London house prices fall again as property slowdown drags on July 22, 2026 London house prices fell again in May as uncertainty over Andy Burnham’s premiership dampened market confidence. The average house price in the capital slipped by 3.7 per cent to £545,000 in the year to May, according to the Office for National Statistics (ONS). Prices jumped in the rest of the country, though the headline rate [...]
Lucy Rigby back as City minister July 22, 2026 Lucy Rigby has been demoted to City minister after a stint as the chief secretary to the Treasury. Rigby, who previously served in the role under Keir Starmer, was moved from her cabinet role by Burnham and will now return to the dual brief of economic secretary to the Treasury and City minister. The former [...]
Former Lloyd’s chief John Neal breached rules with undisclosed relationship July 22, 2026 Former Lloyd’s of London chief executive John Neal fell “significantly below” expected standards in his workplace relationship with a colleague, an independent legal review by Freshfields has found. Neal had run the historic London insurance marketplace for over six years when he stepped down last year. He was in line to become president of general [...]
Bad news: Reach share price sinks amid digital headache and falling print sales July 22, 2026 London listed publisher Reach continued to feel the impact of declining online views and lower print circulation, as the company continues to navigate the changing media landscape. The group’s share price sank 19.5 per cent in early trading to 47.4p, bringing the stock down 13.6 per cent since January after the company suffered a sharp [...]
Tiktok pledges three-stage age checks as it pilots alcohol sales July 22, 2026 Tiktok will strictly enforce age checks to block under-18s from buying or even viewing alcohol on Tiktok Shop, City AM understands, as it expands into one of retail’s most tightly regulated categories. The social media giant said its ecommerce platform is strictly for adults and that alcohol sales are being piloted only with a small [...]
Wetherspoon shares dive as pub chain warns on profit again July 22, 2026 JD Wetherspoon shares slumped after it issued its fourth profit warning this year, as the pub chain grapples with surging food and energy costs and a rising business rates bill. Tim Martin, founder and chairman of the UK’s best-known pub chain, said: “Profits for the year are likely to be below market expectations, with marginally [...]
What every dealmaker should know about the limits of general-purpose AI tools July 22, 2026 Connecting AI to deal documents is only the first step. The real advantage comes from building intelligence across the deal life cycle. As artificial intelligence (AI) adoption accelerates across mergers and acquisitions (M&A), many firms are mistaking connectivity for intelligence. Connecting a large language model (LLM) to a traditional virtual data room (VDR) through model [...]
‘False dawn’: June inflation falls to 2.6 per cent but analysts say rises ahead July 22, 2026 Inflation remained stuck above the Bank of England’s target rate despite government promises to tackle the cost of living. The Office for National Statistics said consumer price index (CPI) inflation was 2.6 per cent in the year to June. Analysts predicted the price growth reading to be 2.7 per cent, lower than the 2.8 per [...]
As it happened: Stocks rise but oil tops $95; inflation eases July 22, 2026 Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and new Chancellor John Healey secured an early boost after the Office for National Statistics (ONS) revealed that inflation slowed in June. Headline CPI inflation dipped from 2.8 per cent in May to 2.6 per cent in June. Grant Fitzner, chief economist at the [...]
Layoffs and an executive exit: What’s going on at London’s first listed law firm? July 22, 2026 Gateley, the City’s first listed law firm, is set to lose its chief executive and axe dozens of jobs as it grapples with a swelling cost base and fears of a slowdown in client spending. The group, which is listed on the London Stock Exchange’s Alternative Investment Market (AIM), informed shareholders on Tuesday that chief [...]