McVitie’s: Record revenue for owner Pladis as profit jumps October 14, 2025 Revenue at the owner of McVitie’s and Jacob’s Cream Crackers jumped to a new record in 2024 as its profit also surged, City AM can exclusively reveal. London-headquartered Pladis, the snacking group whose brands also include Flipz, Godiva and Ülker, has posted a revenue of £3.23bn for its latest financial year, new accounts have confirmed. [...]
Goodbye Nutmeg, hello Clove: New investing service lands £10m funding October 14, 2025 As the London fintech world bids goodbye to investing app Nutmeg, a new spice-themed alternative is about to rise up from the ashes. Investing startup Clove, a new venture from serial entrepreneur Christian Owens, has emerged from stealth after landing a bumper £10m funding round. The pre-seed round featured a host of prominent investors including [...]
Gabon president drops out of FT Africa Summit after City AM story October 13, 2025 Last week The Capitalist reported on the controversial opening speaker at the FT’s upcoming Africa Summit: the Gabonese President Brice Oligui Nguema, who stands accused of kidnapping and torturing the family of his predecessor. The FT press office brushed off our suggestion that hosting Nguema on 22 October might not align with the newspaper’s brand [...]
Labour dismisses ‘smears’ over Chinese spy case as top Tory calls defence ‘absurd’ October 13, 2025 A senior minister has dismissed accusations that the Labour government deliberately collapsed the Chinese spy case as being a “whole series of baseless smears.” Security minister Dan Jarvis told parliament that the previous Conservative government’s failure to clarify definitions in the Official Secrets Act of 1920 led to the Crown Prosecution Service (CPS) dropping a [...]
City called upon to sponsor 745 Game in name of MND October 13, 2025 The great and good of the City have been called upon to support the 745 Game in the name of curing motor neurone disease. The match – relating figures associated with MND Rob Burrow (7), Ed Slater (4) and Doddie Weir (5) – will take place next month at Gloucester Rugby’s Kingsholm Stadium and be [...]
BBF chair Grant’s exit won’t affect new basketball league plan, says GBBL October 13, 2025 GBBL, the US-led operator set to launch a new British basketball league, insists it still plans to go ahead despite Chris Grant’s resignation as chair of the national governing body. Grant helmed the tender process that led to GBBL, fronted by former NBA and Euroleague executive Marshall Glickman, obtaining a 15-year licence – sparking a [...]
Jonathan Powell urged to answer questions on Chinese spy case in public October 13, 2025 National security adviser Jonathan Powell has been urged to answer questions on the collapse of a Chinese spy case in public, with the government doubling down on its defence that it did not subvert the trial to maintain diplomatic ties with Beijing. Powell is set to appear before a private committee in parliament to answer [...]
Football regulator may limit spending at hard-up clubs October 13, 2025 The Independent Football Regulator will have the power to cap clubs’ spending, limit their use of debt, and require them to place money in escrow that can only be released with its blessing, according to its latest proposals. The measures are part of licensing conditions that clubs will have to meet in order to be [...]
Rugby League Ashes: RL Commercial boss calls on London to fill Wembley October 13, 2025 English rugby league chiefs have called upon fans to make the most of the opportunity to watch international class rugby at Wembley Stadium as organisers target a 60,000 crowd. Following Saturday’s Grand Final, in which Hull KR beat Wigan to become the first new name on the Super League trophy in 21 years, English rugby [...]
Billionaire Issa brothers’ zero-emission truck start-up saved October 13, 2025 A Scottish zero-emission vehicles company backed by the billionaire Issa brothers has been saved in a pre-pack administration deal. Opus Restructuring was appointed to oversee the process at Glasgow-based Hydrogen Vehicle Systems (HVS) after the business faced a winding up petition earlier this month. It also faced a winding up petition in October 2024. The [...]