Poppy Gustafsson resigns as investment minister September 5, 2025 UK investment minister Baroness Poppy Gustafsson is stepping down less than a year after the former boss of cyber security firm Darktrace was appointed to the role by Prime Minister Keir Starmer. Gustafsson is understood to be leaving to spend more time with her young family, with the announcement due in the next few days. [...]
London Stock Exchange boss: Fix underinvestment for growth September 5, 2025 The boss of the London Stock Exchange has urged the government to fix investment in capital markets to achieve economic growth. Dame Julia Hoggett, the chief executive of the London Stock Exchange, has backed the new ‘Tell Sid’-style campaign announced by Chancellor Rachel Reeves this year in a bid to get Brits investing. Hoggett told [...]
Tube strikes: RMT given 24 hours to avoid travel carnage September 5, 2025 Transport for London has warned the RMT union that it has just 24 hours to stop a major tube strike next week, which is set to shut down every Underground line and the DLR. The union has rejected a pay deal and made a series of demands around working hours and perks, making a settlement [...]
London City Lionesses spend world record £1.4m on Grace Geyoro September 5, 2025 London City Lionesses have made a huge statement of intent on the eve of their Women’s Super League debut by signing France star Grace Geyoro for a new world record fee of £1.43m. The Bromley-based club, who are bankrolled by billionaire women’s football investor Michele Kang, have overhauled their squad with 17 new signings since [...]
Uber’s UK arm warns on profit amid rising costs September 5, 2025 Uber has warned it may not remain profitable in the UK because of rising costs despite its revenue surging by more than £1bn during its latest financial year. The US giant has said it will need to generate and sustain increased revenue levels while lowering proportionate expenses in the coming years “to achieve profitability in [...]
Young men more likely to use AI to guide investment decisions September 4, 2025 Young men are more likely to use AI to guide their financial decisions compared to older generations and women. Men aged 18-34 are also increasingly likely to turn to AI for financial advice, than older generations, according to wealth management company Handelsbanken. Around a quarter of respondents who used AI admitted it was an alternative [...]
Government launches consultation to ‘strengthen’ £100bn design sector September 4, 2025 The UK government has launched its most extensive review of design protection in decades, aiming to modernise the system, tackle abuse, and support the nation’s £100bn design economy. The consultation was launched by the Intellectual Property Office (IPO) as a result of problems facing the sector, including its reputation as ‘David vs Goliath’ for smaller [...]
British billionaire trader offers interns £26k a month September 4, 2025 A billionaire trader has said interns at his trading empire would be paid $35,000 (£26,000) as firms fight to snap up the best tech talent. Alex Gerko, boss of XTX Markets, is offering postgraduates a 12 to 14-week research internship where they could pocket between $105,000 and $122,500. The position, a role commanding four days [...]
Squash riding Olympic wave as stars return to London for Classic September 4, 2025 The world’s best players are at Alexandra Palace this week as it stages the annual London Squash Classic. A packed house at the historic venue has been watching the sport’s leading names battle it out as squash is enjoying unprecedented momentum ahead of a long-awaited Olympic debut at the LA 2028 Games. London’s Georgina Kennedy, [...]
Cryptoasset regulation is a make or break moment for the City of London September 4, 2025 The UK must rapidly adjust to new digital assets technologies like crypto or risk losing our place as a global financial hub.