Mark Kleinman: BP might do well to plug credibility gap with Soames June 11, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column BP might do well to plug credibility gap with Soames Now that the dust has begun to settle on Albert Manifold’s ousting as BP chairman, the mutual recriminations between the company and its erstwhile leader have begun [...]
SpaceX is preparing for blast off, but will the mega IPO send investors into orbit? June 11, 2026 SpaceX is set to launch the largest retail allocation ever attempted in a megacap IPO as part of its hotly anticipated listing on the Nasdaq tomorrow, with around 30 per cent of shares reserved for retail investors. Bret Johnsen, SpaceX CFO, has said the unusually large allocation is a deliberate recognition of “folks that have [...]
Hospitality leaders ramp up pressure on Labour to slash VAT June 11, 2026 Leaders of top hospitality firms have ramped up pressure on Labour to slash VAT, which they warn is leading to hundreds of thousands of job losses. Pub chains JD Wetherspoon, Fuller’s and Greene King, as well as hotel giant Hilton and Mexican restaurant chain Wahaca, have thrown their weight behind a campaign to cut Value [...]
‘Pendulum swung too far’: AIM hit with 222 delistings ahead of nomad changes June 11, 2026 More than two hundred companies have been forced off London’s junior stock market over the last two decades after losing their corporate adviser in a move that has sparked a regulatory pullback by the London Stock Exchange. Some 222 firms on the alternative investment market (AIM) market have de-listed in the last 20 years after [...]
One in three defence firms ‘can’t find graduates to hire’ June 11, 2026 Nearly one in three defence firms can’t find graduates to hire despite a youth unemployment crisis, a new report has found, as universities have been urged to work more closely with businesses. Research by the University of Manchester and CBI Economics has suggested that skills shortages among young people has made it more difficult for [...]
How The Macallan mastered the long game June 11, 2026 This month’s issue of Whisky Business, City AM’s monthly look at the world of whisky, takes a look at The Macallan and its unique ownership structure. The Macallan is one of the most iconic Scotch whisky brands, having carved out a niche for itself at the luxury end of the market. Bottles have consistently broken records at [...]
Making the jump to self-employment could damage your pension savings June 11, 2026 Employees making the leap into self-employment could put their retirement at risk, with many unlikely to continue saving into a pension upon leaving auto-enrolment. Roughly one in five self-employed workers save into a private pension, compared with around four in five employees, leaving those working for themselves at greater risk of having insufficient savings upon [...]
Mike Ashley’s Frasers makes £1.7bn takeover offer for Hugo Boss June 10, 2026 Mike Ashley’s Frasers Group has moved to tighten its grip on German fashion giant Hugo Boss, tabling a takeover offer in a deal that values the brand at nearly €2bn. The retail empire, which spans Sports Direct and Flannels, already sits as Hugo Boss’s largest investor with a stake north of 25 per cent, and [...]
London Tech Week day three: Workers are adopting AI quicker than their bosses June 10, 2026 How is AI changing the future of the workplace? Russ Shaw reports from day three of London Tech Week.
Reform UK vows to raise VAT threshold to £150,000 June 10, 2026 Reform UK has announced it would raise the VAT threshold for small businesses from £90,000 to £150,000 despite long-running debates over the cost and benefits of reforming the tax. Reform announced on Wednesday it would create a “fair deal for the White Van man” by increasing the VAT registration threshold to £150,000. The party said [...]