Fifa election twist as Prince Ali drops ‘coercion, threats and bribes’ claim October 26, 2026 Infighting in Asia over the future of Fifa has taken a fresh twist after Prince Ali bin Hussein of Jordan appeared to retract claims of “coercion, threats” and “bribes”. Prince Ali spoke out in a social media post on Sunday, days after the head of the Asian Football Confederation, Bahrain’s Sheikh Salman bin Ibrahim Al [...]
Anthropic reveals $80bn loss as AI giant files for blockbuster IPO October 26, 2026 Anthropic has revealed an $80.7bn (£60bn) first-half loss as the AI giant filed for a blockbuster US stock market listing that could value the company at up to $2 trillion. The Claude developer published its long-awaited IPO prospectus with the US Securities and Exchange Commission on Monday, offering investors their first detailed look at its [...]
Revolut founder accused of hatching a ‘scheme’ to avoid fees in superyacht row October 26, 2026 The billionaire founder of Revolut has been accused of hatching a “scheme” to avoid paying brokerage fees in a row over a superyacht said to cost €350m. In new legal filings, seen by City AM, Nik Storonsky is accused by a luxury superyacht broker of “secretly negotiating” to buy the vessel “behind the back” of [...]
Financial advisers feel the effects of Reeves’ final tax raid as Healey’s Budget looms October 26, 2026 Financial advisers are feeling the effects of Rachel Reeves’ final Budget, as families brace for billions of pounds of tax rises regardless of what chancellor John Healey announces at the despatch box later this week. From April next year, the sweeping shake up to the tax system announced by Reeves in 2025 will come into [...]
Sheikh Mansour doubles down on Manchester City with £100m injection despite legal row October 26, 2026 Sheikh Mansour has reaffirmed his commitment to City Football Group despite Manchester City’s ongoing legal battle with the Premier League by investing a further £100m. Filings at Companies House show that 11,327,163 new shares in CFG were allotted on 14 October, raising the nine-figure sum. A spokesperson for CFG confirmed to City AM that the [...]
The Big Bang transformed the City of London – 40 years on, can it happen again? October 26, 2026 The City of London was changed forever by a sweeping package of deregulation in 1986, known as the Big Bang. Forty years on – and facing existential threats – can the Square Mile reinvent itself again? When Alasdair Haynes left work as a young options trader on Friday 24th October 1986, he didn’t know what [...]
Tech bosses warn Chancellor UK risks surrendering to foreign AI giants October 26, 2026 Britain risks becoming dangerously dependent on foreign tech giants unless the government develops a comprehensive strategy for its own AI, industry leaders have warned the Chancellor ahead of his Budget on Wednesday. UKAI, which represents more than 270 AI businesses, has urged John Healey to commit substantial funding to a national sovereign AI strategy, warning [...]
Plus500 finance chief says US listing ‘always on table’ October 26, 2026 The finance boss of Plus500 has said a US listing is “always on the table” as the fintech firm turns to North America for its next phase of growth. Elad Even-Chen, chief financial officer at Plus500, told City AM: “We always keep assessing all the opportunities. It’s our duty as a public company.” “It’s something [...]
Sadiq Khan urges banks to stay in London as tax raid looms October 26, 2026 Sadiq Khan has urged London’s biggest banks to keep investing in the UK, days away from an expected tax raid on the sector. On Monday, the Mayor of London said the City’s banking sector is “really important” but refused to say whether he opposed the tax raid, adding that “those with broader shoulders carry the [...]
Healey’s state pension shield could create ‘messy £200m cliff edge’ October 26, 2026 The Treasury’s plans to shield low-income pensioners from income tax could lead to a “messy” cliff edge and a ballooning bill for future governments, a former pensions minister has warned. Chancellor John Healey will use his maiden Autumn Budget this week to protect nearly one million retirees who are dependent on the state guarantee by [...]