What should investors do in H2? Diversify Opinion At a time of global uncertainty, diversifying your investments across regions and sectors remains the best way to protect your portfolio, says Liz Ann Sonders The year 2025 began on a note of buoyancy. Fresh off the back of the US Presidential election, equity markets were roaring, fuelled by optimism that deregulation and tax cuts [...]
Financial services firms dealt tens of millions in regulatory fines Banking While deregulation may be the political mood, UK watchdogs are sharpening their swords as banking giants bleed millions in regulatory fines. In under just ten days, the Financial Conduct Authority and Bank of England handed out £74.9m worth of fines to a trio of UK financial services firms. Leading the pack, and most recently, was [...]
Exclusive: 1 in 5 firms shift addresses ahead of Companies House reforms Business More than one in five UK companies changed their registered address between January 2022 and February 2025, highlighting the extent of internal corporate changes taking place ahead of major Companies House reforms. Moody’s data, shared exclusively with City AM, also found that nearly 14 per cent of companies changed legal status during the same period. [...]
Keir Starmer refuses to rule out pension tax raid July 16, 2025 Prime Minister Keir Starmer shied away from ruling out a pensions tax raid at the Autumn Budget despite top researchers’ calls for the government to refrain from adding ever-higher cost burdens on Britons. Keir Starmer has faced repeated questions about several taxes being introduced later this year given City estimates that as much as £24bn [...]
Co-op boss confirms data of all 6.5m members stolen July 16, 2025 The chief executive of Co-op has confirmed that the personal data of all its 6.5m members was stolen during a major cyber attack in April, marking one of the most widespread data breaches in UK retail history. Speaking publicly for the first time since the attack, Shirine Khoury-Haq said the breach had a “devastating” impact [...]
A UK captive insurance regime will make Britain more competitive July 16, 2025 The Chancellor used here Mansion House speech yesterday to announce that she is creating a new domestic framework for captive insurance, aiming to attract companies back from offshore financial hubs and reinforce Britain’s status as a global leader in the insurance industry, says Chris Lay Yesterday, as part of the UK Chancellor’s Mansion House speech, [...]
Chelsea’s Club World Cup winners’ prize? A £10m US tax bill July 16, 2025 Chelsea will be hit with a US tax bill of around £10m as a result of winning the Club World Cup on Sunday. The stunning 3-0 win over Paris Saint-Germain in New York last weekend ensured Chelsea will receive £85m in prize money from competition organiser Fifa. Some £39.7m is to be paid immediately and [...]
City raises a glass to Reeves’ reforms July 16, 2025 The City may have been a bit damp and grey yesterday but the Chancellor appeared as a welcome ray of sunshine. At City AM, we haven’t held back in our criticism of this government’s economic policies – and we’ll return to that theme before long, I’m sure – but we also believe in giving credit [...]
How artisan mezcal brand Zacal is hoping to storm the UK’s alcohol market July 16, 2025 If you’ve been to a London bar recently, chances are you’ve seen a mezcal margarita on the menu. Having already found popularity in the US, the once-small market is rapidly expanding into the UK, helped by a shift towards ‘less but better’ consumption. Zacal is one of the brands hoping to make the most of [...]
Tim Robinson and Paul Rudd star in cringe comedy Friendship July 15, 2025 Produced by indie darlings A24, Friendship is the debut starring role for Tim Robinson, best known for hit Netflix sketch show I Think You Should Leave. The show propelled the comedian to TikTok stardom, becoming the punchline of the viral “I’m doing my part” meme and having catchphrases from the show enter social media vernacular. [...]