Powervault: London Mayor-backed Tesla battery rival collapses December 3, 2025 Battery storage firm Powervault, which had been tipped to become the UK rival to Tesla, has collapsed into administration, City AM can reveal. The London-based company, which had been backed by the Mayor of London’s Greater London Investment Fund as well as the British Business Bank, has appointed administrators Menzies to oversee its wind-down, according [...]
London’s South Bank beefs up leadership team December 3, 2025 South Bank Employers’ Group (SBEG) has welcomed five new appointments to its board amid a modernisation drive. The not-for-profit membership organisation, which was founded in 1991, said it marked the end of a major governance review and the start of a “smaller, more agile board”. Chief executive Nic Durston said SBEG has “transformed the way [...]
Coremont Secures $40M Strategic Investment from Funds Managed by Blue Owl to Accelerate Innovation in Portfolio Analytics December 3, 2025 Coremont, a leading provider of real-time, multi-asset class portfolio management software and analytics, today announced a $40 million strategic growth investment from funds managed by Blue Owl Capital (NYSE: OWL), a leading asset manager with $295 billion in assets under management. The investment recognizes Coremont’s position as a critical infrastructure partner to asset managers, hedge [...]
Meet the hip young watch collectors blazing a fresh trail December 3, 2025 Go to most watch collector hangouts and you’ll be faced with a gang of 50-something-year-old men who love nothing more than to obsess over rare references. I know that because I’m one of them. Well, I’m slightly younger, but you get my point. As far as most people are concerned, that’s what a watch collector [...]
Whitehall was ‘shambolic’ in dealing with collapsed China spy case December 3, 2025 Whitehall officials presided over “shambolic” proceedings in the prosecution of two alleged Chinese spies, a report has suggested, with both government officials and prosecutors coming under fire over the collapse of the case. A report by parliament’s Joint Committee on the National Security Strategy said the collapse of the prosecution against former parliamentary researcher Christopher [...]
‘Why I’ve spent £50m to take my company global’ December 3, 2025 The chief executive of a travel company has revealed why he has decided to spend £50m on acquiring a Canadian counterpart. Steve Byrne, who leads Manchester-based Travel Counsellors, told City AM how his firm’s first international deal to buy The Travel Agent Next Door (TTAND) will help boost its growth on top of its planned [...]
Sheffield Wednesday: Joint bid could win £30m fight for crisis-hit club December 3, 2025 A number of the six bidders for Sheffield Wednesday are considering joining forces as competition to buy the Championship club hots up. Administrator Begbies Traynor has set an initial deadline of this Friday to begin exclusive negotiations with a preferred bidder, but with a number of credible offers on the table that timeline is likely [...]
Majority of young voters consider leaving London due to cost of living December 3, 2025 A majority of young Londoners have considered leaving the capital due to the high cost of living, with one in four actively looking into moving, according to a new survey. Just under half – 47 per cent – of all Londoners have thought about moving out of the capital, with that figure rising to 54 [...]
Londoners don’t want Sadiq Khan to run for Mayor again December 3, 2025 The majority of Londoners do not want Sadiq Khan to run for Mayor again in 2028, new polling has shown, with 56 per cent saying London is going in the wrong direction. A City AM/Freshwater Strategy poll of London voters has shown that three in five of the capital’s residents believe that Khan should not [...]
Has Sadiq Khan laid the groundwork for Mayor Zack Polanski? December 3, 2025 According to a recent YouGov survey, just under 20 per cent of Brits think London is in a bad state and worse than the rest of the country. Only 14 per cent of actual Londoners share that view, while 22 per cent of voters in the North think it’s definitely the case. Just under 20 [...]