‘It’s gone’: How a social housing scheme left amateur investors £40m out of pocket Property A social housing investment scheme that promised amateur investors huge returns with no risk has collapsed into administration owing its backers nearly £40m, City AM has learned. Alderley Group, which invested in affordable housing projects across the North West of England, has left around 1000 investors out of pocket after claiming it could guarantee returns [...]
Exclusive: Santander’s Ebury eyes £100m Lumon takeover Fintech Ebury is weighing a takeover of foreign exchange firm Lumon as it looks to accelerate its expansion ahead of an initial public offering, City AM can reveal. London-based Ebury, which is majority-owned by Santander, is currently in talks with Pollen Street over a potential bid for Lumon that could value the company at north of [...]
‘Sh*tloads to come’: London takeover spree set to accelerate Investing At a gathering of some of London’s top bankers in the City of London last week, the mood was one of uncertainty. On the one hand, London’s dealmakers are not in want of work. In the past two weeks alone Easyjet has opened the door to an approach from American private equity firm Castlelake, Ramsdens [...]
London fund manager Redwheel taps bankers for £150m sale June 24, 2026 London-based fund manager Redwheel has called in bankers to run a potential sale process which could value the company at more than £150m, City AM can reveal. Redwheel, which manages around $22bn for clients across four equity and bond strategies, has recently begun working with London-based advisers at BNP Paribas to review its options after [...]
Five graphs that reveal Burnham’s fiscal headache June 23, 2026 Andy Burnham was not shy with his spending pledges in the run up to victory in Makerfield last week. At various points, the former Manchester Mayor has pledged his party will nationalise water companies, including Thames Water; “stick with” the Waspi women, signalling a potential multi-billion pound payout to aggrieved pensioners; slash rail fares; kick [...]
Burnham warns Labour of ‘final chance’ after Makerfield win June 19, 2026 Andy Burnham has warned Labour MPs they have a “final chance to change” after sweeping to victory in the Makerfield by-election and setting the stage for a leadership challenge against the Prime Minister. Allies of Burnham called on the Prime Minister to hand over power after he bucked a national slide in Labour’s popularity to [...]
