Skybus steps in to save Cornwall-London route after Eastern Airways collapse November 7, 2025 Cornwall Council has struck an interim deal with airline Skybus to restore a flight route between Cornwall and London, after previous provider Eastern Airways went into administration. The new service is expected to start from late November, with 70-seat planes running daily and ultimately ramping up to twice-daily on week days by February of next [...]
UK house prices rise at fastest rate since January November 7, 2025 UK house prices edged higher in October, rising at the fastest pace since January as buyer demand remained high despite market uncertainty. Prices increased by 0.6 per cent last month, marking the fourth time in five months the average price has increased, following a sharp 0.3 per cent drop in September, according to the latest [...]
Rachel Reeves cools on big cash ISA reforms November 7, 2025 Chancellor Rachel Reeves is expected to make a smaller cut to the cash ISA allowance after heavy lobbying from building societies, it has been reported. Rumours have swirled that the £20,000 allowance on cash ISAs could be stripped down to as much as £10,000 as part of an effort to make more Brits invest in [...]
Rightmove shares in £1bn crash as AI plans spook investors November 7, 2025 Shares in Rightmove nosedived on Friday morning after the property titan revealed a major-shakeup centred on upping AI spending. The group said it would invest £60m over the next three years, with a focus on leaning into new tech. The FTSE 100 firm slashed its short-term profitability targets amid the new plans. Company boss Johan [...]
Tax row erupts as Reeves tells watchdog she will break manifesto November 7, 2025 The Labour government is split in a fresh tax row after Rachel Reeves reportedly told the fiscal watchdog she will raise income tax in her forthcoming Autumn Budget – a move that will break a key manifesto pledge. The Chancellor is said to have informed the Office for Budget Responsibility that an increase to income [...]
Adair Turner: Crypto? It’s like buying tulips in 1635 November 7, 2025 As chair of the FSA at the height of the 2008 financial crisis, Adair Turner knows all about the anatomy of a global crash. Over 15 years on, exuberance in AI and opaque private credit markets have set warning systems flashing. Ali Lyon, spoke to the arch-technocrat to see whether the fears are justified, and [...]
Bullsh*t spin: Labour and Nandy slammed over Kogan football appointment November 7, 2025 Labour has been accused of deploying “bullshit spin” in response to a report criticising the government’s appointment of David Kogan as chair of the Independent Football Regulator. A report by Sir William Shawcross declared that Department of Sport, Media and Culture secretary of state Lisa Nandy had breached the Government Code in appointing the media [...]
The Apprentice winner Harpreet Kaur speaks out after firm shuts down November 7, 2025 Harpreet Kaur has spoken out after the company Lord Alan Sugar invested in following her victory on The Apprentice in 2022 collapsed. City AM reported earlier this week that Oh So Yum entered voluntary liquidation at the end of October owing to a six-figure sum to its creditors. The dessert company had secured a £250,000 [...]
Sky in talks to buy ITV’s broadcasting arm for £1.6bn November 7, 2025 ITV has confirmed it is in early talks with Sky over the possible sale of its media and entertainment division, in a move that could reshape the UK television industry. In a statement to the market on Friday, ITV announced that it was in “preliminary discussions” regarding a potential sale of its broadcasting and streaming [...]
FTSE 100 Live: ITV and Sky takeover chatter; House prices rise November 7, 2025 Good morning from the City AM liveblog team. Yesterday, the Bank of England cut rates in a 5-4 decision with Governor Andrew Bailey playing decider. Policymakers at the Bank said the crunch decision weighed up contractions in the jobs market, which could lower inflation levels, and high inflation expectations of around 4 per cent among [...]