Abolish stamp duty on shares to reverse London’s IPO slump, say top fintechs Fintech The group that represents the UK’s fastest growing fintech companies has called for the government to scrap stamp duty on shares to boost London’s flagging initial public offering market. Innovate Finance – which counts Revolut, Monzo and Zilch among its members – has called for the Treasury to ditch the 0.5 per cent levy on [...]
All Hundred owners expected to explore bids for Big Bash cricket franchises Sport Business All eight Hundred owners are expected to explore bids for franchises in Australia’s Big Bash after teams in the T20 cricket competition were put on the market this week, City AM has learned. Cricket Australia this week announced that it would push ahead with a franchise sale, similar to the 2025 Hundred auction, despite some [...]
Met Police investigates Reform UK over potential breach of electoral law Politics The Metropolitan Police has launched a formal criminal investigation into Reform UK over potentially illegal foreign donations after top party officials were filmed facilitating the acceptance of payments via a middle man. Detectives will look into the party’s funding following the undercover sting operation by Channel 4 News. The police were called to act by [...]
Burnham insists defence uplift ‘can’t come at expense’ of welfare September 9, 2026 Andy Burnham has said an uplift in defence spending will not come “at the expense” of benefits. During Prime Minister’s Questions, Burnham said “national security can’t come at the expense of social security” in response to attacks from Tory leader Kemi Badenoch over the absence of plans to get defence spending up to three per [...]
Anthropic researcher quits as colleague warns AI could ‘kill all humans’ September 9, 2026 An Anthropic researcher has resigned from the trillion-dollar AI behemoth on safety grounds, accusing it and rival OpenAI of “racing straight to self-improving superintelligence and gambling with our lives”. Jacob Coxon, who spent three years working on AI model training across Anthropic and ChatGPT-maker OpenAI, said on Wednesday that neither company was “acting responsibly” as [...]
JP Morgan boss Jamie Dimon to meet Chancellor John Healey ahead of Budget September 9, 2026 JP Morgan boss Jamie Dimon is set to meet John Healey today ahead of the new Chancellor’s first Budget, City AM understands. The American banker – regarded as one of the most influential figures in global finance – is due to meet Healey in London for the first time following a phone call exchange last [...]
FTSE boss calls on City businesses to hire former offenders September 9, 2026 Beazley chief executive Adrian Cox has encouraged City business leaders to hire ex-offenders as he believes in “looking beyond convictions and recognising potential”. The boss of the FTSE specialist insurer, which agreed to be acquired by Zurich Insurance for approximately £8.14bn earlier this year, said: “City employers can transform lives while strengthening their organisations’ access [...]
Itsu blames inflation and Labour tax hikes as rising costs bite September 9, 2026 Itsu has posted its third consecutive annual loss as the Asian food-to-to chain blamed surging inflation and Labour hikes to employment taxes for its rising costs. The edamame eatery, founded by the grab-and-go tycoon behind Pret a Manger, said the UK’s fast food industry is suffering from fragile consumer confidence and a rising tax burden. [...]
Messi to buy 100 per cent of Valencia football team September 9, 2026 Lionel Messi is set to acquire 100 per cent of a Valencia football team as the football superstar looks to expand his portfolio in Spain. The former Barcelona player is reportedly close to agreeing a complete takeover of CD Eldense, a second-tier Spanish football team based in the autonomous community of Valencia’s Elda. Spanish outlet [...]
Gareth Southgate hits out at WFH and warns high taxes are harming youth unemployment September 9, 2026 Former England manager Sir Gareth Southgate has said he is against working from home and argued that young people need workplace mentors to develop their careers. On a trip with the Neets tsar Alan Milburn, Southgate hit out at companies’ working from home policies and linked it to the joblessness crisis facing under 25-year-olds. “What [...]