Merck warns UK is ‘not internationally competitive’ as it scraps £1bn London research centre September 10, 2025 Merck has pulled out of a planned £1bn London drug research centre in the latest blow to the government’s growth agenda. The US pharma giant is to lay off 127 staff alongside abandoning the construction project, which had been set to open in King’s Cross in 2027. The firm warned the UK would lag behind [...]
Defence stocks rise as Europe’s tensions with Russia escalate September 10, 2025 European defence stocks rallied on Wednesday after the shock arrival of Russian drones across the border with Poland sent tensions in the region to fresh highs. Shares in FTSE 100 giant BAE Systems closed up 2.1 per cent to 1,830p by the end of the day’s trading in London, while Italy’s Leonardo rose 2.4 per [...]
Enhanced Games: Brit Ben Proud joins so-called Doping Olympics September 10, 2025 British Olympian Ben Proud could have his UK Sport funding cut after choosing to join the Enhanced Games. The rebel competition, known by many as the Doping Olympics, will allow the Paris 2024 silver medal winner to take any measure of performance enhancing substances in pursuit of victory. The controversial competition has filed a $800m [...]
Tube strikes: Union leader says £72,000 salary is not enough September 10, 2025 RMT chief Eddie Dempsey has claimed that tube drivers on £72,000 a year were not making enough to buy a home in London, reflecting the union boss’ militant position on ongoing tube strikes. The union boss told Times Radio he made “no apologies” for the ongoing strike as he said the salary, which is around [...]
Pisces rival claims LSE venue won’t give firms enough trading volume September 10, 2025 The London Stock Exchange’s plan to let private companies trade shares just twice a year on a new private stock market will not offer firms or investors enough trading volume, according to the boss of a rival platform that hopes to launch next month. Mike McCudden, chief executive of private shares platform JP Jenkins, told [...]
Iconic City of London building unveils three new art galleries September 10, 2025 One of the City of London’s iconic buildings has unveiled three new free-to-enter art exhibition spaces that will house 24 shows over the next year. The No.1 Poultry building between Bank and St Paul’s has partnered with arts charity Hypha Studios and the Cheapside Business Alliance to turn currently unused offices into gallery space. Some [...]
City of London Police chair: Fraud is ‘damaging the foundations of our nation’ September 10, 2025 The chair of the City of London Police Authority Board has warned that fraud is “damaging the foundations of our nation” and the UK must treat it with the same urgency as street crime. Speaking at the Police Authority Board dinner on Wednesday, City AM can reveal that Tijs Broeke told senior police, business, and [...]
LNER passenger data accessed in cyber attack September 10, 2025 Train operator LNER has revealed passenger contact details and some information about past journeys have been accessed in a cyber attack. The government-owned firm, which operates services on the East Coast main line between London and Scotland, said the breach involved files managed by a third-party supplier. In a statement, LNER said that “no bank, [...]
Tottenham Hotspur take £90m loan following big-spending summer September 10, 2025 Tottenham Hotspur have taken out a £90m loan from Australian bank Macquarie in a move that improves the heavily indebted Premier League club’s cash flow. Spurs have borrowed the sum against future media rights revenue that they are due to receive from the Premier League during the current season. Such loans are not uncommon even [...]
Salford Red Devils owners accused of using fraudulent bank documents September 10, 2025 Super League team Salford Red Devils’ owners have been accused of trying to buy their £14m stadium using fraudulent bank documents. The club, who share the Salford Community Stadium with Prem Rugby club Sale Sharks, have been embroiled in financial chaos for much of the season. Isiosaia Kailahi and Curtiz Brown took charge of the [...]