National Audit Office launches review into Capita’s handling of civil service pension scheme October 2, 2026 Capita has said the public spending watchdog has launched a review into its administration of the Civil Service Pension Scheme, after admitting its performance “remains below” the standards expected. The National Audit Office (NAO) has launched a further formal review into the London-listed outsourcer’s handling of the scheme, building on the watchdog’s initial June 2025 [...]
Aldi debt jumps by £100m as profit slips at discount grocer October 2, 2026 Aldi took on more than £100m in net debt last year, as the discount grocer’s profit slipped despite its blockbuster expansion plans. The supermarket chain, the UK’s fourth largest, saw its net debt grow by a fifth in 2025, from £717m to £862m. Aldi’s jump in debt comes despite the grocer’s plans to expand rapidly [...]
IG shares plunge as it slashes revenue forecast October 2, 2026 IG’s shares plunged in early morning trading on Friday after it was forced to cut its annual revenue forecast. The spread betting company saw its share drop 26 per cent to 950p per share. Shares are down 23.7 per cent since January. The sharp fall follows the group’s revenue falling 14 per cent year on [...]
Diesel crisis: UK minister holds emergency talks with US energy secretary October 2, 2026 Energy secretary Miatta Fahnbulleh is holding crunch talks with her American counterpart about an escalating diesel spat that has seen Treasury secretary Scott Bessent urge Europe to release emergency reserves “immediately”. City AM understands that Fahnbulleh is in direct contact with US energy secretary Chris Wright to discuss a US move to potentially choke off [...]
Wetherspoon boss attacks Labour for ‘high street dereliction’ as profit falls October 2, 2026 Pub chain Wetherspoon has hit out at the government for causing “high street dereliction” by hiking taxes, as the company’s profit slipped by a quarter. The London-listed pub group saw revenue jump by five per cent to £2.2bn in the year to July – in line with analyst forecasts – though pre-tax profit fell further [...]
As it happened: Stocks bounce as G7 approves emergency oil release after bound rout October 2, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
For Manchester City 2026, see Saracens 2019 October 2, 2026 For Manchester City 2026, see Saracens 2019. Cheating in sport is common on the pitch and it probably happens a lot more than we’d care to admit off it. But sometimes it is blatant and sometimes it is brazen. The independent commission’s verdict on 115 charges lodged by the Premier League against Manchester City was [...]
Meet the winners of the Santander X UK Awards 2026 October 1, 2026 Santander’s flagship entrepreneurship competition, the Santander X UK Awards, gives university ventures, startups and SMEs the chance to pitch for a share of £150,000 in equity-free funding. Some 90 businesses were shortlisted across three categories this year, before being narrowed down to nine finalists. The judging panel included Baroness Nicky Morgan, Google’s Adam Khalifa and [...]
Aldermore puts jobs at risk in retreat from invoice finance market October 1, 2026 Aldermore is weighing a round of layoffs as it consults on plans to scale back its invoice finance business ahead of a sale, City AM can reveal. The Reading-headquartered lender is discussing plans to shrink its invoice finance division and slash the amount of customers it serves in the market, sources told City AM. The [...]
On this day: Concorde first breaks the sound barrier October 1, 2026 On this day, the 1st October, in 1969, Concorde first showed off its real party trick - breaking the sound barrier, writes Eliot Wilson.