Square Mile bespoke tailor Tom James takes legal action against ex-employee October 16, 2025 Tailoring giant Tom James launched legal action in London against a former employee, seeking to enforce restrictive covenants and confidentiality obligations. Tom James Company, the UK entity of its US giant, located on Old Jewry, has launched legal action against a former sales professional, Max Potter. The company alleged in its claim, seen by City [...]
Zverev earns $25,000 per minute in Six Kings Slam defeat October 16, 2025 Alexander Zverev earned $25,000 per minute for his 59-minute cameo in the Six Kings Slam tennis tournament in Saudi Arabia. The German is one of six tennis stars competing as part of Riyadh Season’s premier tennis competition with each of the participants receiving a reported appearance fee of $1.5m, rising to $6m for the eventual [...]
Premier Inn owner warns of ‘mounting pressure’ of tax rises before Budget October 16, 2025 Whitbred, the owner of Premier Inn, has warned that tax rises are becoming more likely and could pose a serious risk to the UK’s hospitality industry. Chancellor Rachel Reeves faces a £40bn gap in the nation’s finances, which is ever-more likely to be filled by a tax-raising Autumn Budget. The target of those tax rises [...]
Security adviser made ‘independent decision’ to use Labour policy in Chinese spy statement October 16, 2025 A Labour minister has claimed the deputy national security adviser made an “independent decision” to use what appeared to be the political party manifesto’s wording in his witness statement provided to the the Crown Prosecution Service (CPS) regarding the alleged collapsed spying case. Cabinet Office minister Chris Ward doubled down on political claims that the [...]
Construction output weakens as gloom persists October 16, 2025 UK construction output has continued to shrink as companies struggle to build at the pace required by the government’s far-reaching housing goals. Output fell 0.3 per cent month on month in August, according to the Office for National Statistics (ONS), with the most pronounced decline in repair and maintenance. “The underlying trends in construction are [...]
Apple kits out WSL teams with latest MacBooks, iPads and iPhones October 16, 2025 Apple is giving Women’s Super League clubs a range of its latest MacBooks, iPads and iPhones worth thousands of pounds as part of a new partnership with the competition. Coaches and other performance staff will be able to use the MacBook Pros and iPads to perform and share video analysis of matches and training sessions. [...]
Autumn Budget: Wealth tax would drive £100bn out of UK economy October 16, 2025 Rachel Reeves is facing renewed calls to rule out any form of wealth tax in the Autumn Budget with concerns such a move would drive £100bn out of the UK economy. The Chancellor confirmed on Wednesday higher taxes on the nation’s wealthiest would be a “part of the story” in the Budget. But fresh research [...]
IG pockets £75m after disposal of future exchange platform to beef up crypto capabilities October 16, 2025 Investment broker IG has disposed of its future exchange platform, Small Exchange Inc, as part of a partnership with global crypto exchange Kraken. IG sold the Chicago-based company, which it purchased in 2023, to Payward Inc., the parent company of popular cryptocurrency platform Kraken, for $100m (£74.9m). The sale consisted of $32.5m in cash and [...]
Salesforce: Trust is ‘critical’ when it comes to AI October 16, 2025 Trust has become key when it comes to businesses using AI. As Salesforce’s Brent Hayward, head of competitive intelligence, told City AM: “I don’t think there’s any more valuable thing. If you’re in the business of working with other businesses or customers, then trust… It is the foundational level”. Hawyard insisted that this trust ‘layer’ [...]
Merz calls for pan-European stock exchange October 16, 2025 Friedrich Merz has called for the creation of a pan-European stock exchange in a move that would help it compete with Asian and US counterparts and eclipse the liquidity offered on London’s ailing bourse. In an address to parliament in Berlin, the German Chancellor said European businesses need a “sufficiently broad and deep European capital [...]