Goldman Sachs criticises £1.45m paternity payout July 31, 2026 Goldman Sachs has criticised a ruling to hand one of its former senior executives a £1.45m payout over his dismissal while on paternity leave. Jonathan Reeves, who served as the deputy global head of the Wall Street bank’s compliance ‘control room’ in London, was dismissed from his job in 2022 when he was due to [...]
KKR and Mirastar Complete Acquisition of Portfolio of Four Prime UK Logistics Assets from PLP July 31, 2026 KKR and Mirastar, KKR Real Estate’s industrial and logistics platform in Europe, have announced the acquisition of a portfolio of four prime UK logistics assets from PLP for approximately £170 million, totalling 1.25 million square feet. The portfolio comprises assets in Stafford, Crewe, Ellesmere Port and Wakefield, all located within established logistics markets across the [...]
BP quits North Sea after tax grab July 31, 2026 BP will sell its North Sea oil division after the government’s tax raid on domestic oil, in a move that will leave the British energy giant without any petrochemicals production in its home market for the first time in decades. The London-listed oil giant told investors it planned to market its assets in the region [...]
CoStar Data Shows London Dominates UK Office Development as Regional Pipeline Hits 20-Year Low July 31, 2026 Office construction in UK regions has fallen to its lowest level in at least 20 years, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260731928780/en/ Preliminary data for Q2 2026 shows annual [...]
As it happened: Stocks reach new record as investors shrug off Iran war fears July 31, 2026 Welcome back to the City AM liveblog. It’s Friday morning and the FTSE 100 has opened into the green, following two consecutive days of record gains for the blue-chip index. London’s blue-chip index was up as high as 0.7 per cent in early trading to 10,971.88p, “The FTSE 100 tested new record highs on Friday morning as [...]
Dream Accelerates Growth of Asset Management Platform With Acquisition of Chancerygate, a Leading U.K.-Based Industrial Asset Manager and Developer July 30, 2026 Combined platform is one of Europe’s leaders in urban industrial with over 80 professionals and 27 million square feet of GLA managed or under development across nine countries.
Burnham accused of imposing ‘top–down’ devolution July 30, 2026 Andy Burnham’s devolution agenda has been slammed over its “top down” approach after the Prime Minister unveiled new plans to share income tax revenue with local leaders. Burnham, himself a former Manchester mayor, said regional leaders in England will begin receiving a “greater share of locally generated revenues” next spring as part of his push [...]
Gino D’Acampo restaurants face HMRC winding-up order July 30, 2026 The company behind TV chef Gino D’Acampo’s restaurant empire has been hit with a winding-up petition by the UK tax authority. Upmarket Hotels & Leisure, which runs five British restaurants named after the former This Morning star, was served the petition by HMRC after a filing made to the High Court, as seen by City [...]
High interest rates and low confidence put construction firms under pressure, Lords warns July 30, 2026 Construction firms have been hit by a barrage of reduced market confidence, high interest rates and rising national insurance costs, builders’ merchant Lords has warned, after it suffered its biggest-ever single-day stock fall. The London-based firm released a challenging market update on Thursday, which saw its shares plunge 20.61 per cent to an all-time low [...]
AI data centres and defence tech lead investment wave July 30, 2026 Data centres, energy, and military technologies are the main investment channels tech buyers want to pour money into, according to new research. Law firm A&O Shearman’s latest outlook for technology investment said demand was growing for the infrastructure needed to build and run AI, while software companies faced greater scrutiny over whether AI could replace [...]