Exclusive: Nothing slashes jobs in cost-cutting push July 24, 2026 British smartphone maker Nothing has begun slashing jobs across its global business as it looks to cut costs following a rapid hiring spree, City AM can reveal. The Kings Cross headquartered hardware firm, founded by Carl Pei, who previously set up Chinese smartphone company OnePlus, has begun consultations with staff across regions and has already [...]
HSBC sells Singapore insurance arm to Allianz in £1.6bn deal July 24, 2026 FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]
Aspire’s David Collyer: my curry catastrophe at the Cinnamon Club July 23, 2026 Square Mile and Me: We dig into the memory bank of the City’s great and good. Today, David Collyer, global senior vice president at Aspire, on being a Ferrari fan and a curry catastrophe What was your first job? A paper round – I used to dread Sundays because of the broadsheets but it’s where [...]
The Square Mile art gallery with amazing free exhibitions July 21, 2026 This Square Mile gallery is hosting free exhibitions throughout the summer You might have noticed a group of twenty-something students and creative types gathering in an art gallery at 130 Fenchurch Street recently – if you’ve wondered what’s going on there, the first bit of good news is you’re welcome to join in too. The [...]
London Stock Exchange unveils ‘LSE24’ round-the-clock trading venue July 21, 2026 The London Stock Exchange has unveiled plans to introduce 24-hour trading as it seeks to claw back interest from retail investors lured away by crypto and overseas markets. The stock market’s operator, LSEG, said it will launch the new venue, dubbed LSE24, as soon as next year in order to give “global investors greater flexibility [...]
CapVest Completes Acquisition of TSG July 21, 2026 TSG to accelerate its growth as a leading multi-energy infrastructure services provider across Europe; management and HLD reinvesting alongside CapVest as significant minority shareholders
Rossella: The family business defying the hospitality crisis July 20, 2026 The UK hospitality industry is grappling with an unprecedented crisis. Rising wages, a lack of staff and surging energy bills mean that an estimated 30 per cent of operators are now loss-making, according to UK Hospitality. As restaurants and bars close their doors, it’s estimated that 200 jobs a day are disappearing from the sector. [...]
Iran war woes cause jump in London-listed profit warnings July 20, 2026 The rising energy costs and fragile consumer confidence caused by the Iran war have driven a jump in the number of profit warnings issued by London-listed firms. UK-listed companies issued 59 profit warnings in the first half of this year, up from 55 last year, with more than half of these being blamed on policy [...]
Burberry revival gets a boost from China and US sales July 17, 2026 Burberry has recorded a lift in sales across all its fashion lines for the first time in three years as a resurgence in the US and China helped ease a slowdown in spending brought on by the Iran war. The London-listed fashion label posted a five per cent rise in overall revenue in the three [...]
Toast the City Awards 2026 finalists announced – vote now! July 16, 2026 It’s here: the Toast the City Finalists have been announced, with bars, restaurants, coffee shops, green spaces and more from across the City being celebrated in the Square Mile’s biggest and best awards. Now is your chance to vote for your favourite city spots – just visit our Toast the City website and cast your [...]