Thames Water creditors eye board shake-up if takeover plan succeeds August 24, 2026 The group of creditors vying to take control of Thames Water has said it will appoint the former bosses of Yorkshire Water and BT Openreach to the utility’s board should it succeed in fending off nationalisation by the government. The London & Valley Water (L&VW) consortium, which includes heavyweight investors including Apollo and Elliott, has [...]
Graduate jobs market slumps to new low August 24, 2026 The UK’s ailing graduate jobs market has slumped to a record low as employment costs surge and firms turn to AI for entry-level roles. The number of graduate vacancies in Britain fell 45.6 per cent to 8,383 in the year to July, undercutting the previous low set in May, according to recruitment firm Adzuna. This [...]
As it happened: Stocks rally; US to unveil ‘economic D-Day’ Iran sanctions August 24, 2026 Welcome back to the City AM liveblog. The FTSE 100 rallied on Monday afternoon following a brief slump in the early afternoon. Wier, Airtel Africa and Intercontinental Hotels Group led the index’s risers while Autotrader and Melrose Industries dragged on the index. The attention of investors is trained on the other side of the Atlantic, [...]
Billions in pensions go missing: JP Morgan and Standard Life reconnect Brits with lost wealth August 24, 2026 Over £2bn in lost wealth was returned to savers in the first six months of the year, by firms including JP Morgan and Standard Life who want to reconnect Brits with lost money. The initiative, dubbed ‘Billions 4 Millions, returned £2.5bn in lost and uncliamed financial assets to consumers, spanning pensions, investments, savings and financial [...]
Treasury launches business rates review for pubs and hotels August 24, 2026 The Treasury has launched a review into how business rates are calculated for pubs and hotels in the government’s latest bid to boost businesses operating in town centres. Launched on Monday, the government said the review will “look at improving fairness for businesses” and will aim “to ensure the system is fair and transparent, and [...]
A global tram renaissance is underway. Why isn’t London jumping on board? August 24, 2026 London, once home to the world's largest tram network, squandered it all. Nicholas Boys Smith explains how London can get back on track.
Burnham forgets, the Labour Party is a moral crusade or it is nothing August 24, 2026 Voters yearn for loftier ambitions. Burnham must think bigger, yes even than devolution, if he is to meaningfully win back the electorate.
Iranian hackers behind UK energy plant attack August 23, 2026 An attack on an energy facility which was shut down for four days last month was carried out by hackers linked to the Iranian regime. The cyberattack, which is believed to be the first time Iranian-affiliated hackers have successfully infiltrated a UK energy facility, shutting it down. A government spokesperson for the Department for Energy [...]
HMRC mansion tax inspectors to target homes for property valuations August 23, 2026 HMRC will send mansion tax inspectors to homes across the UK to determine whether homeowners should pay more tax under the new levy. The taxman will deploy valuation agents who will be able to demand entry to properties in order to assess whether they are worth over £2m and therefore fall under The High Value [...]
Burnham to hand mayors power to overrule local councils’ planning decisions August 23, 2026 Andy Burnham will give mayors across the UK new powers to overrule planning decisions made by local councils and to greenlight large-scale developments. The prime minister will unveil proposals this week to give regional mayors in 13 areas including Manchester, Liverpool, and the West Midlands, powers to take over planning decisions as well as direct [...]