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Business

  • The Debate: Is Count Binface funny?

    August 12, 2026

    You won't catch our comment editor cracking a smile at the intergalactic space warrior, but is Count Binface entirely unfunny?

  • Revealed: Natwest banked company used by MFS founder to ‘siphon off’ funds

    August 12, 2026

    Natwest provided banking services to a company allegedly used by the founder of collapsed property lender MFS to divert investors’ cash and “siphon off” funds, City AM can reveal. The bank held the day-to-day account for Twinwin, a company that was allegedly used by Market Financial Solutions founder Paresh Raja to generate fees from clients’ [...]

  • Brits think supermarkets are profiteering – despite slowing food inflation

    August 12, 2026

    The majority of Brits think that supermarkets are profiteering from rising food prices caused by the Iran war despite the Chancellor John Healey recently admitting there was little evidence of the practice, new polling has revealed.  Some 70 per cent of UK voters believe that supermarkets are making “excessive” profits from food inflation, according to [...]

  • John Lewis’ new boss faces a battle to boost online sales

    August 12, 2026

    Another cloud appeared in an already gloomy sky for John Lewis on Monday, when its managing director, Peter Ruis, announced his surprise departure. Just days before, an internal interview with the group’s chair, Jason Tarry, was leaked to the press, in which he warned of a “really tough” period for the firm.  Ruis’s decision to [...]

  • Chelsea fans stunned as ticket sharing equated with sexual misconduct

    August 12, 2026

    Chelsea have stunned supporters by equating unauthorised ticket sharing with sexual misconduct in their sanctioning guidelines for the new season. Premier League clubs are cracking down on ticket misuse but long-standing season ticket holders, who have long shared log-ins and built networks to help each other buy tickets, feel unfairly targeted. Bots and touts remain [...]

  • ChatGPT to follow Claude’s watermark pledge – but Grok to swerve it

    August 12, 2026

    Elon Musk’s Grok is poised to swerve rivals’ plans to ‘watermark’ all artificially-generated content, City AM understands, after refusing to sign up to a European push forcing firms to make AI content traceable. xAI was the only major large language model maker to shun a European Union-led move to tighten AI transparency rules that means [...]

  • The European fintech American dream is being called into question

    August 12, 2026

    A double US banking application blow has called into question the fintech dream of landing on Wall Street. In this week’s column, Samuel Norman takes a look at the expansion roadmap for Europe’s top fintechs as well as the latest response to the booming profits in UK banks half-year reports. Denied, denied, withdrawn. That is [...]

  • IT consultant ordered to pay £50,000 after being accused of stealing Soho House members’ personal details

    August 12, 2026

    An IT consultant was ordered to repay £50,000 to his employer after being accused of stealing the personal details of members of London’s biggest private members’ club. Amit Sharma allegedly threatened to leak personal information of more than 50,000 members of Soho House unless he was sent a “seven figure” sum following a dispute over [...]

  • Energy discount scheme for homes near new pylons branded ‘bribe’ by Reform

    August 12, 2026

    Households around north London and a series of other places where new pylons are being built will receive electricity bill discounts from next year in a scheme branded as a “bribe” by Reform UK.  Families living in more than 40 locations across Britain — mostly in Scotland — will receive biannual cash discounts on bills. [...]

  • Inside Formula 1’s £10,000 hospitality ticket on the back of a moving lorry

    August 11, 2026

    Formula 1 is expanding the roll-out of a £10,000-per-head hospitality experience which allows VIPs to dine on the track aboard a “travelling dining room”. The Out Lap kicked off in Spa before the summer break but will continue in Zandvoort, Monza and Madrid after a sell-out in Belgium as part of the mega-deal between Formula [...]

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