Bank of England’s Taylor: High rates could push UK into recession October 14, 2025 The UK risks heading into a recession that will be “difficult to contain” if interest rates are kept on hold into next year, a Bank of England rate-setter has said in a speech that has further exposed widening splits between policymakers over the best path for borrowing costs. In a set of dovish comments made [...]
Will London meet tinned tuna giant Prince’s expectations? October 14, 2025 The City heaved a sigh of relief last week after tinned tuna heavyweight Princes confirmed its intention to proceed with its IPO to list on London’s main index. The group, which has a £2bn portfolio of familiar household food brands including margarine brand Flora and Olivio olive oil, expects trading to begin at the end [...]
‘Stick to the rules’: Brighton owner Bloom slams clubs who fail PSR October 14, 2025 Brighton and Hove Albion owner Tony Bloom says he has little sympathy for rival Premier League clubs such as Everton and Nottingham Forest who have been punished for breaching profitability and sustainability rules (PSR). Top-flight teams are set to vote next month on whether to replace PSR with a new system of financial controls based [...]
EY accused of missing ‘red flag’ in NMC collapse October 14, 2025 Big Four firm EY UK was accused of being “grossly negligent” and failing in its most fundamental audit duties over seven years, allowing a massive fraud to continue and ultimately causing NMC’s financial collapse. The mammoth £2.7bn legal battle between EY and its former clients, a London-listed health giant that collapsed after allegations of fraud, [...]
Littler under new darts management days after going solo October 14, 2025 Luke Littler has become the first player to be managed by Target Darts just days after announcing he’d gone solo. The teenager has catapulted into sporting stardom, and earlier this year won his first World Darts Championship title at Ally Pally. Last week, however, he split from Martin Foulds’ ZXF Sports, whom he’d been with [...]
Satsuma Technology beefs up top team with ex-PlayTech hire October 14, 2025 Satsuma Technology named its new chief financial officer on Tuesday as part of a plan to beef up its top team. The London-listed group – which provides subnet infrastructure and develops specialised AI agents – appointed Andrew Smith as its new finance boss. Smith had served as chief financial officer for FTSE 250 firm Playtech [...]
IMF downgrades UK growth and warns inflation will be highest in G7 October 14, 2025 Inflation in the UK is set to surge above all G7 countries in the next two years while growth per capita will lag behind the average across advanced economies, the International Monetary Fund (IMF) has predicted. In its World Economic Outlook report, the IMF has said that inflation in the UK will remain higher than [...]
Rachel Reeves told to scrap business rates for new profit tax in Budget October 14, 2025 A City accountancy firm has called on Chancellor Rachel Reeves to scrap business rates in her Autumn Budget and replace them with a new profit tax. Lubbock Fine said business rates, which have been the topic of much lobbying in recent weeks, should make way for a variable local tax on profits. The firm said [...]
UK economy set for marginal August growth October 14, 2025 The UK economy is expected to have marginally grown in August after a sharp slowdown in activity in the second half of the year. A Bloomberg poll of economists suggests the UK economy is expected to grow by just 0.1 per cent over the one-month period, with a contraction of 0.2 per cent in the [...]
Sony Sports tightening grip on world of data in sport October 14, 2025 “We never like to use the word monopoly, it doesn’t go down well,” the head of Sony Sports, Rufus Hack, tells City AM when asked about his firm’s impressive market share across tech in sport. Sony last week purchased a majority stake in StatSports, the performance-tracking firm which counts Harry Kane among its investors, in [...]