UK firms axe PR and consulting spend as AI tools muscle in October 6, 2026 British businesses are shelving spending on public relations and consultancy firms as they embrace the capabilities of PR tools, according to City AM’s latest Business Spend Pulse. The share of UK firms who spent money on management consultants and PR services fell sharply in September to just 4.2 per cent, despite an overall 3.1 per [...]
Since SpaceX’s debut, hopes of a blockbuster IPO season have ground to a halt October 6, 2026 It was hoped SpaceX’s blockbuster June flotation would add rocket boosters to the global IPO market. But four months on, momentum has come crashing back down to earth. Wall Street IPOs have slowed considerably since Elon Musk’s $75bn (£56.7bn) listing, damaging what was once expected to be a quarter chock-full of floats. Smart-ring maker Oura [...]
KBRA Assigns Preliminary Ratings to Anchor ABS 2026-1 PLC October 5, 2026 KBRA UK (KBRA) assigns preliminary ratings to seven classes of notes to be issued by Anchor ABS 2026-1 PLC (Anchor 2026-1), a UK consumer loan ABS backed by a static pool of unsecured, fixed rate, fully amortising personal loans originated by Admiral Financial Services Limited (AFSL). Initial credit enhancement is provided through subordination of junior [...]
London Film Festival 2026: everything you need to know October 5, 2026 New blockbusters will be premiered for the first time ever in London later this month, when the London Film Festival returns to the capital. Expect red carpets and some of the world’s most famous faces on the Southbank, as Gala screenings of some of the biggest film releases of 2026 attract international attention. Hundreds of [...]
Monument Bank boss: Wealthy Brits in ‘fear’ ahead of punishing Budget October 5, 2026 Wealthy Brits are in a state of “fear” ahead of the forthcoming Budget, according to a London bank chief, as economic turmoil and speculation of more punishing tax raids ramp up. Ian Rand, the boss of Monument Bank, said affluent Brits were raising concerns over “certainty” and “getting things wrong” when attempting to protect their [...]
Crystal Palace valued at £900m and hire Raine Group to explore investment or sale October 5, 2026 Crystal Palace’s owners have valued the club at £900m and hired the Raine Group to field interest in investment or a possible sale, multiple sources have told City AM. The £900m figure is more than double the valuation at which Woody Johnson acquired 43 per cent of the south London club a little over a [...]
Scrapping jury trials for fraud and financial cases brings ‘serious concerns’ October 5, 2026 Government plans to push ahead with jury-free trials for certain fraud and financial proceedings raise “serious concerns”, according to the Institute for Government (IFG) and lawyers across the City. The proposal, introduced by former justice secretary David Lammy officially last December, following a recommendation in a review of the court system in England and Wales [...]
Power cut leaves City offices in the dark October 5, 2026 Central London was hit by a major power cut on Monday that stretched across dozens of postcodes and left swathes of the City in darkness. According UK Power Networks (UKPN), the body responsible for the upkeep of the electricity network, 33 postcodes were affected by the outage, including thousands of homes and major businesses in [...]
Shock boardroom shake-up as Sunderland chief exits October 5, 2026 Sunderland have parted company with interim chief executive Tom Burwell in a shock move after just five months as the Black Cats’ top man. The club said their majority owner, 29-year-old Kyril Louis-Dreyfus, will take charge of day-to-day operations at Sunderland, who this year are playing in the Europa League. Burwell’s abrupt departure comes 24 [...]
Office cycle racks face the chop as workers opt for e-bikes October 5, 2026 City developers have hailed the Mayor of London’s plans to water down the amount of bike rack space new offices need to provide, arguing that the shift to e-bikes makes these requirements redundant. The London Property Alliance (LPA), which represents hundreds of developers in the City and central London, has welcomed proposals to cut down [...]