‘Hard to accept’: Small firms round on energy intensive subsidies October 8, 2025 So-called standing charges are going up by as much as 94 per cent for all businesses bar the most energy intensive come April. Many are up in arms, writes Ali Lyon Even businesses like Michael Morris’s Beachcomber Amusements – a traditional arcade that treats guests in the small Fife town of Leven to games of [...]
Football clubs concerned as EFL set to axe its rogue owners test October 8, 2025 The EFL is planning to hand over sole responsibility for assessing the suitability of potential owners to the Independent Football Regulator (IFR), raising concerns among some clubs over whether the new government-backed body has the resources and expertise to make such judgements effectively. The Premier League, in contrast, will continue to operate its own Owners’ [...]
EU tariffs leave UK steel industry facing ‘biggest threat ever’ October 7, 2025 The UK’s ailing steel sector is facing the “biggest crisis in its history”, industry chiefs have warned, after the European Union unveiled plans to double tariffs on all steel imports in a bid to revive its moribund steelmaking capacity. As part of efforts to kickstart a “reindustrialisation of Europe“, EU commissioners signed off a proposal [...]
Sir Jim Ratcliffe’s Ineos issues ‘urgent warning’ amid job cuts October 7, 2025 Sir Jim Ratcliffe’s Ineos is to cut 20 per cent of the workforce at its Acetyls plant at Hull, it has been confirmed. In total, 60 jobs are set to be lost in what the group said was a “direct result of sky-high energy costs and anti-competitive trade practices”. Confirming the news, Ineos blamed “dirt-cheap [...]
On this day: Fox News hits our screens October 7, 2025 On this day in 1996, Rupert Murdoch launched Fox News Channel and changed the American news landscape, writes Eliot Wilson.
Riyadh Season like Saudi Arabia’s Disneyland as darts joins roster October 6, 2025 Riyadh Season’s expansion to encompass more sports and cultural events – including, for the first time, darts – has seen it likened to “Saudi Arabia’s Disneyland”. A new deal with multi-sport promotion giants Matchroom will see the Saudi Masters Darts join the likes of boxing and snooker on the Arabian peninsula. Furthermore, Riyadh Season – [...]
Reeves and Goldman chief to pitch London to IPO candidates October 5, 2025 Chancellor Rachel Reeves will pitch to London Stock Exchange flotation candidates alongside one of the City’s top bankers, in her bid to revive interest in the struggling UK market. First reported by Sky News, Reeves and Lucy Rugby, the newly appointed City minister, will host a group of company bosses on Monday to discuss “the [...]
Rachel Reeves mulls hiring ‘outsider’ for banking watchdog role October 4, 2025 Chancellor Rachel Reeves is looking to hire a City heavyweight to succeed Sam Woods as the chief executive of the main banking watchdog once his term ends in the middle of next year, it has been reported. Sam Woods’ term as chief executive of the Prudential Regulation Authority (PRA), the watchdog which is part of [...]
The Capitalist: Butler boogies her way towards 2028 October 3, 2025 The week’s gossip and City whispers: it’s the latest edition of The Capitalist CITY AM’s Samuel Norman is no stranger to fanboys, fintech superfan-in-chief such as he is, but this week he was delighted to find he had a fan of his own in the form of 14-year- old reader Ben. The teen, with a [...]
Sky back in profit ahead of cutting 900 UK jobs October 2, 2025 Media and telecoms giant Sky recovered from losing almost £800m to return to the black in 2024 before preparing to cut hundreds of jobs. Sky, which was bought by the US media company Comcast for £30bn in 2018, has posted a pre-tax profit of £253m for its latest financial year. The total comes after Sky fell [...]