City AM

Natwest has made its first direct investment into an independently managed venture capital fund, joining a push by some of Britain’s biggest financial institutions to funnel more domestic money into UK tech companies.

Financial literacy is crucial to teach young people to have aspiration about their future prospects, a senior leader at one of the world’s biggest investment firms has told City AM.

Canadian Prime Minister Mark Carney is making a bold punt for European “integration”, but it risks being a fairytale, writes Tim Focas Once in a blue moon, politics conjures up a global statesman that seemingly, and annoyingly to us mere mortals, has it a…

Manchester United have reported a financial loss for a seventh consecutive year despite Sir Jim Ratcliffe’s drastic cost-cutting.

Viral bakery Bread Ahead claims it is being booted out of Borough Market for being “too successful”, with international franchising a possible point of contention.

Private equity firm Pollen Street is weighing a sale and has begun talks with potential suitors, the company confirmed today, in what could be the latest of a wave of takeovers to hit the London Stock Exchange this year.

Andy Burnham has said governments, not tech companies, must make the biggest decisions about AI, as he pledged to put AI regulation at the heart of Britain’s G20 presidency.

Ukrainian officials have hit out at a European Union decision to remove former Arsenal co-owner Alisher Usmanov from its sanctions list.

Co-op group has slashed its headcount this year to handle the added costs of Labour’s national insurance raid, its chief executive has revealed, saying the tax hikes had pushed the retailer to invest in more automation.

UK development spending is good for British business.

On 23 September 1949, Bruce Springsteen aka ‘The Boss’ was born in New Jersey.

The cost to taxpayers of paying off the interest on UK government debt is “increasingly crazy”, according to a top economist who advised Andy Burnham.

The UK economy will grow slower than expected next year as the effects of a long Iran war drag on activity, the world’s leading economic forecaster has said.

Co-op posted a jump in turnover at its funeral arm, as the member-owned group said it is setting out the foundations to recover from a costly cyber-attack last year.

Airtel Money has confirmed plans for a London IPO in what would mark one of the London Stock Exchange’s biggest flotations in years.

JD Sports has seen revenue and profit slip so far this year, as weak consumer confidence in its key US market drives a “tough trading environment”.

Tottenham Hotspur are facing pressure from Haringey Council leaders to sacrifice a fixed percentage of revenue for residents of Northumberland Park, the seat of their £1bn stadium.

Good morning from the City desk at City AM.

The founder of a foreign exchange firm that collapsed in the wake of Donald Trump’s ‘liberation day‘ last year has secured a multi-million pound funding injection for his new fintech venture, City AM has learned.

The chief executive of professional services giant Baker Tilly International has warned the upcoming Budget will likely carry a heavy “pain cost” for UK businesses bracing for tax changes.

The Big Four giants – KPMG, Deloitte, EY, and PwC – have for decades played an important role in shaping the next generation of City workers.

Anthropic’s messianic pronouncements are no longer like a marketing strategy, but a religious playbook, says Lewis Liu I canceled my personal Claude subscription this week and deleted years of work.

Palantir’s loss of a five-force policing pilot was driven by a combination of funding pressures and an assessment of the project, City AM understands.

The Labour government is blaming Brexit for low growth but ignoring that’s it’s a phenomenon plaguing the EU as well, says Paul Ormerod At the weekend, Bridget Phillipson became the latest leading politician to pin the economic woes of the UK on Brexit.

In March 2021 Chancellor Rishi Sunak described it as “a tax policy that is progressive and fair.”

Over 100 Labour MPs also have more claimants for mental health conditions such as anxiety, ADHD and autism than their majorities, says Joseph Dinnage The unsustainable expansion of the welfare state is the most important domestic political issue of our ti…

Leapmotor is aiming at the UK’s increasingly crowded small electric SUV market with the new B03X.

Cost saving measures pencilled in by the last government have dramatically reduced Chancellor John Healey’s ability to look for spending cuts and efficiency gains at his first Budget, economists have warned, raising the prospect of fresh tax hikes.

Erling Haaland’s brand power shifted into a new stratosphere at the World Cup – and the proof is in Norway’s carrot sales.

Few quirks of modern life are so hated as the inability to cancel a subscription.

A Reform UK-linked think tank has called for sweeping tax cuts for investors and an overhaul of regulation in a report that was described by Richard Tice and Robert Jenrick as a “serious contribution” to the UK’s growth debate.

Chancellor John Healey and Prime Minister Andy Burnhm could raise £26bn by hiking capital gains taxes and applying national insurance to other areas of income, according to plan put forward by academics that will rattle the City and Westminster ahead of t…

Four out of five companies across the FTSE 100 and S&P 100 have never had a female chief executive, as boards fail to promote them into positions of power earlier in their career, a new report has found.

Legal AI firm Harvey has chosen London to launch a new product designed to help lawyers tackle pro bono work, as the US-headquartered start-up looks to accelerate its growth into new areas of the legal industry.

The RAC has slammed the brakes on its £5bn London listing in favour of a private deal, landing another blow against the UK’s ailing public markets.

Henry Pollock is following the Erling Haaland blueprint for stardom by joining YouTube having signed a bumper new contract at Northampton Saints.

City AM was first to experience the new look Quaglino’s, the legendary St James restaurant where the late Queen celebrated her marriage, which has been revamped ahead of its hundredth birthday How about a chocolate cigar, or even a chocolate ash tray?

Jersey Mike’s may not yet be a household name in the UK but the US sandwich chain hopes to change that by becoming the latest sponsor of the EFL Trophy.

THERE is a feast of action to get stuck into from Newmarket this week, with two Group One contests and the deeply competitive Cambridgeshire Handicap (3.40pm) headlining the bill on Saturday afternoon.

PUNTERS can put a line through ORTHODOX’S disappointing effort in France and should back him to return to winning ways in Saturday’s Group One Middle Park Stakes (3.00pm) at Newmarket.

FC Barcelona’s debts are set to surpass €2bn after the club’s owning members sanctioned a mega €500m loan to help finally complete reconstruction of their Camp Nou stadium.

Mercedes-Benz will put British start-up Wayve’s self-driving technology into its cars within two years, handing the London AI firm its third major production deal in less than nine months.

Cardiff Rugby’s Investec Champions Cup match against Bath Rugby will not be moved even if it clashes with the blockbuster fight between Anthony Joshua and Tyson Fury.

Andy Burnham’s pledge to deliver “growth in every postcode” will result in “wasted taxpayer money and create political problems”, according to one the PM’s most valued economic advisers.

London is leading the charge of the British legal sector’s overseas exports which surged by 60 per cent over the past five years, hitting a record of almost £11bn, new data has revealed.

Investment bank Rothschild is working with a consortium on a £300m bid to see Formula 1 return to South Africa for the first time since 1993.

OpenAI, Anthropic, Google Deepmind and Meta have been summoned to an urgent parliamentary hearing on AI safety, as MPs warn Britain’s rules around the technology are “not yet fit for the future”.

Andy Burnham has refused to rule out launching a bid for the UK to rejoin the EU, saying the debate is “for another day.”

Whitbread’s biggest shareholder is demanding a seat on the board of the Premier Inn owner after voicing “growing concern” with the firm’s turnaround plans.

Inheritance tax receipts have hit a new high as frozen thresholds and rising property values drag more households into the tax net.