Co-op looks to funeral arm in hunt for turnaround from cyber-attack September 23, 2026 Co-op posted a jump in turnover at its funeral arm, as the member-owned group said it is setting out the foundations to recover from a costly cyber-attack last year. Kate Allum, interim chief executive of the food-to-insurance firm, said the group is facing a “year of two halves” and will see its turnaround plan deliver [...]
Airtel Money confirms plans for multi-billion London IPO September 23, 2026 Airtel Money has confirmed plans for a London IPO in what would mark one of the London Stock Exchange’s biggest flotations in years. The African mobile payments business, which is controlled by Indian-owned telecoms group Airtel Africa, is reportedly seeking a valuation at as high as $9bn (£6.8bn). The fintech, which operates via branches and [...]
JD Sports bemoans ‘tough trading’ as US sales slip September 23, 2026 JD Sports has seen revenue and profit slip so far this year, as weak consumer confidence in its key US market drives a “tough trading environment”. Régis Schultz, chief executive of the so-called ‘King of Trainers’, said on Wednesday that he is “encouraged” by the progress towards his growth plan while admitting that cost-of-living pressures [...]
Tottenham Hotspur facing demands from Greens for percentage of revenue September 23, 2026 Tottenham Hotspur are facing pressure from Haringey Council leaders to sacrifice a fixed percentage of revenue for residents of Northumberland Park, the seat of their £1bn stadium. Spurs CEO Vinai Venkatesham has held talks with the Haringey Green Party, who told City AM the club had been “allowed to default on their planning obligations” attached [...]
As it happened: Oil price rise boosts Shell and BP, FTSE 100 rally fades September 23, 2026 Good morning from the City desk at City AM. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines today: The liveblog has ended.No liveblog updates yet. Load more
How AI is forcing the Big Four to rethink graduate training September 23, 2026 The Big Four giants – KPMG, Deloitte, EY, and PwC – have for decades played an important role in shaping the next generation of City workers. As one of the largest graduate trainers in the UK, their approach to restructuring graduate programmes in the age of AI will be crucial to the future of financial [...]
Baker Tilly chief warns Budget may carry ‘pain cost’ for businesses bracing tax changes September 23, 2026 The chief executive of professional services giant Baker Tilly International has warned the upcoming Budget will likely carry a heavy “pain cost” for UK businesses bracing for tax changes. “It’s going to be a ride, isn’t it,” Francesca Lagerberg, Baker Tilly International‘s chief executive told City AM. “The mood music is that it won’t be [...]
Argentex founder secures funding injection for new fintech firm September 23, 2026 The founder of foreign exchange firm Argentex, which collapsed in the wake of Donald Trump’s ‘liberation day‘ last year, has secured a multi-million pound funding injection for his new fintech venture, City AM has learned. Irish payments and foreign exchange (FX) group Fexco will invest £7.5m in Tenora, an FX technology firm set up by [...]
Palantir policing pullback driven by funding as eastern pilot pushes on September 23, 2026 Palantir’s loss of a five-force policing pilot was driven by a combination of funding pressures and an assessment of the project, City AM understands. While the East Midlands Special Operations Unit (EMSOU) will end its two-year trial of Palantir’s Foundry software this month, the US tech firm’s work with a separate consortium of forces in [...]
Frozen tax thresholds to hold back Brits for ten miserable years September 23, 2026 In March 2021 Chancellor Rishi Sunak described it as “a tax policy that is progressive and fair.” In November 2022, Chancellor Jeremy Hunt extended the policy, describing it as necessary and fair. In October 2024, Chancellor Rachel Reeves announced an end to the policy, saying extending it beyond 2028 “would hurt working people.” Alas, a [...]