City of London confirms major funding for housing upgrades December 12, 2025 The City of London has confirmed funding for upgrades to its housing stock across the Square Mile and six London boroughs. The Corporation, which manages 1,800 social rented homes as well as 900 leasehold properties across London, has allocated £152m from the City’s Fund to support the major works programme, which totals £211m. The decision [...]
Jamie Oliver ‘cutting jobs’ ahead of restaurant chain’s return December 12, 2025 A part of Jamie Oliver’s business empire has cut a firth of its workforce, according to reports, as the celebrity chef plans a return to the high street next year. Jamie Oliver Group has shed 25 of its 126 employees through a redundancy round, Sky News has reported. City AM has contacted the group for [...]
What could digital exams mean for British pupils? December 12, 2025 By the end of the decade, British pupils could be swapping pens for keyboards in GCSE and A Levels, marking the biggest change to exams in a generation. Ofqual has launched a 12-week consultation on regulating on-screen assessments, showing that digital exams are no longer a distant idea. Under the proposals, each exam board would [...]
‘It probably could do my job’: New ChatGPT model catches up with junior bank analysts December 12, 2025 OpenAI introduced a new ChatGPT model on Thursday, which they claim is the first to outperform human experts. The software, GPT-5.2, is specifically designed for professional use and was tested using tasks which would typically be assigned to a junior analyst at an investment bank. These included putting together a three-statement model for a Fortune [...]
‘We chose AIM over Nasdaq and Euronext’: Power Probe boss December 12, 2025 The boss of US toolmaker Power Probe said he felt the AIM market was the best international venue for the company after completing a London stock market float. In an interview with City AM, Power Probe chief executive Chema Garcia said: “With 90 per cent of our revenue in the US, the first option was [...]
Premier League Predictions: Wins for Chelsea and Liverpool, misery for Man United and Arsenal to hammer Wolves December 12, 2025 The penultimate match round before Christmas takes place this weekend with plenty at stake in the Premier League. There’s a clash between top and bottom on Saturday as Arsenal host Wolves, as well as some intriguing narratives to monitor at Anfield. And on Sunday, there’s the first league meeting between Sunderland and Newcastle in nearly [...]
Sumer Group, champions of SMEs, leading the way towards economic growth December 12, 2025 They tackled Brexit head-on, survived Covid, coped with the impact of the war in Ukraine and battled rising costs. The latest growth forecast from the Office for Budget Responsibility presents a further challenge with the OBR reducing their expectations for productivity growth by 0.3ppts to 1 per cent. In times of uncertainty these businesses have [...]
FTSE 100 Live: Blow for Reeves as economy shrank ahead of Budget December 12, 2025 Good morning and welcome back to the City AM liveblog. Today fresh economic data has given another crucial assessment of the Chancellor’s growth agenda. The UK economy shrank 0.1 per cent in October as businesses paused investments amid consistent rumours around upcoming tax hikes in Rachel Reeves’ second Autumn Budget. A Bloomberg poll of City economists had predicted the Office [...]
Runware raises $50M to accelerate AI media generation December 12, 2025 London-based startup Runware has raised $50m in a Series A round led by Dawn Capital, as companies rush to leverage potential productivity gains from AI-powered image, video, and audio tools. Other investors included Speedinvest, Comcast Ventures, and existing backers like Insight Partners, a16z Speedrun, Zero Prime Ventures, and Begin Capital. Founded in 2023 by Flaviu [...]
Private members’ clubs are the new face of London heritage December 12, 2025 Private members’ clubs have evolved from exclusive retreats for the elite has evolved into a defining force behind one of the most dynamic investment trends in London’s hospitality market: the rise of the club-hotel hybrid, says Daniel Kyriakides London has always excelled at reinventing its own traditions and nowhere is that clearer than in the [...]