Oxford Street’s new phone theft warnings are utterly depressing August 7, 2025 When demand emerges, the market will provide a solution and the internet is now awash with anti phone theft devices. Basic wrist straps are available on Amazon for a couple of quid, with more robust ‘retractable phone security tethers’ on offer for around £30. You can even get a body-worn strap system that looks like [...]
Mortgage recovery hinges on a Bank of England interest rate cut August 6, 2025 Homeowners across the UK are catching a break as mortgage arrears fell for the first time since the cost-of-living crisis began – but a full recovery will hinge on the Bank of England’s decision on Thursday. Missed mortgage payments in the second quarter fell by 4.4 per cent across the UK, whilst direct debit rejections [...]
Birmingham Phoenix tee up Castore as Hundred teams ditch New Balance August 6, 2025 Birmingham Phoenix have agreed a kit deal with Castore for next season, with The Hundred’s long-term apparel supplier, New Balance, increasingly being phased out by the franchises that are under new ownership. City AM revealed last week that London Spirit are also dropping New Balance after the current campaign, with their new co-owners, Cricket Investor [...]
7 amazing things to do in London this week, from new pizza to cocktails and the return of Secret Cinema August 4, 2025 7 amazing things to do in London this week, from the return of Secret Cinema with a hyped production of Grease to unusual pizza combos and fabulous cocktails As summer trucks on, more fabulous outdoor events demand your attention: this week sees the return of Cocktails in the City, and there’s a new immersive theatre [...]
McDonald’s sheds 2,000 UK jobs as profit almost doubles August 4, 2025 Profit at the UK arm of McDonald’s almost doubled in 2024 as it shed more than 2,000 jobs, it has been revealed. The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023. That figure though was down from the £170.8m [...]
‘I only went into banking because people said it was the hardest job to get’: Propelle founder Ayesha Ofori July 31, 2025 Ayesha Ofori, former City banker and founder of investment platform Propelle, takes us through her career in this week's Square Mile and Me.
London could have new bridges for free – but we’re funding Nimbys and woke charities instead July 31, 2025 The City Bridge Foundation is an ancient fund with deep pockets whose specific purpose is to build and maintain London’s bridges – so why is it paying for woke charities and indirectly giving money to Nimby groups? Asks John Murphy “Politics is all about trade-offs,” we’re told. “You can’t please everyone,” says the wizened old [...]
Nationwide wins big in mass switch from FTSE 100 banks July 30, 2025 Nationwide has raided the customer base of Britain’s banking titans as current account switchers flocked away from legacy firms. The building society welcomed nearly 73,000 switchers in the first three months of the year, compared to 17,000 outflows, according to Pay.uk data. This comes after the mutual returned billions to customers in 2024, whilst the [...]
Northern: Cancellations rise as train company’s profit grows July 28, 2025 Government-owned train company Northern cancelled more services as its profit rose during its latest financial year, it has been revealed. The number of trains cancelled by the business increased from 7.2 per cent to eight per cent in the 12 months to 31 March, 2025, new accounts filed with Companies House show. The rise in [...]
UK’s AI vision faces infrastructure reality check July 25, 2025 The UK government has set ambitions to become a global leader in AI research, safety and commercialisation. Over £2.5bn has been committed to compute infrastructure, with new supercomputers being built in Edinburgh and Bristol, and “AI Growth Zones” being launched across regions including Greater Manchester and the West Midlands. But a growing chorus of voices [...]