Reeves ‘flying blind’ on non-doms as ultra-rich couple move to Milan October 21, 2025 Rachel Reeves will go into next month’s budget “flying blind” over the number of non-doms that have left the UK, a new report has warned on the day that a high-profile couple relocated to Milan in response to the Chancellor’s crackdown last autumn. The study, which was compiled by former Treasury economist Chris Walker, found [...]
Analysts dampen outlook for FTSE 100 banks as tax clouds gather October 21, 2025 The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also comes alongside flaring tensions between the lending industry [...]
Bodycare: Creditors to lose millions after retailer’s collapse October 21, 2025 Bodycare owed more than £30m when it collapsed into administration with the loss of around 1,400 jobs, it has been revealed. The high street health and beauty retailer fell over in September with an initial 32 stores closed and around 450 employees being made redundant. That move was followed a few days later when it [...]
HSBC shares jump after naming top Natwest boss as new UK chief October 21, 2025 European banking juggernaut HSBC enjoyed a bump in its share price as markets opened on Monday after the bank named its new UK boss. David Lindberg, who most recently led retail banking operations at Natwest, will join the FTSE 100 titan to take the helm at its UK bank. Shares jumped near two per cent [...]
The top one per cent account for a third of tax revenue October 21, 2025 The top one per cent of taxpayers account for around a third of all income tax and capital gains tax paid in 2023-24, it has been revealed. According to HMRC, the top 500,000 taxpayers contributed £93.8bn last year, which represented 33 per cent of the total raised. The top 100,000 paid £54.9bn and covered a [...]
UK government borrowing soars in September to highest in five years October 21, 2025 UK government borrowing soared north of £20bn in September, official data has revealed, in another blow for Rachel Reeves as she gears up for a painful tax-raising Budget next month. The Office for National Statistics (ONS) said government borrowing over the month was the highest seen for five years and an increase of £1.6bn compared [...]
Unilever: US government shutdown delays ice cream float October 21, 2025 Consumer goods giant Unilever has paused the launch of its ice-cream arm on New York’s stock exchange due to delays at the bourse’s security commission. The US government shut down at the start of October when Democrats and Republicans failed to come to an agreement on spending, with no end in sight. Unilever said the [...]
Arsenal urged by fans to abandon Visit Rwanda renewal talks October 21, 2025 Arsenal have been urged by fans to reconsider their controversial partnership with Visit Rwanda after City AM revealed the two parties were in talks to extend the deal. Discussions over a renewal on terms that would represent an increase on the £10m a year that Visit Rwanda pays Arsenal are understood to be at an [...]
FTSE 100 Live: Public borrowing jumps, Coca Cola £2bn takeover October 21, 2025 Good morning from the City AM liveblog team. The London listings revival is gathering pace as prize draw operator Winvia today confirmed plans for an initial public offering (IPO) in the capital. The Omaze rival is set to list on London’s junior AIM market, seeking to raise around £40m from the sale of new shares [...]
Are super clubs dead? October 21, 2025 With young people now opting for smaller, cheaper and more intimate venues, the days of the super club look numbered, writes Sacha Lord.