KFC sheds jobs as UK profit jumps to almost £100m October 1, 2025 KFC has shed jobs in the UK and its profit surged to almost £100m during its latest financial year, it has been revealed. The fast food giant has posted a pre-tax profit of £97.6m for 2024, up from the £59.1m profit it achieved in 2023. However, new accounts filed with Companies House also show that [...]
The Dalmore unveils rare red wine cask edition October 1, 2025 The Dalmore has launched the third instalment in its ultra-premium Cask Curation Series, finished in red wine casks sourced from Château Mont-Redon in France’s Châteauneuf-du-Pape region. The Highland distillery used freshly emptied casks from the Rhône valley estate to finish three aged Single Malt expressions — 24, 34 and 43 years old — to highlight [...]
Selfridges: Losses slashed despite revenue hit October 1, 2025 Losses at luxury department store chain Selfridges have been slashed during its latest financial year despite its revenue taking a hit. The business, which has UK stores in London, Birmingham and two in Manchester, has posted a pre-tax loss of almost £16m for the 48 weeks to 4 January, 2025. The latest figure comes after Selfridges’ [...]
JP Morgan scraps Nutmeg in launch of new personal investing brand October 1, 2025 JP Morgan is to scrap its Nutmeg brand and roll its services into a new consumer wealth management business as it intensifies its battle with market leader Hargreaves Lansdown. The new service, dubbed JP Morgan Personal Investing, will offer managed investments, pensions, and ISAs alongside digital financial planning tools and dedicated relationship managers. The bank [...]
Global uncertainty: Political and digital risks reshape corporate priorities October 1, 2025 A surge in political risk and tensions has resulted in geopolitical volatility entering Aon’s top ten global business concerns for the first time. Aon’s ‘Global Risk Management Survey’, based on nearly 3,000 risk managers, C-suite leaders, and executives, revealed the most pressing risks for business decision-makers. The top ten list of risks facing businesses in [...]
Surrey close £60m Oval Invincibles deal with Reliance after eight months October 1, 2025 Surrey have finally exchanged contracts with Reliance Industries over the shareholders’ agreement governing their new partnership in the Oval-based Hundred team after almost eight months of negotiations. The Mumbai Indians owners agreed to pay £60m for 49 per cent of the franchise in February, but talks over the finer details of the deal have been [...]
FTSE 100 Live: Index hits record high as AstraZeneca and GSK shares soar October 1, 2025 Good morning from the liveblog team at City AM. Some acronyms are so entrenched in common parlance that they need not be explained: NHS, GDP, MOT. Up until now, we at City AM thought ‘IPO’ sat squarely within that category. But the listings pipeline has become so thin, we may have to start reminding readers [...]
The Real Housewives show even the rich are poor in London October 1, 2025 The Real Housewives of London show even the super-rich aren't immune to all consequences of the housing crisis, writes Anna Moloney.
Exclusive: Channel 4 poach Boat Race rights from BBC October 1, 2025 The iconic Boat Race between Oxford and Cambridge Universities will leave BBC television after signing a deal with Channel 4, City AM can reveal. The rival public service broadcaster will show the men’s and women’s races on the Thames for the next five years, marking a shift away from BBC TV – which showed an [...]
Meet the lawyer that launched Mayer Brown into Space (law) October 1, 2025 Fifteen years ago, Rachael O’Grady, an arbitration lawyer, had a blown-up satellite operator case land on her desk, a case that would pique her interest and ultimately lead to the creation of a space practice at Mayer Brown. “Given my international law background, I started thinking about space and how that might interact with international [...]