Mark Kleinman: FCA chief Rathi not at the exit door after all March 13, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. Today, he looks at the FCA chief, big Boots to fill and a high street icon FCA chief Rathi not at the exit door after all Embattled, besieged, under-fire: a few short weeks ago, there seemed no [...]
What can small businesses expect from Reeves this spring? March 12, 2025 Small businesses (SMEs) are preparing for slumped growth ahead of this year’s Spring Statement, with increasing concerns over upcoming National Insurance (NI) hikes and business rate relief cuts due to come in in April. Business leaders remain wary of tax increases and spending cuts that could further squeeze SME margins, despite a lower interest rate [...]
Government urged to ditch ‘shares tax’ for retail investors March 12, 2025 The government must use its Spring Statement to cut the stamp duty on shares paid by retail investors to help foster a British investment culture and boost financial inclusion, Hargreaves Lansdown has said. In an impassioned plea, the investment platform argued cutting the tax, which is applied on the purchase of all UK shares, would [...]
Starmer needs to “smash the gangs” behind shoplifting and phone theft March 12, 2025 The clip shared on social media yesterday by the BBC’s Nicky Campbell was unremarkable only because variations of it can be seen every day. Two men frantically empty shop shelves of cosmetics, pouring them into large bags while onlookers film the outrageous scene. They make no effort to hide their faces and when their bags are [...]
MIPIM: Sadiq Khan hails ‘perfect time’ to invest in London March 11, 2025 Sadiq Khan has said London’s “weather has changed” as he flew the flag for the capital at a major property conference in France. The mayor of London attended Europe’s biggest real estate trade show – Le Marché international des professionnels de l’immobilier, or MIPIM – in Cannes for the first time, just two weeks after [...]
Number of AIM-listed firms sinks to lowest level since 2001 March 11, 2025 The number of companies on the Alternative Investment Market (AIM) has sunk to its lowest level since 2001 after a blitz exodus in the last 12 months. 71 companies departed London’s junior stock exchange since February 2024, according to data from UHY Hacker Young. The number of IPOs also fell to their lowest levels since [...]
Boohoo rebrands as Debenhams in shift to a marketplace model March 11, 2025 Boohoo will rebrand to Debenhams as it shifts to a marketplace model to house its brands in the first phase of its turnaround plan. Shares in the company dropped just over three per cent on the news. The Manchester-based company has been struggling with low sales for its youth brands—Boohoo, PLT, and MAN—posting a pre-tax [...]
High street firms facing extra £1bn tax bill next month as relief slashed March 10, 2025 Shops, restaurants and pubs across England are facing an extra £1bn in taxes when a discount is cut next month, adding to a “tsunami” of rising costs hurtling toward the sector, according to new analysis. Businesses in London will be hit hardest by changes, tax and software firm Ryan found. Firms in the retail, leisure [...]
Boots to be taken over by US private equity firm in $10bn deal March 7, 2025 Walgreens Boots Alliance (WBA), the owner of Boots, has agreed to a $10bn (£7.8bn) takeover by a US private equity firm. Sycamore Partners is expected to complete the takeover by the end of the year. The US-listed WBA said of the deal: “[Sycamore’s] experience in retail and consumer services would ensure WBA was better positioned [...]
Week in Business: Who will Rachel Reeves blame for higher taxes in Spring Statement? March 6, 2025 City AM Editor Christian May looks at the biggest business stories in his weekly video, today focusing on the UK economy and upcoming Spring Statement.