Don’t abolish the Mayor, just get rid of Sadiq Khan April 24, 2025 The problem facing London is not the institution of the Mayor or the London Assembly that scrutinises him – it’s the incumbent, Sadiq Khan, says Neil Garratt Tony Lodge’s recent article in City AM questioning the value of London’s Mayoralty after 25 years provokes an important debate, but reaches the wrong conclusion. The problem facing [...]
Mark Kleinman: Fintech Growth Fund’s journey ends in Octopus’s tentacles April 24, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Fintech Growth Fund’s journey ends in Octopus’s tentacles It could scarcely have augured more favourably. An investment fund whose creation was recommended by the City grandee Sir Ron Kalifa in his 2021 review of the UK [...]
Ex-City minister calls for ‘urgent No10 summit’ with bosses and watchdogs April 23, 2025 A former City minister has called on the Prime Minister to convene an “urgent No10 summit” with the City of London and financial watchdogs in a bid to boost capital markets. During Prime Ministers’ Questions (PMQs), the Conservative MP John Glen asked Sir Keir Starmer to take the step to “steward our pension assets”. Glen, [...]
London juice bar chain Crussh enters liquidation April 23, 2025 One of London’s best-known juice bar chains has entered liquidation, City AM can reveal, after the healthy drinks business faltered under squeezed consumer spending and a surge in costs and tax hikes. Wimbledon-based Crussh, which operated stores in Kensington, Soho and the Square Mile, has this week appointed Mayfair-based business recovery firm Voscap to act [...]
Schroders and Aberdeen: RBC downgrades price targets April 23, 2025 RBC Capital Markets has downgraded the stock price targets of Schroders and Aberdeen ahead of the publication of quarterly results from the wealth managers. Schroders was downgraded from 475p to 390p by the investment bank, compared to a current stock price of 322p, as RBC cut forecasts for operating profit by eight per cent over [...]
Eastern City Community Fund 2025: Supporting Local Change April 23, 2025 The Eastern City Community Fund, in partnership with ActionFunder, is proud to announce the latest round of funding awarded to nine outstanding community projects across East London. Now in its third round, the fund continues to back grassroots initiatives that bring people together, support those in need, and help build a fairer, more inclusive society. [...]
Paypal to open major office in London landmark April 23, 2025 Electronic payments giant Paypal has signed up to become the first occupier of a redeveloped office building on London’s Southbank. Paypal has agreed a lease for 40,000 sqft on the top floor of the building, a newly revamped Grade II-listed structure next to the National Theatre. Overall, the building will provide another 300,000 sqft of [...]
Puresport: Finn Russell, Ben Earl and Castore backer in £3.6m fund raise April 23, 2025 Rugby stars Finn Russell and Ben Earl have doubled down on their investment to help London-based sports nutrition brand Puresport raise £3.6m in fresh funding. Redrice Ventures, an early backer of British sportswear brand Castore, and serial high growth investor Five Seasons Ventures also took part in the latest funding round. Puresport was founded by [...]
Argentex considers sale to IFX Payments after tariffs trigger cash squeeze April 23, 2025 Currency management company Argentex is in “advanced discussions” over an acquisition by IFX Payments after the firm faced a critical cash crunch amid President Donald Trump’s erratic tariff agenda. In a statement on Wednesday, Argentex said whilst discussions had progressed with IFX, no certainty had been reached. But, its board had “unequivocally rejected” an offer [...]
Charles Tyrwhitt: Office return helps sales to new record April 23, 2025 Sales at Charles Tyrwhitt have surged to more than £300m for the first time as the trend of returning to the office has boosted the workwear retailer. The London-headquartered business, which was founded by Nick Wheeler in 1986, has posted a turnover of £305.7m for the 12 months to 3 August, 2024. The total comes after [...]