Government plots university spinout crackdown September 16, 2026 The government is plotting to clamp down on the number university spinouts that shift their operations abroad or float overseas, the boss of the body responsible for research investment has said, in a move likely to spark unrest among founders and the venture capital industry. Sir Ian Chapman, the chief executive of UK Research and [...]
European financial centres lose global standing amid ‘relentless pivot to Asia’ September 16, 2026 European financial centres suffered a decline in global rankings as the continent continued to lose ground to fast-growing Asian cities. Centres across Europe saw their prominence erode, with several key cities tumbling in the latest rankings from Z/Yen’s 40th Global Financial Centres Index (GFCI 40). European cities fell out of top 20, after only four [...]
AI firms double London office space as tech boom fuels property demand September 16, 2026 AI firms snapped up more than 700,000 sq ft of London office space in the first half of 2026, more than double the amount taken across the whole of last year as fast-growing tech companies expand their footprint in the capital. AI businesses accounted for as much as a third of central London office take-up [...]
Sullivan & Cromwell joins the stampede to Abu Dhabi September 15, 2026 US law firm Sullivan & Cromwell is set to expand its global footprint into the Middle East by opening an office in Abu Dhabi after several other law firms boosted their presence in the region over the last year. The Wall Street titan plans to advise clients across the United Arab Emirates (UAE), Saudi Arabia, [...]
Dazn getting ‘IPO ready’, says CEO Segev, after swing into black and key hires September 15, 2026 Dazn chief executive Shay Segev has confirmed the global sports streaming platform is preparing for an IPO after achieving EBITDA profitability in 2025. Segev said the company had not decided on a timeframe for a float, nor whether the London-headquartered company would be listed on the FTSE or overseas. But he confirmed that the advent [...]
FCA bans former law firm owner for misusing £28m of client money September 15, 2026 The financial watchdog has banned the former owner of London-based law firm Kingly Solicitors from working in financial services after finding he allowed £28m of client money to be misused. The Financial Conduct Authority (FCA) said on Tuesday it has barred Nurul Miah, also known as Neil Mia and Neil Miah, the former owner of [...]
Luxury gym chain Third Space muscles up with record revenue ahead of potential sale September 15, 2026 Luxury gym operator Third Space has grown its turnover by more than a third, topping £100m for the first time, as City workers flock to the upmarket health club. The gym provider notched a 36 per cent bounce in revenue to £135m in the year to December 2025, while its pre-tax profit rose by more [...]
Andrew Bailey: Latest AI advances are an ‘OMG moment’ for cyber crime September 15, 2026 The latest advances in frontier AI are an “OMG moment” and countries need to “arm themselves”, Andrew Bailey has said, as he highlighted the new threat of financial crime posed by the technology. Speaking at the annual City of London Police Authority Board dinner at the Merchant Taylor’s Hall on Monday, the Bank of England [...]
London snubbed as 2029 World Athletics Championships host September 15, 2026 London has been snubbed as host of the World Athletics Championships with the track and field governing body opting for Nairobi over the capital. The move will come as a major blow to UK Athletics, the Mayor of London’s office and the government, who backed the bid to bring the major meet to these shores [...]
London is expensive enough for tourists September 15, 2026 An overnight levy on top of the removal of VAT-free shopping is making London too expensive for tourists, writes Ros Morgan.