Healey told tax rises for fiscal remedy are ‘not required’ August 20, 2026 Chancellor John Healey does not have to raise taxes to offer the UK economy “immediate remedial action” at the Budget, a top City economist has said. Panmure Liberum economist Simon French, who formerly worked at the Treasury, said the fiscal outlook for the government would be “broadly in the same position” as in the beginning [...]
Standard Life partners with Goldman Sachs and CVC to fuel pension risk transfer business August 20, 2026 Standard Life has struck a deal with a group of global finance giants including CVC and Goldman Sachs in a bid to accelerate its push into the booming pension risk transfer market. The FTSE 100 group has joined forces with a CVC-led consortium, which also includes insurer Prudential, to commit as much as £2bn over [...]
As it happened: FTSE 100 rallies after JD Sports drags on blue chips; oil jumps again August 20, 2026 Welcome back to the City AM liveblog. The FTSE 100 has slipped to a week low on Thursday, as JD Sports dragged on the index after warning on profit. The blue-chip index fell to 10,693 around midday, marking a 0.46 per cent drop on Wednesday’s close and a 0.7 per cent fall in the week [...]
Take it from an AI founder, London is where it’s at August 20, 2026 Forget Silicon Valley, AI startup founder Dima Eremin says UK regulations, conversely, are making London more attractive.
Goldman: Junior white-collar workers squeezed hardest by AI hiring slump August 19, 2026 Artificial intelligence is beginning to weigh most heavily on junior white-collar jobs, according to Goldman Sachs, as new research points to a growing divide between workers entering industries such as consulting and advertising, and their more experienced colleagues. The Wall Street bank analysed employment across more than 800 occupations and found that AI-related hiring pressures [...]
Cut student loan repayments to get youths out of chicken shops August 19, 2026 Crippling student loan repayments have stolen billions from the economy sending struggling graduates to cheap food options and public transport, a consultancy firm has argued. Analysts at Baringa found that cutting the student loan repayment rate from nine per cent to five per cent would free up to £6bn in consumer spending each year for [...]
Inflation leaps to 2.9 per cent in blow to Burnham August 19, 2026 Inflation has leaped up following the reset of the energy price cap, official data has revealed, marking the likely beginning of a long run of increases in price growth. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation [...]
As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz August 19, 2026 Welcome back to the City AM liveblog. The FTSE 100 is falling on Wednesday as oil prices continue their march upwards and investors digest a jump in inflation. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation reading [...]
IPO tweaks are welcome, but London’s market needs root and branch reform August 19, 2026 The FCA's recent IPO reforms are welcome tweaks, but London needs bolder action to win the listings race, writes Samantha Myers.
Klarna cuts revenue target as it forecasts softer European volumes August 18, 2026 Klarna has downgraded its revenue target for the year following unfavourable currency shifts and reduced activity from softer European volumes. The Swedish fintech unicorn said it expects to make between $4.08bn and $4.16bn for the current financial year, down from its previous forecast of over $4.34bn (£3.21bn). This came alongside a reduction in predicted gross [...]