Seraphine: Princess of Wales’ favourite owed a king’s ransom August 15, 2025 Seraphine, the maternity fashion retailer whose clothes were worn by the Princess of Wales, owed over £33m as it collapsed into administration before being rescued. The business ceased trading and entered administration in July with consultancy firm Interpath appointed to oversee the process. The move led to the majority of its 95-strong staff being made [...]
Breadmakers Hovis and Kingsmill merger agreed August 15, 2025 A deal to merge two of Britain’s biggest bread producers – Hovis and Kingsmill – has been agreed after months of talks. Associated British Foods (ABF), the owner of Kingsmill’s parent company Allied Bakeries, has agreed a deal with investment firm Endless, which owns Hovis to acquire the brand. The financial terms of the deal have not yet [...]
Uptick in Canary Wharf office values after years of decline August 15, 2025 After several years of declining property valuations in Canary Wharf, the East London area is experiencing a modest recovery as the value of its largest offices rises for the first time in years
Here are five British tech startups to look out for August 14, 2025 A new cohort of Future Fifty tech firms is demonstrating exponential growth and attracting significant investment, reinforcing London’s position as a hub for dynamic scale-ups in this space. These companies are making headlines across diverse sectors, from AI to environmental technology. The talent is emerging from UK universities, but the challenge for these firms is [...]
Inheritance tax crackdown will not spark family farm firesale, study finds August 14, 2025 Most farmers will be able to shoulder the inheritance tax bill foisted on them by the Treasury at last autumn’s Budget without having to sell their family farm, according to a fresh analysis which also proposed new ways the reforms could be “better targeted.” The paper, from independent tax think tank the Centre for the [...]
Luna Omakase: Hidden in Los Mochis is a cosmic sushi counter August 14, 2025 Rooftop restaurant and bar Los Mochis opened its Liverpool Street outpost last year to much fanfare. A bold, buzzing mash-up of Mexican and Japanese cuisine, it’s a maximalist playground for City types, proof that the Square Mile has outgrown its reputation for being stuffy and traditional. Head there on a Thursday evening and you’ll be [...]
City AM’s (slightly unconventional) best summer reads August 14, 2025 From romance to nuclear warfare, City AM's editorial team picks their best books of the summer, for some (unconventional) beach reading.
Harrods stocks padel brand for first time as sport booms August 14, 2025 Harrods has stocked a padel brand for the first time as the racket sport continues to expand across the United Kingdom. Pulco, a UK-based apparel brand, will be stocked in the iconic Knightsbridge department store with the collections designed in the capital. “We are incredibly proud to be the first padel apparel brand at Harrods,” [...]
Centrica: British Gas owner’s shares rise after £1.5bn deal revealed August 14, 2025 Shares in Centrica, the FTSE 100 owner of British Gas, have jumped after it joined forces with Energy Capital Partners (ECP) to snap up Europe’s largest liquefied natural gas (LNG) terminal for £1.5bn In a statement issued to the London Stock Exchange, Centrica hailed its bumper acquisition of the National Grid’s Grain LNG, which stores [...]
‘I was told to hide my age so clients would trust me’: Motorway CFO Liz Kistruck August 14, 2025 We dig into the memory bank of the City's great and good. Today, it's Liz Kistruck, Motorway CFO and former Expedia exec.