UK economy’s rebound fails to stem two years of mass job losses August 21, 2026 A rebound in the UK economy over August has failed to turn around the country’s flagging labour market after nearly two years of job losses, new estimates have shown. Data tracked by S&P Global suggested the UK’s private sector grew at the fastest pace in four months in August despite concerns around business costs and [...]
Burnham predicted to raise taxes for ‘fundamental’ cost of living support August 21, 2026 Andy Burnham will struggle to deliver “fundamental” cost of living support without raising taxes, economists have warned, after a spike in government bond yields in recent weeks. Higher than expected government borrowing in July has deepened problems for the UK’s public finances, narrowing the range of extra cost of living measures that could be adopted [...]
Beyond your 9-5: things to explore in the Square Mile August 20, 2026 For most, the City of London is defined by the rhythm of the working week. Offices fill from Monday to Friday, and the streets fall quiet at the weekend. But since the pandemic that pace has changed, and incredibly the Square Mile offers so much beyond the traditional 9-5. A weekend in the City of [...]
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 [...]
Inflation leaps to 2.9 per cent in blow to Burnham August 19, 2026 Inflation has leaped up following the reset of the energy price cap, official data has revealed, marking the likely beginning of a long run of increases in price growth. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation [...]
As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz August 19, 2026 Welcome back to the City AM liveblog. The FTSE 100 is falling on Wednesday as oil prices continue their march upwards and investors digest a jump in inflation. The Office for National Statistics (ONS) put the consumer price index inflation reading at 2.9 per cent for the 12 months to July. The previous inflation reading [...]
Public sector makes wage growth higher than expected August 18, 2026 Wage growth was higher than expected as pay offers in the public sector far outweighed growth in the private sector, new data has revealed. Official statistics have shown that wage growth, including bonuses, reached 4.1 per cent between April and June compared to a market forecast of four per cent. This was still lower than [...]
City law firm sues prominent Emirati business family August 18, 2026 London-headquartered law firm Charles Russell Speechlys has initiated legal action against investment entities controlled by the prominent Emirati business family Al-Sari, City AM can reveal, marking the latest development in an ongoing multi-jurisdictional dispute with its former client. The case stems from overlapping legal challenges involving entities in the Al-Sari family’s portfolio. The law firm, [...]
Elavon renews partnership with Sage to simplify payments for growing businesses August 17, 2026 Elavon, the merchant payment division of U.S. Bank and one of Europe’s leading global merchant acquirers, and Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, have renewed their long-standing partnership to continue delivering simple, seamless and scalable payment solutions to even more Sage customers across the United Kingdom [...]
Soaring energy bills set to fuel inflation spike August 16, 2026 Rising energy prices are poised to send UK inflation rearing back up, as economists warn that the summer boost to the economy could be fleeting. The rate of Consumer Prices Index (CPI) inflation is tipped to rise to 2.9 per cent in July, climbing from June’s 15-month low of 2.6 per cent, when the Office [...]