Sadiq Khan lobbies Burnham to appoint Miliband as Chancellor July 11, 2026 London mayor Sadiq Khan has weighed into the debate over who should be the next chancellor, lobbying Andy Burnham to select Ed Miliband for the job. In a private discussion with Burnham, Khan argued that Miliband had both the political skills and economic expertise to deliver Burnham’s agenda, including devolving powers to city regions, people [...]
I was on the Goodyear blimp above London – here’s what it was like July 10, 2026 Unless you’ve fully committed to hiding from the heatwave, you’ve probably noticed the return of the iconic Goodyear blimp, which has been cruising above the London skyline for the first time since 2022. With a capacity of just 14, getting a seat beneath its 75 metre balloon has been like finding a golden ticket to [...]
Bolt eyes former Zipcar customers with London car-sharing push July 10, 2026 Bolt is expanding into UK car sharing through a new partnership with Hiyacar, as the ride-hailing giant looks to fill the gap left by Zipcar’s withdrawal from London. From autumn, Londoners will be able to book Hiyacar vehicles directly through the Bolt app without paying a membership fee, marking the first UK launch of Bolt [...]
KBRA Assigns Preliminary Ratings to UK Logistics 2026-3 DAC July 10, 2026 KBRA UK (KBRA) is pleased to announce the assignment of preliminary ratings to five classes of UK Logistics 2026-3 DAC, a CMBS single-borrower transaction. The collateral for the transaction is a £603.0 million participation in a £753.0 million limited recourse, first lien mortgage loan, originated in June 2026 by Deutsche Bank AG, London Branch, Standard [...]
Easyjet proves too tempting a bargain for gatecrasher Apollo July 10, 2026 Apollo has gatecrashed Castelake’s cut-price Easyjet bid – setting up a potential buyout behemoth battle for the skies, writes Ali Lyon, Stelios Haji-Ioannou, the colourful force behind London’s Easyjet, founded his low-cost carrier on a simple philosophy: promise travellers cheaper fares, and open up budget air travel for millions of customers who for decades had [...]
Vodafone shares jump as French telecoms tycoon becomes top shareholder July 10, 2026 Vodafone shares surged almost 11 per cent on Friday after French telecoms billionaire Xavier Niel bought a £4.4bn stake in the FTSE 100 group from UAE-backed e& and became its largest shareholder. The deal will see Niel’s investment vehicle, Vega, acquire e&‘s entire 16.2 per cent stake for 112.5p a share – a 15 per [...]
Battersea Power Station misreporting claims scrutinised by accounting watchdog July 10, 2026 The City’s accounting watchdog is scrutinising claims of financial misreporting at Battersea Power Station after the former chief executive alleged he was dismissed from his role for blowing the whistle on inflated property valuations, City AM understands. The Financial Reporting Council (FRC) is reportedly looking at claims made by the former boss of the iconic [...]
Easyjet agrees to £5.7bn Apollo takeover July 10, 2026 Apollo has agreed to buy budget airline Easyjet for £5.7bn in a shock deal that usurps an earlier bid from alternative asset manager Castlelake. Easyjet said on Friday that it was poised to accept an all-cash offer from the US investment behemoth valuing the airline at 714p a share, trumping the 690p a share bid [...]
Who is scrawling poetry on London streets? And why? July 10, 2026 London’s self-styled street poets are scrawling messages on walls and pavements. Lucy Carter tracked down the creators Walk down any central London street and you’ll spot them: pithy statements scrawled on paving slabs, walls and hoardings. They often take the form of simple white words, signed off with an Instagram handle. These pavement poems are [...]
Rachel Reeves’ legacy of tinkering with the City is not enough, says Mel Stride July 9, 2026 Sir Mel Stride has branded Rachel Reeves’ legacy in government as mere “tinkering” with City reform as the top Tory predicted her successor will create a “hostile” environment for the banking sector. In an interview with City AM, the shadow Chancellor branded Reeves’ two-years in the Treasury as “managerial incrementalism,” adding it was “not enough”. [...]