Peter Mandelson handed back £1.3m from consulting firm he founded January 8, 2026 A consulting firm founded by Peter Mandelson handed back £1.3m to the House of Lords peer prior to his departure from the business, the firm’s latest accounts reveal. Global Counsel, a London-based public policy consultancy launched by Mandelson in 2016, had been lent £1m by the disgraced politician with interest paid “at commercial rates,” white [...]
Mark Kleinman: What’s in store for the Square Mile in 2026? January 8, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Not great, not awful: a fair summary of my corporate predictions for 2025. On the plus side, I was right to forecast a bid for ITV, or at least part of it, and correct that Thames [...]
British shoppers turn to AI as London high street sales falter January 7, 2026 As our beloved high streets grapple with rising business costs, decaying consumer confidence and yet another bout of tax uncertainty, AI agents are reshaping how consumers shop. A report published by the Information Commissioner’s Office (ICO) warns that that so-called ‘agentic AI’, a quasi-autonomous form of artificial intelligence, could shift from novelty to norm within [...]
In defence of the junk food advert ban (from a marketer) January 7, 2026 Many agencies have pushed back against the junk food advert ban, but Ogilvy UK's Amelia Torode says she welcomes the legislation.
London Luton Airport says investment at risk due to Labour’s taxes January 7, 2026 A £2.5bn proposal to expand one of London’s top airports is facing fresh challenges amid rising tax burdens, as the aviation sector feels the pain of Rachel Reeves’ business rates raid. The owner of Luton Airport, Labour-run Luton Council, had put together plans to build a new terminal and increase capacity from 18m to 32m [...]
‘A load of rubbish’: Pubs round on Starmer’s licencing offer January 7, 2026 Pub and hospitality bosses have rounded on Keir Starmer’s suggestion that relaxed licencing laws may compensate the industry for business rates bills having risen at the Budget, branding the proposal “a load of rubbish”. The Prime Minister confirmed his government was talking to industry leaders about “what further support” ministers could provide pubs and other [...]
Majestic Wine blames Reeves’ tax hikes as profit slashed January 7, 2026 Majestic Wine has blamed Rachel Reeves and her tax policies for its profit almost slashing in half during its latest financial year. The Watford-based business said the “economic environment became more challenging” during the 12 months to 31 March, 2025, especially after the general election and the Chancellor’s first Budget. The chain added that these [...]
Bankers eyeing warning signs for credit cycle downturn, says JP Morgan chief January 7, 2026 Bankers are paying close attention to early warning signs of a downturn in the credit market, a top JP Morgan executive has told City AM, as economic uncertainty and a spate of corporate collapses spark lender caution. Filippo Gori, co-head of Global Banking at JP Morgan, cited a rise in rates of fraud as well [...]
Starmer risks killing the great British pub January 7, 2026 Everyone has a favourite pub. It might be one you go back to on holiday or it could be at the end of your road. It could be a stone’s throw from the office (City AM is blessed in this regard) or one that’s still going from your uni years. The City AM Toast Awards [...]
£13bn streaming boom defies sluggish UK economy January 7, 2026 The UK’s digital entertainment sector emerges as a rare diamond in the rough for a stuttering national economy, with revenues surging more than four times faster than sluggish GDP growth in 2025. Streaming services and retail drove UK revenues from video, music and games to new highs of £13.3bn, according to a recent report by [...]