L&G: FTSE 100 giant reveals £2bn plan to create 24,000 jobs October 20, 2025 FTSE 100 giant Legal & General (L&G) has revealed plans to invest £2bn in regeneration projects across the UK in a move which it said will create around 24,000 jobs. The group said it would invest into ‘productive assets’ such as infrastructure, affordable housing and urban regeneration between now and 2030. L&G added that it [...]
What’s the point of AGMs? October 16, 2025 AGMs should be a proper opportunity to engage with investors, instead they have become a pointless compliance exercise. Time to look again, says Emma Burdett So another “AGM season” passes us by with nothing achieved other than a mountain of regulatory work wasting valuable corporate resources. In an ever changing world the conformity of the [...]
EY accused of missing ‘red flag’ in NMC collapse October 14, 2025 Big Four firm EY UK was accused of being “grossly negligent” and failing in its most fundamental audit duties over seven years, allowing a massive fraud to continue and ultimately causing NMC’s financial collapse. The mammoth £2.7bn legal battle between EY and its former clients, a London-listed health giant that collapsed after allegations of fraud, [...]
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 [...]