Currys launches £50m buyback as it shrugs off market slowdown July 2, 2026 Currys said it would launch a £50m share buyback after it posted a jump in profit and shrugged off a wider market slowdown by expanding its offerings and cutting its cost base through redundancies. The tech retailer said its UK and Ireland revenue ticked up three per cent to £5.4bn and “outperformed the market” following [...]
As it happened: Stocks rally after US jobs report; Oil tumbles to pre-Iran war levels July 2, 2026 Welcome back to the City AM liveblog. The peace relief rally across markets ground to a halt yesterday as investors were rocked by new tensions in the Middle East that threatened all-out war re-emerging between the US and Iran. Negotiations were handed a blow as Donald Trump’s envoys Steve Witkoff and Jared Kushner arrived in Qatar [...]
Olympia developer: Britain’s planning system doesn’t reward delivery July 2, 2026 Property hotshot John Hitchcox tells us about his career, from doing up flats in his 20s to leading the £1.3bn regeneration of Olympia London.
Thin end of the wedge? LLPs brace for major tax overhaul July 2, 2026 The maths genius behind trading firm XTX, Alex Gerko, stands high in the rankings of Britain’s top taxpayers, having paid more than £330m to HMRC last year. For good measure, he also handed out more than £150m to charities and good causes in 2025, focusing on education and supporting talented math graduates to pursue PhDs [...]
Inside Arabian Falcons: The Dubai football side managed by Jonjo Shelvey July 2, 2026 Arabian Falcons have just re-signed Jonjo Shelvey as their manager, with the Dubai football team boasting off-pitch figures such as Jason Puncheon. Matt Hardy investigates Hear someone discussing Arabian Falcons and it would be easy to assume they were talking about either the Peregrine or the Saker – two heritage symbols of the Middle East [...]
Pip & Nut boss: My partner took nine months off to look after our baby. I want to normalise it July 2, 2026 When Pip & Nut CEO Pippa Murray had a baby, it was her husband who took nine months off. She says it’s time to rebalance parental leave.
Government intervenes on foreign takeover bids for UK defence firms July 2, 2026 Ministers have intervened in a flurry of foreign takeover attempts on British defence firms in the past year over concerns the bids posed a threat to national security, City AM can reveal. The government unit that scrutinises takeovers “called in” 24 proposed bids from foreign buyers between the first quarter of 2025 and the end [...]
Wayve hands London private market ‘major boost’ with $85m share sale July 1, 2026 Wayve has handed London’s fledgling private markets platform a major boost after unveiling an $85m (£63m) employee share sale. In what has been labelled a “major boost” for the City’s efforts to keep tech firms on home soil, the British autonomous driving unicorn will use the London Stock Exchange’s new Private Intermittent Securities and Capital [...]
Nothing fails to file accounts months after dissolution threat July 1, 2026 Smartphone maker Nothing is still showing overdue accounts months after escaping compulsory dissolution, City AM can reveal, raising questions over the governance of one of Britain’s fastest-growing tech firms. The London-based consumer electronics maker narrowly avoided being struck off the UK company register earlier this year after Companies House launched compulsory strike-off proceedings over missed [...]
NBA Europe bids fall short of $500m mark for some city franchises July 1, 2026 Some of the 12 permanent franchises in the NBA’s planned European basketball league have not yet attracted bids in excess of $500m, the mooted base price for teams. The latest round of bidding from seasoned sport owners, institutional investors and existing football and basketball clubs closed on Monday, with the most sought-after locations – believed [...]