Rachel Reeves to unveil next steps for ring-fencing reform at Mansion House July 13, 2026 Rachel Reeves will outline the next steps of her ring-fencing reforms at Mansion House on Tuesday, City AM can reveal, in what is expected to be one of her last acts in the Treasury. The Chancellor will launch a consultation to seek industry input on the implementation of a package of reforms announced in May, including the [...]
‘Brutal onslaught’: Brewery McMullen’s takes aim at Reeves’ tax hikes after pub sell-off July 13, 2026 One of the UK’s biggest family-owned brewers has taken aim at Chancellor Rachel Reeves’ tax hikes after it sold off more than a quarter of its pub estate. Hertfordshire-based McMullen’s, which owned over 100 pubs before offloading 30 of them in January, has warned it is likely to struggle to stay profitable in the years [...]
Burberry boss faces shareholder revolt over bumper £9.4m pay package July 13, 2026 Burberry is bracing for a shareholder revolt over a new pay package which could hand the fashion house’s boss nearly £4m in extra bonuses. The British fashion house, known for its iconic trench coat and checked scarves, wants to change its bonus pay structure to allow it to hand chief executive Joshua Schulman a shares [...]
Moneybox boosts London’s Pisces market in ‘milestone’ £45m sale July 13, 2026 Moneybox has granted London’s novice private markets platform another major boost after confirming a £45m employee share sale. The move has been hailed a “milestone transaction” in the City’s efforts to keep tech firms from looking for opportunities abroad. The fintech will use the London Stock Exchange’s Private Intermittent Securities and Capital Exchange System (PISCES) [...]
Former Virgin Money chief set to lead Financial Reporting Council July 13, 2026 The former chief executive of Virgin Money has been selected as the government’s preferred candidate to lead the UK’s accountancy regulator following the expected departure of Sir Jan du Plessis. Dame Jayne-Anne Gadhia was named by Business and Trade Secretary Peter Kyle to replace du Plessis for a four-year term overseeing the Financial Reporting Council [...]
JP Morgan’s Jamie Dimon under fire over whether he lobbied Treasury on Epstein advice July 13, 2026 The boss of JP Morgan is facing mounting scrutiny from US lawmakers on whether he lobbied the UK government on tax affairs on the advice of convicted sex offender Jeffrey Epstein. Jamie Dimon – who is well-regarded as one of the world’s most influential figures in finance – said under oath in 2023 that he [...]
Magic circle Freshfields ousts equity partners amid US push July 13, 2026 Senior staff are bracing for a shake-up at magic circle law firm Freshfields, as partners have been forced out to boost growth and fund its US expansion. The City-based firm has ousted several equity partners in recent weeks across several European offices, including London, according to the Financial Times, as it focuses on growth. Speaking [...]
Rory Sutherland joins Adam Smith Institute as senior fellow July 13, 2026 Advertising executive Rory Sutherland has joined free-market think tank the Adam Smith Institute as a senior fellow, strengthening the organisation’s efforts to promote behavioural economics and free-market policy as the UK grapples with sluggish growth. Sutherland, vice chairman of advertising giant Ogilvy and one of Britain’s best-known marketing figures, will advise the Institute on how [...]
Fresh tech sell-off fears as investor chip frenzy cools July 13, 2026 Chipmaking stocks plunged in Seoul and New York on Monday as investors opted to cash out of SK Hynix following a blistering share price rally following its Nasdaq debut last week. The Kospi, Seoul’s blue-chip index, tumbled 8.9 per cent to 6,806.9 points, dragging it further from the 9,000 mark it was touching just under [...]
Bargain: England World Cup semi tickets vs Argentina just $2,700 July 13, 2026 Deep-pocketed fans can watch England in the Fifa World Cup semi-final against Argentina for $2,700. England earned a spot in their second World Cup semi-final in three tournaments with a nervy 2-1 extra-time victory over Norway on Saturday night and have been rewarded with a last four tie against the defending champions Argentina. The semi-final [...]