Deliveroo and Darktrace top UK exits amid IPO draught October 30, 2025 Deliveroo and Darktrace have been named among the UK’s most successful tech exits in the latest ‘Founders Forum UK exit 50 report’, as the country faces ongoing challenges in retaining its high-growth firms. Founders Forum’s annual list, compiled with Tech Nation and HSBC Innovation Banking, ranks the 50 UK tech companies that have navigated scale-up [...]
Reeves may be forced to pay back £38,000 in rent after breach of housing rules October 30, 2025 Rachel Reeves may be forced to pay back tens of thousands in rent to her tenants after leasing her Southwark home without a license. Southwark’s rules on housing allow tenants to claim up to 12 months of rent if they’re a tenant of an unlicensed property. Given that Reeves has been renting out her £3,200-a-month [...]
Exclusive: The Old Vic reveals first new performance space in 207 years October 30, 2025 The Old Vic’s co-CEO Laura Stevenson talks to City AM about the theatre’s new ‘Backstage’ development, which includes a new 100-seater theatre, and cafe and restaurant Photo of Laura by Jonny Ruff In The Old Vic theatre’s new 100-seater performance space, modern lighting rigs are fitted inches from wooden ceiling rafters dating back to the [...]
Shawbrook shares jump in biggest City IPO debut of the year October 30, 2025 Shares in specialist lender Shawbrook soared in early trading after the firm made its IPO debut in the City. The bank’s stock was up over six per cent in early trading to 393.43p. Shawbrook kicked off its London Stock Exchange float targeting a valuation just shy of £2bn with a listing price of 370p. “We [...]
Super-rich ditch London mansions for flats, developer says October 30, 2025 London’s super-rich are swapping mansions for pieds-à-terre as they seek to wind down their presence in the UK or exit altogether, one of the top developers in the capital has said. Alex Michelin, co-founder of Valouran, said many high net worth individuals (HNWIs) remained attracted to London but were scaling down their property investment to [...]
New 1,200-home neighbourhood unveiled in Elizabeth Line-linked Southall October 30, 2025 A new 1,200-home neighbourhood has been unveiled in Southall as the city continues to expand out along the Elizabeth line. Quarter Yards will deliver 1,273 new homes and over 105,000 sq ft of commercial space. Marcus Blake, managing director at one of the developers, St George, said he has seen “strong demand” for housing in [...]
Monzo names new chief as London becomes top IPO choice October 30, 2025 Digital banking giant Monzo has tapped an Astrazeneca board member as its new chief executive as the firm lays the ground for a blockbuster public listing. The London-based fintech is set to replace TS Anil, who has led the bank for the last five years, with Diana Layfield. Anil will step down as part of [...]
How London’s luxury property market ground to a halt October 30, 2025 On Bishops Avenue, it is quiet. On a recent weekend walk down the mile-long parade of luxury mansions, not a single other person could be spotted strolling along the pavement. The property market for Hampstead-based The Bishops Avenue, known locally as Billionaire’s Row, is equally quiet. Aside from one high-end house snapped up by a [...]
The angel’s share: The unique challenges of whisky lending October 30, 2025 At its core, the process of lending money to businesses isn’t particularly complex. Banks and other lenders price loans based on the risk of lending, calculated by assessing a company’s assets, liabilities and cash flow. But how do you price the risk of a business that requires a substantial upfront investment, won’t see a return [...]
Record number of UK businesses face financial woes ahead of Budget October 30, 2025 The number of UK businesses in ‘critical’ financial distress has surged as the economy cries out for certainty in Rachel Reeves’ November Budget. The number of businesses in ‘critical’ financial distress surged 78 per cent year-on-year, to 55,530 in the third quarter of 2025, up from 31,201 in the same quarter last year. The latest [...]