Manchester billionaire tables £583m offer for property developer Harworth August 6, 2026 Billionaire-owned Peel Group has tabled a £583m offer for Harworth as the property developer is poised to become the latest firm to exit the London Stock Exchange. The offer of 172.5p per share represents a premium of 20.1 per cent compared to Harworth’s closing share price yesterday and a 36.9 per cent premium above the [...]
WPP slashes jobs as revenue continues to fall August 6, 2026 Embattled advertiser WPP slashed jobs in the first half of the year as its revenue continued to fall. The London-listed media group cut another 1,267 employees in the first half, around 1.3 per cent of its total staffing. Across the 12 months to June, WPP has now slashed its total workforce by 6.4 per cent [...]
As it happened: Stocks fall into red as oil fluctuates over Middle East developments August 6, 2026 Welcome back to the City AM liveblog. Oil prices have fluctuated around the $80 mark over the last 24 hours following mixed developments coming out of the Middle East. Brent crude – the international benchmark for oil prices – was heading towards $79 per barrel on Thursday morning, holding up a near 10 per cent [...]
Is it ever ok to wear shorts to the office? August 6, 2026 During a long, hot summer in the capital, an age- old debate has reared its head: should men ever wear shorts to the office? James Ford explains why it is never, ever ok. No. It isn’t. Not even in a heatwave. End of. Full stop. At the risk of incurring my editor’s ire, I’m tempted [...]
Give London power to level up the rest of the country August 6, 2026 If Andy Burnham is to make a success of his devolution agenda he must give London more powers and money to invest in the main drivers of the whole country’s international competitiveness, says Patrick Diamond The new prime minister, Andy Burnham, has put devolution and economic growth at the heart of his government’s narrative. London [...]
Russian propaganda website hit with record ‘pink slime’ payout at High Court August 6, 2026 An Uzbek businessman has been awarded £105,000 in damages and £117,663.38 in legal costs after winning a defamation suit against a UK publishing network – the largest publicly reported payout in a so-called ‘pink slime’ case. A City AM investigation into British publisher 2Trom was presented as evidence in the High Court case after we [...]
Mark Kleinman: English football’s New Deal heads into injury time August 6, 2026 Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column New season, new deal? As England football supporters dust themselves down from the disappointment of yet another latter stages defeat on the international stage, their attention switches back to the domestic game. The most important early season [...]
‘Vibrant colours and sexy scents’: Steph McGovern-owned Gootopia back in profit August 6, 2026 A slime business owned by broadcaster Steph McGovern has turned back to profitability after a period of rapid expansion. London-based Gootopia, which hosts parties for children in which they play with multi-coloured slime, was founded in 2018 and has since grown from a single site to a dozen locations across the UK, including in Brixton, [...]
Tritax Big Box taps investors for £350m London data centre splurge August 5, 2026 Listed real estate investor Tritax Big Box has revealed plans to raise £350m through a new share issue to pump into the construction of London data centres. The FTSE 100 company told investors it had nearly doubled its pipeline of grid connection agreements to 507 megawatts and would use the fresh funding to “unlock the [...]
TA Portfolio Company Gong cha to Be Acquired by Bain Capital August 5, 2026 TA Associates (“TA”), a leading global private equity firm, today announced that Bain Capital Private Equity, LP. (“Bain Capital”) has entered into an agreement to acquire Gong cha, one of the world’s fastest-growing global tea brands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260805769603/en/ Since TA’s investment in 2019, Gong cha has [...]