Ballooning office rents price creative industries out of UK cities October 27, 2025 The UK’s creative industries are under threat from a spike in rents and a shortage of suitable space, according to a new report. With rents up a third since 2019 and growth in the creative industries stalling, businesses are being priced out of urban areas as workspace costs soar and margins tighten. “If these threats [...]
FTSE 100 giant Natwest shares surge to 15-year high October 27, 2025 Natwest shares rallied to a 15-year high on Monday morning after the lending giant’s post-results stock boom continued into the new week. The FTSE 100 titan’s shares were up over one per cent in early trading to 578.60p. It follows the group netting £2.2bn in operating profit before tax for the third quarter – a [...]
Why are we even considering China’s ‘super-embassy’? October 27, 2025 One day the story of China’s “super-embassy”, whether it is built or not, will be the subject of book-length investigative reporting that wins prizes, writes Eliot Wilson.
How to make it: The value of ‘coachment’ October 27, 2025 This National Mentoring Day, every leader should remember that, in business, you can’t do it alone, says Richard Harpin You probably don’t realise it but today is one of the most important in the business calendar. At least it is for me. Because National Mentoring Day and what it represents can turn this country into [...]
HSBC makes $1.1bn provision after Madoff fraud ruling October 27, 2025 FTSE 100 banking giant HSBC has set aside just over a billion dollars following the resolution of an investment fraud case in Luxembourg. HSBC faced a lawsuit from Cayman Islands-based ‘feeder fund’ Herald Fund SPC in 2009, which accused the bank of claiming restitution of securities and cash that it said was lost in the [...]
Thousands of jobs at risk as Petrofac appoints administrators October 27, 2025 North Sea oil and energy services group Petrofac has appointed administrators, putting thousands of jobs at risk. The company said it took the decision after one of its customers, TenneT, terminated its relationship over a 2GW energy programme in the Netherlands. “Having carefully assessed its options, and the impact of TenneT’s decision… the directors of [...]
FTSE 100 Live: Goodwin shares soar, HSBC $1.1bn Madoff hit, Petrofac administration October 27, 2025 Good morning from the City AM liveblog team. Rachel Reeves likes to insist that she will “never play fast and loose with the public finances.” It’s a phrase she deploys quite often, not least when it looks as if the bond market could do with a bit of reassurance, and it means that she won’t [...]
JD Sports-owned Go Outdoors returns to profit but cuts more jobs October 27, 2025 Go Outdoors, the retailer owned by FTSE 100 giant JD Sports, returned to profit as it cut more jobs in the wake of Chancellor Rachel Reeves’ tax hikes, it has been revealed. The business said it has reduced its headcount as it “faced significant cost headwinds” including the increase in the National Living Wage, a [...]
Baller League chief: $100m cheque won’t get me to talk to you October 26, 2025 The man behind Baller League has said a $100m cheque will not be enough to buy a seat at its investment table. The indoor, six-a-side football competition, was founded in Germany but has since moved to the United Kingdom with plans to expand Stateside. The likes of Mats Hummels and Lukas Podolski were early Baller [...]
Asylum seeker released in error seen in London area, police say October 25, 2025 An asylum seeker accidentally released from prison was last seen in the London area, police said, as officers urged anyone who spots him to call 999 immediately. Ethiopian national Hadush Gerberslasie Kebatu, 38, who had been living at the Bell Hotel in Epping, was jailed for 12 months in September for the sexual assault of [...]