PwC joins the Canary Wharf crowd in major property shake-up July 2, 2026 Big Four giant PwC has picked Canary Wharf for its new UK office, and is set to swallow up 350,000 sq ft in the area in the latest boost to the docklands financial hub. The firm has chosen One Eden in Canary Wharf to be its new office address, a building formerly known as 33 Canada [...]
Formula 1 worth £12bn to UK economy as Silverstone rakes in £100m July 2, 2026 Formula 1 boosts the UK economy by £12bn every year, according to new figures revealed ahead of this weekend’s British Grand Prix at Silverstone. The wider impact in the UK of the elite motor racing series – 10 of whose 11 teams are headquartered in the country or have operational bases on these shores – [...]
Square Mile Irish pub to be converted into youth hostel July 2, 2026 A Square Mile Irish pub is set to be converted into a youth hostel in the latest sign of the City’s gradual transformation from a work district to a visitor destination. Feeney’s pub, near Fenchuch Street station, as well as the offices above the pub, will be replaced by a “contemporary tourist hotel and hostel [...]
Currys launches £50m buyback as it shrugs off market slowdown July 2, 2026 Currys said it would launch a £50m share buyback after it posted a jump in profit and shrugged off a wider market slowdown by expanding its offerings and cutting its cost base through redundancies. The tech retailer said its UK and Ireland revenue ticked up three per cent to £5.4bn and “outperformed the market” following [...]
Interest rate cut is ‘off the table’, says Bank of England governor July 2, 2026 Andrew Bailey has said cutting interest rates is “off the table at the moment” in the clearest sign yet borrowing costs are likely to stay elevated for the rest of the year. The Bank of England governor said on a panel at the European Central Bank’s annual conference in Portugal that inflationary pressures following the [...]
Will AI trigger the end of net neutrality? July 2, 2026 Since its inception, the internet has worked for one fundamental reason: net neutrality. This is the principle that internet carriers – broadband and mobile providers – must treat traffic equally, regardless of where it comes from. They cannot discriminate. This idea, noble in its intentions, was what spurred the enormous growth of internet services over [...]
Ben Stokes bombshell shows how power has swung to sport’s players and coaches July 2, 2026 Social media has allowed the likes of Ben Stokes to control their own narrative but we are no nearer to knowing the truth, says Ed Warner. Truth is a pliable concept, capable of being moulded to suit the interests of the individual, and a battleground for competing narratives. Perspective is not all; volume and reach [...]
As it happened: Stocks rally after US jobs report; Oil tumbles to pre-Iran war levels July 2, 2026 Welcome back to the City AM liveblog. The peace relief rally across markets ground to a halt yesterday as investors were rocked by new tensions in the Middle East that threatened all-out war re-emerging between the US and Iran. Negotiations were handed a blow as Donald Trump’s envoys Steve Witkoff and Jared Kushner arrived in Qatar [...]
Olympia developer: Britain’s planning system doesn’t reward delivery July 2, 2026 Property hotshot John Hitchcox tells us about his career, from doing up flats in his 20s to leading the £1.3bn regeneration of Olympia London.
Keir Starmer wasn’t weird enough for Westminster July 2, 2026 A Prime Minister more comfortable behind football stands than the dispatch box, Starmer was too normal for politics in the end, writes Tom Harwood.