Rental crisis to worsen in the next decade, says UK’s biggest landlord May 15, 2025 Ongoing supply constraints are set to worsen the UK’s rental crisis in the coming years, according to the country’s biggest landlord. Grainger said it expected rental demand to grow 20 per cent from its 2021 level by 2031, far above growth in housing supply. “The private rental market in the UK faces growing demand [and] [...]
Week in Business: Small glass of champagne for Reeves? May 15, 2025 There was some welcome economic growth in Q1 but it's in the rear view mirror; is there any on the horizon?
Exclusive: Government adds employee tax break to Pisces May 15, 2025 The government has introduced legislation for the new ‘Pisces’ market designed to allow trading for private companies, extending share tax breaks for employees to the platform, City AM can reveal. Pisces—the Private Intermittent Securities and Capital Exchange System—was devised by the previous government as part of an effort to revive UK capital markets. The platform [...]
World Test Championship: Prize money doubled for Lord’s final May 15, 2025 Australia or South Africa stand to win a record £2.7m in next month’s World Test Championship final at Lord’s after the International Cricket Council more than doubled prize money. The runners-up in the one-off match in north London on 11-15 June will bank £1.6m, which is more than the £1.2m the winners of the first [...]
Central London offices ‘top pick’ for UBS real estate analysts May 15, 2025 London office real estate investment trusts (REITs) like British Land are the “top pick” for UBS analysts, as interest in the capital has surged since the start of the year. As property investors seek to move away from the US to avoid the uncertainty created by president Donald Trump, the UK has been one of [...]
Reddit founder Ohanian ‘honoured’ to invest £20m in WSL side Chelsea May 15, 2025 Reddit founder and husband of Sarina Williams Alexis Ohanian says he’s honoured to become an investor in Chelsea Women. The American has invested £20m in the Women’s Super League champions in return for a 10 per cent stake in the London club, valuing them at £200m. Ohanian, estimated to be worth $150m, will be at [...]
Investor visa floated to reverse exodus of millionaires May 15, 2025 Keir Starmer’s government is reportedly looking to introduce a special visa for foreign investors in an attempt to reverse the tide of millionaires leaving the UK. Officials are at the early stages of drawing up a visa which would provide an olive branch to wealthy businessmen keen to fund in areas such as artificial intelligence [...]
Exclusive: First AIM VCT in 18 years launches on London Stock Exchange May 15, 2025 The first AIM-focused venture capital trust (VCT) in 18 years has launched on the London Stock Exchange, City AM can reveal. Puma AIM VCT, run by Puma Investments, has launched on the market and already made its first investment in quantum science company Quantum Base, in one of AIM’s only IPOs of 2025. The authentication [...]
The O2 owner’s touring and festivals arm almost doubles sales May 15, 2025 Sales at the UK touring and festivals arm of the group that owns The O2 in London almost doubled as its profits surged during 2024, it has been revealed. AEG Presents has posted a turnover of £340m for its latest financial year, up from the £178.3m it reported for 2023. New accounts filed with Companies [...]
United Utilities: Profit rises significantly as water bills hiked May 15, 2025 Profit at United Utilities jumped significantly ahead of the FTSE 100 giant hiking water bills for its more than seven million customers, it has been revealed. The Warrington-headquartered firm, which serves customers in the North West of England, has also proposed an increase to its final dividend of 4.2 per cent to 34.6p. The company [...]