Exclusive: NRL investment talks welcome but must be open, Leeds Rhinos chief October 7, 2025 Frank discussions over Australia’s NRL potentially buying a stake in English rugby league should be welcomed, a key Super League boss has told City AM. Leeds Rhinos chief executive Gary Hetherington says calls from Peter V’landys, chair of Australia’s governing body, to look at investment should be heard as part of a wider discussion between [...]
Square Mile darling Farmer J bags $23m funding to take on New York October 7, 2025 London’s fast-casual darling Farmer J is heading across the pond after securing a $23m (£17.5m) funding round to launch its first New York flagship later this year, City AM can reveal. The investment, led by existing backer Beringea and joined by a new global hospitality investor, will also fuel three additional London openings before year-end, [...]
My mistakes as a female breadwinner – and why we need to rethink this rising phenomenon October 7, 2025 Female breadwinners are one of the fastest growing demographics in the UK, but it's not all it's cracked up to be, found Eliza Filby.
Branson-backed Virgin Active slashes losses amid WFH battle October 7, 2025 Virgin Active, the gym chain founded by Sir Richard Branson, has significantly slashed its losses as its battle with the work-from-home trend continues. The business, which runs 224 international locations, has reported a pre-ax loss of £78.1m for 2024, down significantly from the £146.7m it lost in 2023. New accounts filed with Companies House also [...]
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 [...]
Autumn Budget: Why are banks in Rachel Reeves’ tax crosshairs? October 7, 2025 The “pass the parcel” of Budget speculation has fallen back into the lap of the banking industry with the nation’s top lenders finding themselves as a potential subject of a November cash grab. Fresh reports have indicated Rachel Reeves is actively considering a raid on Britain’s banking giants – even as she continues to make [...]
Goldman warns Japan fiscal plans could spark UK bond sell-off October 7, 2025 The fiscal plans touted by the woman poised to become Japan’s first female Prime Minister will trigger a sharp jump the country’s borrowing costs that could spill over into the price of UK and US government bonds, Goldman Sachs has said. Sanae Takaichi, an admirer of Margaret Thatcher, was swept to victory in her Liberal [...]
Reform UK: Kent local authority poised to hike council tax October 6, 2025 Reform UK-run Kent County Council is likely to raise council tax next year, with a cabinet member suggesting that a five per cent hike is on the cards. Diane Morton, the council lead for adult social care, told the Financial Times: “We’ve got more demand than ever before and it’s growing.” “We just want more [...]
Tories vow to ease IR35 rules and cut red tape for small businesses October 6, 2025 Identification checks for small businesses would be eased under a new Tory pledge to slash red tape and allow entrepreneurs to open bank accounts at a quicker pace. Andrew Griffith, the shadow business secretary, will tell party members that the Tories would make growth among small businesses central to wider economic plans as they would [...]
Why Evelyn Partners backed the City’s newest padel tournament October 6, 2025 Next week some of the City’s biggest companies will put professional pride on the line in the name of competition – and charity – at the inaugural Evelyn Partners Padel Cup. The invitation-only tournament will see 16 mixed teams from top Square Mile firms descend on high-end Canary Wharf club Padium on 16 October for [...]