Pizza Express slices value by over £40m as sales slide September 25, 2025 Pizza Express slashed its value by more than £40m in 2024, it has been revealed, as its sales also dipped. The restaurant chain’s pre-tax losses went from £7.9m to £40.7m while new accounts filed with Companies House also show its revenue slipped from £454.5m to £442.1m over the same period. In the UK and Ireland, [...]
Barclays, Citi, JP Morgan bosses sound alarm on bank tax September 25, 2025 Rachel Reeves has been handed a warning by top banking chiefs to prioritise stability for the financial services industry amid speculation of looming tax hikes. The bosses of UK banking giants have cautioned the Chancellor on potential tax rises and stressed the sector must remain competitive. Barclays’ boss CS Venkatakrishnan – known as the Venkat [...]
UK drug prices necessary to stop feud with companies, says science minister September 25, 2025 The price the NHS pays for medicines will need to rise to end the feud with pharmaceutical companies and stop the exodus of investment in the UK, science minister Patrick Vallance has said. Lord Vallance told the Financial Times that “all options” were on the table in terms of UK drug pricing, after several large [...]
Prem Rugby: Four business stories to watch this season September 25, 2025 English top flight rugby is back this evening with a snazzy new brand: the Premiership has become the Prem, and Thursday nights are the new Fridays. Sure, tonight’s opener between Sale Sharks and Gloucester is a one-off to accommodate the Women’s Rugby World Cup final at Allianz Stadium, but a lot is going on in [...]
Why Ryder Cup is commercial gold and other sports have failed to copy it September 25, 2025 If the Ryder Cup didn’t exist, could you create it today? After all, this is an event that bends an individual sport into a collective enterprise, is rarely won by the away team, and hasn’t produced a close contest for 13 years. It also sees a roster of golfers playing for love pitted against another [...]
The Capitalist: Reeves and Revolut get chummy at HQ party September 25, 2025 Revolut puts on a party, City AM pioneers the midday bash and finance bros trade blows; catch up on the latest Square Mile shenanigans in The Capitalist.
Big name, big pay, even bigger hours: Welcome to City law firms September 25, 2025 The salaries of junior lawyers is a topic that sparks headlines, adding even bigger sparks to debates over 20-something-year-olds pocketing hefty wage packages. However, considering the hours they work and what is expected of them, the money is earned. US firms, many of which now dominate London, not only compete over lawyer rates but also [...]
Saxo UK boss Andrew Bresler: Client lunch? Left to me, it’s Pret September 25, 2025 From disastrous interviews to client lunches, Saxo UK boss Andrew Bresler tells us about his career in this week's Square Mile and Me.
Reform could yet come crashing down to earth September 25, 2025 Analysing Welsh council by-elections may not be your idea of a good time (it isn’t mine, frankly) but one caught my eye last week. In the ward of Trowbridge in Cardiff, Labour lost the seat as the party’s vote share evaporated, down more than 30 per cent. They came third, behind the Liberal Democrats who [...]
Mark Kleinman: Investor row is a Curve-ball for Lloyds deal September 25, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Investor row is a Curve-ball for Lloyds deal Talk about a messy divorce. For investors in Curve, the digital wallet provider founded a decade ago, its impending sale to Lloyds Banking Group, Britain’s biggest high street [...]