Gareth Southgate hits out at WFH and warns high taxes are harming youth unemployment September 9, 2026 Former England manager Sir Gareth Southgate has said he is against working from home and argued that young people need workplace mentors to develop their careers. On a trip with the Neets tsar Alan Milburn, Southgate hit out at companies’ working from home policies and linked it to the joblessness crisis facing under 25-year-olds. “What [...]
The art of the deal: Decisiveness can be better than capital September 9, 2026 After 30 years as an investment banker, Mervyn Metcalf knows that capital isn't always the most important part of a deal.
London bags $9bn US AI firm Replit’s first overseas office September 9, 2026 Replit, the $9bn (£6.64bn) US AI coding start-up, has picked London for its first international office as the capital continues to attract some of Silicon Valley’s fastest-growing AI companies. The San Francisco-based company has opened in King’s Cross and will use London as the base for its European operations, with plans to double its local [...]
Victoria Beckham’s fashion empire warns on ‘uncertain’ future September 9, 2026 Victoria Beckham’s luxury fashion empire has warned on its future, cautioning that the group will have to seek emergency funding if its lenders demand their money back. The former Spice Girl‘s up-market label returned a profit for the first time in the year to December but warned that the “material uncertainties” it faces could cast [...]
England Rugby in first ever back-of-shirt deal with £5m a year Lloyds signing September 9, 2026 Banking giant Lloyds has become England Rugby’s first ever back-of-shirt partner after the world’s richest union added the City staple to its sponsorship portfolio. It comes six months after City AM revealed Lloyds had held talks with England chiefs over back-of-shirt and back-of-shorts sponsorship. The deal will see the financial giant’s logo appear above the [...]
Gym Group upgrades outlook as Gen-Z shrugs off heatwave and World Cup September 9, 2026 Gym Group has upgraded its outlook after tempting Gen-Zers into its gyms throughout the summer, despite the distractions of the World Cup and multiple heatwaves. Will Orr, chief executive of the no-frills gym provider, said the group is still on course to deliver three per cent sales growth despite a “noisy macro [environment], some hot [...]
Oil hits $100 a barrel as Iran war escalates September 9, 2026 Oil prices hit $100 per barrel for the first time since July on Wednesday morning as new strikes in the Middle East sparked fresh concerns for global oil supplies. Brent crude – the international benchmark for oil prices – jumped more than two per cent, hitting $100 per barrel after making consistent gains from the [...]
Playtech’s legal spat with rival deepens after publication of secret report September 9, 2026 Playtech’s long-running legal feud with rival Evolution has deepened after the gambling software firm claimed a previously-hidden report proved its competitor was “problematic” and made money in banned markets. The London-listed firm has been in fierce spat with Evolution since 2020 when Playtech hired an intelligence firm to investigate its Swedish rival. But new proceedings [...]
Gatwick and Heathrow warn of delays after air traffic control meltdown September 9, 2026 Airports including Gatwick and Heathrow have warned of further delays as they work to clear a backlog of flights following disruption to the country’s traffic control system yesterday. Both of the London hubs said flights had resumed on Wednesday but warned of longer wait times and urged passengers to check if their flights were going [...]
As it happened: FTSE 100 dives as oil prices surge past $100 in blow to inflation September 9, 2026 Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index fell on Wednesday as oil prices reared up yet again, reaching six-week highs. Speaking late on Tuesday, Andrew Bailey caused fresh speculation that the Bank of England could hike interest rates when he said that risks to inflation remain “on the upside”. The [...]