Premier League clubs to pay levy on overspend after approving new rules November 21, 2025 Big-spending Premier League clubs will pay a levy on any overspend as part of new Squad Cost Ratio (SCR) financial rules voted in for next season. At a shareholders meeting today in London, a vote to introduce SCR in place of the controversial Profitability and Sustainability Regulations (PSR) achieved the required majority. They rejected proposals [...]
Voyage can burst Warrior’s Bubble in Jockey Club Cup November 21, 2025 FANS of Hong Kong equine superstars Ka Ying Rising, Romantic Warrior and Voyage Bubble will be out in force at Sha Tin on Sunday, when their champions step out onto the turf as part of a top-class 10-race programme. The David Hayes-trained Ka Ying Rising, rated the world’s best sprinter, returns to his local track [...]
Babcock shares wobble as investors split on performance November 21, 2025 Engineering and defence giant Babcock has seen its share prices wobble in morning trading, as investors were split over the group’s first half of the year performance. The FTSE 100 company saw revenue shoot up 7 per cent to £2.54bn, while profit before tax climbed 19 per cent to £201.1m, bolstered by strong performances from [...]
Massa’s £64m trial a risk for Bernie Ecclestone, lawyer warns November 21, 2025 Filipe Massa’s £64m damages claim proceeding to trial represents a risk to Bernie Ecclestone and Formula 1, a top lawyer has warned. Brazilian Massa’s case against Ecclestone, Formula 1 and motorsport’s governing body the FIA saw a judgment handed down this week at London’s High Court saying parts of the claim can go to trial. [...]
To build a UK investing culture, we need to start in schools November 21, 2025 The old adage, ‘look after the pennies and the pounds will look after themselves’ still rings true today. Yet, financial literacy is not just about learning how to balance a budget or save for a rainy day, it is about equipping young people with the skills and confidence to navigate life’s financial challenges and opportunities. [...]
Clifford Chance AI-driven redundancies hit London business service roles November 21, 2025 Law firm Clifford Chance is preparing for dozens of redundancies after launching a restructuring of its London business services team. Around 10 per cent of the 550 employees are set to lose their jobs, according to the Financial Times. It was reported that the magic circle firm told staff last month that greater use of [...]
FTSE 100 Live: Asos shares tumble, retail sales drop, Babcock sinks November 21, 2025 Good morning from the City AM liveblog team. With just days to go before the Budget, there is increasing investor nervousness about what surprises could be in-store for businesses. Few are expecting those surprises to be pleasant. Speaking to the paper yesterday, the boss of the world’s biggest platinum group metals recycler warned Rachel Reeves [...]
London’s largest sub-region: Why thinking locally could propel growth November 21, 2025 Comprising nine London boroughs, Local London contributes £60bn to the economy annually, yet remains overlooked, writes Anthony Okereke.
Reeves vows to halve consultancy bill, but government can’t track its spending November 21, 2025 Despite the government setting an ambitious target to halve overall spending on consultants, a new report suggests, the lack of consistent data hinders efforts to track progress toward spending targets. Rachel Reeves has set targets to halve the UK government’s overall spending on consultants in 2025-26 and to save £550m in 2024-25, aiming for £700m [...]
Labour hopes AI will save UK economy from jobs crisis November 20, 2025 The government has announced a sweeping package of AI investment intended to create thousands of new jobs across the UK, at a time when businesses warn that rising employment costs and rapid advances in AI are already driving workforce reductions. Ministers have confirmed billions of pounds of private and public AI investment, including a new [...]