Saudi Arabia SURJ mulls investment in World Athletics March 6, 2025 Saudi Arabia’s SURJ Sports Investment could invest in a new company dealing with the commercial arm of track and field body World Athletics. It would give the Public Investment Fund subsidiary access to a portion of the profits made by the organisation that runs the World Championships and Diamond League in a deal that could [...]
Natwest shares downgraded by analysts after recent run March 6, 2025 Peel Hunt analysts have downgraded their rating on Natwest stock to ‘Add’ after previously telling investors to ‘Buy’. An ‘Add’ rating serves as a diluted version of the ‘Buy’ recommendation, which strongly recommends investors to purchase the stock. The analysts raised the Natwest’s target price to 510p, up from 470p, but said due to the [...]
Week in Business: Who will Rachel Reeves blame for higher taxes in Spring Statement? March 6, 2025 City AM Editor Christian May looks at the biggest business stories in his weekly video, today focusing on the UK economy and upcoming Spring Statement.
Klarna set for US IPO in snub to London markets March 6, 2025 Swedish fintech Klarna is looking to raise a minimum of $1bn (£777m) in a US initial public offering (IPO), sources told Bloomberg. Klarna’s US filing, which could come as soon as next week, will see the firm target a valuation of more than $15bn in the New York Stock Exchange, according to people familiar with [...]
City favourite Pitch Golf opens Canary Wharf flagship March 6, 2025 City golf favourite Pitch has expended its footprint in the capital with a flagship Pitch Wharf venue near the Isle of Dogs. The waterside Canary Wharf venue was launched last month with a vibrant party across its two-floor space, which is within touching distance of the London underground and the famed financial hub. Pitch Wharf [...]
Just Eat takes off with new drone delivery partnership March 6, 2025 Just Eat Takeaway has launched its first drone-operated food deliveries, marking the start of a major rollout in partnership with Manna Drone Delivery. The first location of the rollout will be in Dublin. Customers ordering from participating restaurants will now be able to opt for drone delivery and receive their meals in as little as [...]
Union boss who ‘supported pro-Putin separatist’ replaces Mick Lynch as RMT general secretary March 6, 2025 The Rail, Maritime and Transport union (RMT) has announced a replacement for its infamous former general secretary Mick Lynch. Eddie Dempsey, who served as the RMT’s senior assistant general secretary, will take the top job on Friday after being elected unopposed. Dempsey, a veteran of the railway industry and former train driver, played a key [...]
‘It’s not enough to do good work, you have to tell people’: Naomi Tarawali on making it in law March 6, 2025 Naomi Tarawali became a partner at global law firm Cleary Gottlieb aged just 33. She tells us how in this week's Square Mile and Me.
US ban looms, yet TikTok’s ad revenue soars March 6, 2025 TikTok’s advertising revenue is set to exceed $30bn this year, despite looming uncertainty over a potential US ban. WARC Media’s latest insights suggest that this could jeopardise almost $12bn in ad spend. The platform’s ad business is growing rapidly, helping to cushion the blow should a ban take effect in the US, which accounts for [...]
European bond rout worsens ahead of pivotal defence summit March 6, 2025 European bond yields continued to climb on Thursday as traders weighed expectations of higher borrowing from major European economies, which is expected to boost defence spending. German bonds suffered their worst day since the immediate aftermath of the fall of the Berlin Wall on Wednesday, after soon-to-be Chancellor Friedrich Merz laid out a bumper package [...]