US puts UK tech deal on ice after Budget digital tax move December 16, 2025 Washington has paused the flagship US-UK tech pact just weeks after Rachel Reeves doubled down on Britain’s digital services tax in her Autumn Budget, sharpening fears that the levy has become a pressure point in wider trade talks with Trump’s administration. The so-called Tech Prosperity Deal, unveiled during Trump’s state visit back in September and [...]
Monzo snaps up UK mortgage broker in first major acquisition December 16, 2025 UK fintech Monzo has made its first major acquisition with a deal to snap up a digital mortgage broker in a bid bulk up its “all-in-one” superapp. The digital bank announced on Friday it had snapped up Habito, a fintech firm which uses tech to accelerate the home-buying process with free online advice. The deal [...]
Global recruiter SThree hit by ailing UK jobs market December 16, 2025 Global recruiter SThree has felt the pinch of the deteriorating UK jobs market with the region becoming the group’s worst performing large market. The consultancy – which specialises in connecting workers in science, tech engineering and mathematics with companies in need of staff – recorded a 26 per cent slump in fees in the UK [...]
KKR and Premialab Announce A $220m Strategic Investment To Power Next Phase Of Global Growth December 16, 2025 Premialab, a global provider of data, analytics and risk management solutions for quantitative investing, today announces a significant $220m growth investment from funds and accounts managed by KKR, a leading global investment firm. Under the terms of the agreement, KKR will lead a significant growth investment alongside existing investor Balderton. Founded by Adrien Géliot and [...]
Profit triples at Cartier owner as UK sales rise December 16, 2025 Profit has almost tripled at the UK arm of the luxury goods giant behind the likes of Cartier, Net-a-Porter and Montblanc, new results have revealed. Richemont UK has posted a pre-tax profit of £30m for the 12 months to 31 March, 2025, according to its latest accounts which have been filed with Companies House. The [...]
FTSE 100 Live: Ofwat £11m fine; Unemployment at four-year high December 16, 2025 Good morning and welcome back to the City AM liveblog. We received another gloomy snapshot of the economy ahead of the ever-important Bank of England rate decision on Thursday. New unemployment data showed another blow for the Labour government, which has denied that its policies have had an on the ailing jobs market. The UK [...]
The secret to Reform’s rise? They don’t put their out of offices on December 16, 2025 Reform used the summer holiday vacuum to further their cause, and it's made all the difference, writes Michael Martins in today's Notebook.
Private landowner sends Lime an £8k bill as e-bike row escalates December 16, 2025 A London property firm has invoiced Lime nearly £8,000 for removing, storing and returning dockless e-bikes left on its private land, City AM understands, amid struggles to contain the capital’s bike clutter problem. Russell Gray, director of property firm Shiva Ltd, personally returned around ten Lime bikes to the firm’s depot on Thursday, handing staff [...]
Subsidised jobs won’t fix youth unemployment December 16, 2025 The young do not need moral lectures. They need chances. And chances come from businesses that are free to hire, free to experiment and free to take risks, not from the state, says Matthew Bowles Last weekend, the Secretary of State for Work and Pensions, Pat McFadden, announced on the BBC’s Sunday with Laura Kuenssberg [...]
‘Picking winners? This is about backing champions’ – Reform’s Zia Yusuf on a radical approach to business December 16, 2025 Reform has by any measure enjoyed an incredible 2025. But for much of the poll-topping year, its economic vision has remained an unknown entity. Ali Lyon met policy chief Zia Yusuf to hear, for the first time, his party’s plans for Britain’s flatlining economy and the millions of businesses in it. Zia Yusuf is feeling [...]