FTSE 100 Live: Retail sales slow; Unemployment figures tick up October 14, 2025 Good morning from the City AM liveblog team. After a dismal first three quarters of the year, London’s IPO market is finally roaring back, returning the capital to a level playing field with its rival listing venues after a string of fresh flotation announcements. That’s the view of bosses at top City broker Peel Hunt, [...]
Mind the Split: London is the best city to be a divorce lawyer October 14, 2025 London’s reputation as the divorce capital of the world looks set to grow after a recent court ruling paved the way for more foreign cases to be heard in the city. Litigation-focused law firm Stewarts has expanded its high-net-worth practice to meet rising demand for complex, high-value divorce work. High-profile, high-net-worth divorces collect media headlines [...]
AI bubble: Are we in the trough of disillusionment? October 14, 2025 As the term 'AI bubble' floats around the City, Susannah Streeter examines the outcomes of a potential dot.com-style boom and bust.
Issa brothers finally repay EG Group loan used to buy private jet October 14, 2025 The Issa brothers have finally repaid the huge loan they borrowed from their own forecourt and retail empire to buy a private jet, City AM can reveal. The billionaire duo had owed as much as $41m (£31m) to EG Group via an Isle of Man-based company they controlled called Clear Sky 2, which was used [...]
‘Renewed confidence’ in UK innovation economy to boost funding October 14, 2025 A shot of “renewed confidence” in the UK’s innovation economy is set to deliver the largest year for funding since 2022. The UK’s start ups and scale ups secured $9bn (£6.75bn) in venture capital funding in the third quarter, teeing 2025’s year-to-date investment up to match last year’s full-year total of $17.3bn. With the third [...]
Goodbye Nutmeg, hello Clove: New investing service lands £10m funding October 14, 2025 As the London fintech world bids goodbye to investing app Nutmeg, a new spice-themed alternative is about to rise up from the ashes. Investing startup Clove, a new venture from serial entrepreneur Christian Owens, has emerged from stealth after landing a bumper £10m funding round. The pre-seed round featured a host of prominent investors including [...]
Retail sales slow as Budget and inflation weigh on spending plans October 14, 2025 Retail spending slowed in September, as a tax raising Budget and higher household inflation expectations forced Brits to tighten their belts before the all-important ‘Golden Quarter’. Total retail sales in September increased by 2.3 per cent year on year, down from the 3.1 per cent that the sector notched up in August and the 2.5 [...]
McVitie’s: Record revenue for owner Pladis as profit jumps October 14, 2025 Revenue at the owner of McVitie’s and Jacob’s Cream Crackers jumped to a new record in 2024 as its profit also surged, City AM can exclusively reveal. London-headquartered Pladis, the snacking group whose brands also include Flipz, Godiva and Ülker, has posted a revenue of £3.23bn for its latest financial year, new accounts have confirmed. [...]
Labour dismisses ‘smears’ over Chinese spy case as top Tory calls defence ‘absurd’ October 13, 2025 A senior minister has dismissed accusations that the Labour government deliberately collapsed the Chinese spy case as being a “whole series of baseless smears.” Security minister Dan Jarvis told parliament that the previous Conservative government’s failure to clarify definitions in the Official Secrets Act of 1920 led to the Crown Prosecution Service (CPS) dropping a [...]
City called upon to sponsor 745 Game in name of MND October 13, 2025 The great and good of the City have been called upon to support the 745 Game in the name of curing motor neurone disease. The match – relating figures associated with MND Rob Burrow (7), Ed Slater (4) and Doddie Weir (5) – will take place next month at Gloucester Rugby’s Kingsholm Stadium and be [...]