Turnberry: Golf course owned by Donald Trump lands in hot water April 24, 2025 One of US President Donald Trump’s golf courses in Scotland has landed in hot water after failing to file a crucial document on time. The 800-acre Trump Turnberry was bought for £39.5m in June 2014 while the president stepped down as a director after first being elected in 2016 and gave control to a trust [...]
UK agri-tech bags Kiwi investment boost April 24, 2025 The UK government has welcomed a strategic investment push from New Zealand into Britain’s agri-tech sector. AgriZero NZ, a public-private fund backed by the Kiwi government and major agri-businesses, joins Innovate UK’s investor partnership programme. The scheme helps scale cutting-edge British agri-tech startups linking them with global investors. Science minister Patrick Vallance told CityAM: “New [...]
London Marathon has never been more popular so why not make it bigger? April 24, 2025 The ballot for entry to the 2026 London Marathon opens tomorrow and closes next Friday. Over 840,000 entered the draw for this weekend’s race. Strip out places bought for fundraising runners by charities as well as club slots and age-graded, guaranteed entries, and the odds of ballot success were just one in 50. Rarity value [...]
Square Mile tailor Neil McCann: I look forward to when gilets are a thing of the past! April 24, 2025 Square Mile tailor Neil McCann tells us about his career, style and the scourge of the gilet in this week's Square Mile and Me.
Zopa Bank: UK fintech doubles profit amid IPO speculation April 24, 2025 Digital bank Zopa doubled its pre-tax profit in its second full year of profitability as the London fintech continued its upward trajectory ahead of a possible IPO. The Canary Wharf-based business pocketed £34.2m in the 2024 financial year, up from £16.8m in 2023. Revenue grew 30.2 per cent to £303.4m. This was driven by an [...]
Black cabs stand ready to compete with Uber, but not in a race to the bottom April 24, 2025 The London tax trade is a rigged market where app-based operators have enjoyed years of political indulgence while black cabs are subjected to an ever-tougher regulatory environment, says Mark White James Ford’s recent City AM column – ‘The London taxi trade is dying – and it’s not Uber’s fault’ – is less a diagnosis than [...]
Mark Kleinman: Fintech Growth Fund’s journey ends in Octopus’s tentacles April 24, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Fintech Growth Fund’s journey ends in Octopus’s tentacles It could scarcely have augured more favourably. An investment fund whose creation was recommended by the City grandee Sir Ron Kalifa in his 2021 review of the UK [...]
Threat of global trade war pulls down Brits’ economic confidence April 24, 2025 Consumer confidence in the UK has taken a steep tack downward thanks to the emerging trade war between the US and the rest of the world. Consumer expectations over the next three months on the state of the economy dropped significantly to -48 in April, down from -35 in March, according to the British Retail Consortium. [...]
Vaping Done Right: How we achieve a smoke-free UK April 24, 2025 We need stronger laws and better enforcement, writes Asli Ertonguc, Head of BAT UK & Western Europe.The next three months will define the trajectory of UK smoking and vaping rates for years, perhaps even decades, to come. The government’s flagship legislation, the Tobacco and Vapes Bill, is entering the final stages of parliamentary scrutiny. On [...]
Tesla misses, yet Musk reassures investors with AI push April 23, 2025 Tesla’s first quarter results, announced at market close yesterday, may have disappointed on traditional metrics. Yet, the company has used its earnings to pivot the story, away from missed car delivery targets and falling profits, and toward its future bets on AI, autonomy and energy. Revenue fell nine per cent year on year to $19.3bn, [...]