Just Eat slashes sponsorship team as it axes £40m Champions League deal a year early September 4, 2026 Just Eat’s premature exit from its £40m-a-year Champions League partnership has coincided with the takeaway platform gutting its sponsorship department, City AM has learned. European football chiefs have been forced to bring forward the start of a partnership with Hyundai in place of Just Eat after it opted to terminate its Champions League deal a [...]
Retailers call for ‘lifeline’ from Healey as cooler weather fails to boost footfall September 4, 2026 Britain’s retailers have called for a “lifeline” from the Chancellor John Healey after footfall fell again in August despite cooler temperatures. Total footfall in the UK fell by 1.7 per cent year on year last month, according to data from the British Retail Consortium (BRC). Though shopping traffic fell at a slower rate than July’s [...]
Victoria Beckham owed £350,000 by Harvey Nichols September 3, 2026 Victoria Beckham could be about to lose as much as £350,000 from Harvey Nichols after the celeb was named among creditors to the luxury department store who are expected to miss out on most of the £270m they are owed. The fashion designer and TV personality was owed £353,349 by the department store chain when [...]
John Lewis boss: UK economy facing a ‘permacrisis’ September 3, 2026 The boss of John Lewis has warned that the UK economy is locked in a “permacrisis” as he urged the government not to hike business rates on large retailers. Peter Ruis, the outgoing managing director of the retail giant, said that British businesses are facing a “permacrisis externally [which] isn’t going to go away”. Last [...]
As it happened: Vodafone leads FTSE 100 rally after TV launch; oil jumps again September 3, 2026 Welcome back to the City AM liveblog. Telecoms giants Vodafone and Airtel Africa led a FTSE 100 rally on Thursday afternoon. Investors brushed off early losses caused by the steep sell-off in the the bond market. Two-year gilt yields, which gauges short term interest rate expectations, have jumped over 4.5 per cent, pushing up borrowing [...]
Retailers urge Healey to unwind national insurance hike to boost jobs September 3, 2026 Retailers have called on Chancellor John Healey to unwind some of the national insurance reforms made by his predecessor in a bid to tackle the youth joblessness crisis. The British Retail Consortium (BRC), which represents retailers including Tesco, Sainsbury’s and Marks & Spencer, has written to the Chancellor, urging him to unwind “soaring employment costs”. [...]
Tesco, B&Q and Whitbread scolded in minimum wage crackdown September 3, 2026 Labour’s new workers’ rights police force has scolded Tesco, B&Q and Whitbread, and more than 600 other firms, for failing to pay the minimum wage. The Fair Work Agency has published the names of 658 companies which have been fined £7m and forced to return £4m to more than 27,000 workers who have not been [...]
The Works secures heavyweight backing in activist investor row September 2, 2026 The Works has secured the backing of a pair of heavyweight shareholder proxies in the discount retailer’s boardroom tussle with an influential activist investor. The stationary and crafts retailer has been locked in a row with Kelso, a London-listed investment firm, since the investor sought to force a director onto its board. Institutional Shareholder Services [...]
Poundland owners rush to sell discount retailer before Christmas September 2, 2026 The owners of Poundland are racing to find a buyer for the discount retailer ahead of the all-important Christmas trading period, having already received interest from suitors. Gordon Brothers, who bought Poundland only a year ago, have appointed advisors Alvarez & Marsal (A&M) to sound out interest in the company after several parties approached the [...]
As it happened: FTSE 100 drops; bonds sell-off cools but oil holds firm September 2, 2026 Welcome back to the City AM liveblog. The FTSE 100 fell again on Wednesday as oil prices rose higher for the third consecutive session and keeping pressure on global markets. Brent crude – the international benchmark for oil prices – held around the $95 per barrel mark, securing it highest level since mid-July. It follows [...]