Supermarkets call on Chancellor to ‘bring inflation to heel’ October 27, 2025 Britain’s largest supermarkets have called on Rachel Reeves to exclude all shops from upcoming changes to to business rates, warning that any hikes to their input costs would further stoke food inflation that is already at over double the Bank of England’s target. In an open letter to the Chancellor, bosses from the UK’s nine [...]
These are the City’s four key recommendations for the Budget October 27, 2025 Financial services should remain VAT-free. The bank levy and surcharge should be phased out over time. And stamp duty on UK shares should be abolished, says Chris Hayward A month from now, the Chancellor faces a selection of stark choices. The easiest among them should be whether to supercharge the UK’s financial services sector – [...]
The compromising iPad photos that dragged a London quant trader to court October 25, 2025 It’s never easy moving jobs in the Square Mile – especially for the higher ups. Once you reach a certain seniority, your employer frets over the threat posed if you jump ship – what strategic information you could take with you. That was true for a London-based quant firm called G-Research, after one of its [...]
Private equity in NFL incredibly successful, commissioner Goodell says October 24, 2025 Private equity sales in the NFL have been “incredibly successful”, according to the American football league’s commissioner Roger Goodell. It comes after the league voted to allow NFL franchise stakes to be sold to the sector for the first time in 2024. Those stakes are capped at 10 per cent of a franchise but are [...]
Petroineos: Sir Jim Ratcliffe-backed energy giant loses $250m October 24, 2025 Petroineos, the energy trading company backed by Sir Jim Ratcliffe, lost $250m (£187.5m) in 2024 as it slumped into the red for the first time since 2020, it has been revealed. The Jersey-based business has reported the pre-tax loss after posting a profit of $30m in 2023. The results for the previous financial year were [...]
Natwest shares jump after cost-cutting boosts profit October 24, 2025 Natwest stock surged in early trading this morning after the lender posted a major bump in third-quarter profit following its cost-cutting regime. The FTSE 100 giant’s operating profit before tax surged over 30 per cent in the third quarter to £2.2bn, up from £1.7bn last year. Shares were up over five per cent as markets [...]
Treasury’s LLP tax proposal could add £46,000 burden per partner October 23, 2025 Law firms’ partners could face an additional £1.4bn in tax each year if the Treasury goes ahead with imposing a 15 per cent rate of national insurance contributions on LLPs. According to data provided by HMRC to UHY Hacker Young, partners of law firms made a total of £9.2bn in profits in the latest year. [...]
Autumn Budget: Reeves told avoid ‘pick and mix’ tax grabs October 23, 2025 Ahead of the Autumn Budget, City Reporter Samuel Norman sits down with top industry names for a Budget Briefing. This week, the managing director of TheCityUK warns Reeves not to patch up the tax tire just for it to deflate once more. The Chancellor has touted financial and professional services for their role “at the [...]
St Paul’s on bringing art into the Cathedral: ‘It was Marmite. Some worshippers said they’d leave’ October 22, 2025 This evening earmarks the inaugural Toast the City awards – the first ever ceremony celebrating Square Mile culture – and as City AM staffers bunk off work to smarten up, the Dean of St Paul’s Cathedral is bestowing us with his good wishes. The Cathedral has been nominated in our Best Coffee and Best Cultural [...]
Toast the City finalists: Who will win Best Breakfast? October 22, 2025 The Toast the City Awards are here to celebrate the very best in hospitality of placemaking in the Square Mile. On the eve of the big night, we are highlighting each of the 138 finalists who have beaten off competition from more than 2,000 entrants. First up is the Best Breakfast category, a hotly contested [...]