Budget supermarket Iceland’s sneaky jab at Big Four management consultants August 20, 2026 Supermarket chain Iceland has shared a subtle dig at management consultants on its website. There is a tongue and cheek reference to a £16m spend on external consultancy firms which include Big Four giant PwC, during a turbulent era for the business in the early 2000s. The retailer, known for selling frozen food, published a [...]
Exclusive: Plans for city-based, private equity-backed athletics league revealed August 20, 2026 An audacious new athletics league that will see city franchises, road running and stakes sold to competitors is seeking funding to the tune of seven figures ahead of a 2027 launch, City AM can reveal. Former runner Florian Lussy is spearheading the as yet unnamed project – under his R-evo Ventures firm – which will [...]
Healey told tax rises for fiscal remedy are ‘not required’ August 20, 2026 Chancellor John Healey does not have to raise taxes to offer the UK economy “immediate remedial action” at the Budget, a top City economist has said. Panmure Liberum economist Simon French, who formerly worked at the Treasury, said the fiscal outlook for the government would be “broadly in the same position” as in the beginning [...]
Amazon says it buys books in bulk to ‘improve products’ August 20, 2026 Amazon has said it buys books through commercial channels to develop its products after an investigation traced a bulk order of rare books to a facility where workers reportedly destroy and scan physical copies. “Amazon purchases books through commercial channels to help develop and improve the products and services our customers use,” an Amazon spokesperson [...]
Are cars really the problem? London cyclists, it’s time to look within our ranks August 20, 2026 Have vigilante cyclists shouting at cars been waging the wrong war? Mauricio Alencar says it's time for cyclists to look within their own ranks.
In defence of The Hundred, by co-chair of Welsh Fire August 20, 2026 Welsh Fire co-chair Mark Rhydderch-Roberts dissects The Hundred season, and urges doubters to give it a go. After a frenetic 27 days and a gripping and sold out Finals Day last Sunday at Lord’s, the 2026 Hundred tournament has concluded. Despite the best efforts of some to focus on a marginal decline in total attendances, [...]
Standard Life partners with Goldman Sachs and CVC to fuel pension risk transfer business August 20, 2026 Standard Life has struck a deal with a group of global finance giants including CVC and Goldman Sachs in a bid to accelerate its push into the booming pension risk transfer market. The FTSE 100 group has joined forces with a CVC-led consortium, which also includes insurer Prudential, to commit as much as £2bn over [...]
‘Alice in Wonderland’ workspace firm lands £129m Aberdeen-backed finance August 20, 2026 A luxury workspace provider whose offices feature novelty themes like Alice in Wonderland and Monopoly has landed a £129m refinancing package. Office Space in Town (OSiT) has bagged a new debt package which includes around £72m in backing by leading asset manager Aberdeen, City AM has learned. OSiT operates 225,000 sq ft of flexible office [...]
AI startup raises $20m to build ‘digital twins’ of office workers August 20, 2026 An AI startup that creates digital replicas of employees has raised $20m (£15m) as investors bet that technology used to model factories and machinery can be applied to office workers. Twin1 AI emerged from “stealth” on Thursday after securing seed funding in a round co-led by Bessemer Venture Partners, Tribeca Venture Partners and Aramco Ventures. [...]
Investors risk losing life savings with unregulated services, watchdog warns August 20, 2026 The UK’s financial watchdog has warned everyday investors could lose their life savings if they pump cash into high-risk unregulated investment services. The Financial Conduct Authority (FCA) has said the recent failure of Woodville Consultants, a litigation funder which raised cashed through unregulated loan notes, had revealed the risks facing investors. Woodville collapsed in July [...]