LSEG pushes up profit forecast as it confirms $3.5bn Octus swoop Markets LSEG has upped its profit forecast for a second time as the operator of the London Stock Exchange confirmed plans to take on credit data specialist Octus in a $3.5bn (£2.6bn) deal. The FTSE 100 firm said the deal to acquire the New York-based business “significantly expands LSEG’s fixed income offering”. “Public and private credit [...]
MPs voice fury after Labour rejects over a dozen proposals to boost UK investment Investing MPs have voiced their frustration after the government flat out rejected more than a dozen proposals to boost lacklustre investment levels in the UK. Members of the House of Commons Business, Innovation, Science and Trade Committee issued a list of recommendations to make the UK a more attractive destination for investment, including rejuvenating the London [...]
Thames Water could tap Labour peer as chair if rescue deal goes ahead Water Thames Water will appoint a Labour peer to become its new chair if a rescue deal goes ahead, a group of its creditors has said, as the embattled utility fights to stave off nationalisation. London & Valley Water, a consortium of investors and creditors to Thames Water which has submitted turnaround plans to keep the [...]
UK firms axe PR and consulting spend as AI tools muscle in October 6, 2026 British businesses are shelving spending on public relations and consultancy firms as they embrace the capabilities of PR tools, according to City AM’s latest Business Spend Pulse. The share of UK firms who spent money on management consultants and PR services fell sharply in September to just 4.2 per cent, despite an overall 3.1 per [...]
Jonathan Reynolds weighs Chinese EV tariffs after sales soar October 5, 2026 Jonathan Reynolds is reportedly weighing up whether to impose tariffs on Chinese EVs as the business secretary grapples with a surge in imports. Ministers are concerned that Chinese carmakers are “dumping” subsidised vehicles into the UK, the Times reported, and are considering adopting the 45 per cent tariff levied on Chinese cars by the EU. [...]
Chinese car sales top 300,000 in Britain this year as European rivals lose ground October 2, 2026 More than 300,000 Chinese cars have been sold in the UK so far this year, setting a fresh record as European rivals lose ground. Chinese carmakers made up five of the top 25-performing brands in the first nine months of the year, data from The Society of Motor Manufacturers and Traders (SMMT) has revealed, accounting [...]
Britain’s oldest brewery mulls future as cost pressures bite September 30, 2026 The family-run company behind Britain’s oldest brewery is exploring its future after wrestling with soaring costs and sliding sales. Shepherd Neame, which was founded in 1698 in Faversham, Kent and is the firm behind classic British beers Spitfire, Bishop’s Finger and Whitstable Bay, said it had begun a strategic review into its brewing operations “to [...]
Drama in the City as Lord Mayor frontrunner pulls out over ‘criminal proceedings’ facing close associate September 28, 2026 The frontrunner to become the next Lord Mayor of the City of London has abruptly withdrawn his candidacy after a close business associate was hit with criminal proceedings, City AM understands. Tim Hailes, a former JP Morgan banker who became a City alderman in 2013, took the decision to step aside late last night in [...]
Gary Lineker collects million-pound dividend after Goalhanger toasts £10m profit September 25, 2026 Gary Lineker has shared in a £5m dividend after Britain’s biggest independent podcast business toasted bumper profit. Lineker, a former England footballer and BBC presenter who co-founded Goalhanger and remains one of its largest shareholders, collected more than £1m of the payout after it reported rocketing membership numbers and pre-tax profit of £10m. The Kennington-based [...]
As it happened: FTSE 100 rebounds as oil drops back on hopes of Hormuz deal September 25, 2026 Welcome back to City AM’s FTSE 100 live blog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines on Friday morning: The liveblog has ended.No liveblog updates yet. Load more
