Sir Jim Ratcliffe’s Ineos issues ‘urgent warning’ amid job cuts October 7, 2025 Sir Jim Ratcliffe’s Ineos is to cut 20 per cent of the workforce at its Acetyls plant at Hull, it has been confirmed. In total, 60 jobs are set to be lost in what the group said was a “direct result of sky-high energy costs and anti-competitive trade practices”. Confirming the news, Ineos blamed “dirt-cheap [...]
FTSE 100 Live: House prices fall; Shell eyes earnings boost; B&M takes hit October 7, 2025 Good morning from the City AM liveblog team. Last week, PM Keir Starmer appeared to leave Labour conference on a high — seeing off threats to his leadership and resetting relations with members. But back in London, things are not quite as rosy. As we report today, UK dealmakers’ faith in the economy has slumped [...]
Exclusive: Welsh Fire co-owner wants Hundred to be T20 within two years October 7, 2025 The Indian-American co-owner of The Hundred franchise Welsh Fire, Sanjay Govil, wants the competition to drop its unique format and become a T20 league within two years. The 100-ball format has come under pressure following the sale of stakes in all eight Hundred franchises to overseas investors, some of whom are keen to bring the [...]
Lazy Brits are refusing to switch bank accounts. And I would know October 7, 2025 Despite knowing the benefits of switching, too many Brits refuse to switch bank accounts. And I'm part of the problem, writes Samuel Norman.
Want to see the City thriving again? Consider becoming a mentor October 7, 2025 A dial-a-business-expert service could save struggling SMEs that just need a bit of advice. But we need more mentors to make it.
On this day: Fox News hits our screens October 7, 2025 On this day in 1996, Rupert Murdoch launched Fox News Channel and changed the American news landscape, writes Eliot Wilson.
Asda credit card firm Jaja Finance warns of ‘material uncertainty’ over going concern status October 7, 2025 The firm behind the Asda credit card has warned of “material uncertainty” over its ability to continue as a going concern after reporting widening losses, City AM can reveal. Jaja Finance, a fintech co-owned by billionaire Mohsin Issa and private equity firm TDR Capital, said it had “substantially advanced” but not yet completed a new [...]
Brits’ retirement hopes wane as financial pressures grow October 7, 2025 Brits’ retirement dreams are moving further out of reach, as mounting financial pressures leave more people expecting to work for longer in order to live comfortably in their later years. According to the latest survey from pensions provider Standard Life, most UK adults predict they will now be working until they are 67, rising from 66 [...]
Riyadh Season like Saudi Arabia’s Disneyland as darts joins roster October 6, 2025 Riyadh Season’s expansion to encompass more sports and cultural events – including, for the first time, darts – has seen it likened to “Saudi Arabia’s Disneyland”. A new deal with multi-sport promotion giants Matchroom will see the Saudi Masters Darts join the likes of boxing and snooker on the Arabian peninsula. Furthermore, Riyadh Season – [...]
Tories: Reeves gambling with lives over mooted betting tax October 6, 2025 Rachel Reeves has been accused of “gambling with lives” ahead of a mulled tax rise on the gambling sector in November’s Budget. The Chancellor is tipped to hike the levy on bookies from 15 per cent to 21 per cent, in line with online casinos, in a move critics say could decimate horse racing and [...]