Higher interest rates boost Lloyd’s of London September 4, 2025 Lloyd’s of London, the world’s leading insurance and reinsurance market, has reported a profit before tax of £4.2bn for the first half of 2025. Gross written premiums climbed to £32.5bn, up from £30.6bn reported for the same period last year. Its underwriting result fell to £1.5bn, down from £3.1bn the previous year, as the market’s [...]
Has the legal market pulled the brakes on the NQ pay war? September 4, 2025 ‘City lawyers are the new bankers‘. This became a common refrain in the legal market as pay wars ramped up. However, the sentiment within the market suggests that the tide may be changing. Over the past several years, the pay war over newly qualified (NQ) lawyers has been a major talking point in the market, [...]
On this day: The worst blazes of the Great Fire of London September 4, 2025 On this day in 1666, the worst blazes of the Great Fire of London engulfed the City. Eliot Wilson tells us more.
‘I’ve had too many lunches to remember the best’: City AM co-founder Lawson Muncaster on 20 years in the Square Mile September 4, 2025 To mark 20 years of City AM, we spoke to the man who’s been there from the start, our managing director and co-founder Lawson Muncaster.
Raising Cane’s: Billionaire’s KFC rival and TikTok sensation to open in the UK September 4, 2025 Raising Cane’s, the US fast food giant which has become a sensation on TikTok, has confirmed plans to open its first UK location next year. The business is to launch its flagship site at 21-22 Coventry St in London’s West End towards the end of 2026. An exact opening date has yet to be announced. [...]
Peter Kyle sets out tech growth plan as UK AI sector hits £2.9bn September 3, 2025 Technology secretary Peter Kyle has pitched the UK as a “global magnet” for innovation in his keynote speech at Mansion House on Wednesday evening. His pledge comes as investment in British AI companies hit record levels last year. Figures released alongside his address confirm that private investment in UK AI firms reached £2.9bn in 2024, [...]
UK startups at risk of scaling overseas, warns Lord Mayor September 3, 2025 The UK is “in danger of becoming an incubator economy – a place where start-ups develop transformative products and services before selling up or moving abroad”, the Lord Mayor of London is set to warn tonight, urging ministers and investors to act before Britain loses the rewards of its own innovation. Speaking at the innovation [...]
Angela Rayner: People in tax-dodge houses shouldn’t throw stones September 3, 2025 Deputy prime minister Angela Rayner will be lucky to survive this latest tax-dodging property scandal, writes James Ford If you are a government minister there are always a number of key warnings that your frontbench career is on the brink. The first stage of your fall from grace is when your fellow ministers end up [...]
A 0.5 per cent pension shift could secure Britain’s tech supremacy September 3, 2025 To solve the UK’s struggle to scale its world-class startups, we must unlock the nation’s vast pension funds for venture capital investment to fuel domestic growth and ensure technological sovereignty, says Dame Anne Glover This week, as leaders gather at Mansion House to celebrate British innovation, we must confront a hard truth: the UK is [...]
How likely are property tax reforms in the Autumn budget? September 3, 2025 Rumours have been swirling in Westminster about a variety of property tax changes Rachel Reeves might introduce in this Autumn’s budget – or further down the line – in an attempt to plug a £40bn gap in the nation’s finances while overhauling a complex system of levies and charges. The Treasury is reportedly looking into [...]