Labour minister: UK-EU trade deal could take another year to kick in July 17, 2025 The UK’s trade deal with the European Union, set to ease food standards and align energy markets could still take another year to come into effect, a Labour minister has warned. In a landmark post-Brexit deal, the UK and EU agreed a deal on food standards to slash red tape for British exporters while giving [...]
Fulham’s Craven Cottage could be future of new franchise Project Sevens July 17, 2025 The investment vehicle behind a new privately funded rugby sevens league set to launch in 2026 is targeting Craven Cottage as a host venue, City AM can reveal. Tom Burwell, chief executive of Bia Sports Group – the investment team behind newly promoted Premier League football club Sunderland – explained that the as-yet unnamed sevens [...]
Ocado shares spike as grocer boosted by £750m M&S joint venture gain July 17, 2025 Online grocer Ocado has reported significant growth in the first half of 2025, while stating its major goal is to turn cash-flow positive next year. Its share price spiked more than 13 per cent in early trades. Ocado told markets this morning that revenue rose 13.2 per cent to £674m, while earnings before interest, tax, depreciation [...]
Rachel Reeves’ tax raid leads to thousands of job losses as wage growth cools July 17, 2025 Thousands of jobs were lost in June, official data has shown, putting the Bank of England under greater pressure to deal with the consequences of Chancellor Rachel Reeves’ £20bn tax raid at its next interest rates decision in August. Bank Governor Andrew Bailey has warned that “softening” in the labour market could force rate-setters to [...]
Dubai first-time buyer scheme hopes to lure Brits, and keep them July 17, 2025 A new first-time buyer scheme in Dubai will keep expats in the country for longer and is likely to help lure even more ambitious Brits priced out of the property UK market to the gulf state, property experts in the Emirate have said. The city state’s Land Department unveiled its first formal programme to help [...]
Sticky inflation takes shine off Reeves’ week July 17, 2025 If the Chancellor was hoping to bask in the glow of supportive front-page coverage the morning after her Mansion House speech, she would have been disappointed. The spectacular revelations of Whitehall’s hushed-up cock-up over Afghan refugees knocked her off the top of the news agenda pretty much across the board. Only City AM gave her [...]
Paragon Banking MD: ‘There’s a £500bn savings mountain sat in high street banks’ July 17, 2025 Each week, we dig into the memory bank of the City’s great and good. Today, Michael Helsby,managing director of strategic direction at Paragon Banking Group takes us through his career, and his reflections on the City, in Square Mile and Me What was your first job? I left school at 16 to become an apprentice Electrical [...]
Sadiq Khan to host first-ever mayoral London-Africa business summit July 17, 2025 Sadiq Khan has unveiled plans to host the first-ever mayoral London-Africa business summit next year in a bid to deepen trading ties with the continent. According to the mayor, the summit will bring together entrepreneurs and investors, state officials, trade groups and stock exchanges from across the continent, with the aim of promoting London as [...]
Crystal Palace to step up legal fight over Europa League expulsion July 16, 2025 Crystal Palace chairman Steve Parish has confirmed that the club will take their bid to overturn expulsion from the Europa League to the Court of Arbitration for Sport. European governing body Uefa stripped the FA Cup winners of their spot in next season’s competition last week after ruling that they had broken multi-club ownership (MCO) [...]
Wall Street banking giants ride tariff rebound to booming revenue July 16, 2025 Wall Street’s banking titans have rounded off second-quarter earnings seasons largely breezing past analyst expectations as revenues boomed on the back of market volatility. The lenders continued a trend from the first-quarter with strong trading and investment banking revenues driving a robust performance. JP Morgan pocketed $45.7bn in revenue, outperforming its $44bn estimate. This came [...]