London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Asahi cyberattack halts domestic operations amid ongoing investigation September 30, 2025 Japan’s largest brewer, Asahi Group Holdings, remains unable to resume production at its domestic factories following a cyberattack on Monday, with the firm unable to provide a timeline for when normal operations might resume. “Asahi Group Holdings is currently experiencing a system failure caused by a cyberattack, affecting operations in Japan,” it said in a [...]
Government urged to prioritise UK tech amid US investment surge September 30, 2025 UK cloud provider Civo has launched its ‘tech sovereignty agenda’, urging the government to place greater emphasis on domestic technology amid an unprecedented wave of investment from US tech giants. The agenda calls for a reassessment of the UK’s approach to innovation, advocating for a balance between benefiting from global technology while ensuring that critical [...]
Pandora: UK profit slumps as sales slip after record high September 30, 2025 Profit at the UK arm of luxury jewellery brand Pandora has fallen significantly as its sales slipped back from a record high. The London-headquartered division has posted a pre-tax profit of £14.9m for 2024, new accounts filed with Companies House show. The latest total comes after Pandora achieved a pre-tax profit of £61.1m in 2023. [...]
Asos shares sink after sales fall behind expectations September 30, 2025 Shares in e-commerce fashion firm Asos have tumbled after the company reported sales short of expectations and vowed to extend its cost-cutting programme in a bid to secure “even stronger profitability foundations”. The London-based business said it “had planned to shift gears” from rebuilding its commercial model towards “re-engaging with customers.” “Instead, more opportunity to [...]
Wembley Park developer slashes losses by over £600m September 30, 2025 Losses at the company behind the transformation of Wembley Park in London were slashed by more than £600m during its latest financial year, it has been revealed. Quintain has posted a pre-tax loss of £109.5m for 2024, new accounts filed with Companies House show. The loss is down significantly from the £721.7m pre-tax loss it [...]
UK economy stalls in second quarter September 30, 2025 The UK economy grew at a sluggish pace of 0.3 per cent in the second quarter of the year, official data has shown, another major setback for Chancellor Rachel Reeves’ as she hopes to oversee higher growth. The Office for National Statistics left its growth figure unchanged from a previous estimate as it confirmed its [...]
FTSE 100 Live: Asos and Close Brothers lead City stocks’ fall as economic growth slows September 30, 2025 Good morning from the City AM liveblog team. When Rachel Reeves prepared her inaugural budget last year, she had little in the way of good news to impart to the people of Britain. The chancellor said she’d been left a bad inheritance, and had to raise tens of billions of pounds in extra taxes to plug spending [...]
Saracens: Love to hate, rugby values and mulled name change September 30, 2025 Saracens considered changing their name as part of a recent brand overhaul that they hope will pin them as the “Original Club of North London”. The three-time European champions have given themselves a glow-up, aiming to attract younger audiences to their 10,500-capacity StoneX Stadium in north London and increase the number of sold out matches [...]
Access Bank chief executive snaps up £15m Hampstead mansion September 30, 2025 The boss of Nigeria’s biggest bank has snapped up a £15m mansion in one of London’s most prestigious postcodes, City AM can reveal. Roosevelt Ogbonna, who has been the chief executive of Lagos-based Access Bank since May 2022, has acquired a luxury pad on The Bishops Avenue in Hampstead. The transaction for the property was [...]
Wolseley City launch sends Wolseley Group subsidiary sales past £10m September 30, 2025 Strong sales at Wolseley City have pushed a subsidiary of the eponymous restaurant group’s sales past £10m for the first time, its latest accounts show. The King William Street-based bar and restaurant, which opened in November 2023, helped turnover at the Wolseley Hospitality Group jump 85 per cent to £10.8m in 2024, alongside the launch [...]