FTSE 100 Live: Asos shares tumble, retail sales drop, Babcock sinks November 21, 2025 Good morning from the City AM liveblog team. With just days to go before the Budget, there is increasing investor nervousness about what surprises could be in-store for businesses. Few are expecting those surprises to be pleasant. Speaking to the paper yesterday, the boss of the world’s biggest platinum group metals recycler warned Rachel Reeves [...]
Scotland Rugby should demand Wales’ cut region, and target Newcastle Red Bulls November 21, 2025 Is the Scotland rugby team a little bit naff? They’re struggling to beat the biggest of opponents and are always the nearly team in the Six Nations. They’ll probably finish this autumn with expected wins over the USA and Tonga, while agonising losses to New Zealand and Argentina – thanks to one of the greatest [...]
Reeves vows to halve consultancy bill, but government can’t track its spending November 21, 2025 Despite the government setting an ambitious target to halve overall spending on consultants, a new report suggests, the lack of consistent data hinders efforts to track progress toward spending targets. Rachel Reeves has set targets to halve the UK government’s overall spending on consultants in 2025-26 and to save £550m in 2024-25, aiming for £700m [...]
Consumer confidence is ‘bleak’ ahead of Budget November 21, 2025 Consumer confidence has cratered ahead of the Budget according to a leading survey closely monitored by policymakers at the Treasury and Bank of England. The GfK consumer confidence barometer has shown the overall index falling to -19 in November, slightly lower than at the same time a year ago. The survey of around 2,000 individuals [...]
Labour hopes AI will save UK economy from jobs crisis November 20, 2025 The government has announced a sweeping package of AI investment intended to create thousands of new jobs across the UK, at a time when businesses warn that rising employment costs and rapid advances in AI are already driving workforce reductions. Ministers have confirmed billions of pounds of private and public AI investment, including a new [...]
UK founders slam Labour as “anti-business” November 20, 2025 UK founders are increasingly losing confidence in Labour’s approach to businesses, as they brace for potential tax rises in the upcoming Autumn Budget. According to the latest survey from entrepreneur network Helm – whose members oversee more than £8bn in annual revenue – over 60 per cent of founders hailed the government as “anti-business” with [...]
Birmingham City’s 62,000-seat stadium with 12 chimneys and sky bar November 20, 2025 Birmingham City have revealed plans for a new 62,000-capacity stadium with 12 brick chimneys, a retractable roof and movable pitch. The stadium, when completed in time for the 2030-2031 season, will become the UK’s 8th largest, ahead of Anfield in the top 10. Knighthead Capital Management have appointed Heatherwick Studio and Manica Architecture for the [...]
Asda raises almost £600m from supermarket sell-off November 20, 2025 Asda has raised close to £600m from three deals for its supermarkets ahead of a looming debt repayment to previous owner Walmart. The grocery giant struck sale-and-leaseback deals for its supermarkets totalling £568m, according to the FT. It raised £467m in two deals with New York-based asset manager Blue Owl and London-listed Supermarket Income REIT [...]
Massa’s £64m damages claim vs F1, FIA and Ecclestone can go to trial, judge says November 20, 2025 Felipe Massa’s £64m damages case against Bernie Ecclestone, the FIA and Formula 1 can go to trial, a judge has said. The case in London’s High Court involves former Formula 1 driver Massa and Lewis Hamilton’s 2008 World Championship winning season. The Brazilian is claiming damages due to ‘Crashgate’ – involving Nelson Piquet Jr deliberately [...]
High earners and entrepreneurs to get immigration rule carve-out November 20, 2025 High earners and innovators are set to be handed softer rules on settled status despite an immigration crackdown led by home secretary Shabana Mahmood. Under sweeping reforms to the legal migration system, Mahmood has revealed she is planning on only letting people arriving in the UK from 2021 to gain settled status, formally known as [...]