Mark Kleinman: Turning Telegraph page is painful reading for RedBird November 6, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Turning Telegraph page is painful reading for RedBird Gerry Cardinale is not one to give up easily – or quietly. The RedBird Capital Partners principal is now in the third year – and umpteenth iteration – [...]
Pub closures reach new high as hospitality braces for Budget November 6, 2025 Pubs and bars are closing at the fastest rate seen this century, fresh City AM analysis has found, as rising costs squeeze many in the hospitality sector to the point of collapse. The number of British pubs and bar businesses appointing liquidators or administrators surged to 449 in the first 10 months of the year, [...]
George Osborne: Income tax hike is ‘easier’ option for Reeves November 5, 2025 Former Chancellor George Osborne has said that hiking one of the three main taxes which Labour said they would not raise – income tax rates, VAT and national insurance – would be the “easier” option for Rachel Reeves to add significant revenue. In an appearance before the Treasury Select Committee alongside former business secretary Vince [...]
Tech stocks rally after Tuesday’s sell off November 5, 2025 US stock markets rebounded on Wednesday as investor nerves cooled after billion-dollar short positions disclosed in leading AI companies sent tech stocks in a tailspin on Tuesday. Star fund manager Michael Burry, of The Big Short fame, disclosed a $1.1bn (£843m) wager on Palantir and Nvidia shares falling on Tuesday, after drawing attention to similarities between [...]
Chancellor urged to back long-term prosperity in upcoming Budget November 5, 2025 A leading UK wealth manager has urged Chancellor Rachel Reeves’ to back wealthy individuals focused on building wealth and increasing UK investment in the November Budget. Rathbones has called on the government to offer support to wealthier Brits in this month’s Budget in order to drive long-term, sustainable investment and end the cycle of weak [...]
Andrew Bailey: Bank of England Governor to have ‘deciding vote’ on interest rates November 5, 2025 Bank of England Governor Andrew Bailey is set to have the deciding vote on whether to slash interest rates by 25 basis points, analysts have said. The Bank is expected to keep interest rates on hold at four per cent but several analysts have said the decision is on a knife-edge, with four Monetary Policy [...]
Full steam ahead for Trainline as it raises its end of year guidance November 5, 2025 London listed ticketing app Trainline has seen its shares rocket after the firm raised its pre-tax profit guidance. Total revenue inched up 2 per cent year by year to £23m from £229m in the first half of the year. Free cash flow hit £79m, while basic earnings per share increased by 54 per cent to [...]
City watchdog extends motor finance consultation after backlash November 5, 2025 The City watchdog has extended its consultation for its motor finance redress scheme following mounting backlash from lenders and consumers. The Financial Conduct Authority (FCA) announced that it would push back the deadline – initially scheduled for 18 November – to 12 December at 5:00pm. The final criteria of the scheme is expected to be [...]
Cut interest rates by 25 basis points, Shadow MPC says November 5, 2025 Top economists on City AM’s Shadow Monetary Policy Committee (MPC) have called for interest rates to be cut to 3.75 per cent in a narrow 5-4 vote. Economists from academia, business and City giants have said that the UK’s weakening demand and easing price pressures suggested the Bank of England should look to cut interest [...]
JD Wetherspoon ‘more cautious’ on outlook due to Budget uncertainty November 5, 2025 JD Wetherspoon has said it has become “more cautious in its outlook” as Britain’s best-known pub chain braces for the prospect of further tax hikes at the Budget later this month. The firm, which operates around 800 pubs across the UK, reported a 3.7 per cent rise in like-for-like turnover for the 14 weeks to [...]