Wetherspoon, Marston’s and Young’s manage to fend off UK pubs crisis – for now May 13, 2025 Some of the UK’s biggest pub chains – JD Wetherspoon, Marston’s and Young’s – have all proved surprisingly resilient in avoiding the hospitality crisis predicted last Autumn. The London-listed companies have all reported better-than-expected trading over the last year, despite very low business and consumer confidence. In an update to markets this morning, Marston’s reported [...]
Treasury meets Monzo and Revolut bosses amid plea for London listings May 13, 2025 The Treasury courted top UK fintech names including Monzo and Revolut on Tuesday in hopes of convincing the country’s most valuable unicorns into listing on the London Stock Exchange. Emma Reynolds, economic secretary to the Treasury, met with bosses from Monzo, Revolut, Clearscore and Oaknorth. Chief executive of the London Stock Exchange Dame Julia Hoggett [...]
Treasury pushes captive insurance decision into late summer May 13, 2025 The Treasury will publish the outcome of the captive insurance consultation later this summer, City AM understands
With AI, ‘everything is under review’ at London-based tech firm IFS May 13, 2025 Enterprise software firm IFS, valued at €15bn (£12.64bn), is doubling down on industrial AI as it pushes toward an ambitious $100bn target by 2029. With a sharp focus on asset-heavy sectors like energy and telecoms, the firm is re-engineering its entire model around automation. At a recent IFS connect UKI event, chief executive Mark Moffat [...]
Bytes Technology warns on increased cyber risk as profit jumps May 13, 2025 Bytes Technology has warned of the increased risk of cyber threats as the Leatherhead-based business reported a jump in profit. The software supplier has upped the risk level of potential cyber threats to “increase” on its list of emerging risks, adding that it made the move “because of evolving and elevated global risk to IT [...]
London Lions CEO Lenz Balan: ‘I’ve made mistakes. I’m doing all I can to give back’ May 13, 2025 It would have been little surprise if last summer proved the last that British basketball heard of Lenz Balan and the London Lions. CEO Balan was a vice-president at former owner 777 Partners, whose now notorious collapse led to the club falling into administration and the league going bust almost a year ago and, for [...]
Employment levels slump as Reeves’ taxes bite May 13, 2025 Employment levels deteriorated in March, official data has suggested, in signs that Chancellor Rachel Reeves’ £20bn tax raid on employers has squeezed firms’ profits. Figures released by the Office for National Statistics (ONS) revealed that the number of payrolled employees fell by 53,000 over the first three months of the year. The early estimate of [...]
Financial Conduct Authority plans to ‘put public back in IPO’ May 13, 2025 After a torrid few years for the London Stock Exchange, the Financial Conduct Authority is opening new avenues to boost initial public offerings (IPOs). The City regulator told industry stakeholders at the London Stock Exchange’s annual IPO Forum last week, it would “put the P back into IPO,” sources attending the event told City AM. [...]
Passing the Public Authorities Bill will hand away Brits’ privacy rights May 13, 2025 The Public Authorities Bill is handing away Brits' privacy rights. Why aren't more of us worried, asks Rebecca Vincent.
Wheat and see: Farmers fear trade deal impact on bioethanol and beef markets May 13, 2025 Ministers and commentators heralded the UK’s trade deal with the United States as a political coup that will save thousands of jobs at British automakers. But changes to beef and bioethanol trade rules have left an already bruised agricultural sector fearing the worst, writes Ali Lyon. When he’s not slavishly editing clips for the hundreds [...]