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Business

  • Exclusive: London Irish still exploring Prem and URC rugby entries

    April 29, 2026

    London Irish are continuing to explore a return to professional rugby with routes into both Prem Rugby and the URC being assessed, City AM understands. The club filed for administration in 2023 before being purchased last year by the late Formula 1 team owner Eddie Jordan and the ownership is now looking for a way [...]

  • The AI bubble has a name – and it’s OpenAI

    April 29, 2026

    For three years, Sam Altman has worn the badge of greatest pitchman in the history of tech. He sold the world a vision of artificial general intelligence – a machine that thinks, reasons and creates – and sold investors the bill to build it. The man raised more capital in a single funding round than [...]

  • BT shares dip as Ofcom probes EE and Plusnet data

    April 29, 2026

    Shares in telecoms giant BT Group slid on Wednesday after the regulator Ofcom launched a formal investigation into whether it provided inaccurate or incomplete customer service data through EE and Plusnet. The UK watchdog said it is looking into whether BT complied with legally binding information requests issued in December 2023, under the Communications Act, [...]

  • Badenoch claims Reeves will be ousted as traders warn on Labour’s turn to left

    April 29, 2026

    Tory leader Kemi Badenoch has predicted that Rachel Reeves will be sacked as Chancellor after the local elections in May, as top bankers warn of the impact of any left-turn by the government. Badenoch asked Sir Keir Starmer whether he would “reshuffle the Chancellor” after the May elections, with the Prime Minister not directly commenting [...]

  • Renters’ rights act: what does it mean for landlords, rent hikes, tenants and no-fault evictions?

    April 29, 2026

    The government’s long-awaited renters’ rights act comes into force on Friday, 1 May.  Labour says the new law will “level the playing field” between landlords and tenants, but many in the residential rental sector have been alarmed by the scale of the changes and there are concerns that many independent landlords will exit the market [...]

  • Number of top rate taxpayers surges as frozen thresholds squeeze Brits

    April 29, 2026

    The number of higher and additional rate taxpayers in the UK has soared since the start of the decade as frozen thresholds have dragged nearly two million into paying higher rates of tax despite not being classified as traditional high-paid professionals. According to the latest personal income statistics from HMRC covering the 2023/24 tax year, [...]

  • Trans-Atlantic bid for DCC sends £5bn energy firm to top of FTSE 100

    April 29, 2026

    London-listed sales and distribution services group DCC became the target of a new trans-Atlantic bid for a top-tier FTSE 100 firm on Wednesday, sending its shares soaring. The Dublin-based firm received an offer from famed US private equity house Kohlberg Kravis Roberts & Co, which linked up with Energy Capital Partners. DCC said it had received [...]

  • DP World Tour hits $300m sponsorship record after agreeing HCLTech deal

    April 29, 2026

    DP World Tour sponsorship revenue is set to top $300m for the first time this year after the European professional golf circuit added HCLTech as a top-tier partner. The India-headquartered tech multinational has been named the tour’s official digital experience partner, with an initial focus on building a new website and app to improve fan [...]

  • Jet fuel shortage looms as government scrambles to secure supplies

    April 29, 2026

    The government is scrambling to secure UK airlines’ emergency access to jet fuel as global shipments fall to their lowest level on record. Global shipments of jet fuel have fallen to their lowest level on record, as the blockage to the Strait of Hormuz threatens to suffocate supply to the world’s airlines.  Under 2.3m tonnes [...]

  • UK cannot ‘outsource AI future’, says Netcompany boss

    April 29, 2026

    The boss of Danish tech firm Netcompany has warned that Europe must build its own AI platforms, or risk handing control of its data to the US or China. André Rogaczewski, chief executive of Netcompany, told City AM that AI sovereignty is now a strategic issue for businesses and governments. “Technology is a battlefield”, he [...]

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