Commonwealth Games King’s Baton Relay hits the City streets May 27, 2026 Paternoster Square basked in the May sunshine on Tuesday for the arrival of the King’s Baton Relay. The event marks a key ceremonial moment ahead of this summer’s Commonwealth Games in Glasgow. Each of the participating nations have received a personalised relay baton, with Team England launching their relay in the City of London. The [...]
Small cap tech firm quits LSE to cut costs in latest market blow May 27, 2026 Small-cap semiconductor firm Nanoco Group is quitting the London Stock Exchange in a bid to save £700,000 a year, in the latest setback for Britain’s struggling public markets. The Manchester-based tech business said the annual costs of maintaining its listing had become too burdensome for a company of its size, as it blamed weak liquidity [...]
Moneybox profit slides as wealth manager bets on ‘high levels of automation’ May 27, 2026 Moneybox saw its profit slide by nearly a quarter in the last year as the wealth manager invested “heavily” in new technology and bet on “high levels of automation”. The London-based fintech notched its third consecutive year of profitability but faced a 23 per cent drop in its pre-tax takings at £14.9m by the end [...]
Anglo Asian to keep Aim listing ‘under review’ in push to treble copper output May 27, 2026 An Azerbaijani miner has said it was keeping its listing on Aim under regular review as it seeks to evolve into a mid-market commodities group that is on course to more than treble its copper output over the coming year. Anglo Asian vice president Stephen Westhead told City AM that while the company was “currently [...]
Royal London Asset Management Expands Relationship with SS&C to Service New Australian Funds May 26, 2026 SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Royal London Asset Management, a leading U.K. fund management company, has extended its relationship with SS&C. SS&C Global Investor & Distribution Solutions will provide fund administration and unit registry services for its new range of Australian active funds, including: Royal London Global Equity Diversified Fund Royal [...]
Gen Z craze toy maker Jellycat launches legal action against Next and Hamleys May 26, 2026 Jellycat, the British soft toy company that took Gen-Z by storm, has filed several legal actions in the London High Court over trademark allegations. Lawyers at Stephenson Harwood filed three separate lawsuits last week against retail giants over passing off and trademark allegations, as seen by City AM. The firm, founded by Thomas Gatacre in [...]
BP chair ousted over ‘volcanic’ behaviour after less than a year May 26, 2026 The chair of BP has been fired after less than a year, after “serious concerns” about his conduct were lodged with the energy major’s board. Albert Manifold was stripped of his roles as chair and director of the London-listed petrochemicals giant having only taken the reins last July, with director Amanda Blanc saying the board [...]
‘Delighted to be wrong’ – Sam Altman changes tune on AI job apocalypse fears May 26, 2026 OpenAI boss Sam Altman has softened his warnings over AI wiping out white-collar work, saying the feared “jobs apocalypse” has so far failed to materialise despite the tech rapidly reshaping business decisions and operations. Speaking on Tuesday, Altman admitted he had expected AI to eliminate far more entry-level office jobs by now following the launch [...]
London makes up more than a third of UK corporation tax receipts May 26, 2026 London accounts for more than a third of total corporation tax receipts across the UK, new data analysed by City AM has shown. Data shared by the Office for National Statistics (ONS) has shown that London makes up around 36 per cent of total corporation tax income generated each year, highlighting the capital city’s dominance [...]
IHS Towers Publishes 2025 Sustainability Report May 26, 2026 IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has today published its 2025 Sustainability Report. The report covers sustainability activities from January 1, 2025 to December 31, 2025 and demonstrates IHS Towers’ continued commitment to its [...]