Oxford Street plan to ban taxis and buses gets green light June 17, 2025 Plans to pedestrianise Oxford Street have received a green light after a consultation found seven in 10 Londoners supported the move. Buses and taxis will be banned between Orchard Street and Oxford Circus up to Great Portland Street – almost a mile of London. “This is a hugely significant development for central London,” Leader of [...]
Secure Trust Bank taps Labour donor tied to cronyism scandal as new boss June 17, 2025 An ex-Treasury director who was at the heart of Labour’s “cronyism” scandal has been tapped to take the helm at specialist lender Secure Trust Bank. Ian Corfield, who also spent nearly a decade as chief commercial officer of New Day, will replace retiring chief executive David McReadie. Corfield stepped down from his civil servant role [...]
Are Brexit Britain and Carney’s Canada a dream match? June 17, 2025 As Carney balances political principles with market realities, post-tariff Canada could learn from Brexit Britain, writes Michael Martins.
Business rates to hammer the West End: ‘This whole policy is nuts’ June 16, 2025 A rise in business rates for more expensive properties is set to hammer valuable areas like London’s West End, a leading investment firm has warned. The policy, which aims to bring down business rates for small properties by raising them for large properties, has been slammed as “unlikely to save the high street” and likely [...]
Dunelm’s ‘market-beating’ potential hailed as shares rocket June 16, 2025 Dunelm has been hailed as a “coiled spring” by London broker Peel Hunt amid rising sales and its shares rocketing in recent weeks. The Leicester-headquartered retailer, which is a member of the FTSE 250 index, a “clear moat” compared to its competitors due to a combination of more products, more active customers and a much [...]
Neal’s Yard Dairy: Profit fell before £300,000 cheddar heist June 16, 2025 Profit at London cheese specialist Neal’s Yard Dairy fell in the year before it fell victim to a £300,000 cheddar heist. The southwark-based company hit the headlines in October 2024 when fraudsters posing as legitimate wholesalers received the 950 clothbound cheeses from the business before bosses realised they were a fake firm. At the time, [...]
Toast the City: Jeff Wayne’s War of the Worlds Immersive Experience is unmissable June 13, 2025 This autumn City AM will launch Toast the City, an awards celebrating all the places that make the Square Mile the vibrant, exciting location it is – and we need YOUR help. The Toast the City Awards will recognise the institutions old and new – and the men and women behind them – that make our lives that little [...]
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
Retail footfall dips in May despite higher consumer confidence June 13, 2025 Retail footfall dropped in May amid a wider slowdown in consumer spending despite higher consumer confidence, according to new data. Total UK footfall fell by 1.7 per cent in May year on year, down from a 7.2 per cent rise in April, according to new figures from the British Retail Consortium (BRC). Footfall at shopping centres and on [...]
Darktrace: Most firms dangerously exposed to AI cyber threats June 11, 2025 As artificial intelligence rapidly reshapes the cyber security landscape, many businesses remain dangerously under-prepared, missing foundational practices while rushing to adopt AI tools. At London Tech Week on Tuesday, top industry and government voices in the space warned that without getting the basics right, even the most advanced AI solutions won’t be enough. This announcement [...]