City AM

Wandsworth Council has announced taxes will rise by 94 per cent for Band D residents after local leaders hit out at the government for cutting funding by £84m a year.

BGC Group raised a record $16m globally for its annual BGC Charity Day last week, bringing the firm’s total to $250m over the fundraiser’s 22-year history.

To celebrate the introduction of geographical indications for English Whisky, Rupert Hargreaves takes a look at two innovative producers shaking up England’s spirits market.

Former Bank of England chief economist Andy Haldane has warned Prime Minister Andy Burnham that markets believe he is presiding over a “traditional tax and spend socialist government with better Tiktok videos”.

Big Four giant PwC has reported steady financial growth in its UK business, with revenue and profit per partner all increasing slightly compared to the previous year despite group revenue slipping due to the Middle East conflict.

Bosses will have to host a meeting with staff who ask for flexible working and lay out their rationale for refusing, under a new policy outlined by Louise Haigh.

WH Smith has cut its profit target again after warning that intense discounting and “inflation headwinds” are hitting its bottom line.

Barratt Redrow has trimmed its housebuilding targets but insisted it is well positioned to face up to a “challenging” outlook as its new boss prepares to take the reins.

Inflation inched higher in the year to August, official data has shown, adding to pressures faced by the Bank of England ahead of its interest rate decision on Thursday.

Welcome back to the City AM liveblog.

With the City watchdog empowered to penalise non-financial misconduct and fresh off a win at the Upper Tribunal, lawyers now expect to be flooded with work from businesses that are grappling with the focus on culture, as bullying, harassment, and serious…

Conservatives have long been told that London is write-off, but victory in Enfield has proved naysayers wrong.

Labour’s economic policies are damaging the UK economy and driving up unemployment – only Conservatives can restore growth, says Andrew Griffith If the UK economy were a malfunctioning car, the dashboard would be lit up like a Christmas Tree.

I spent much of my morning yesterday with a group of City chiefs for a candid (though unfortunately, off the record) chat about the health of our economy and the state of our politics.

UK savers are demanding chancellor John Healey end the freeze on the personal allowance in his maiden Autumn Budget, as more Brits get dragged into higher tax bands.

Angela Rayner has been urged to resolve an “unwelcome” heritage row which could place curbs on skyscrapers in the Square Mile to protect views of the Tower of London.

Manchester United’s new stadium may not open until 2035, according to official planning documentation.

Londoners are steadily finding out who will be on the ballot sheet for the next mayoral election in 2028.

Productivity in the West has slowed dramatically since the late 2000s, but there is no consensus as to why.

Trade unions have taken aim at “stratospheric” donations and the flow of “dark money into UK politics” after Reform revealed it had pocketed a staggering £72m from just two supporters.

The Bank of England is facing mounting pressure to raise interest rates on Thursday amid a global bond market rout fuelled by concerns over runaway government borrowing and sticky inflation.

Lord Simon Wolfson has become a shareholder darling over his 25 years in charge of Next.

The government is plotting a major crackdown on university spinouts that shift their operations abroad or float overseas, the boss of the body responsible for research investment has said, in a move likely to spark unrest among founders and the venture ca…

Motorway is on the cusp of turning its first profit a decade after launch, as the used car marketplace looks to the Premier League to expand its customer base.

AI firms snapped up more than 700,000 sq ft of London office space in the first half of 2026, more than double the amount taken across the whole of last year as fast-growing tech companies expand their footprint in the capital.

Lost your job in your 50s?

European financial centres suffered a decline in global rankings as the continent continued to lose ground to fast-growing Asian cities.

Tom Marriott and Bill Esdaile are back to preview the weekend’s action, featuring the Ayr Gold Cup at the Scottish track as well as Group action from Newbury.

Patient data from five GP surgeries in England is being fed into the NHS’s Palantir-built data platform, pushing the US firm’s reach beyond its initial remit of hospital operations into local surgeries.

AYR HOSTS its biggest Flat meeting of the season on Saturday, headlined by the historic Ayr Gold Cup (3.40pm).

ALONGSIDE Ayr’s Gold Cup meeting, there’s action from Newbury where the Group Two Mill Reef (2.12pm) takes centre stage.

US law firm Sullivan & Cromwell is set to expand its global footprint into the Middle East by opening an office in Abu Dhabi after several other law firms boosted their presence in the region over the last year.

KPMG UK is set to lay off hundreds of staff in its data and tech division in the latest round of redundancies at the Big Four firm.

Britain’s online safety watchdog has admitted its flagship rules have so far had an “underwhelming” impact on children’s safety, as it revealed the Online Safety Act will not be fully operational until the middle of 2027 and warned the government’s incomi…

Dazn chief executive Shay Segev has confirmed the global sports streaming platform is preparing for an IPO after achieving EBITDA profitability in 2025.

A barrister for the law firm behind the record BHP litigation has alleged in a £2.6m lawsuit that the firm failed to pay him and now faces a counterclaim.

Nike is believed to be nearing a deal which will see the sportswear giant enter Formula 1 after more than two decades off the grid.

The financial watchdog has banned the former owner of London-based law firm Kingly Solicitors from working in financial services after finding he allowed £28m of client money to be misused.

Former Chelsea and Manchester United star Juan Mata has launched a bid to influence next year’s Fifa presidential election.

The manager of one of Britain’s best-known investment boutiques has bought nearly £150,000 worth of shares in his investment trust as part of a programme to boost its valuation and show faith in his approach after years of underperformance.

Luxury gym operator Third Space has grown its turnover by more than a third, topping £100m for the first time, as City workers flock to the upmarket health club.

The Bank of England has been urged to hold interest rates even as inflation is set to peak higher than previously expected due to the continuation of the Iran war, City AM’s Shadow Monetary Policy Committee has said.

The latest advances in frontier AI are an “OMG moment” and countries need to “arm themselves”, Andrew Bailey has said, as he highlighted the new threat of financial crime posed by the technology.

London has been snubbed as host of the World Athletics Championships with the track and field governing body opting for Nairobi over the capital.

The UK government has left the door open to tougher AI regulation after the companies building the world’s most powerful models called for slower development, fearing safety has fallen behind.

An overnight levy on top of the removal of VAT-free shopping is making London too expensive for tourists, writes Ros Morgan in today’s Notebook What the West End needs from Labour’s Budget The West End is one of the UK’s most productive economic centres a…

New York has been crowned the world’s leading sport city while London continues to lag in fourth place in a new independent ranking published today.

New York-listed consultancy giant Accenture has agreed to pay the US government $25m (£18.5m) to settle allegations over its diversity practices.

Business secretary Jonathan Reynolds has emphasised the “tremendous upsides” to AI that should not be overlooked, as a growing number of tech engineers have warned of its threat to existence.

Britain’s biggest banks are set to kick off a fundraising campaign that will pave the way for a domestic payments alternative to Mastercard and Visa.