Satsuma Technology beefs up top team with ex-PlayTech hire October 14, 2025 Satsuma Technology named its new chief financial officer on Tuesday as part of a plan to beef up its top team. The London-listed group – which provides subnet infrastructure and develops specialised AI agents – appointed Andrew Smith as its new finance boss. Smith had served as chief financial officer for FTSE 250 firm Playtech [...]
IMF downgrades UK growth and warns inflation will be highest in G7 October 14, 2025 Inflation in the UK is set to surge above all G7 countries in the next two years while growth per capita will lag behind the average across advanced economies, the International Monetary Fund (IMF) has predicted. In its World Economic Outlook report, the IMF has said that inflation in the UK will remain higher than [...]
Rachel Reeves told to scrap business rates for new profit tax in Budget October 14, 2025 A City accountancy firm has called on Chancellor Rachel Reeves to scrap business rates in her Autumn Budget and replace them with a new profit tax. Lubbock Fine said business rates, which have been the topic of much lobbying in recent weeks, should make way for a variable local tax on profits. The firm said [...]
UK economy set for marginal August growth October 14, 2025 The UK economy is expected to have marginally grown in August after a sharp slowdown in activity in the second half of the year. A Bloomberg poll of economists suggests the UK economy is expected to grow by just 0.1 per cent over the one-month period, with a contraction of 0.2 per cent in the [...]
Sony Sports tightening grip on world of data in sport October 14, 2025 “We never like to use the word monopoly, it doesn’t go down well,” the head of Sony Sports, Rufus Hack, tells City AM when asked about his firm’s impressive market share across tech in sport. Sony last week purchased a majority stake in StatSports, the performance-tracking firm which counts Harry Kane among its investors, in [...]
JP Morgan bulks up financial cushion as Dimon warns of uncertainty October 14, 2025 JP Morgan has bulked up its financial cushion against loan losses as chair Jamie Dimon warns of heightened risk and global uncertainty. The lender set aside an additional $810m (£610.2m) to cover potential losses from unpaid loans. This defensive money consisted of $608m earmarked for consumer loans – such as credit cards and mortgages – [...]
‘Exceptional’ M&S chair Archie Norman cleared for three more years in role October 14, 2025 Marks and Spencer’s board has unanimously extended Archie Norman’s tenure as chair in light of his “exceptional” performance over the last nine years. While it is uncommon for chairs to stay longer than nine years, the board of M&S agreed that Norman’s “deep knowledge of the business, drive and unique experience” were invaluable to the [...]
TalkTalk to cut more jobs in ‘necessary’ move October 14, 2025 TalkTalk has announced it is looking to cut up to 100 jobs in its consumer business in a move it has described as “necessary”. The company, which has bases in Salford and London, said the move forms part of its bid to ‘returning to its challenger roots’ to become more ‘focused, agile, and dynamic’. A [...]
AI, robot: Tech firm Dexory lands $165m funding round October 14, 2025 Autonomous warehouse intelligence firm Dexory has marked the next phase of its expansion after sealing $165m (£124m) in fresh funding. The firm, which uses autonomous robots, AI and digital twin technology, said the funding comprises $100m in a Series C equity raise alongside $65m in debt. The round was led by LTS Growth and Endeavor [...]
State pension set to rise by more than expected in blow to Reeves October 14, 2025 The state pension is set to rise by more than previously expected after the Office for National Statistics (ONS) revised up its figures on wage growth for July, piling extra costs on public finances for Chancellor Rachel Reeves at this year’s Budget. The ONS revised up its wage growth figure for July from 4.7 per [...]