TfL decommissions Oxford Circus air conditioning despite sweltering heat May 27, 2026 Temperatures may be hitting record highs in the capital but City commuters are unlikely to find relief from the heat underground, after TfL decided to decommission the air conditioning systems at one of its busiest stations. London’s transport operator unveiled plans in 2012 to install air cooling systems at Oxford Circus and Green Park, two [...]
London makes up more than a third of UK corporation tax receipts May 26, 2026 London accounts for more than a third of total corporation tax receipts across the UK, new data analysed by City AM has shown. Data shared by the Office for National Statistics (ONS) has shown that London makes up around 36 per cent of total corporation tax income generated each year, highlighting the capital city’s dominance [...]
SCC UK boss: I’ve returned to London after 10 years. Locals forget how good they have it May 21, 2026 Russell Brown, CEO at IT giant SCC UK, tells us about returning to London after a decade away, and navigating a career in tech.
New HS2 budget to blow £33bn hole in public finances May 21, 2026 The government will need to find as much as £33bn in additional cash from tax and spending measures or from other departments to fund its revamped plans to deliver HS2. According to a City AM analysis, the Department for Transport’s updated proposals for the rail line require between £18bn and £33bn of additional public money [...]
Expedia Group announces agreement to acquire CarTrawler, advancing strategy to build the most complete B2B travel platform May 20, 2026 Acquisition enhances Expedia Group’s ability to deliver mobility and Insurtech solutions for travelers worldwide through its B2B platform and consumer brands
‘Obscene’ – HS2 on track to cost at least £102bn as minister slams ‘gold-plated folly’ May 19, 2026 HS2 is now poised to cost the taxpayer as much as £102bn and will not run from Euston until at least 2040, according to the transport secretary who blasted the project as a “massively over-specced folly”. Heidi Alexander said the cost of the ill-fated train line was now on course to nearly double from the [...]
Dr Martens shares rocket after kicking down costs May 19, 2026 Dr Martens shares rocketed in early morning trading on Tuesday, after sharp cost-cutting across the business delivered significant profit growth. Shares in the shoemaker soared 8.5 per cent in early trading to 69.8p, with shares up 22.1 per cent over the last year, following its latest annual results. But the share price remains down 7.4 [...]
Sign of the Dimes: Harry Styles Wembley run to drive £1bn spending frenzy May 19, 2026 Harry Styles’ 12-night Wembley residency is set to rake in more than £1bn in spending in the capital, smashing previous records set by Taylor Swift concertgoers. The Mancunian popstar is expected to attract £88.3m in spending per night, far higher than the £66.5m recorded during Taylor Swift’s UK Eras Tour dates in 2024, according to [...]
Tube strikes called off in last-minute U-turn May 18, 2026 This week’s round of London tube strikes have been called off in a last-ditch reversal by the drivers’ union. The strikes were due to cover two 24-hour periods later this Week, from 12pm on Tuesday and 12pm on Thursday. The industrial action was called by the Rail, Maritime and Transport (RMT) union over Transport for [...]
The City is paying the price for Britain’s energy failure May 18, 2026 High, unstable energy costs don’t stay in the energy sector. They get absorbed into operating margins, debt-service forecasts, insurance assumptions, infrastructure returns, and the discount rate applied to British assets, says Alan Chang The City does not need another price shock to understand Britain’s energy problem. Markets are already pricing the risk. Renewed tensions with [...]