London fintech Teya launches in Spain and Italy amid European expansion February 3, 2026 Payments business Teya has added two new countries to its operations as it marks the next phase in its global expansion. The London-based fintech, which is incorporated in the Cayman Islands, is this week launching in Spain and Italy after successful pilot projects in both countries began in July. The move means Teya, which was [...]
Irn-Bru maker shares jump after snapping up soft drinks rivals for £50m February 3, 2026 The drinks merchant behind Irn-Bru is forecasting a major boost to profit for the latest financial year after the firm stripped back costs and snapped up a pair of its soft drink rivals. AG Barr, which owns brands such as Boost, Funkin Cocktails and Rubicon, told markets it had sealed a near-£38m deal to buy [...]
Red signal for £500m Central line upgrade after just four trains refitted February 3, 2026 The planned £500m upgrade of the Central line has hardly got going, City AM can reveal, after the project to refit the key underground line serving the Square Mile suffered severe delays. Just 4 of 71 Central line trains had been successfully refitted by the beginning of 2026, according figures obtained via a freedom of information request [...]
FTSE 100 Live: Gold back on climb; Musk’s major Space X merger February 3, 2026 Good morning and welcome back to the City AM liveblog. It was quite the day for the FTSE 100 on Monday, with the index getting swept in the global metals sell-off in early trading before clawing its way out of the red and enjoying a steady stream of gains all the way to a record [...]
This time there can be no way back for Peter Mandelson February 3, 2026 On 9 June 2009 Mandelson told the House of Lords that, as Business Secretary and First Secretary of State, he was focused on helping Britain to emerge from recession “stronger, more competitive and able to grow in the future,” adding that government policies will “enrich our society.” Days later he appeared to be more focused [...]
Why has no one in the Cabinet run a business? February 3, 2026 It is in all our interests that politics remains an attractive proposition for people who have worked in business writes Kiki McDonough.
Badenoch: Starmer put UK in ‘weaker position’ through deals with China February 3, 2026 Opposition leader Kemi Badenoch has said Keir Starmer’s trip to China put the UK in a “weaker position”, underlining the different approaches taken by the two main parties in dealing with the world’s second largest economy. Badenoch, who previously said she would not travel to China under the current circumstances, said Starmer had “been played” [...]
Tories gain on Reform in polls yet Badenoch struggles for approval February 3, 2026 The Conservatives have slightly narrowed Reform UK’s polling lead though Opposition leader Kemi Badenoch suffered a setback with a sharp decrease in approval ratings over the last month. The Tories now lead Labour by five percentage points and trail Nigel Farage’s party by eight points in City AM/Freshwater Strategy’s monthly poll. Reform UK enjoy 30 [...]
Exclusive: Olympian Matt Richards launches sports-tech platform Sponza February 3, 2026 Double Olympic champion swimmer Matt Richards has launched a new business that will help thousands of athletes find commercial backers. Sponza, Richards told City AM, has raised a six-figure sum at a seven-figure valuation ahead of its launch this week. The sports tech platform will allow athletes to connect with brands, with the aim of [...]
Private markets suffer ‘reality check’ as fundraising dries up February 3, 2026 Private markets fundraising fell to a decade low across Europe in 2025, after a slowdown in dealmaking and stuttering performance led major buyout shops to struggle to return cash to investors. According to a fresh analysis of the sector, a dearth of new mega fund raises and “persistent liquidity constraints” across the industry led fundraising [...]