Beauty Tech Group profits jump following London IPO April 16, 2026 The Beauty Tech Group has posted stronger-than-expected annual results after its London listing last year, with revenue and profits surging as demand for at-home beauty devices continued to grow across international markets. The Manchester-founded business, which floated on the London Stock Exchange in October at a valuation of about £300m, told markets on Thursday that [...]
Easyjet shares grounded after revealing £560m hit from Iran war April 16, 2026 Easyjet expects to make a whopping loss in the first half of the financial year after the war in the Middle East led to major disruptions across operations. The budget airline said on Thursday it is forecasting a loss before tax of between £540m and £560m as the industry battles against rising costs. Shares in [...]
FTSE 100 Live: Entain leads modest stock jump; Surprise growth ‘pushed to rear view’ April 16, 2026 Good morning and welcome back to the City AM liveblog. Markets are betting the latest round of peace talks will bring some resolution to the conflict in the Middle East. US markets managed to clinch a record high close on the latest news of peace talks but in London the FTSE 100 splintered and finished [...]
On this day in 1660: The birth of Sir Hans Sloane, father of the Sloane Ranger April 16, 2026 On this day, 16 April, in 1660, Sir Hans Sloane, whose name would later be lent to London socialite class the Sloane Rangers, was born.
The new V&A East Museum is a bold addition to Stratford April 16, 2026 If the purpose of art is to provoke a reaction, the V&A East Museum manages that feat before you’ve even stepped across its threshold. Design studio O’Donnell + Tuomey’s £135m creation is a mad-looking thing, an impossible collection of angles and aspects, animalesque, squatting on its haunches beside Sadler’s Wells and overlooking West Ham’s London [...]
Exclusive: Treasury and regulator to hold crunch talks with UK fintech unicorns April 16, 2026 Top fintech bosses will lock horns with Treasury and watchdog officials next week as the industry lobbies for key regulatory reforms, City AM can reveal. Several of the nation’s fastest-growing companies are set to meet City Minister Lucy Rigby on Tuesday as part of a flurry of key summits in UK fintech week. The City [...]
UK launches £500m Sovereign AI fund as Kendall backs ‘British winners’ April 16, 2026 The UK government has unveiled a £500m push to scale domestic AI firms, as ministers step up efforts to anchor the next wave of tech firms on home soil amid growing competition. Tech secretary Liz Kendall is set to launch the new Sovereign AI Unit in London on Thursday, casting it as a central pillar [...]
KBRA Assigns Preliminary Ratings to Harvest Funding PLC April 15, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes issued by Harvest Funding PLC, a static RMBS securitisation backed by a seasoned non-conforming portfolio of United Kingdom (UK) residential mortgage loans, comprising performing, in-arrears and past-term exposures. The portfolio aggregates to £2.0 billion of first lien loans which are secured by owner occupied [...]
London Lions CEO: We’d love to be in NBA Europe but we have a reason to exist anyway April 15, 2026 London Lions CEO Lenz Balan on the club’s NBA Europe ambitions and the challenges of making British basketball financially sustainable. “I’m, like, an irrational optimist,” says London Lions CEO Lenz Balan as he explains why he views the impending arrival of an NBA Europe team on his patch as an opportunity, not a threat. The [...]
Wayve lands AMD, Arm and Qualcomm cash as UK self-driving push gathers pace April 15, 2026 British autonomous driving firm Wayve has secured a further $60m (£44.2m) from chip giants AMD, Arm and Qualcomm Ventures, as it pushes to get its AI driving software into production vehicles. The fresh backing adds more heavyweight silicon names to Wayve’s investor roster and comes just weeks after the London-based company raised $1.2bn at a [...]