Revolut founder accused of hatching a ‘scheme’ to avoid fees in superyacht row October 26, 2026 The billionaire founder of Revolut has been accused of hatching a “scheme” to avoid paying brokerage fees in a row over a superyacht said to cost €350m. In new legal filings, seen by City AM, Nik Storonsky is accused by a luxury superyacht broker of “secretly negotiating” to buy the vessel “behind the back” of [...]
The Big Bang transformed the City of London – 40 years on, can it happen again? October 26, 2026 The City of London was changed forever by a sweeping package of deregulation in 1986, known as the Big Bang. Forty years on – and facing existential threats – can the Square Mile reinvent itself again? When Alasdair Haynes left work as a young options trader on Friday 24th October 1986, he didn’t know what [...]
Plus500 finance chief says US listing ‘always on table’ October 26, 2026 The finance boss of Plus500 has said a US listing is “always on the table” as the fintech firm turns to North America for its next phase of growth. Elad Even-Chen, chief financial officer at Plus500, told City AM: “We always keep assessing all the opportunities. It’s our duty as a public company.” “It’s something [...]
Sadiq Khan urges banks to stay in London as tax raid looms October 26, 2026 Sadiq Khan has urged London’s biggest banks to keep investing in the UK, days away from an expected tax raid on the sector. On Monday, the Mayor of London said the City’s banking sector is “really important” but refused to say whether he opposed the tax raid, adding that “those with broader shoulders carry the [...]
Healey’s state pension shield could create ‘messy £200m cliff edge’ October 26, 2026 The Treasury’s plans to shield low-income pensioners from income tax could lead to a “messy” cliff edge and a ballooning bill for future governments, a former pensions minister has warned. Chancellor John Healey will use his maiden Autumn Budget this week to protect nearly one million retirees who are dependent on the state guarantee by [...]
Oxford Street pedestrianisation is a win for London October 26, 2026 The pedestrianisation of Oxford Street will create a new a public realm where it is anticipated that people will enjoy the new space, stay longer and spend more, says Andrew Busby The pedestrianisation of Oxford Street is the most radical project to hit the West End in decades. Almost a kilometre of the nation’s high [...]
Autumn Budget 2026: bank tax will put the City’s success at risk October 26, 2026 It is 40 years since the Big Bang unleashed London to become the global financial centre that it is, but by hammering the sector with windfall taxes, John Healey risks putting that success at risk, says Chris Hayward Nigel Lawson’s Big Bang took London from a globally competitive financial and professional services sector to what [...]
The major Budget questions facing John Healey in four charts October 26, 2026 John Healey faces several tests in delivering a Budget that keeps the UK economy on course to grow. Mauricio Alencar looks at the questions he will have to answer at the despatch box. Investors are heading into the upcoming Budget with a lot of unknowns. John Healey faces a test in balancing expectations between different [...]
Budget 2026: Will Chancellor help or hinder football finances? October 26, 2026 While the Autumn Budget always prompts speculation in finance, hospitality or retail, its impact on football should not be underestimated. Clubs are still reckoning with the impact of the previous new measures in recent Budget announcements, with even more shortly on their way. At a time when the books of England’s biggest clubs are under [...]
Oxford Street goes traffic-free as Sadiq Khan launches pedestrianisation October 26, 2026 Oxford Street has become permanently traffic-free for the first time as London mayor Sadiq Khan presses ahead with a major overhaul of the capital’s busiest shopping district ahead of Christmas. Almost a kilometre of the famous shopping street, between Orchard Street near Selfridges and Great Portland Street, has closed to vehicles from Monday, ending decades [...]