What will the Trump-Putin meeting mean for the global market? August 15, 2025 US President Donald Trump is set to meet with Russian President Vladimir Putin this evening for their first face-to-face meeting in six years. The Ukraine war is set to top the meeting agenda, with the world watching to see if Trump can get his wish to pursue talks on a potential ceasefire and peace deal. [...]
Seraphine: Princess of Wales’ favourite owed a king’s ransom August 15, 2025 Seraphine, the maternity fashion retailer whose clothes were worn by the Princess of Wales, owed over £33m as it collapsed into administration before being rescued. The business ceased trading and entered administration in July with consultancy firm Interpath appointed to oversee the process. The move led to the majority of its 95-strong staff being made [...]
Klarna’s losses worsen as provisions jump ahead of IPO August 14, 2025 Buy now, pay later giant Klarna reported a surge in losses for the second quarter as provisions for possible bad loans climbed higher. The Swedish fintech unicorn posted a 64 per cent jump in provisions to $174m (£128m), up from $106m for the same period in 2024. This helped offset revenue growth of 20 per [...]
City AM’s (slightly unconventional) best summer reads August 14, 2025 From romance to nuclear warfare, City AM's editorial team picks their best books of the summer, for some (unconventional) beach reading.
Billionaire Issa brothers shrink empire ahead of blockbuster IPO August 14, 2025 The forecourts empire founded by the billionaire Issa brothers has sealed a second deal this week to sell off part of its international business as it works up to a possible blockbuster float in New York. Blackburn-headquartered EG Group has agreed to dispose of its operations in Australia to Ampol in a deal which values [...]
FatFace slims down workforce as brand returns to profit August 14, 2025 FatFace shed almost 300 jobs as it returned to profit in its first full year after being acquired by FTSE 100 giant Next. The retailer was snapped up by the Leicester-based group for £115.2m in October 2023 in a deal which saw it fall to an initially reported pre-tax loss of £3.2m in the 35 weeks [...]
Gatwick profit jumps after boost to passenger numbers August 14, 2025 Gatwick airport has reported a double-digit rise in profit in the first half of 2025, driven by a boost to passenger and aircraft traffic volume. Total revenue reached £491.4m in the first half of the year, up 0.7 per cent from 2024. Adjusted revenue – accounting for two “large one-off elements” which occurred last year [...]
Demand for passive funds drives assets under management to record highs August 13, 2025 The UK investment management industry reached “record highs” in 2024, boosted by demand for low-cost products and overseas interest in UK assets. Tracker net sales surged for the third consecutive year, as investors increasingly look towards low-cost products and passive investments. In contrast, active sales tumbled, according to the latest report from the Investment Association [...]
Advertisers have a new audience to sell to: AI models August 12, 2025 For generations, advertisers have obsessed over how best to win the hearts and minds of consumers. But with people increasingly turning to their large language model of choice for product recommendations, the industry has a new audience to get its head around: artificial intelligence, writes Ali Lyon. David Ogilvy had four golden rules to help [...]
Elon Musk’s Tesla makes bid to power UK homes August 11, 2025 Elon Musk’s Tesla has applied for a licence to supply electricity to UK homes and businesses, in a move that could see the world’s most famous electric car brand take on Britain’s energy giants as soon as next year. The application was filed late last month by Tesla Energy Ventures, the Manchester-based energy subsidiary of [...]