UK dismisses Chinese concerns on trade May 14, 2025 The UK government has rejected Chinese criticism of its newly-inked US trade deal, in an effort to allay worries that ties between the world’s second largest economy and Britain would deteriorate. Labour have said that China’s economy was not being intentionally “undermined” in the deal, which saw tariffs on steel fall to zero per cent [...]
Direct Line suffers shareholder revolt over CEO’s huge pay day May 14, 2025 The group behind Direct Line has suffered a huge revolt by its shareholders over its chief executive being handed a huge pay day ahead of its planned £3.7bn takeover by Aviva. In March, City AM reported that Adam Winslow took home a pay packet of more than £7.8m for the insurance giant’s latest financial year. [...]
London Craft Week 2025 China Pavilion: Tiangong Kaiwu Unveiled May 14, 2025 The 2025 London Craft Week China Pavilion Tiangong Kaiwu opened its doors in London on May 12th. At the entrance of the exhibition, a demonstration of Dulong weaving shows the beautiful work of Dulong people, China’s least populous ethnic minority, who primarily reside in Nujiang Lisu Autonomous Prefecture of southwest China’s Yunnan Province. Walking through [...]
Genting in the red after closing Britain’s oldest casino May 14, 2025 The UK arm of Genting fell into the red in the year after closing Britain’s oldest casino, it has been revealed. The Birmingham-headquartered division made a pre-tax loss of £6.2m for 2024, having previously posted a profit of £8m in 2023. New accounts filed with Companies House also show its revenue rose over the same [...]
Exclusive: JP Morgan’s City of London office vandalised May 14, 2025 JP Morgan’s London office was left in ruin on Wednesday morning after a brutal act of vandalism. Victoria Enbankment staff were met with smashed windows and an assault of red paint across building walls upon reaching their office. Security had cordoned off all entrances to the bank, with staff exiting through guarded side doors. JP [...]
Landmark Canary Wharf building given the green light May 14, 2025 Plans to construct a new landmark building in London’s Canary Wharf have been given the green light. Canary Wharf Group (CWG) has secured planning permission to build a 46-story student accommodation building in the Wood Wharf neighbourhood. The development at 7 Brannan Street will contain 912 bedrooms, increasing Canary Wharf’s current population of 3,500 students [...]
Labour’s regional growth plan sees 12,000 civil servants moved outside London May 14, 2025 The government is on a mission to relocate 12,000 civil servant jobs across the UK to save taxpayers money — to the tune of £94m a year by 2032. Cabinet Office minister Pat McFadden told the BBC this morning he hopes relocating civil servants “will make this government one that better reflects the country it [...]
Eurostar routes could see double-decker trains May 14, 2025 Double-decker trains could be running through the Channel Tunnel in the coming years as part of proposals from the French rolling stock giant Alstom alongside Eurostar. Chief executive Henri Poupart-Lafarge told the Financial Times the trains would increase traffic on routes between London and Europe, which are traditionally operated by Eurostar. “The double-decker train has [...]
How Steven Bartlett’s first Dragons’ Den investment collapsed May 14, 2025 The full story of how the first company that Steven Bartlett invested in when he joined hit BBC One show Dragons’ Den collapsed and was rescued has been revealed for the first time. City AM reported in March that artisan cheese retailer Cheesegeek had been acquired by Scotland-based Albex Group for what was then described [...]
Tui shares slump as losses widen after quitting London May 14, 2025 Shares in Tui have slumped as losses widened despite a bumper performance from its cruise segment. Underlying operating losses increased by €18m to €207m (£174.3m) even as second quarter revenue rose from nigh-on breakeven to €3.7bn. Shares were trading down around the 11 per cent mark in early deals on Wednesday. The travel operator did [...]