Investec awards East London coffee enterprise Well Grounded £60k grant February 26, 2026 Financial giant Investec has awarded £60,000 to social enterprise Well Grounded, which plans to create 10,000 career opportunities in the coffee sector in the coming decade. Well Grounded, based in East London, runs speciality coffee training programmes for jobseekers and has placed over 1,000 Brits into the industry so far. Unemployment rose to its highest rate in [...]
Financial Times lays off staff as chief executive warns of ‘need for change’ February 26, 2026 The Financial Times has completed a round of layoffs, City AM understands, as the London newspaper’s new chief executive told staff of “the need for change” as part of an internal restructuring. Around a dozen roles across the paper’s Product and Tech department have been axed following a consultation process, according to internal communications seen [...]
London mayor gives green light for pedestrianised Oxford Street February 26, 2026 Sadiq Khan has signed off proposals to pedestrianise Oxford Street, ordering London’s transport authority to begin plans to remove traffic in a major shake-up the nation’s most popular shopping area. The London Mayor gave his approval to the plans on Thursday, claiming the “bold” proposal will transform the high street into a “world-leading” shopping and [...]
LaLiga boss Tebas reignites war with Paris Saint-Germain chief Al-Khelaifi February 26, 2026 LaLiga president Javier Tebas has reignited his war of words with Paris Saint-Germain chairman Nasser Al-Khelaifi by blaming him for the financial problems in French football. Tebas and Al-Khelaifi have clashed repeatedly in the past, most notably when PSG signed Neymar from Barcelona against the wishes of the Spanish club and its league in 2017. [...]
Hong Kong exchange reports record profits as listings rocket February 26, 2026 Hong Kong’s stock exchange operator has posted a second consecutive year of record profits, after the city became one of the top listing destinations globally, following a slump. Net profit rose 36 per cent to HK$17.8bn (£1.7bn) in 2025, Hong Kong Exchanges and Clearing confirmed. Core business revenues, which include fees from trading and clearing [...]
Brits push down house prices to dodge mansion tax February 26, 2026 House sellers are already pushing sale values below £2m in a bid to avoid the coming “mansion tax” on expensive homes. The high-value council tax surcharge (HVCTS) is not due to be implemented until April 2028 but estate agents Hamptons have found Brits are already taking steps to avoid the levy. The “mansion tax” charge [...]
VC boss Anu Adebajo: I was told to temper my ambition. I’m glad I didn’t listen February 26, 2026 We dig into the memory bank of the City's great and good. Today, Anu Adebajo, CEO of Newton Venture Program, takes us through her VC career.
Exclusive: Times Radio in discussions for Boat Race radio rights February 26, 2026 Times Radio is in advanced discussions with the Boat Race over the exclusive radio rights for the annual Oxbridge regatta on the Thames, City AM understands. The race’s TV broadcast is already switching from the BBC to Channel 4 and organisers are now closing in on a move to commercial radio for the first time [...]
How HSBC and Standard Chartered are riding high on Asia’s wealth February 26, 2026 London’s banking giants are circling the UK’s wealth management pie. But two other top lenders could be carving out a feast 6,000 miles away. HSBC and Standard Chartered posted hefty bumps to their wealth divisions, driven by a strategic focus on Asia and the Middle East. In financial results shared on Wednesday, HSBC revealed bank-wide [...]
NBA Europe an exciting opportunity for Super League Basketball, says chair February 26, 2026 The NBA’s creation of new teams in London and Manchester for its planned European venture is “an exciting opportunity” for Super League Basketball, says interim chair Sanjay Bhandari. The two teams are expected to play in both NBA Europe and SLB, the top-tier domestic competition, potentially offering a major boost to the profile of the [...]