Voi rides on in London borough despite council order August 13, 2026 Voi is continuing to operate hundreds of e-bikes in Ealing despite the council choosing Lime and Forest to run its new rental scheme, City AM understands. The Swedish e-bike operator has not removed its fleet after its previous agreement with the west London council expired at the end of July, leaving three companies operating in [...]
Royal Hospital Chelsea to host top Arabian horse competition August 13, 2026 London is set to increase its status as a major sport staging destination with Royal Hospital Chelsea this weekend hosting some of the world’s top horses. The Global Champions Arabians Tour will descend on the home of the Chelsea Pensioners over three days this weekend in an event that is set to see fierce competition [...]
Revolut chatbot goes rogue by charging users to cancel subscription August 13, 2026 Revolut’s chatbot has threatened to charge customers who wanted to cancel their premium subscription because a key membership perk was reduced, City AM understands. The digital bank’s automated assistant – formerly known as Rita, or ‘Revolut’s Intelligence Troubleshooting Assistant’ – has ordered customers to pay a break fee when they requested to cancel their subscription. A [...]
Vodafone defends migrant SIM scheme after Reform threat August 13, 2026 Vodafone has defended its charity SIM card programme after Reform UK threatened the telecoms giant with government contract bans and its bosses with prison over thousands of cards distributed through Care4Calais. The telecoms group said its programme provides SIM cards to registered UK charities for distribution to vulnerable people in Britain, after Reform shadow home [...]
Brompton Bicycle sues former adviser for ‘professional negligence’ August 13, 2026 Folding bike firm Brompton Bicycle is set to sue its former accounting and tax advisor AAB Group for professional negligence, City AM can reveal. London-based Brompton has launched legal action in the High Court against the Scottish-headquartered business advisory firm, according to court records. The defendants are listed as AAB Business & Tax Advisory LLP, [...]
Legora eyes $10bn funding valuation four months after last raise August 13, 2026 AI legal tech firm Legora is eyeing a new funding round as it aims for a $10bn valuation, nearly double the $5.6bn it raised in April. The Stockholm-based startup, which creates AI tools for law and professional services firms and corporate in-house legal teams to draft and review documents, is reportedly in the early stages of [...]
Where Mbappe will go if he breaks up with Nike August 13, 2026 With rumours swirling about Kylian Mbappe’s future with Nike, marketing expert Steve Martin breaks down what could come next. I have spent more than 30 years working in sports marketing, and one of the most consistent truths I have learned is that the football boot market is one of the most tightly controlled consumer categories [...]
Mike Ashley’s Frasers snaps up Harvey Nichols August 13, 2026 Mike Ashley’s Frasers Group has bought Harvey Nichols, plucking the struggling luxury department store from the jaws of insolvency. The group, which also owns Sports Direct and Flannels, has acquired each of the chain’s stores, excluding the site in Dublin, from FTI Consulting through a pre-pack administration process. Frasers’ acquisition of Harvey Nichols marks the [...]
Capgemini MD: London must keep reinventing itself August 13, 2026 Each week, we dig into the memory bank of the City's great and good. Today, Capgemini UK MD Rob Walker takes us through his career in tech.
Grandparents fund university degrees to avoid inheritance tax net August 13, 2026 Wealthy grandparents are choosing to fund their grandchildren’s university education over leaving a large inheritance as they look to avoid the shake up to the tax system. The bank of grandma and grandad has played a greater role within UK families in recent years, as parents continue to be squeezed by rising costs. In particular, [...]