Autumn Budget: ‘Window is closing’ on Labour’s growth mission October 9, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, chief executive of BusinessLDN shares what he thinks could be the capital’s 21st century moment. The “window is closing” on the government’s mission to achieve economic growth, the boss of London’s business advocacy group [...]
Regulator fines KPMG for N Brown Group audit errors October 7, 2025 Big Four firm KPMG and a former partner have received heavy fines and formal reprimands from the accountancy regulator for serious failures in their audit of N Brown Group plc’s 2022 accounts. The Financial Reporting Council (FRC) found that KPMG and Anthony Sykes failed to meet international auditing standards, with the firm admitting to serious [...]
The Capitalist: Butler boogies her way towards 2028 October 3, 2025 The week’s gossip and City whispers: it’s the latest edition of The Capitalist CITY AM’s Samuel Norman is no stranger to fanboys, fintech superfan-in-chief such as he is, but this week he was delighted to find he had a fan of his own in the form of 14-year- old reader Ben. The teen, with a [...]
Google UK cuts 400 jobs as turnover nears £3bn October 3, 2025 The UK arm of Google cut almost 400 jobs during its latest financial year as its turnover neared the £3bn mark, it has been revealed. The London-headquartered division reduced its headcount from 7,422 to 7,029 in 2024, new accounts filed with Companies House show. The results also reveal that Google UK’s turnover increased in the [...]
Selfridges: Losses slashed despite revenue hit October 1, 2025 Losses at luxury department store chain Selfridges have been slashed during its latest financial year despite its revenue taking a hit. The business, which has UK stores in London, Birmingham and two in Manchester, has posted a pre-tax loss of almost £16m for the 48 weeks to 4 January, 2025. The latest figure comes after Selfridges’ [...]
London Fashion Week: A new chapter for British fashion under Laura Weir September 26, 2025 Last week’s London Fashion Week reignited the spark within the fashion industry, under the British Fashion Council’s (BFC) new chief executive, Laura Weir. Weir is proving herself to be the right person at the helm of BFC as she works on improving the industry and the LFW brand. She has achieved this by waiving the [...]
Losses widen at owner of scandal-hit The Groucho Club September 26, 2025 Losses have widened at the owner of The Groucho Club in London despite its turnover rising during its latest financial year. The Groucho Club is one of London’s most famous private members’ clubs and has been going since 1985. The Soho venue was founded a a more relaxed alternative to traditional gentlemen’s clubs and has [...]
Reeves considering ‘staggered stamp duty payments’ to boost housing market September 18, 2025 A proposal to spread stamp duty payments across several years, in an effort to drive growth and boost the housing market, is among changes to property tax being considered by the Treasury ahead of Budget discussions with the Office for Budget Responsibility (OBR). Suggested reforms to stamp duty would allow house buyers to pay the [...]
University funding crisis spreads to wider economy September 16, 2025 UK universities are facing mounting funding crisis that is affecting the country’s wider economy – with regions like Wales and the North East more at risk. According to new analysis from Oxford Economics, universities added £80bn in gross value added (GVA) to the economy and supported 1.2m jobs in 2024, including staff directly employed by [...]
Audit watchdog launches ‘bold new programme’ to support growth at smaller firms September 12, 2025 The audit regulator has unveiled a new initiative aimed at enhancing the presence of the UK’s small audit firms in the Public Interest Entity market. The Financial Reporting Council (FRC) has initiated a new and more proportionate supervisory approach, designed to enhance audit quality and reflect the unique needs of smaller firms. The body will [...]