Why Westminster’s finest keep ending up on Big Tech’s payroll March 26, 2026 There is a sense of irony in that the employees Silicon Valley’s tech giants most want to hire, are actually the ones who spent years in the public sector trying to work out what to do about them. Nick Clegg, who served as deputy Prime Minister sat through more than one anxious Whitehall discussion about [...]
Next: Iran war costs retailer £15m and could push up prices March 26, 2026 High street giant Next has said it will take a £15m hit from the soaring air freight and fuel prices caused by the Iran war, as it races to make savings elsewhere to offset the costs. The FTSE 100 firm said it expects the conflict to constrain its growth in the Middle East, which accounts [...]
Peter Kyle hints at push for EU customs union return March 25, 2026 Business and trade secretary Peter Kyle suggested joining the EU’s customs union could improve the UK’s economic prospects, with new data suggesting that trade flows in London boomed last year. After being asked twice whether war in the Middle East provided a stronger case for the UK to join the customs union, Kyle refused to [...]
A hundred not out… yet: Why Veeraswamy is in trouble March 25, 2026 Veeraswamy, the Michelin-starred Indian restaurant on Regent Street, celebrated its centenary on 18 March. But it has found itself in the headlines for other reasons recently: glowingly reviewed by City AM’s own Adam Bloodworth two years ago, it is now in dispute with its landlord, the Crown Estate. Campaigners have even called for the King [...]
Rocco Forte: Inheritance tax grab has endangered my family firm March 25, 2026 With luxury outposts across Europe, and plans to expand to the Gulf, Rocco Forte Hotels has become one of Britain’s most successful hospitality exports. But after being hit by a wave of damaging policies – including a potentially existential inheritance tax crackdown – he tells Ali Lyon, he is more disillusioned with Britain now, than [...]
Revolut and Nationwide sharpen swords in battle to bank Britain March 25, 2026 The claws are out in the battle to bank Britain and in this week’s column Samuel Norman takes a look at the latest shots fired from Revolut and Nationwide. If you had ‘Graham Norton sitting on a horse’ on your banking bingo card, congratulations. The BBC chat show host has swapped his famous sofa with [...]
Wall Street private credit fears grow as Apollo blocks withdrawals March 24, 2026 Wall Street’s private credit crisis has spread further as further asset management giants blocked withdrawals from flagship funds. Apollo Global Management became the latest shadow bank to cap redemptions from one its biggest private credit funds after investors tried to pull $1.6bn (£1.1bn) over the last three months, as investor worries over the $3 trillion [...]
Trump’s call to pause strikes in Iran boosts markets March 23, 2026 Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]
FCA hands Palantir sensitive data in AI crime push March 23, 2026 Britain’s financial watchdog is turning to AI to hunt down fraud, raising security questions over who gets to see and use sensitive data. The Financial Conduct Authority (FCA) has awarded Palantir a three-month contract to analyse its internal intelligence systems which notably contain highly sensitive case files, in a bid to sharpen fraud detection. The [...]
Iceland boss calls for profit cap on energy firms as prices surge March 22, 2026 Richard Walker has urged the government to consider imposing a temporary cap on energy company profits, warning that households risk bearing the brunt of another price shock linked to the Middle East conflict. The Iceland boss, recently appointed as a Labour peer and cost of living adviser, said ministers should examine limiting earnings for producers [...]