By: Matt Kenyon

Digital Editor Matt Kenyon is City AM's Digital Editor. He oversees digital strategy for editorial, whilst writing the odd feature for the paper and co-hosting the Business As Usual podcast. You can reach him at matt.kenyon@cityam.com

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Boots to be taken over by US private equity firm in $10bn deal

March 7, 2025

Walgreens Boots Alliance (WBA), the owner of Boots, has agreed to a $10bn (£7.8bn) takeover by a US private equity firm. Sycamore Partners is expected to complete the takeover by the end of the year. The US-listed WBA said of the deal: “[Sycamore’s] experience in retail and consumer services would ensure WBA was better positioned [...]
Employment reforms “highly damaging” to investment, warns CBI chief

March 7, 2025

The government’s proposed reforms to employment law would be “highly damaging” to business investment in the UK, according to CBI president Rupert Soames. Writing in The Times, Soames argued that this week’s U-turns on more controversial aspects of the legislation – from changes to statutory sick pay, to tweaks to protections for agency workers and [...]
Chancellor facing £10bn headache in Spring Statement

March 6, 2025

Rachel Reeves faces a tax and spend nightmare at the Spring Statement, according to the Institute for Fiscal Studies (IFS) think tank. In a lengthy report, the IFS says Reeves is snookered between the realities of a bleak economic environment and her own self-imposed fiscal rules, resulting in what could amount to a £10bn tax [...]
US business still a pest for Rentokil

March 6, 2025

Pest control firm Rentokil Initial has reported lower profits after a “challenging year”, following a squeeze on its North American business lines. Revenue climbed marginally to £5.43 bn, up 1.1 per cent from 2023. Operating profit dipped 7 per cent to £834m in 2024, while adjusted earnings before interest, taxes and amortisation (EBITA) rose by [...]
Pension death tax will punish millions of savers, says advisory firm

March 5, 2025

Planned government changes to pension taxes must be dropped, according to City experts. Advisory firm Blick Rothenberg has slammed the move as a “poorly conceived policy change [that] penalises prudent savers and their loved ones through double taxation.” The pension reforms – announced in October’s Budget and set to kick in from April 2027 – [...]
UK business confidence in crisis, new report says

March 5, 2025

More than three quarters of bosses have low confidence in the UK business environment, according to a survey by the Adam Smith Institute (ASI) think tank. The ASI Business Confidence Survey took the temperature of 192 business leaders, who between them represent 100,000 employees – from sectors including finance, retail and manufacturing. It paints a [...]
Chancellor lining up billions in spending cuts as fiscal headroom wiped out

March 5, 2025

The Chancellor Rachel Reeves is preparing to announce “major measures” including substantial spending cuts to a number of government departments – including welfare – in the Spring Statement. According to BBC News, sources said that “the world has changed” since the Budget, and that £9.9bn in fiscal headroom projected by the Office for Budget Responsibility [...]
Trump ‘just getting started’ as tariffs take hold

March 5, 2025

In a major joint address to Congress Monday night, a defiant President Trump declared that he is “just getting started” as the backlash to the new Administration’s tariffs against Canada and Mexico intensifies. Trump gave this major speech on the day that he delivered a key campaign pledge, to impose sweeping taxes on the US’s [...]
FTSE Russell to allow Euro and Dollar share prices

March 4, 2025

FTSE Russell have announced that companies with a Euro or a Dollar share price will be allowed to list on the FTSE UK index from September. Currently, only securities trading in Sterling are eligible for inclusion – but there will still be requirements around UK nationality when listing. No companies currently have the ability to [...]
CBI: Consumer spending slump deflating private sector confidence

March 3, 2025

Sluggish consumer spending is damaging the private sector, according to new CBI data that shows business volumes declining faster than in the last quarter. The CBI has projected that private sector activity will fall for a fourth consecutive quarter in the three months up to May, with a 23 per cent drop in activity for [...]

Badenoch sets sights on battle with the Bank

Advertising at World Cup: Levi’s genius, hydration breaks and dodging rules

Procter & Gamble axes relationship with Kremlin propaganda channel

By: Matt Kenyon

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