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Business

  • WH Smith chief executive quits after damning Deloitte audit report

    November 19, 2025

    The boss of one of Britain’s best-known retailers has quit the role after an investigation into the firm’s accounting practices uncovered major flaws. WH Smith chief executive Carl Cowling said he would step down with immediate effect on Wednesday after the report, produced by Big-Four audit firm Deloitte identified weaknesses in the operations of the [...]

  • Wimbledon set to get exemption from anti-ticket touting law for debentures

    November 19, 2025

    Wimbledon chiefs are set to receive an exemption from legislation to be introduced in next year’s King’s Speech that would ban the resale of tickets above face value for sport and music events.  The proposed new laws – designed to stamp out touting – would have a significant impact on the sale of debentures by [...]

  • FTSE 100 Live: Inflation falls to 3.6 per cent, WH Smith CEO quits

    November 19, 2025

    Good morning and welcome back to the City AM liveblog. Global markets downturn continued on Tuesday, with Europe left swimming in the red. The FTSE 100 closed the day down 1.27 per cent at 9,552 as the boss of Google gave the latest warning on the soaring valuation of tech stocks. Sundar Pichai, the head [...]

  • The Debate: Should you use AI for financial guidance?

    November 19, 2025

    Many Brits have turned to AI chatbots for financial guidance, but should they? We get two experts to go head to head in this week's Debate.

  • My advice for Rachel Reeves? Learn how to spin a yarn

    November 19, 2025

    Economic history shows us the importance of a narrative. If Rachel Reeves wants to help the economy, she needs to learn how to tell a story.

  • Markets will determine whether Reeves has any credibility left

    November 19, 2025

    It’s a regrettable reality that a politician – or an entire government – can limp on for months or even years after losing credibility in the eyes of voters. In contrast, when markets think the credibility is gone the consequences can be much more immediate. Just ask Liz Truss. One week from today, the Chancellor’s [...]

  • COP30 must move beyond doomsday narrative

    November 19, 2025

    Green campaigners insist that emissions cuts must come first for the poor - when what they really need are jobs, food and an escape from poverty.

  • England Ashes fans set to top up Australia’s coffers months after bumper British and Irish Lions tour

    November 18, 2025

    England’s Ashes trip Down Under is set to help hosts Australia rake in £250m as British tourists prepare to top up Green and Gold coffers twice in one year. Five Tests in Perth, Brisbane, Adelaide, Melbourne and Sydney starting on Friday are expected to draw 40,000 fans to Australia and contribute millions to both Cricket [...]

  • Businesses back Heathrow bid to run third runway

    November 18, 2025

    A group of well-known firms has urged ministers to approve the third runway expansion plan tabled by the owner of Heathrow airport, arguing its plan will deliver “the greatest economic benefit to the UK”. In a letter to transport secretary Heidi Alexander, bosses from the likes of Burberry, Caffe Nero and Fortnum and Mason threw [...]

  • Real Madrid eye £1bn injection to keep pace with Premier League elite

    November 18, 2025

    Real Madrid president Florentino Perez is taking steps to ensure they remain competitive with Premier League clubs by inviting private equity to invest close to £1bn. Perez is expected to use the annual meeting of the club’s approximately 100,000 members on Sunday to announce proposals to change the club’s ownership structure.  The plan considered most [...]

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