JP Morgan to build Canary Wharf’s tallest tower – if there is a tax incentive April 7, 2026 JP Morgan has been given the green light to build Canary Wharf’s largest tower but questions still remain over controversial tax incentives to lure the Wall Street titan in. The US banking behemoth has been in talks with officials from London City Airport regarding height restrictions for the tower. The bank is understood to have [...]
Virgin Money swallowed up by Nationwide as top boss exits April 7, 2026 The boss of Virgin Money is set to depart the firm later this years as the UK bank fully consolidates into the Nationwide umbrella. Chris Rhodes took the reins at Virgin Money following its acquisition by Nationwide in late 2024. Before this post, Rhodes served as finance boss at the UK’s largest building society for [...]
FTSE 100 Live: Stocks dip ahead of Trump’s Iran deadline April 7, 2026 Good morning and welcome back to the City AM liveblog. The London market is set to return from the bank holiday break with a major hangover. Whilst the City enjoyed an Easter break, volatile trading continued with Brent crude – the international benchmark for oil – hovering around the $110 mark after see-sawing between gains [...]
Woods to McIlroy: How Tiger Slam at Masters reshaped economics of sport April 7, 2026 Ahead of the Masters, Nick Keller marks 25 years since Tiger Woods won the Tiger Slam and sports consumption changed forever. When Tiger Woods completed the ‘Tiger Slam’ in 2001 – holding all four major championships at once – it wasn’t just a sporting achievement. It was a cultural marker for how modern sport would [...]
Bosses warn of family firm firesale as inheritance tax crackdown kicks in April 7, 2026 The government’s contentious inheritance tax crackdown on family firms will lead to the break-up of thousands of beloved British businesses and is already stifling investment, a group of influential bosses have warned. The Treasury’s plans to end a decades-old carve out from death duty for family-run firms came into force on Monday, meaning offspring of [...]
London’s top 2025 listings tumble in blow to IPO revival hopes April 7, 2026 London’s biggest listings in 2025 have all tumbled since the start of the year, dealing a blow to hopes of a revival in the capital’s lacklustre IPO market. The five biggest floats from last year slumped by an average of 26 per cent in the first quarter of 2026, according to a City AM analysis, [...]
Private credit firm exposed after cosmetics retailer plunges into administration April 7, 2026 A private credit firm has been forced to write down the value of one of its portfolio companies after online retailer Give Me Cosmetics was placed into administration. London-based Beechbrook capital, which offers finance to lower mid-market British businesses, had lent around £6.5m to fund the acquisition of Give Me Cosmetics in April 2024, in [...]
14 charts reveal the massive challenges facing UK and NATO defence spending April 7, 2026 Defence spending is casting a shadow over Downing Street. Military officers are in a state of despair. The choices facing Sir Keir Starmer are stark. The political calculus for the Chancellor, Rachel Reeves, has become more complicated than ever as the Iran war puts public finances in danger. Their difficulties go back to February 2025 [...]
Gloucester Rugby asks fans for £300k as it seeks investors at £36.5m valuation April 6, 2026 Fans of Prem Rugby club Gloucester have been asked to find £300,000 to help the team reach its investment goals. The club, eighth in the 10-team English top flight, announced an investment fund raise in October that would embolden fans to generate £500,000 to “protect the future” of the Cherry and Whites. Hosted by investment [...]
The 2026 tax year has started. Here’s what you need to know April 6, 2026 The tax year countdown has officially ended and a new year has begun on 6 April, bringing with it an ISA allowance reset and silent tax hikes. While many investors and savers will be breathing a sigh of relief, thinking they have completed their financial admin for at least a few months, being proactive at [...]