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      Healey rules out expanding mansion tax to £1.5m homes

      The roof of a parked automobile reflects a row of residential properties in the Battersea area of London, Photographer: Jason Alden/Bloomberg via Getty Images

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      Manchester City owners must get messaging right or risk own fans turning against them

      Disappointed football fan in a black puffer jacket and team scarf, hands on head, in a blue stadium crowd

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      Where to eat Greek food in central London

      Inviting interior of Pyro restaurant with rustic wooden tables, woven pendant lights, and visible kitchen staff.

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Business

  • South Africa need cash from New Zealand Tests but All Blacks fans not like Lions

    August 21, 2026

    It is quite simple really: the Greatest Rivalry series between South Africa and New Zealand, which starts on Saturday, needs to be a real money-spinner for the Springboks. It should see every seat occupied for the three Tests – in Johannesburg and Cape Town – and healthy crowds for the All Blacks matches against the [...]

  • Prince Harry hit with £9.5m Daily Mail legal bill

    August 21, 2026

    Prince Harry and six other high-profile figures have been ordered to pay £9.54m towards the Daily Mail publisher’s legal costs after losing their long-running privacy case. Judge Matthew Nicklin Nicklin ruled on Friday that the claimants must make an interim payment of £9,544,355 to Associated Newspapers by 28 August, after the publisher ran up costs [...]

  • Ratcliffe’s Ineos saves Runcorn plant

    August 21, 2026

    A plant producing chlorine that cleans 98 per cent of Britain’s drinking water has been saved from collapse by Jim Ratcliffe’s Ineos, in a move that also help could prevent the UK becoming reliant from imported salt for the first time in history. Ineos Inovyn, the chlorine arm of the billionaire’s chemicals empire, said on [...]

  • Billionaire Bill Ackman donates £300m to brain research centre after daughter suffers haemorrhage

    August 21, 2026

    American billionaire Bill Ackman will donate $400m to brain research after his daughter suffered a haemorrhage that left her in a coma. The investor, whose Perishing Square hedge fund is one of the most famous investment management firms in the world, announced plans to donate the vast sum to a newly established research institute named [...]

  • UK economy’s rebound fails to stem two years of mass job losses 

    August 21, 2026

    A rebound in the UK economy over August has failed to turn around the country’s flagging labour market after nearly two years of job losses, new estimates have shown.  Data tracked by S&P Global suggested the UK’s private sector grew at the fastest pace in four months in August despite concerns around business costs and [...]

  • Burnham predicted to raise taxes for ‘fundamental’ cost of living support

    August 21, 2026

    Andy Burnham will struggle to deliver “fundamental” cost of living support without raising taxes, economists have warned, after a spike in government bond yields in recent weeks. Higher than expected government borrowing in July has deepened problems for the UK’s public finances, narrowing the range of extra cost of living measures that could be adopted [...]

  • Exclusive: Former Formula 1 figure invests £100k into new Pacer app dubbed ‘Sports Tinder’

    August 21, 2026

    A former Formula 1 test driver has invested into a new app, dubbed Sports Tinder, ahead of its London launch. Pacer will launch this year and target Londoners who run, play tennis and padel and socialise through sport. “Unlike conventional dating apps,” they told City AM, “users do not initially sign up looking for romance. [...]

  • What Guardiola and Mourinho teach business, and other Premier League managers

    August 21, 2026

    As the Premier League returns why can Pep Guardiola and Jose Mourinho still have influence, asks Dean Weller. Nine Premier League clubs will kick-off their season today with a new manager – a new record. But one that we shouldn’t be surprised by, given the level of instability in the league recently. As a Chelsea [...]

  • Healey oversees unexpected rise in borrowing in first month as Chancellor 

    August 21, 2026

    John Healey oversaw an unexpected deficit in the public finances in his first month as Chancellor, according to new data, in a sign the government may be more restricted than first thought ahead of its first budget. New figures released on Friday showed that government borrowing hit £1.8bn in July. Markets had expected the Office for [...]

  • As it happened: FTSE 100 climbs as markets digest Bessent buyback

    August 21, 2026

    Welcome back to the City AM liveblog. The FTSE 100 has closed 0.6 per cent higher after fresh research showed consumer confidence has risen to its highest level in nearly two years. The GfK consumer confidence index – which polls households on the way they view their finances and economic outlook – jumped three points [...]

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