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Business

  • Wimbledon stars Sinner and Sabalenka drop threat after progress in prize money talks

    June 29, 2026

    Leading men’s and women’s tennis players have dropped their threat of a media protest over pay and conditions at Wimbledon after securing last-minute concessions from SW19 chiefs. Stars including Aryna Sabalenka and Jannik Sinner had warned they would limit media commitments to 15 minutes at this year’s Championships, which begin today in London, in response [...]

  • BT tops FTSE 100 after finding new home for international business with Verizon joint venture

    June 29, 2026

    BT unveiled a new home for its international operations on Monday, in a move the £19.5bn firm called a “milestone”, which sent its shares to the top of the FTSE 100. A joint venture with Verizon of the US will target multinational customers and help the former monopoly concentrate on its domestic market. BT will [...]

  • ‘Sh*tloads to come’: London takeover spree set to accelerate

    June 29, 2026

    At a gathering of some of London’s top bankers in the City of London last week, the mood was one of uncertainty.  On the one hand, London’s dealmakers are not in want of work. In the past two weeks alone Easyjet has opened the door to an approach from American private equity firm Castlelake, Ramsdens [...]

  • ‘Corbyn was spot on’: The radical MP shaping Burnham’s economic agenda

    June 29, 2026

    Miatta Fahnbulleh is one of Andy Burnham’s key confidants, spearheading his agenda on energy, devolution and the cost of living. Policies the MP for Peckham has previously endorsed suggest the country is in for a sharp leftward lurch, writes Ali Lyon. The red wall had been demolished. Boris Johnson, imperious. And Jeremy Corbyn’s Labour movement [...]

  • As it happened: Supreme Court blocks Trump sacking; Andy Burnham vows ‘greater public control’; Comcast spin-off

    June 29, 2026

    Good afternoon from the City AM liveblog team. News of a major spin-off deal in the media sector is providing the main talking point during the New York trading day, helping lift stocks up after the tech sector weighed on the market over the previous session. Sky owner Comcast’s announcement that it will set up [...]

  • Wimbledon: Majority of £350,000 debentures sold to overseas fans

    June 29, 2026

    The majority of premium Wimbledon debentures are being purchased for over £350,000 by overseas fans as sellers cash in on its exclusivity. Weekly auctions run by Dowgate Capital, the official broker of Wimbledon, are seeing prices surge beyond the initial issue price of £116,000 with most of the debentures being sold in pairs and therefore [...]

  • Bank of England chief economist ‘not trying to be a troublemaker’ on rates split

    June 29, 2026

    The Bank of England’s chief economist has warned fellow policymakers over the risk of becoming “complacent” towards the cost of living as he defends his recent calls to hike interest rates.  Huw Pill, a member of the central bank’s Monetary Policy Committee, has voted twice to increase rates to 4 per cent in the committee’s [...]

  • A meeting with the breakfast king of Mayfair

    June 29, 2026

    He’s a life insurance salesman who dines at Claridge’s thrice daily. Anna Moloney meets the breakfast king of Mayfair.

  • Mercedes-Benz slammed for swerving payout for car with ‘serious safety risk’

    June 29, 2026

    Mercedes-Benz’s finance arm has been slammed by the UK’s banks ombudsman for “very poor” handling of a motor finance dispute where a consumer’s car showed “serious” electrical faults.  The financial services arm of the German carmaker has been ordered to refund with interest 50 per cent of all monthly payments made by a customer after [...]

  • Burnham to unveil plans for devolution and ‘reindustrialisation’

    June 28, 2026

    Andy Burnham will unveil plans to devolve power away from London and shift some government operations to a “Number 10 in the North”, as the Prime Minister-to-be calls for a change in “how Britain is governed”. In a speech focused on growth on Monday morning, Burnham will say that a 10-year plan will focus on [...]

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