M&G: FTSE 100 giant hits out at Rayner’s ground rent cap as it suffers loss September 3, 2026 Asset manager M&G has swung to a loss driven by the Labour government’s introduction of a cap on existing ground rents. The FTSE 100 group hit out at the government after it reported a £165m loss for the first six months of the year, driven by a £325m write-down eating into its bottom-line. In its [...]
Crest Nicholson slashes housebuilding targets in ‘difficult’ summer September 3, 2026 Crest Nicholson has cut back its housebuilding and earnings targets as crunch talks with lenders drag on. The London-listed builder now expects to build up to 1,400 homes this year, compared to earlier forecasts of as many as 1,500. It expects to make an earnings loss of £10m, having previously guided to a profit of [...]
Greater fool theory helps to explain Premier League’s record £3.5bn transfer window September 3, 2026 The transfer window has left Ed Warner’s head in a spin and even the most devoted football nut must have struggled to keep up, he writes. The football transfer window closed on Tuesday night, with over £3bn splashed out by Premier League clubs for the second summer running. In the end, Everton didn’t sell their [...]
Regit and City AM join forces to drive automotive engagement September 3, 2026 Digital garage platform Regit has announced a partnership with City AM to produce the publication’s motoring content and integrate digital ownership features. The arrangement aims to place automotive brands directly in front of the publisher’s senior corporate audience. City AM attracts 2.5m monthly readers, with 65 per cent operating in chief executive and senior executive [...]
As it happened: Vodafone leads FTSE 100 rally after TV launch; oil jumps again September 3, 2026 Welcome back to the City AM liveblog. Telecoms giants Vodafone and Airtel Africa led a FTSE 100 rally on Thursday afternoon. Investors brushed off early losses caused by the steep sell-off in the the bond market. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing [...]
Paragon MD: Planning system is quashing UK developers’ ambition September 3, 2026 We dig into the memory bank of the City's great and good. Today, Neal Moy, MD at Paragon Development Finance, takes us through his career.
Burnham calls for honesty then sticks his head in the sand September 3, 2026 Andy Burnham declared this week that “change begins with honesty.” My ears pricked up. Was our new Prime Minister about to deliver some hard truths? Of course he wasn’t. The honesty Burnham had in mind was very much “his truth” rather than “the truth.” We were told that all the country’s problems were down to [...]
Formula 1 chiefs cool speculation of 12th team on grid September 3, 2026 Formula 1 chiefs have cooled speculation that a 12th team could join the grid before the end of the decade. The global motor sport series saw the number of teams rise from 10 to 11 earlier this season when Cadillac joined the grid, and FIA chief Mohammed Ben Sulayem has previously said he is open [...]
Holiday Inn owner IHG urges Burnham to drop tourist tax September 3, 2026 The UK boss of Holiday Inn-owner IHG has urged Andy Burnham to drop plans for a tourist tax, which they said will deter tourists and investors from the country’s hospitality sector. Neetu Mistry, the hotel group’s UK and Ireland managing director, told City AM that she has directly warned the government against the policy, which [...]
The Debate: Is university now a waste of money? September 3, 2026 As graduates struggle to find jobs, let alone those that are well paid, is university still worth the cost? We hear the case for and against.