Will rich New Yorkers flee to London to escape Mayor Mamdani? November 11, 2025 In a rare reversal of the slow march of UK wealth towards the US – from entrepreneurs upping sticks to companies switching listings – New York City’s incoming hard-left mayor looks set to nudge some of the city’s richest towards London. American arrivals into the UK could soon be made up of an unlikely coalition [...]
Top New York investor offers to work with Zohran Mamdani November 5, 2025 One of New York’s most renowned investors struck a conciliatory tone with the city’s newly elected mayor, Zohran Mamdani, having donated over $1m to rival candidates during the campaign. Bill Ackman congratulated the Democratic socialist on his victory in a post on X and said: “Now you have a big responsibility. If I can help [...]
Wall Street banks toast to $130bn revenue in deal making boom October 15, 2025 Wall Street banks raked in bumper profits, comfortably breezing past analyst expectations in the third quarter, driven by the continued strength of trading desks and a sharp revival in deal making. JP Morgan, Goldman Sachs and Citigroup brushed past estimates on Tuesday, with Jamie Dimon’s banking juggernaut collecting $14.4bn (£10.8bn) in profit – a 12 [...]
Square Mile darling Farmer J bags $23m funding to take on New York October 7, 2025 London’s fast-casual darling Farmer J is heading across the pond after securing a $23m (£17.5m) funding round to launch its first New York flagship later this year, City AM can reveal. The investment, led by existing backer Beringea and joined by a new global hospitality investor, will also fuel three additional London openings before year-end, [...]
London hot on New York’s heels as financial centre race ramps up September 25, 2025 London is now within a whisker of ousting New York as the world’s leading financial hub, fresh rankings reveal, but risks remain over the capital’s fintech prospects. The City was chomping at the heels of the Big Apple with just a singular rating point between the two. New York once more topped the rankings in [...]
London fintech eyes IPO as Klarna’s listing puts pressure on the City September 15, 2025 UK card reader firm SumUp is weighing a stock market listing that could value it at up to $15bn (£11.04bn) – a move that could deliver a rare win for the London Stock Exchange, though the firm is also considering New York amid doubts over the City’s appeal. The London-based fintech, which makes card readers [...]
London fails to reach podium in list of top sport cities September 9, 2025 London has failed to regain a place on the podium for the best sports cities after finding itself fourth for the second consecutive year. European rival Paris secured top spot for the third consecutive year, while US duo Los Angeles and New York made up the top three. London was fourth yet again, having slipped [...]
Billionaire Issa brothers shrink empire ahead of blockbuster IPO August 14, 2025 The forecourts empire founded by the billionaire Issa brothers has sealed a second deal this week to sell off part of its international business as it works up to a possible blockbuster float in New York. Blackburn-headquartered EG Group has agreed to dispose of its operations in Australia to Ampol in a deal which values [...]
Flutter: Paddy Power owner books record quarter August 8, 2025 Online betting giant Flutter hiked its full-year profit guidance for 2025 after a record quarter driven by business in the US. The world’s largest online sports betting operator recorded a 16 per cent rise in revenue to $4.2bn (£3.12bn) in the three months to June 30. Meanwhile, earnings jumped 25 per cent to $919m. FanDuel [...]
NFL HQ was target of New York gunman who killed four, says mayor July 29, 2025 The NFL is believed to have been the original target of the gunman who killed four people on Monday, according to New York City mayor Eric Adams. Examiners think that 27-year-old Shane Tamura, of Las Vegas, was trying to get into the NFL headquarters after shooting several people in the building’s lobby, but ended up [...]