JP Morgan eyes role on London Stock Exchange’s Pisces market September 7, 2026 JP Morgan is seeking approval to handle deals on the London Stock Exchange’s Pisces market in a sign of growing momentum behind the private bourse. The US bank is looking to join the likes of Bank of America and Rothschild in becoming a so-called registered auction agent, which would allow it to broker deals on [...]
Alcaraz ditches tennis player group demanding prize money hike September 7, 2026 Reigning US Open champion Carlos Alcaraz has withdrawn from a group of top tennis stars demanding a larger proportion of prize money from the four grand slam tournaments. The Spaniard, who will take on US star Ben Shelton in a quarter-final match-up this evening, was initially part of a group which chose to take on [...]
Next dodges ‘hammer blow’ with equal pay court victory September 7, 2026 Retail giant Next has won an equal pay appeal allowing it to pay warehouse workers more than shop-floor staff, warning that its defeat “would have represented a hammer blow to retail employment in the UK”. The FTSE 100 retailer told shareholders on Monday that it was justified in paying its warehouse operatives a higher rate [...]
Five premium electric saloons, judged on more than price September 7, 2026 BMW, Mercedes-Benz, Audi and Porsche all want to sell you a luxury saloon that happens to be electric, but each one goes about it differently. Here’s what actually sets them apart, before we even get to the finance offers. A few years ago, choosing an electric executive car meant accepting you were buying something a [...]
Healey says growth is ‘pathway out of debt’ but bats away tax questions September 7, 2026 Chancellor John Healey said he will “not speculate” on expected tax rises at his maiden Budget next month as he said growth was at the “heart of fiscal challenges” facing the UK. In his first major speech as Chancellor in Coventry, Healey batted away questions about whether businesses and households were set to face another [...]
Jaguar Land Rover confirms plans to cut thousands of jobs September 7, 2026 Jaguar Land Rover has confirmed plans to cut thousands of jobs as it looks to slash around £1.7bn from its cost base over the next two years. The Midlands-based carmaker said it needed to “simplify” its structure as it presses ahead with the next phase of its strategy. The company’s bosses told staff on Monday [...]
‘King of Mayfair’ Richard Caring hits out at ‘lacklustre’ economy September 7, 2026 Richard Caring, dubbed the ‘King of Mayfair’, has blamed the UK’s “lacklustre” economy for falling sales at his luxury restaurant group. The hospitality tycoon’s Caprice Holdings reported a four per cent dip in revenue to £90.5m in the year to January, which it blamed on rising employment costs and US tariffs. Caring’s hospitality group includes [...]
Standard Life takes £473m hit after stock market rally dents hedges September 7, 2026 Standard Life swung to a loss in the first half of the year after the market moved against positions the firm had taken to shield itself against volatility. The FTSE 100 pensions giant posted an overall loss of £179m for the first six months of the year, driven by £473m in paper losses on financial [...]
As it happened: FTSE 100 inche up as oil holds gains; Healey says UK paying ‘Truss penalty’ September 7, 2026 Welcome back to the City AM liveblog. Markets are returning from the weekend to weigh up the latest round of rising tensions in the Middle East after the US and Iran have continued to exchange strikes stoking fears of a hit to global oil supply. Brent crude – the international benchmark for oil prices – [...]
Healey launches £150m northern scale-up fund September 7, 2026 Chancellor John Healey is to pile £150m into start-ups in the North of England as part of the government’s bid to use devolution to drive economic growth. Healey will announce a new fund designed to back university spin outs and other start-ups in Liverpool, Manchester, Leeds, Sheffield and Newcastle. The Chancellor will announce the fund, [...]