Lucy Rigby back as City minister July 22, 2026 Lucy Rigby has been demoted to City minister after a stint as the chief secretary to the Treasury. Rigby, who previously served in the role under Keir Starmer, was moved from her cabinet role by Burnham and will now return to the dual brief of economic secretary to the Treasury and City minister. The former [...]
Manchester was Burnham’s rehearsal – now get ready to pay the bill July 22, 2026 Burnham has asked to be judged on Manchester – where his record is more spending, more borrowing and higher taxes, says Gareth Davies Andy Burnham walks into Downing Street with a simple pitch: judge me on Manchester. I am happy to take him up on it. Start with tax. In 2018, Mr Burnham created a [...]
‘We are going to run out’: Mitie marks eleventh mega takeover of 2026 July 22, 2026 Mitie’s takeover by rival facilities management group OCS marks the London Stock Exchange’s eleventh £1bn takeover so far this year, as the market continues to serve as a hunting ground for private buyers. OCS agreed to pay 218.5p per share and a final dividend of up to 3.1p. The offer price comes at a 44.7 [...]
Housebuilders urge Rayner to ‘hit the ground running’ and rip up planning red tape July 22, 2026 Housebuilders have called on Angela Rayner to “hit the ground running” and rip up planning red tape after her surprise comeback as housing secretary. Rayner resigned as housing secretary in September over an investigation into her tax affairs but was cleared of wrongdoing in March this year. Leading housebuilding figures told City AM they welcomed [...]
Manchester United accused of banning loyal fans to make space for big-spending tourists July 22, 2026 Manchester United supporters have accused the club of attempting to force out season ticket holders in order to generate more revenue from tourists and corporates. Season ticket holders of several decades started receiving emails – seen by City AM – informing them their accounts had been restricted after the club identified activity “that may indicate” [...]
Prologis pursuit of Segro descends into silver-haired scrap July 22, 2026 Prologis’s attempt to take over Segro has descended into a spat over the age of its chief executives as the US firm looks to convince the FTSE 100 company’s shareholders to accept its offer, City AM can reveal. New York-listed Prologis, the world’s largest listed real estate company, has warned Segro’s investors that 65-year-old boss [...]
CI Financial Holdings Ltd. Prices Private Offering of U.S. Dollar Junior Subordinated Notes July 22, 2026 CI Financial Holdings Ltd. (“CI” or the “Company”) today announced that it has successfully priced its private offering (the “Offering”) of US$500 million aggregate principal amount of its 7.625% fixed-rate resettable junior subordinated notes due 2056 (the “Notes”). The Offering is expected to close on July 23, 2026, subject to satisfaction of customary closing conditions. [...]
Footprint Expands Into PE-Free Cups, Bringing a Proven, Recyclable and Home-Compostable Alternative to Plastic-Lined Paper Cups Into Production July 21, 2026 Move strengthens Footprint’s European manufacturing platform and supports growing demand for practical alternatives to single-use plastic
‘Phenomenal waste of time’: Burnham slammed over plans to dismantle tech department July 21, 2026 Andy Burnham faced immediate questions over his decision to abolish the tech department on Tuesday, as peers warned the move risked disrupting Britain’s AI strategy. Ministers were hauled before the House of Lords less than a day after the machinery of government changes to the Department of Science, Innovation and Technology (DSIT) were announced, where [...]
Will Ibai take home a Toast the City Award? July 21, 2026 The Finalists have been announced for our second annual Toast the City Awards and we’re thrilled to highlight some of the runners and riders over the coming weeks. Today we’re celebrating the amazing steak restaurant Ibai, which is one of 12 Finalists in the Best Restaurant category. Here’s what our food critic – and Toast [...]