Whitbread to cut nearly 4,000 jobs in £2bn cost saving plan April 30, 2026 Whitbread is to slash nearly 4,000 jobs as part of plans to offload restaurants and sell off the freehold rights to its hotels, in a bid to raise £2bn. Shares in the company slipped on Thursday after it announced the plans to raise £1.5bn by selling off the freehold rights to a raft of its [...]
Bank of England Live: Interest rates held as hawks warn of ‘highly uncertain’ energy prices April 30, 2026 Welcome back to the City AM liveblog. The Bank of England’s Monetary Policy Committee has today decided to hold interest rates at 3.75 per cent in a hawkish display. In last month’s decision, the Bank held rates in a unanimous decision. Afterwards, short-term gilt yields, which reflect government borrowing costs, sharply rose as traders priced [...]
City law firms clamp down on the equity cookie jar April 30, 2026 Law firms are tightening access to equity partnerships to protect profits, increasingly reserving the equity pool for top performers, writes Maria Ward-Brennan. As the Big Four giants dominate the headlines with internal changes, the firms are seeking to regain control of their expanded equity pools amid profitability problems. These giants are looking to mirror what [...]
I’m a Tory – here’s why I’m voting Labour in the local elections April 30, 2026 In a time of messy, multi-party politics, tactical voting is likely to define contests in next week’s local elections. Alys Denby is not prepared to let the Green Party take control of her bin collection I’m about to do something against which all my instincts recoil, something so shameful I hesitate to admit in this [...]
The Capitalist: US tipping and doggy bags infest London restaurants April 30, 2026 The scourge of US tipping culture, a Pitbull lookalike competition and the world's longest tiramisu; catch up on the latest London shenanigans.
The housing sector deserves better than being threatened with rent caps April 30, 2026 The rental sector delivers not only homes but creates jobs and sustains communities. The government should recognise that, revalue the rental sector and stop demonising the very people and institutions building the homes Britain desperately needs, says Brendan Geraghty There are moments in life when you read a headline and feel genuine disbelief, and yesterday [...]
Is this the Green Party’s worst policy yet? April 30, 2026 The Green Party is proposing a 10:1 pay ratio ensuring senior leaders earn no more than 10 times their most junior employees. It’s a policy even China thought was too extreme, says Joanna Marchong British politics has never been more fragmented. The combined Conservative and Labour vote share continues to dip, while the Greens are [...]
Mark Kleinman: Is it lights out for Ovo Energy? April 30, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Is it lights out for Ovo Energy? Farewell then, Ovo Energy? The prospective demise of the challenger brand conceived by Stephen Fitzpatrick – if not the company itself – has been a long time coming. Ever since [...]
Our favourite Square Mile rooftop bars – one for every vibe April 30, 2026 In this series, we round up the best sky-high drinking spots across London. The first of the area focuses on the London rooftop bar options in the Square Mile. Madison, Coq d’Argent and Sushisamba are old favourites, but how do they fare against newer openings like Aviary, Sabine and PocketSquare? And which one should take [...]
Monzo lost one current account switcher for every two gained in 2025 April 30, 2026 UK fintech darling Monzo lost one current account switcher for every two it gained last year. The neobank registered just over 20,000 new switchers in the final quarter, but over half of this was offset by the 11,000 thousand outflows. The picture for the final few months of the year mirrors the picture for the [...]