Top court rejects Tesco appeal in ‘equal pay’ case Legal The Supreme Court has blocked Tesco from appealing a key ruling in a long-running equal pay claim brought by more than 16,000 shop workers. Tesco is one of several UK supermarkets caught in a legal battle over allegations that it underpays its store workers, mainly women, compared with distribution centre workers, who are mostly men. [...]
Baillie Gifford US Growth Trust narrowly defeats Saba’s third oust attempt Investing Baillie Gifford US Growth Trust has survived the third attempt by activist hedge fund Saba Capital to oust its board. Shareholders quashed the efforts of the Boaz Weinstein-run fund to take control of the £1.1bn investment trust by a narrow margin, with 52.8 per cent voting against Saba’s resolution to appoint three of its nominees [...]
Anthropic partners with British private equity firm to launch consultancy arm Prof Services Anthropic is launching a new AI consultancy business in Europe after partnering with London-based private equity firm Hg, according to reports. The company behind some of the world’s most advanced AI models is expected to launch its consultancy firm by the end of the year, the Financial Times reported, set to be based in London [...]
Supermarkets blindsided by ‘shambolic’ stockpiling warning October 23, 2026 Supermarkets have been caught off guard by the government’s “shambolic” campaign to urge Brits to stock up on supplies of food and water, industry sources told City AM. Retailers were not told the details of the government’s “Be Ready” campaign until days before it was announced and expected it to be a more “low key” [...]
Royal Antwerp: Legal bid to torch football’s homegrown quotas suffers shock defeat October 23, 2026 A bid to rip up European football’s rules on homegrown player quotas – likened to the landmark Bosman ruling – has been dismissed in a surprise move by a Belgian court. The case, brought by Royal Antwerp and former player Lior Refaelov, had been expected to be upheld after the European Court of Justice gave [...]
Autumn Budget 2026: What does the bond market want from Healey? October 23, 2026 John Healey is not expected to rock the boat in his maiden Budget next week. Looking at the combustible bond market, that’s probably just as well, writes Ali Lyon. John Healey is, the well-worn cliche goes, walking a tightrope. Boxed in from three directions, the Chancellor could certainly have hoped for an easier backdrop in [...]
Super League nears NRL investment but deal could be delayed until 2028 October 23, 2026 A deal for the Australian NRL to buy a stake in Super League, England’s top rugby league competition, is nearing completion but may not begin until 2028, prompting concern for London Broncos, City AM understands. Executives from the sport’s two premier competitions – including Rugby League commercial managing director Rhodri Jones and Aussie rugby league [...]
AI minister hints at Budget measures as UK weighs tougher tech rules October 23, 2026 AI minister Kanishka Narayan has hinted at new measures in next week’s Budget, as the government considers tougher regulation of AI alongside plans to reduce Britain’s dependence on foreign technology. Narayan said ministers must go beyond regulating AI and develop domestic technology to give Britain greater influence over how it is used. Speaking on BBC’s [...]
Doubts over £458m gambling tax plan emerge days before Budget October 23, 2026 A week before the Budget, questions have emerged about the evidence behind a proposed £458m gambling tax rise, after internal comments revealed doubts among the campaigners that were pushing for the increase. The Betting and Gaming Council (BGC) told City AM that the comments, which appeared in a draft report by the Social Market Foundation [...]
How John Healey clamped down on Treasury speculation October 23, 2026 Since entering Downing Street in July, John Healey has faced criticism from some business chiefs over an economic vision that seems similar to Rachel Reeves. But one aspect of running the Treasury has split Healey from his predecessor more than any other: keeping a lid on Budget rumours. After being appointed Chancellor, City AM can [...]