Natwest wins approval to beef up US presence August 25, 2026 Natwest has landed approval from the US Federal Reserve to beef up its presence on the other side of the Atlantic. The British banking giant has been granted permission to set up a “representative office” in Connecticut that will “act as a liaison with current and prospective US customers of the bank”. The approval document [...]
England stars back player-led calls for Fifa president Infantino to quit August 25, 2026 Gianni Infantino is facing more calls to step down from Fifa insiders after Mikael Silvestre, a member of its Players’ Voice Panel, joined the chorus of dissent. Former Manchester United and France defender Silvestre, who also hosted a podcast for Fifa during this summer’s World Cup, posted a statement titled “Enough is Enough” on social [...]
Housebuilder shares soar on Burnham council housing plans August 25, 2026 Shares in the UK’s biggest housebuilders rose sharply on Tuesday morning after Andy Burnham revealed plans to spend an initial £10bn on affordable housing. In an announcement on Monday evening, the Prime Minister said the initial funding package would be used to build “thousands more quality council, social and affordable homes”. The funding would be [...]
London pensions firm eyes more deals after HSBC and Lloyds takeovers August 25, 2026 Pension consolidator Chesnara has said it is eyeing more deals after it swung back into profit following its takeover of HSBC Life UK. The London-listed firm recorded a £61m pre-tax profit in the first half of 2026, bouncing back from a £5m loss in the same period last year. Revenue soared to £255.9m, up from [...]
UK government takes stake in miner after £71m injection August 25, 2026 The government’s National Wealth Fund is set to pump £71m into miner Tungsten West in a bid to help reopen the Hemerdon mine in Devon. The funding package combines a £36m share purchase, which will hand the government a 7.4 per cent stake in Tungsten and a seat on the board of directors, and a [...]
Burnham shelves Thames Water administration plans over costs August 25, 2026 Andy Burnham has paused plans to take public control of Thames Water over fears that it could saddle the taxpayer with a bill running into the billions of pounds. The Prime Minister had been considering putting the struggling utility into a special administration regime (SAR), which would allow the government to take partial control of [...]
Andy Burnham hints at tax rises in Autumn Budget August 25, 2026 Andy Burnham has suggested tax rises could be on the cards in the looming Autumn Budget, warning he “won’t be unrealistic” over the state of the public purse. The Prime Minister quickly pledged to give people “breathing space” and ease the cost of living after taking the keys to No.10 last month. But in fresh [...]
As it happened: FTSE 100 jumps in best streak since May; Vistry, Melrose lead risers August 25, 2026 Welcome back to the City AM FTSE 100 liveblog. The blue-chip index jumped on Tuesday to extend its best winning streak since May. Melrose Industries led the FTSE 100 after the completion of a probe into a chemical incident in California, while Vistry gained 18 per cent on the FTSE 250 after winning cash in [...]
Budget 2026: Which taxes will Burnham and Healey hike? August 25, 2026 With interest rates on course to remain elevated and a new government keen to win over sceptical voters with cost-of-living measures, economists think tax rises at October’s Budget are all but guaranteed. But where will the new Chancellor look for revenue? Ali Lyon and Mauricio Alencar examine the most likely revenue raisers. Speak to any [...]
An overly complicated tax system is holding the UK back August 25, 2026 Tax simplification should be integral to the government’s growth agenda, writes BDO head of tax Adam Frais.