Hospitality sector braces for ‘devastating’ tube strikes March 12, 2026 London’s hospitality sector could face “devastating” disruption from upcoming tube strikes, sector leaders have warned. Members of the RMT union, which represents London Underground staff, will strike over 12 days between March and May, and hospitality intelligence firm Access Hospitality has warned sector bosses to prepare now to protect their revenue. The last set of [...]
John Lewis boss: Labour must keep pledge to reform business rates March 12, 2026 Labour must honour its manifesto promise to fundamentally reform the business rates system, John Lewis boss Jason Tarry has said. The retail chairman said the changes at last year’s Budget were positive for retail but offered a “short-term” fix to a system which unfairly disadvantages physical retailers as opposed to online shops. Chancellor Rachel Reeves [...]
Middle East war ‘could plunge UK into a recession’ March 12, 2026 The crisis in the Middle East could plunge the UK into a recession in the worst case scenario where oil prices surge higher over the next two months, analysis has shown. Oxford Economics research has indicated that a continued surge in oil prices would rattle “parts of the global economy”, with the UK set to [...]
M&G continues road to recovery as net inflows rise March 12, 2026 M&G reported a reserve to outflows in its latest annual results after a return to growth in its Life business and asset management gained momentum. The investment manager reported net inflows of £7.8bn in the last financial year, up from net outflows of £1.9bn the prior year, which the company pinned on “challenging market conditions” [...]
The Cotswolds Distillery: Defining the brand of English whisky March 12, 2026 Whisky Business: City AM’s monthly look at the world of whisky. There are currently over 60 English Whisky distilleries operating across the country in various stages of evolution. There are 38 currently producing and selling spirit, with the remainder maturing new-make spirit that’s yet to hit the market. When the Cotswolds Distillery started out in 2014, [...]
Housing market struggles for momentum as Iran war looms March 12, 2026 The UK housing market is struggling for momentum as uncertainty caused by the Iran war prompts banks to hike mortgage rates and pull deals. New buyer inquiries weakened in February as 26 per cent of property professionals reported a fall in interest, up from 15 per cent in January, according to the Royal Institution of [...]
Janus Henderson Group plc Board of Directors Determines by Unanimous Vote that Victory Capital’s Proposal Is Not Superior and Reaffirms Recommendation of Transaction with Trian and General Catalyst March 11, 2026 Special Committee of Board and Its Advisors Reviewed Victory’s Non-Binding Unsolicited Proposal and Determines It Is Not in Best Interests of Janus Henderson and Its Shareholders Reaffirms Recommendation of Take-Private by Trian and General Catalyst Victory’s Proposal Not Actionable; Presents Significant Closing Risk and Uncertain Value
UK economic rebound to be short-lived as Iran war shock looms March 11, 2026 The UK economy is predicted to have seen modest growth at the start of the year while the labour market appeared to be easing and interest rates were very much on a downward path. Forecasters agreed the outlook for the UK economy looked reasonably promising, if not exciting. That was until President Trump spoiled the [...]
KBRA Assigns Preliminary Ratings to NewDay Partnership Master Trust, Series 2026-1 March 10, 2026 KBRA UK (KBRA) assigns preliminary ratings to three classes of notes to be issued under the NewDay Partnership Master Trust (Master Trust), a UK credit card ABS programme backed by receivables originated by NewDay Ltd. (NewDay) and serviced by NewDay Cards Ltd. NewDay is a UK-based consumer credit provider established in 2001 and regulated by [...]
Is AI destroying SaaS? March 10, 2026 In a world where generative AI can increasingly do the work, what will happen to Saas, asks Shamillah Bankyia.