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 [...]
Hammersmith Bridge is a test for Burnham’s place-based growth August 21, 2026 Putting forward funds to reopen Hammersmith Bridge is not special pleading for the capital, it is common sense, writes Tolga Inanc.
Premier League: US owners dominate over half of 20 clubs August 21, 2026 The Premier League returns this evening for its 35th season, and clubs have become commodities traded by some of the world’s richest and most influential investors. From private equity funds to billionaires to sovereign wealth, this current crop of 20 team owners – this season seeing Hull City, Coventry City and Ipswich Town replacing Burnley, [...]
The decline of Harvey Nichols is a tale of London’s decline too August 21, 2026 The decline and fall of Harvey Nichols is not just another business story. It is a warning about the crisis engulfing London’s high streets.