JCB heir: Inheritance tax raid could force us out of Britain April 13, 2026 The heir to the billion-pound JCB fortune has warned that the government’s inheritance tax crackdown on family firms could force his father’s sprawling business empire overseas. Jo Bamford, whose billionaire father Anthony owns the digging equipment maker, said he could be forced to move abroad in order to safeguard the number of jobs at the [...]
Thousands of taxpayers to miss out on rebate as HMRC still sending cheques April 13, 2026 Thousands of Brits are missing out on collecting their tax rebates after failing to cash in cheques sent to them by HMRC. According to an FOI from the i paper, the department issued 1,746,720 cheques last year, but 178,180 were never cashed. The cheques had a combined value of £144m, meaning taxpayers who failed to [...]
Rachel Reeves’ wealth fund pumps £600m into Rolls-Royce SMR April 13, 2026 Rachel Reeves’ flagship wealth fund has announced a fresh heap of financing for Rolls-Royce SMR following its tie-up with Ed Miliband’s state-owned energy company. The National Wealth Fund has revealed a £599m financing package for Rolls-Royce Small Modular Reactors (SMR) in a bid to kick start delivery on its project with Great British Energy. The [...]
UK fintech Wise to downgrade London listing this quarter April 13, 2026 Money transfer firm Wise has confirmed the timeline for switching its primary listing to the US with the move expected to take place this quarter. The UK fintech said during a fourth-quarter update that its results for the latest financial year will published in the US dollar, which it said was “reflecting the expected completion” [...]
FTSE 100 Live: Stocks tumble amid Trump’s Strait of Hormuz blockade April 13, 2026 Good morning and welcome back to the City AM liveblog. Markets are returning from the weekend to a major blow in hopes of a ceasefire in the Middle East. After Donald Trump revealed his two-week reprieve on strikes whilst negotiations begin, those very talks now look to be hanging by a thread. Vice President JD [...]
Meta trial lawyer to advise UK as scrutiny of social media design grow April 12, 2026 A US trial lawyer who led a landmark case against Meta is set to advise the UK government, as ministers consider tougher action on the impact of social media platforms. Matthew Bergman, who represented a young claimant in a high-profile Los Angeles lawsuit, is expected to be consulted as part of ongoing discussions around online [...]
Ovo sues Talktalk over failed broadband customer deal April 12, 2026 Ovo Energy has launched legal action against Talktalk over a dispute stemming from a failed broadband customer transfer, adding pressure on both companies as they battle financial challenges. The claim centres on a 2022 deal in which Ovo sold a telecoms business, originally acquired through its takeover of SSE Energy Services , to Talktalk, transferring [...]
Annabel’s owner sells Mayfair empire in £1.4bn Abu Dhabi deal April 12, 2026 Richard Caring has sold a majority stake in the business behind Annabel’s, the Ivy and a string of London’s most exclusive restaurants to an Abu Dhabi-backed investor in a deal valuing the group at around £1.4bn. The buyer, Diafa, is a luxury hospitality platform linked to International Holding Company (IHC), chaired by Sheikh Tahnoon bin [...]
Fury: The real fight is not in the ring or ad spend, but brand alignment April 11, 2026 Tonight, when Tyson Fury steps back into the ring, the spectacle will be available live on Netflix to 300m customers worldwide. It is a knockout for audiences. And it will be a showcase event for brand partners too. However, in high-profile environments like this where brands want to make an impression, it is not just [...]
Crispin Odey drops £79m libel case against Financial Times April 10, 2026 Former hedge fund tycoon Crispin Odey dropped his libel claim against the Financial Times, ending a high-stakes legal battle over the publication’s reporting of sexual misconduct allegations. The Financial Times published several articles about the City financier in 2023 regarding allegations over his sexual conduct, following allegations from 20 women spanning five decades. Odey has [...]