By: Chris Dorrell

Chris Dorrell is a freelance journalist and City AM contributor. He was previously City AM's banking and then economics reporter. When Chris is not breaking news, he can often be found playing with his band Totally Amorphous.

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Gold meltdown takes shine off speculative rally

February 2, 2026

The 12th Century theologian Alain de Lille could be forgiven a chortle on his heavenly cloud after witnessing the latest rollercoaster in gold prices. “Do not hold everything gold that shines like gold,” he warned over 800 years ago, a warning that many traders failed to heed in the latest speculative rally. Last Thursday the [...]
GDP set to soften in 2026 as tax hikes bite

February 2, 2026

The UK is set for another year of soggy growth, according to new forecasts from EY, with the government’s tax hikes and ongoing worries about a global trade war hamstringing momentum. The Big Four firm predicted that GDP would rise 0.9 per cent in 2026, slower than the 1.4 per cent recorded last year, as [...]
Salons could ‘pull down shutters for good’ as business rates bite

February 2, 2026

The British Beauty Council has urged the government to extend support on business rates to hair and beauty salons, or watch firms up and down the country “pull down their shutters for good”. Victoria Brownlie, chief policy and sustainability officer at the British Beauty Council, warned that the profitability of beauty salons has been “hollowed [...]
Trump declares ‘America is back!’ as US markets touch record highs

January 28, 2026

Renewed AI-hype helped the S&P 500 break through the 7,000 mark for the first time ever on Wednesday, while the dollar clawed back some ground after a bruising few weeks. Equities soon pared their gains, falling below the 7,000 benchmark a few hours after the opening bell, and the S&P 500 had swung back into [...]
Podcast group Goalhanger nets US investor backing

January 28, 2026

US-based investment firm The Chernin Group (TCG) has taken a minority stake in Gary Lineker’s Goalhanger Podcasts, becoming the first outside investor in the podcasting giant. The investment will support Goalhanger’s “next phase of growth”, which includes accelerating its expansion into the US and developing new IP from its hit shows. The transaction was completed [...]
TfL wants to create a publicly owned bus company for London

January 28, 2026

Transport for London (TfL) is working on plans to create a publicly owned bus company to compete against private operators in the capital. In its draft business plan, detailing investment priorities for the rest of the decade, TfL said “we will develop detailed proposals for a new publicly owned bus company”. “We will assess how [...]
Easyjet rebuked over ‘misleading’ £5.99 cabin bag deal

January 28, 2026

Easyjet has been warned by the advertising watchdog over a “misleading” tab on its website which suggested that passengers could get a large cabin bag ‘from £5.99’. The Advertising Standards Agency (ASA) said it had not seen “sufficient evidence” that it was possible to book large cabin bags at this price across a range of [...]
Bailey warns of ‘urgent need’ to improve resilience in non-bank finance

January 28, 2026

The Governor of the Bank of England has warned of an “urgent need” to improve the resilience of the sprawling network of financial firms lending beyond the traditional banking sector. Andrew Bailey said that the financial sector was significantly more robust than it had been before the financial crisis, but warned that regulators still faced [...]
Fintech growth sparks London hiring spree

January 28, 2026

Fintech firms drove a hefty increase in hiring in the financial sector last year, a new report from City recruiter Morgan McKinley shows. Across the financial sector, the number of listed vacancies rose 13 per cent compared to the previous year despite continued inflationary pressures and lingering economic uncertainty. Fintech hiring surged 29 per cent [...]
Sterling surges to highest in four years amid dollar weakness

January 27, 2026

Sterling touched its highest level against the dollar in four years on Tuesday as selling pressure on the greenback intensified. The pound was trading at $1.376, its highest level since 2021, while the euro also rose to multi-year highs on Tuesday afternoon, continuing a poor run for the dollar. In January alone the dollar index [...]

Friends of The Whisky Exchange launches to reward customers

Chelsea suffer biggest financial loss in Premier League history

Friends of The Whisky Exchange launches to reward customers

By: Chris Dorrell

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