Economists tell Rachel Reeves to target wealthy pensioners September 20, 2025 Chancellor Rachel Reeves should target wealthy pensioners to ease pressures on the public purse and allow infrastructure investment pledges to be protected, top economists and former ministers have said. Former Cabinet secretary Gus O’Donnell, ex Tory minister and Goldman Sachs executive Jim O’Neill, and top economists including Mariana Mazzucato have urged the government to “rebalance” [...]
Padel firm founder calls for operators to lower court rental costs September 20, 2025 The founder of a major padel tournament organiser has called upon court owners to “be responsible” and lower the price of rental rates for the popular sport. The boom of padel in recent years has seen demand to play outweigh the supply of courts, despite the United Kingdom this year passing the 1,000 court threshold. [...]
Starmer’s new towns plans blasted for ‘lacking vision’ September 20, 2025 The Lords’ Built Environment Committee has criticised the government’s current vision for new towns, calling for a clearer and more community-focused strategy. Prime Minister Sir Keir Starmer plans to build up to 12 new towns across the UK, with each settlement having the potential for at least 10,000 homes. Work on the towns is expected [...]
Natwest in talks to sell pension provider Cushon September 19, 2025 Natwest is gearing up to sell pension provider Cushon just two years after it first acquired the business. The bank has lined up advisers to help work on a sale of the London fintech and is already in talks with a number of potential suitors, according to a report by Sky News. Natwest acquired an [...]
Sir Ridley Scott suffers £10m hit as firm remains in the red September 19, 2025 Sir Ridley Scott’s production company remains in the red amid suffering a £10m hit to its turnover during its latest financial year, it has been revealed. Ridley Scott Associates has posted a turnover of £19.9m for the 12 months to 30 September, 2024, new accounts filed with Companies House show. The latest figure is down [...]
Exclusive: LinkedIn to train AI on UK members’ profiles September 19, 2025 LinkedIn will begin using the profiles, posts, resumes and public activity of UK members to train its generative AI models from 3 November, City AM can reveal. The Microsoft-owned professional network’s new terms of service, which were updated on Thursday, confirm that while private messages are excluded, most public-facing data will feed into AI systems [...]
Arsenal board: Who are CEO and directors after shake-up? September 19, 2025 Arsenal have promoted Richard Garlick to CEO following a major boardroom overhaul that includes the shock departure of executive vice-chairman Tim Lewis. The shake-up just weeks into the new season also sees TV producer and Arsenal fan Ben Winston join the board along with three close associates of owners the Kroenke family. Garlick’s elevation comes [...]
‘Cash cow’ inheritance tax receipts edge higher as further changes loom September 19, 2025 Inheritance tax (IHT) receipts are on course for a record breaking year, as an increasing number of Brits brace themselves for further potential tax changes. According to the latest HMRC data, IHT receipts hit £3.7bn in the first five months of the 2025/26 tax year, continuing their two decade long upward trend. This is also [...]
Meet the CEO who wants Rihanna to join his board September 19, 2025 The chief executive of Ordnance Survey has revealed why he thinks pop icon Rihanna would make the perfect addition to his boardroom. Nick Bolton, who runs the history national mapping agency, told City AM’s Boardroom Uncovered podcast that the singer-turned-entrepreneur embodies the kind of imagination and edge every company needs. The CEO said: “Rihanna would [...]
Investec expectations hit by challenging market backdrop September 19, 2025 Investec has said it remains on track despite battling a “challenging macroeconomic backdrop and market volatility” during the first half of its financial year. The FTSE 250 bank said it expects its adjusted operating profit before tax for the six months to be between £451m and £481.8m, in line with £474.7m it recorded during the [...]