Coca-Cola abandons Costa Coffee sale plans as Asda owner bids low January 14, 2026 US beverage giant Coca-Cola has reportedly scrapped plans to sell the world’s second-largest coffee chain after offers from private equity firms came in below expectations. The company brought talks with remaining bidders for Costa Coffee to a halt in December, ending an auction process which had lasted several months, according to the Financial Times. Sources [...]
BP shares fall as net zero plans trigger hit of up to $5bn January 14, 2026 Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025 as the value of green energy projects withered. The FTSE 100 firm said it expects a write-down of between $4bn and $5bn (£3.7bn), as it rethinks its strategy for transition assets and partnerships in the [...]
Exclusive: Former Man United CEO’s firm partners with CVC volleyball league January 14, 2026 Former Manchester United chief executive Richard Arnold’s sport commercial consultancy has entered into a partnership with the CVC Capital Partners-run Volleyball World, City AM can reveal. Red Tiger Marketing will today announce a deal with the league, owned by the private equity giant thrusted into the sporting world through Formula 1, which will “drive the [...]
Prudential names HSBC veteran Douglas Flint as new chair January 14, 2026 Prudential has tapped the former chairman of banking juggernaut HSBC Douglas Flint as its new chair. The London-listed financial services giant said on Tuesday Flint would succeed retiring Shriti Vadera, who has been in the post since January 2021. Flint served as HSBC’s chair from 2010 to 2017, following a stint as group finance director [...]
FTSE 100 Live: BP’s $5bn hit; Prudential taps ex-HSBC chair January 14, 2026 Good morning and welcome back to the City AM liveblog. Investors were taking a back seat to risk on Tuesday after President Donald Trump’s latest salvo on the Federal Reserve rocked global markets. The US Department of Justice opened a criminal investigation into the Fed’s chair, Jerome Powell, as Trump escalated his crusade against the central bank’s [...]
The Debate: Should brands like Heineken be able to alter Tube signs? January 14, 2026 Heineken's temporary takeover of the Bakerloo line has got Londoners riled up. We get two experts to debate the pros and cons.
‘Ambition and delivery are not aligned’ – Starmer’s AI Action Plan, one year on January 14, 2026 Exactly a year ago, Keir Starmer, with the help of Matt Clifford, promised to “mainline AI into the veins” of the UK’s economy. The so-called AI Opportunities Action Plan, a 50-point blueprint unveiled in January 2025, was meant to turn that rhetoric into results, placing the UK on equal footings with the likes of China [...]
Should your business still be on X? January 14, 2026 Ofcom’s inquiry into the systemic risks posed by Elon Musk’s Grok AI for enabling the creation of sexualised images on X has created a significant, foreseeable liability for UK businesses, says Paul Armstrong Many UK businesses seem unwilling to admit it, but they are now operating in dicey waters on X, that. Is it time [...]
Why we should all talk about (and insure against) death January 14, 2026 Brits are naturally squeamish about death. But talking about the subject, and managing it financially, can be a gift for our loved ones.
Sheffield United cut ties with data firm over takeover bid for rivals Wednesday January 14, 2026 Sheffield United have terminated their consultancy contract with Short Circuit Science after the data company was named the preferred bidder of rivals Sheffield Wednesday last month. The business founded by former professional poker player James Bord had been advising Sheffield United on new signings and recommended the recruitment of Ruben Selles as manager last summer, [...]