Rugby league club Salford Red Devils liquidated after 150 years December 3, 2025 Super League club Salford Red Devils have been liquidated, ending the club’s 152-year existence, amid debts of £4m. The club was wound up at a hearing at the Insolvency and Companies Court of the Royal Court of Justice in London on Wednesday morning after four adjournments at previous hearings. Salford Red Devils were taken over [...]
Smiths Group strikes deal to offload detection business for £2bn December 3, 2025 London listed Smiths Group is set to offload another of its businesses, as it works to streamline its operations after bowing to increasing investor pressure. The FTSE 100 company has agreed to sell its Smiths Detection division to private equity firm CVC Capital Partners in a £2bn deal. The business manufactures threat detection technology, including [...]
Taiho Oncology Europe announces the launch of Lytgobi®▼ (futibatinib) in the United Kingdom for eligible adult patients with a previously treated subtype of locally advanced or metastatic cholangiocarcinoma1 December 3, 2025 Lytgobi (futibatinib) marks the first medicine launched by Taiho Oncology Europe in the UK2
Forget retail stores – watch collectors now hang at the clubhouse December 3, 2025 Just past De Beers on London’s Old Bond Street lies an anonymous-looking door. Look through to the lobby beyond it and you’d be forgiven for thinking it was an office block where boring admin-y things happen. In fact, if you take the lift up, the doors open to reveal a calm, cream space. To your [...]
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 [...]