Khan urges Reeves to bring back tax-free shopping January 15, 2026 Mayor Sadiq Khan has called on Chancellor Rachel Reeves to bring back tax-free shopping for tourists to drive public revenue gains. Khan has lobbied the Treasury to re-introduce VAT-free shopping for visitors more than four years after the previous Conservative government scrapped the perk. Conservative City Hall member Thomas Turrell raised the issue of tourism [...]
Labour policy is making it harder to sell a flat in London January 15, 2026 Lowering the threshold for Stamp Duty and locking out first-time buyers at the same time as introducing legislation that makes it economically nonviable to be a landlord has led to a glut of London flats on the market, says Simon Gerrard Londoners were the most likely to have lost money when selling their property in [...]
Fortnum & Mason: Profit surges at King’s grocer January 13, 2026 Profit at Fortnum & Mason surged by more than 60 per cent as its sales also ticked up during its latest financial year, new figures have revealed. The iconic London store has posted a pre-tax profit of £15m for the 12 months to the end of July 2025, a rise from £9.3m. The firm’s turnover [...]
VAT-free shopping debacle has sent tourists packing January 13, 2026 Five years on from the demise of VAT-free shopping, retail and hospitality chiefs say the impact is still causing pain as the industry seeks change, writes Joanna Hodgson Five years ago this month a change came in that might, on the surface , have prompted the average British shopper to get their smallest violins out: [...]
LA is the future of sport and coming for London’s crown as global capital January 11, 2026 LA offers a glimpse into the future for the sports industry as the city prepares for a starring role at the 2026 Fifa World Cup and 2028 Olympics, finds Frank Dalleres. Arriving at the Intuit Dome by driverless taxi and then using facial recognition technology to enter the home of the NBA’s LA Clippers (mobile [...]
FTSE 100 Live: Sainsbury’s and Unite dish shareholders cash; Mining merger talks January 9, 2026 Good morning and welcome back to the City AM liveblog. It was Britain’s retail sector taking centre stage yesterday amid a fresh influx of corporate updates that gave a snapshot of the industry’s December performance. Tesco came out swinging, revealing its market share had climbed to the highest in 10 years after a Christmas sales [...]
FTSE 100 Live: Supermarket shares fall in trolley wars; M&S rises amid cyber recovery January 8, 2026 Good morning and welcome back to the City AM liveblog. The FTSE 100’s rally came crashing down yesterday as steep losses across commodities dragged the index into the red. Whilst one shouldn’t fret too much with the index still holding firm above its latest milestone, Wednesday’s 0.7 per cent drop still wiped over 70 points [...]
Star stockpicker Nick Train buys more shares in his Finsbury Growth trust January 8, 2026 Star fund manager Nick Train has ploughed over £200,000 into his struggling Finsbury Growth and Income Trust, in a further show of support for the 100-year-old trust’s investment strategy just weeks before a crunch continuation vote to mark its centenary. Train, who has managed the £1.3bn trust’s portfolio since 2000, bought 25,000 shares in the [...]
Zilch to Acquire Fjord Bank to Kickstart European Expansion January 8, 2026 Acquisition will provide Zilch, the UK and EMEA’s fastest-growing fintech unicorn, with a European banking licence as it eyes international rollout
Waterstones books Rothschild as IPO plans ramp up January 7, 2026 The owner of Waterstones is preparing to appoint Rothschild to advise its multibillion-pound flotation later this year, offering the clearest sign yet that London could turn the page on a dire run of form if it edges out New York for the listing. Elliott Management, which owns Waterstones and its US sister Barnes & Noble, [...]