Somerset Cider Brandy: The UK’s most sustainable spirit December 10, 2025 The Somerset Cider Brandy Company claims to produce the most sustainable spirit in the UK, a bold statement, given the range and variety of products on the market. However, as managing director, Matilda Temperley tells City AM, apple trees, in particular cider apple trees, are one of the most environmentally friendly crops on the planet. [...]
CMS rolls out Suits-inspired AI after saving lawyers 100 hours December 10, 2025 Law firm CMS has said it aims to ‘stay ahead of the curve’ by rolling out legal tool Harvey AI after lawyers reported already seeing “meaningful time savings”. The law firm is set to extend the use of the AI tool, named after the fictional character in Suits, across all 21 CMS member organisations in [...]
FTSE 100 Live: Reeves scrutinised, Fed interest rates decision, stocks suffer December 10, 2025 Good morning and welcome back to the City AM liveblog covering the FTSE 100 and other big market moves. Rachel Reeves is set for a showdown with MPs on the Treasury Select Committee later today while the Federal Reserve is expected to slash interest rates by 25 basis points by the evening. Reeves will begin [...]
Paramount takeover of UK sport cools despite Champions League grab December 10, 2025 Paramount Skydance has no plans to launch a UK sports channel after acquiring Champions League rights from 2027 onwards in an indication that a major expansion into sport from the global streaming platform is unlikely. As it stands the Champions League is likely to be broadcast in this country on Paramount+, while the entertainment network [...]
Covent Garden welcomes Guinness brewery December 10, 2025 Guinness has opened its fifth brand home in the heart of London as it hopes to capitalise on the growing popularity of the ubiquitous Irish stout. The mammoth £73m project in the middle of Covent Garden, which has taken six years to go from inception to completion, will see brewing return to the area for [...]
Asylum seekers’ cost to taxpayer is unknown, public auditor says December 10, 2025 The full cost of asylum to the British taxpayer is unknown as the government has not processed data on how much local authorities spend on migrants, the National Audit Office (NAO) has said. In a broad report mapping out asylum seekers’ journeys through the UK’s legal systems and support structures, public auditors found that there [...]
AI is set to dominate retail in the next decade December 10, 2025 A majority of retail tasks are set to be replaced by AI by 2035, according to fresh data. UK retailers are set to pour a third of their budgets into AI-aligned tech next year to help with a spate of rising costs, with 69 per cent expecting to increase investment within two years, according to [...]
Time to get relaxed about high executive pay December 10, 2025 This week Anglo American walked back on a plan that would have seen its chief executive handed a tasty bonus for the completion of its merger with Teck after investor backlash. Shareholders may have had well-reasoned objections to a scheme that would have dealt boss Duncan Wanblad an award amounting to almost two-thirds of his [...]
Ed Sheeran pays himself over £40m after album success December 9, 2025 Ed Sheeran has paid himself more than £40m after the huge success of his latest album, it has been revealed. The music mega star received a dividend of almost £40.1m through his self-named business, Ed Sheeran Limited. The accounts filed with Companies House also show the firm’s turnover totalled £25.7m while it made a pre-tax [...]
Interest rates: Bank of England hawks to ‘look through’ Budget’s disinflation December 9, 2025 Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming Budget would lower inflation. Appearing before MPs on the Treasury Select Committee, Bank staff analysis agreed with the Office for Budget Responsibility (OBR) that measures in Rachel Reeves’ November statement would strip 0.5 percentage points [...]