Co-op digests £80m profit hit from cyber attack September 25, 2025 The Co-operative Group has revealed an £80m hit to half-year profit after a damaging cyber attack earlier this year. The retail and funerals specialist said that it had slumped to a loss in the first half of 2025 after being targeted by a “malicious” cyber attack. Shoppers were faced with empty shelves and issues with [...]
Gilt auction demand lowest in two years in sign of pre-Budget jitters September 25, 2025 Gilt market jitters in the run-up to the Budget bled into demand at government bond auctions for the first time on Thursday, as sales of bonds saw interest from investors hit its lowest in at least two years. Auctions of five- and 30-year gilts issued by the Debt Management Office (DMO) this week attracted the [...]
Code of conduct for IT professionals would help gain public trust in AI September 25, 2025 Billions of investment in AI will do little while the public remains suspicious of the tech. A public register for IT professionals could help address this, writes Emma McGuigan.
Rugby: London Irish comeback begins with new partnership September 25, 2025 London Irish Rugby Club will today take the first step in their comeback towards professional rugby by announcing a commercial partnership with ticketing company Tixr. The former Prem team, who called Brentford’s Gtech Community Stadium home, became the third top-flight side to cease trading in 2023 – after Worcester Warriors and Wasps – in what [...]
Supernova: Ex-Saatchi Sir John Hegarty backs social network September 25, 2025 Sir John Hegarty, the creative heavyweight behind Saatchi & Saatchi, TBWA London and Bartle Bogle Hegarty, has become an investor and creative adviser to social network Supernova. The platform, created by former Saatchi adman and BAFTA winner Dominic O’Meara, bills itself as “social media for grown-ups”, promising to donate a share of every ‘like’ to [...]
Manufacturing sector warned: Employment claims set to soar under new Rights Bill September 25, 2025 Manufacturing businesses are grappling with a rising tide of Employment Tribunal claims, driven by economic pressures, which are set to become even more challenging under the Employment Rights Bill. A new report from law firm Birketts, shared exclusively with City AM, reveals that manufacturing businesses faced an average of 39.44 tribunal claims over the past [...]
Farage confronts ‘dinosaur’ Bailey on Bank’s independence September 25, 2025 Reform UK’s Nigel Farage and Richard Tice challenged Bank of England Governor Andrew Bailey on Treasury losses from quantitative tightening (QT) at a showdown meeting on Thursday morning, with market instability partly caused by the programme and stablecoins regulation raised as subjects of discussion. Farage and Tice sat down with the Bank of England Governor [...]
City Giving Day brings philanthropic flair to the Square Mile September 25, 2025 The City of London swapped suits for spandex, bells, and bingo this week as City Giving Day rolled out across the Square Mile. The annual celebration, now a cornerstone of The Lord Mayor’s Appeal, saw hundreds of firms and thousands of participants engage in activities that blended philanthropy with light-hearted competition. The Lord Mayor launched [...]
Eden Project: Losses more than double amid job cuts September 25, 2025 Losses at the Eden Project in Cornwall more than doubled as a “major restructuring” led to a large number of jobs being cut. New accounts filed with Companies House show that its pre-tax loss went from £1.5m to £3.5m. The latest figure comes after the Eden Project also posted a pre-tax loss of £868,000 in [...]
Petershill Partners blames ‘enduring valuation discount’ as it quits London Stock Exchange September 25, 2025 Investment firm Petershill Partners has become the latest business to unveil plans to quit the London Stock Exchange after it complained of suffering from an “enduring valuation discount.” The FTSE 250 business, which was founded by Goldman Sachs in 2007, said its lacklustre share price “did not appropriately reflect the quality and underlying value” of [...]