JP Morgan warns on AI bubble amid Bank of England caution October 9, 2025 JP Morgan boss Jamie Dimon has joined the chorus of warnings over an AI-driven market boom that some fear could go the way of the dot-com crash. Speaking from Bournemouth, where the bank announced a £350m investment in its local campus, Dimon described himself as “far more worried than others” about a serious market correction [...]
Natwest hires top tech talent amid UK innovation push October 9, 2025 NatWest had doubled down on its support for the UK’s high-growth and innovation economy with two senior strategic hires in its newly formed venture banking team. Greg Brown has joined as head of venture capital coverage, and Kim Martin has stepped in as head of venture and growth finance, reflecting the bank’s renewed push to [...]
Take it from someone homeless, cutting stamp duty will improve lives October 9, 2025 The Conservatives will make homeownership easier, but we must make it easier to build too, says Laurence Fredricks I am a senior researcher at Onward, leading our work on housing policy, and a Policy Fellow at Conservative YIMBY. But as a consequence of London’s housing affordability and availability problem, I am also homeless. Months of [...]
Burnley owners vow to run Espanyol separately after £113m takeover October 9, 2025 Burnley’s owners insist they will run Espanyol independently after completing a takeover of the Barcelona-based LaLiga club. Velocity Sports Partners, the investment arm of Burnley owner ALK Capital, confirmed today it has acquired Espanyol from Chinese businessman Chen Yansheng’s Rastar Group in a deal reported to be worth €130m (£113m). “Football has always belonged to [...]
Labour ministers ordered to stop relying on emergency funds October 9, 2025 Labour ministers have been told they will be blocked from using the government’s reserve funds to pay public sector staff and will only be given cash in exceptional circumstances. James Murray, the chief secretary to the Treasury, has told colleagues across the Cabinet that access to rainy day funds will be limited as the government [...]
Anthropic: UK staff get eye-watering sums at AI giant October 9, 2025 US AI giant Anthropic is paying its UK staff eye-watering financial packages as it attempts to build a foothold in this country. The business, which only launched in the UK at the start of 2023, increased its headcount from six to 43 in 2024 while its staff costs rocketed from £3.6m to £24m. Its wage [...]
Exclusive: Warrington Wolves to announce record shirt deal October 9, 2025 Super League side Warrington Wolves are today expected to announce a record deal with existing front-of-shirt sponsor Hoover, City AM can reveal. The Wire will see their agreement with the Haier Europe subsidiary Hoover extended by a further two years, taking the total association to eight years in length. City AM understands that the seven-figure [...]
The Capitalist: Tories disco through decline, trouble at Harper Collins and Mishcon’s ‘party from hell’ October 9, 2025 Tory Conference, chaos at Harper Collins and Mishcon de Reya's "party from hell"; catch up on the latest gossip in this week's The Capitalist.
Business confidence slumps to three-year low as tax fears ‘quash risk-taking’ October 9, 2025 Business confidence has plummeted to its lowest level in three years, an industry body’s leading quarterly survey has found, as rising tax fears ahead of the Budget are “quashing” investment and growth in the UK economy. The Labour government has boasted that the country was “open for business” after it struck investment deals with tech [...]
Mark Kleinman: Reeves heads outside in hunt for new banking watchdog October 9, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves heads outside in hunt for new banking watchdog File it under ‘Rachel Reeves’s headaches’. A search for Britain’s top banking regulator is about to get underway, and the word in Whitehall is that the chancellor [...]