Elon Musk’s X suffers sales and profit slump before Grok fallout January 9, 2026 Turnover and profit at the UK arm of X fell sharply in its second year after being taken over by Elon Musk, it has been revealed. The division’s turnover was slashed from £69.1m to £28.8m in 2024, accounts filed late with Companies House show. The results also confirm that Twitter UK’s pre-tax profit was cut [...]
City pushes back against closer ties with EU January 9, 2026 Keir Starmer’s plan to foster closer economic ties with the European Union is likely to exclude financial services after senior City figures pushed back against the reintroduction of EU regulations. The prime minister has called for “closer ties” with the EU in a bid to boost economic growth, with senior cabinet members including justice secretary [...]
Glencore shares surge after FTSE 100 miner merger talks revealed January 9, 2026 The global mining landscape is bracing for a seismic shift after Rio Tinto and Glencore confirmed they are in talks regarding a potential merger. A tie-up between the two FTSE 100 titans would create the world’s largest mining entity, boasting a combined enterprise value of approximately £190bn. Glencore shares rallied nine per cent in early [...]
FTSE 100 Live: Sainsbury’s and Unite dish shareholders cash; Mining merger talks January 9, 2026 Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot of the industry’s December performance. Tesco came out swinging, revealing its market share had climbed to the highest in 10 years after a Christmas sales [...]
London arts sector must learn to speak corporate to save itself January 9, 2026 To protect the vital arts sector, London's creatives must learn the corporate walk and talk, writes Austin Casey.
Fiscal rules are a ‘self-awarded badge of honour’ that ‘make no difference’ January 9, 2026 Fiscal rules are “largely ineffective” and fail to impose discipline on public expenditure, a new report has said, bringing into question claims made by UK Chancellors and the International Monetary Fund that a clear list of targets can stabilise public finances. Chancellor Rachel Reeves has held up her “iron-clad” fiscal rules, which hinge on changing [...]
A London Broncos success story will shape rugby league in capital January 9, 2026 Come this time next weekend an Australian rugby league legend, some of his countrymen and thousands of Londoners will gather at AFC Wimbledon’s Plough Lane as a renewed London Broncos take to the field in the Championship. One of only two English clubs in the top two tiers of rugby league south of Warrington, London [...]
Peers warn ‘passive’ Treasury not aware of private credit risks January 9, 2026 The Treasury is being too passive about the risks posed to the economy by the rapid growth of private credit in the UK, according to an influential group of peers who accused ministers of “handing out the donkey work” of overseeing the sector to regulators. In fresh report examining the systemic risk posed by private [...]
Breakthrough for Leeds United after key Elland Road stadium decision January 8, 2026 Leeds United’s Elland Road is set to for major redevelopment after approval was granted for the expansion of the club’s West Stand. The Premier League club, who were promoted last summer, submitted plans to Leeds City Council last year that would see their stadium’s capacity expand from 37,645 to approximately 53,000. And on Thursday a [...]
Financial services suffer ‘rapid’ fall in business January 8, 2026 Financial services are suffering from a “rapid” fall in business activity, new survey data has shown, pointing to investors’ struggles to revive a spluttering UK economy. The Confederation of British Industry (CBI)‘s figures suggested financial services companies experienced a decline in business volumes and profitability at the end of last year, hitting confidence across the [...]