By: Maria Ward-Brennan

Professional Services Editor Maria Ward-Brennan is the Professional Services Editor at City AM, focused on law, Big Four, and other management and accounting consulting firms. She was previously a litigation reporter at The Lawyer. Contact her via email at maria.ward-brennan@cityam.com or X (Twitter) @MariaW_B.

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Ryanair boss could land near-£2bn payout after Elon Musk feud

January 21, 2026

The boss of Ryanair could land a cash payout of as much as £1.7bn if the world’s richest man, Elon Musk, acts on his threats to buy the airline. Michael O’Leary, who has been chief executive of the County Dublin-based business for more than 30 years, has accumulated the sixth-largest stake in the company, with [...]
David Lammy’s plan to seize law firm interest sparks outrage

January 20, 2026

Secretary of State for Justice David Lammy was accused of a “brazen attempt” to “confiscate law firms’ cash” after the government revealed plans to take the interest law firms earn on money sitting in their client accounts. Earlier this month, the Ministry of Justice opened a consultation on a proposal to introduce an Interest on [...]
High Court showdown over alleged ‘procedural irrationality’ in Gatwick runway £2.2bn approval

January 20, 2026

The Secretary of State has been accused of reaching “inherently contradictory and irrational” conclusions by finding Gatwick’s second runway would have a “significant adverse effect” on the climate, the High Court heard this morning. The transport secretary, Heidi Alexander, greenlit plans for Gatwick Airport’s second runway, the Northern Runway, in September. This was “the largest [...]
US tax consultancy faces $12bn threat, but AI could deliver $19bn in gains

January 20, 2026

New research suggests AI could drive a $7bn (£5.2bn) net increase in the US tax consulting industry if firms shift focus from routine compliance to high-value advisory. The report from Source Global Research revealed that despite the potential threat to revenue, over half of all US tax services are expected to be significantly powered by [...]
Labour scraps Audit Reform Bill to ‘avoid’ costs on firms

January 20, 2026

The Audit Reform and Corporate Governance Bill, added into Labour’s first King Speech, is now being scrapped to “avoid significant new costs to firms”. The reform was first raised in 2018 following the collapse of Carillon, but has been on and off the table ever since. The Bill was shelved by the previous government in November 2023 [...]
FTSE 100 Live: Stocks fall as Trump ramps up pressure; Unemployment at four-year high

January 20, 2026

Good morning and welcome back to the City AM liveblog. Thousands more Brits exited the jobs market in November as the estimated number of payrolled employees fell by 33,000. New figures from the Office for National Statistics (ONS) showed the UK unemployment rate for people aged 16 years and hit 5.1 per cent in September [...]
Gatwick’s £2.2bn second runway to be challenged in court

January 19, 2026

Gatwick Airport’s £2.2bn second runway will be the focus of a legal challenge at the High Court on Tuesday, as an environmental group opposes the government’s decision to grant the approval. In September, Gatwick Airport’s second runway, the Northern Runway, received development consent from the transport secretary, Heidi Alexander. Gatwick has had a northern runway [...]
Zurich makes £7.7bn play for Beazley after FTSE 100 firm rejected first offer

January 19, 2026

Zurich Insurance Group has launched its second public pursuit of Lloyd’s of London prominent underwriter Beazley with a revised proposal at 1.280 pence per share, valuing the firm at just under £8bn. At the start of the month, Zurich privately submitted a proposal to the Beazley board to acquire 100 per cent of the company [...]
Judge refuses BHP permission to appeal landmark case

January 19, 2026

The High Court has refused mining giant BHP permission to appeal a ruling that found it liable for a dam disaster under both environmental law and the Brazilian civil code. The Melbourne-HQ’d group was sued in London over a deadly dam disaster in Brazil in 2015. Law firm Pogust Goodhead launched a group lawsuit in [...]
CVC and AIG forge landmark $3.5bn investment alliance

January 19, 2026

Private equity firm CVC Capital Partners announced a $3.5bn (£2.61bn) strategic partnership with American International Group (AIG) to support “long-term investment objectives”. As part of the agreement, announced on Monday, AIG will act as a ‘cornerstone investor’, a private equity secondaries evergreen platform, contributing up to $1.5bn from AIG’s existing private equity portfolio. This aims [...]

Polestar 3: Swedish electric SUV delivers premium performance

Prem Rugby chiefs admit its ‘challenging’ to compete with Top 14

Polestar 3: Swedish electric SUV delivers premium performance

By: Maria Ward-Brennan

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