London house prices slump following Budget chaos December 17, 2025 London house prices have fallen by more than two per cent year on year, as Budget chaos took its toll on a volatile housing market. The average house price in London for October was £547,000, down 2.4 per cent from the previous year, according to the Office for National Statistics (ONS). Property experts said this [...]
Rugby league woes as Oldham RLFC faces winding-up by HMRC December 17, 2025 Oldham RLFC, a club in rugby league’s Championship, was hit with formal legal action by the British tax authority this week, City AM can reveal. In the High Court system, HMRC filed a winding-up petition against Oldham Rugby League Football Club 1876 (Oldham RLFC) on Tuesday. A winding-up petition is a formal notice by a [...]
Monzo shareholders plotting chair coup after top boss was ousted December 17, 2025 A group of Monzo shareholders are plotting a coup to oust the chair of the fintech following the shock exit of chief executive TS Anil. The investors, which include venture capital firms Accel and Iconiq, have strapped up with lawyers as they lobby to reinstate Anil, who is set to be replaced by ex-Google executive [...]
Murray-backed Hexagon Cup to become global padel series in deal with LIV Golf creator 54 December 17, 2025 The Hexagon Cup, the team-based padel competition backed by stars including Andy Murray and Rafael Nadal, is to expand into a global circuit, the Hexagon World Series. It will see multiple events take place around the world each year under the governance of the International Padel Federation, and aligned with the elite Premier Padel circuit [...]
Stella McCartney: Losses widen as sales hit 15-year low December 17, 2025 Losses widened at Stella McCartney’s fashion brand in the year the designer bought LVMH out of its stake as its sales fell to their lowest level since 2009, it has been revealed. New accounts filed with Companies House show that the firm’s pre-tax loss went from £25m in 2023 to £33.5m in 2024. Stella McCartney [...]
Warner Bros to snub Paramount’s takeover in favour of Netflix December 17, 2025 Warner Bros Discovery (WBD) is preparing to urge shareholders to reject a $108bn (£81bn) hostile takeover bid from Paramount, after one of its key financial backers pulled out of the deal. Affinity Partners, the investment firm owned by Jared Kushner, said it would no longer support Paramount’s offer, citing a shift in circumstances. “The dynamics [...]
Paddy Power Betfair to pay £2m after failing to protect users December 17, 2025 Paddy Power Betfair is set to pay £2m to the gambling watchdog as part of a regulatory settlement after failing to protect users who showed concerning betting behaviours. The Gambling Commission said a compliance assessment last year revealed lapses in social responsibility from Paddy Power falling short of requirements. PPB Entertainment, PPB Counterparty Services, Betfair [...]
Interest rate cut likely after inflation undershoots expectations December 17, 2025 Inflation dropped far below market expectations in November, official data has shown, easing Bank of England doves’ nerves a day before a decision on whether to cut interest rates is revealed. The Office for National Statistics (ONS) said inflation hit 3.2 per cent in the year to November, staying well above the Bank’s 2 per [...]
FTSE 100 Live: Inflation eases more than expected ahead of rate decision December 17, 2025 Good morning and welcome back to the City AM liveblog. We’ve had the latest inflation data this morning, which has shown the consumer price index (CPI) rose by 3.2 per cent in the 12 months to November 2025. This eased from 3.6 per cent in October 2025. It also beats figures pencilled in by economists, [...]
Manchester City v Premier League battle set to drag on beyond season December 17, 2025 Manchester City will face another lengthy wait to discover their punishment if they are found guilty of breaching the Premier League’s financial rules, as the much-anticipated verdict of the independent commission will be delivered in stages. The initial judgement of the commission, which finished hearing the case 13 months ago, will only deal with matters [...]