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  • KBRA Assigns Rating to Petit Forestier Group’s $510 million and €100 million Senior Unsecured Notes

    Business Wire

    KBRA Europe (KBRA) assigns a BBB rating to the senior unsecured notes (“Notes”) issued by Petit Forestier Group (“Petit Forestier”, “GPF” or “the group”), a global leader in full-service rental of refrigerated vehicles and a leading European lessor of display units and refrigerated containers, founded in 1907. The Notes include aggregate $510 million issued across [...]

  • ‘We’d love an apprentice – but the government has made it too expensive’

    Economics

    Small companies around Britain are facing a cost of business crisis. Bowers & Jones, an award-winning manufacturing firm, tells City AM that changes to the minimum wage have priced it out of employing apprentices. When Jane Somerville led a management buyout of her manufacturing firm and shifted its entire factory across the West Midlands in [...]

    Technician in blue shirt operating a large metal lathe machine, industrial manufacturing process
  • Gatwick takes ‘significant’ passenger hit from Iran war

    Transport & Infrastructure

    Gatwick has suffered a “significant” decline in passenger numbers as a result of the Iran war after airlines cancelled flights to the region and holidaymakers swerved destinations like Cyprus, Greece and Turkey. The UK’s second-biggest airport saw total passenger numbers drop by nearly five per cent because of the Middle East conflict, weighing on revenue [...]

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  • Energy price cap rises to three-year high

    August 26, 2026

    Brits are set for another squeeze from energy bills this winter after watchdog Ofgem confirmed the price cap was set to rise to a three-year high. The regulator said on Wednesday the default tariff for consumers across Britain would increase four per cent to £1,723 for the final quarter of the year. The rise marks [...]

  • As it happened: Antofagasta leads FTSE 100 rally; oil falls as US-Iran deal ‘close’

    August 26, 2026

    Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index slipped on Wednesday morning, dragged down by oil majors BP and Shell, before recovering later in the day to be level with Tuesday’s close. Brent crude – the international benchmark – fell by more than two per cent on Wednesday to $86 [...]

  • State pension set to pile pain on next generation of taxpayers, Healey warned

    August 26, 2026

    The state pension is set to be the main driver of tax for the next generation of taxpayers, a Labour-linked think tank has warned in a paper that urged Chancellor John Healey to levy higher charges on wealth rather than income.  New research from the Institute for Public Policy Research (IPPR), the former employer of [...]

  • FTSE 100 creeps closer to record high as investors dodge AI turmoil

    August 25, 2026

    The FTSE 100 is creeping toward another record high after logging its best run in three months, as investors hunt for stocks detached from AI and tech. London’s blue chip index has recorded five straight days of gains and ticked up 0.18 per cent on Tuesday to trade at 10,875 by 11:45am. If it continues [...]

  • As it happened: FTSE 100 jumps in best streak since May; Vistry, Melrose lead risers

    August 25, 2026

    Welcome back to the City AM FTSE 100 liveblog. The blue-chip index jumped on Tuesday to extend its best winning streak since May. Melrose Industries led the FTSE 100 after the completion of a probe into a chemical incident in California, while Vistry gained 18 per cent on the FTSE 250 after winning cash in [...]

  • Budget 2026: Which taxes will Burnham and Healey hike?

    August 25, 2026

    With interest rates on course to remain elevated and a new government keen to win over sceptical voters with cost-of-living measures, economists think tax rises at October’s Budget are all but guaranteed. But where will the new Chancellor look for revenue? Ali Lyon and Mauricio Alencar examine the most likely revenue raisers. Speak to any [...]

  • Morrisons pledges to slash prices as price war intensifies

    August 24, 2026

    Morrisons has pledged to match prices with its rivals on hundreds of products, as the debt-ridden grocer ramps up an emerging price war between UK supermarkets.  The private-equity-owned supermarket has vowed that 500 of its “everyday essentials” will not be found cheaper at any of Tesco, Sainsbury’s, Asda, Aldi or Lidl.  Britain’s supermarkets are fighting [...]

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