Andy Burnham to ‘go further’ in business rates reform August 12, 2026 Andy Burnham said he would “go further” in introducing business rates reform after already announcing that property taxes would be cut for pubs in return for higher levies on vape shops. The Prime Minister said he will look to bring in more radical changes to the business rates system as part of efforts to ease [...]
Doctors union tops up £1m reserve pot for strikes August 12, 2026 The trade union for doctors has stashed away hundreds of thousands of pounds more to fund future strike action despite posting another year of losses, new accounts reveal. The British Medical Association (BMA), which represents over 200,000 doctors and students, put aside around £300,000 more funds towards its reserve for industrial action last year, according [...]
Tui hit by Middle East travel chaos and rising fuel costs August 12, 2026 Tui has suffered a slip in earnings at its airlines business as the Iran war continues to wreak havoc on global tourism routes and spike fuel prices. The Frankfurt-listed group, which is the world’s largest travel and tourism firm, swung to a €17m loss in its airlines arm in the six months to June, reversing [...]
Wimbledon won’t slap sponsor on new show court but eye US growth August 12, 2026 Wimbledon is quintessentially British, and its branding is understated. But what’s next for the Grand Slam? Matt Hardy finds out. “I’m not sure it’s Wimbledon style to have a naming right on a court,” the tennis Grand Slam’s marketing and commercial director Usama Al-Qassab tells City AM when asked whether a new show court at [...]
Balfour Beatty ups profit forecasts as it defies construction gloom August 12, 2026 Balfour Beatty has boosted its earnings and cash flow targets, as the construction firm’s “real momentum” defies wider gloom facing the sector. The group, which works with the government on major infrastructure projects, has seen the value of its order book jump by 17 per cent to £22.9bn in the six months to June, as [...]
As it happened: FTSE 100 falls as Iran and US clash over Strait of Hormuz; Oil stockpiles ‘rapidly depleting’ August 12, 2026 Welcome back to City AM liveblog. Oil prices broke above $89 per barrel on Wednesday morning, notching the sixth consecutive sessions amid mixed signals around a potential deal between the US and Iran. The regime in Iran has said that the United States must end the war before they loosen their grip on the Strait of [...]
Aberdeen is back in the FTSE 100 but is Interactive Investor holding it up? August 12, 2026 Five years ago former Aberdeen chief executive Stephen Bird made what would prove to be a disastrous choice when he chose to rebrand the investment manager abrdn. The decision was widely mocked across the Square Mile – including earning the odd jibe in these pages. Some have called Bird’s decision the beginning of his downfall [...]
Lammy’s cohabitation rules threaten unmarried couples with ‘horrendous’ court costs August 12, 2026 Justice secretary Alex Norris is facing backlash from senior legal figures on plans to give unmarried couples court-enforced rights after three years of cohabitation, passed on to him by predecessor David Lammy. The government is currently consulting on proposals to reform British couples’ cohabitation rights, which would give the courts power to intervene when unmarried [...]
The City is awash with talk of an early general election August 12, 2026 Every month since January 2025 we’ve run a nationwide survey of UK voters, with our polling partners Freshwater Strategy. The latest set of results, our 20th survey of voters’ attitudes, landed on Monday and I’ve been going through the data. Here’s an interesting development: For 19 consecutive months we’ve asked voters whether they felt the [...]
Retail investors are returning to UK markets August 12, 2026 For decades, British retail investors have snubbed their home market. But in 2026 things are changing, writes Rupert Hargreaves.