Rachel Reeves plots stamp duty exemption for newly listed shares October 2, 2025 There are growing hopes for a revival for London’s moribund IPO market after reports chancellor Rachel Reeves is preparing to unveil a stamp duty exemption on shares of newly-listed companies. The move, which is set to be announced at the forthcoming Budget in November, would remove the 0.5 per cent tax charge on the buying [...]
Exclusive: Arsenal close in on Visit Rwanda partnership extension October 2, 2025 Arsenal are in advanced talks to extend their controversial £10m-a-year commercial partnership with Visit Rwanda, the tourism arm of the East African country. The current agreement, which sees Visit Rwanda appear on the shirt sleeves of the men’s and women’s teams, was due to expire at the end of the season. It has also been [...]
Capitulation clearing Russia and Putin’s path to LA 2028 Olympics October 2, 2025 Vladimir Putin’s path to Los Angeles 2028 is being cleared, his war on Ukraine becoming normalised in the minds of the world’s sports administrators. Last week’s votes by the International Paralympic Committee to readmit Russia and Belarus are, to my mind, a shameful capitulation and represent a triumph for the warmonger. All eyes now on [...]
FTSE 100 Live: Tesco shares rally; OpenAI nets $500bn price tag October 2, 2025 Good morning from the City AM liveblog team. The FTSE 100 is leading the City higher this morning as it continues to build on records sealed earlier in the week. The index rose 0.2 per cent to 9,464.91 this morning, following on from yesterday’s gains. Also continuing its rally was gold, propelled on by the [...]
Fenchurch Street’s new skyscraper looks great. Will it ever get built? October 2, 2025 The City of London Corporation has approved plans for another skyscraper in the Square Mile. Having had a look at the application, the building looks gorgeous and will surely make a great addition to the City’s skyline. I particularly like how the facade is interspersed with patches of greenery. But will it ever get built? [...]
Thought Machine lands £45m funding round after losses widen October 2, 2025 Thought Machine has sealed a £45m funding round after the London fintech reported widening losses. The funding was secured in July, according to fresh Companies House filings seen by City AM, but the firm had not previously disclosed the investment. Thought Machine said it obtained the cash from its existing investor base. “The funding supplements [...]
There is a way back for the Conservatives October 2, 2025 The Tories have been quiet of late, pushed to the margins of the post-summer political debate and either mocked or ignored by the other parties whose conferences have sucked up the airtime in recent weeks. But this weekend they gather in Manchester and while the event won’t command the nation’s undivided attention it is a [...]
Rathbones’s Robert Hughes-Penney: A great aunt gave me a scrip dividend at age 14 and the rest is history October 2, 2025 Robert Hughes-Penney, investment director at Rathbones and newly annointed City of London sheriff, takes us through his career in Square Mile and Me.
US government shutdown to delay crucial economic data October 2, 2025 The United States government shutdown has caused federal statistics agencies to stop producing economic reports, sparking fears Federal Reserve officials will be deprived of crucial data in the run-up to one of the most eagerly anticipated interest rate decisions in recent history. Funding for America’s federal services and government departments was halted on Wednesday, causing [...]
Remove windfall taxes on North Sea oil, bosses tell Rachel Reeves October 2, 2025 Chancellor Rachel Reeves should abolish windfall taxes on oil and gas producers in the North Sea, top bosses have said. In a new report setting out UK businesses’ proposals for the Budget, the Chancellor has been urged to focus on cutting energy costs for firms and set out a clearer plan for the North Sea’s [...]