards.

British AI firm Synthesia has warned that “sci-fi” fears over AI could lead to poorly designed regulation, as pressure grows on ministers to toughen the UK’s AI rules.

Shares in Marks and Spencer have taken a dip as investors fear that rising inflation will push shoppers away from the upmarket grocer and towards its budget rivals.

Santander and Volvo are taking BMW to the High Court over a dispute related to motor finance deals, City AM can reveal.

Parachute payments make clubs four times more likely to achieve promotion to the Premier League and should be scrapped, according to a new study.

Andy Burnham has warned Brits to expect a “challenging” Budget as he hit back at his former adviser for accusing the Prime Minister of being a “socialist with better TikToks”.

EuroLeague Basketball chiefs are expecting a takeover approach from the NBA that would see the two organisations collaborate on a new European basketball league.

How The Light Gets In festival is on Hampstead Heath this Saturday and Sunday What’s the biggest taboo in British society?

Has Apple accidentally built an age-tech device without calling it one, asks Paul Armstrong following the release of the first foldable iPhone Apple’s new CEO, John Ternus, announced iPhone Duo with plenty of expectation on his shoulders after months of l…

A 1911 ruling by the City of London Corporation means businesses are still unable to adorn their skyscrapers with company logos.

Mike Ashley has tightened his grip on Hugo Boss after his son-in-law, the boss of Frasers Group, was made chairman of the German fashion house.

Private equity and venture capital firms are handing over administrative and back-office tasks to artificial intelligence agents in order to shift staff focus to more pressing matters.

The first step in solving the NEET crisis is honesty about why so many young people are now trapped in the benefits system, writes Brandon Lewis Alan Milburn’s interim report on Young People and Work exposed a painful reality: the system has failed a gene…

Morrisons has toasted faster sales growth as the private-equity-owned grocer nears £1bn in savings as it races to trim its huge debt pile.

Today’s inflation data does not two troubling risk on the horizons: a renewed surge in global energy prices and the upcoming Budget, says William Nixon This morning’s inflation data came in close to market expectations, with headline inflation rising to 3…

Ladbrokes owner Entain has hit out at Andy Burnham’s plans to shake up the high street as the gambling giant blamed the Prime Minister for its decision to cut 400 jobs.

Britain’s latest crop of high-growth tech companies have raised £3.4bn between them and employ more than 6,000 people, as Andy Burnham faces pressure to get more British capital behind home-grown firms.

Tottenham Hotspur’s majority owners will take their investment into the club to beyond £300m in the last year after agreeing to an additional £120m injection.

House prices losses in London accelerated in June as the capital’s most sought-after postcodes shed value again.

Over a generation, millions of ordinary interactions with government, utility providers, financial institutions and corporate giants became remote, standardised and procedural.

London estate agent Winkworth has warned on profits for the year ahead, citing the legal costs tied to a boardroom family feud that has led its chief executive to take his father to court.

Growth in every postcode won’t help Brits if the proceeds are invested abroad, says Saul Klein As a serial entrepreneur, operator and investor I’ve noticed that Britain has a habit of talking itself down, even when the evidence tells a different story.

Brewdog co-founder James Watt has attacked Andy Burnham for “dangerous narratives” around youth joblessness, criticising the government for hiking the cost of employment.

The Federal Reserve, Bank of England and Bank of Japan all confront the same question this week: how do you set interest rates when inflation is being buffeted by forces well beyond your control?

London-based family law firm AFP Bloom has opened an office in Mallorca to serve the growing number of British families relocating to the Spanish island.