Mike Ashley’s Frasers offers to pay personal shoppers in Harvey Nichols takeover August 20, 2026 Frasers Group has offered to secure the pay of personal shoppers and stylists at Harvey Nichols after Mike Ashley’s retail empire bought the luxury department store. The Sports Direct and Flannels owner will make “goodwill payments” to a number of personal shoppers and stylists who were left owing money when Harvey Nichols collapsed. Frasers snapped [...]
Exclusive: Plans for city-based, private equity-backed athletics league revealed August 20, 2026 An audacious new athletics league that will see city franchises, road running and stakes sold to competitors is seeking funding to the tune of seven figures ahead of a 2027 launch, City AM can reveal. Former runner Florian Lussy is spearheading the as yet unnamed project – under his R-evo Ventures firm – which will [...]
Healey told tax rises for fiscal remedy are ‘not required’ August 20, 2026 Chancellor John Healey does not have to raise taxes to offer the UK economy “immediate remedial action” at the Budget, a top City economist has said. Panmure Liberum economist Simon French, who formerly worked at the Treasury, said the fiscal outlook for the government would be “broadly in the same position” as in the beginning [...]
COSMOS, Intel, and Airspan to Test and Evaluate OCUDU in End-to-End, 5G/NextG Deployment Scenarios August 20, 2026 The Cloud Enhanced Open Software Defined Mobile Wireless Testbed for City-Scale Deployment (COSMOS), a National Science Foundation PAWR (Platform for Advanced Wireless Research) platform led by Rutgers University/WINLAB together with Columbia University and New York University, has embarked on a collaboration with Intel and Airspan Networks to integrate, test, and evaluate the OCUDU (open source [...]
In defence of The Hundred, by co-chair of Welsh Fire August 20, 2026 Welsh Fire co-chair Mark Rhydderch-Roberts dissects The Hundred season, and urges doubters to give it a go. After a frenetic 27 days and a gripping and sold out Finals Day last Sunday at Lord’s, the 2026 Hundred tournament has concluded. Despite the best efforts of some to focus on a marginal decline in total attendances, [...]
Standard Life partners with Goldman Sachs and CVC to fuel pension risk transfer business August 20, 2026 Standard Life has struck a deal with a group of global finance giants including CVC and Goldman Sachs in a bid to accelerate its push into the booming pension risk transfer market. The FTSE 100 group has joined forces with a CVC-led consortium, which also includes insurer Prudential, to commit as much as £2bn over [...]
‘Alice in Wonderland’ workspace firm lands £129m Aberdeen-backed finance August 20, 2026 A luxury workspace provider whose offices feature novelty themes like Alice in Wonderland and Monopoly has landed a £129m refinancing package. Office Space in Town (OSiT) has bagged a new debt package which includes around £72m in backing by leading asset manager Aberdeen, City AM has learned. OSiT operates 225,000 sq ft of flexible office [...]
Experian Brings Personalised Credit Scores to ChatGPT in a UK First August 20, 2026 Upgraded Experian app in ChatGPT now shows users their personalised 1250 Experian Credit Score, score history and a breakdown of what goes into a credit score Launch marks the next step in Experian's strategy to engage with the public and promote financial health via new channels
Is £5bn now the entry ticket into Premier League football? August 20, 2026 It may have taken 34 years but the Premier League has at last clawed its way into the financial big time. The reported £5.5bn valuation placed on Liverpool FC by a consortium of new investors that includes Amazon’s founder Jeff Bezos – aka the world’s third richest man – has the whiff of an NFL [...]
As it happened: FTSE 100 rallies after JD Sports drags on blue chips; oil jumps again August 20, 2026 Welcome back to the City AM liveblog. The FTSE 100 has slipped to a week low on Thursday, as JD Sports dragged on the index after warning on profit. The blue-chip index fell to 10,693 around midday, marking a 0.46 per cent drop on Wednesday’s close and a 0.7 per cent fall in the week [...]