Would a £10bn VAT cut really save hospitality? June 20, 2026 Calls for the government to slash VAT on hospitality firms have been backed by pub and restaurant bosses, and Prime Minister hopeful Andy Burnham. What would this tax break really mean for the economy? The UK’s pubs, hotels and restaurants say they are at breaking point. Higher business rates, hikes to national insurance and minimum [...]
Ryanair hands O’Leary six-year extension June 19, 2026 Ryanair boss Michael O’Leary is set to remain in his role as chief executive for another six years after agreeing a fresh contract with the budget airline, including an enormous pay packet that could see him handed 10m additional shares. The Dublin-based carrier said the veteran chief executive’s contract will run until April 2032, following [...]
Fogo de Chao nominated for Best Casual Dining Toast award June 19, 2026 We have launched the Toast the City awards 2026 and throughout the year we’ll be speaking to some of our nominees – this week it’s Brazilian restaurant Fogo de Chao at Bishopsgate. To vote for your favourite Square Mile spots for the 2026 awards, from bars and restaurants to galleries and green spaces, visit the [...]
Bank of England unveils Armageddon stress test scenario ‘more severe than the financial crisis’ June 19, 2026 The Bank of England is poised to probe how private markets’ respond to a theoretical financial Armageddon scenario in which stocks plummet and prices soars that industry figures have said is more severe than the global financial crisis. Watchdog officials will scrutinise how alternative asset managers react to the scenario’s five-year downturn in financial conditions [...]
SET Ceramics nominated for Best Newcomer Toast award June 19, 2026 We have launched the Toast the City awards 2026 and throughout the year we’ll be speaking to some of the nominees – this week it’s the team at SET Ceramics. To nominate your favourite Square Mile spots for the 2026 awards, from bars and restaurants to galleries and green spaces, visit the Toast the City website [...]
Should museums in London start charging (again) for entry? June 19, 2026 Our museums are struggling to scrape by – but is charging admission really the answer? Eliot Wilson weighs up the arguments Neil MacGregor celebrated his 80th birthday this week. The Glasgow-born art historian, considered by Sir Anthony Blunt at the Courtauld Institute the most brilliant pupil he ever taught, has exercised an enormous influence on [...]
AllianzGI chief executive warns of AI ‘socialism’ as investors lean on chatbots June 18, 2026 The chief executive of one of Europe’s largest asset managers has urged investors to avoid being over-reliant on general online chatbots to manage their portfolios, as it increases the risk of losses. Speaking at AllianzGI’s media day in Frankfurt, Tobias Pross, chief executive of AllianzGI, warned that relying on public online models, such as Claude, [...]
Janus Henderson Announces Receipt of Required Regulatory Approvals and Client Consents Following Resounding Shareholder Approval of the Trian and General Catalyst Take-Private Transaction June 18, 2026 Anticipates June 30, 2026 Closing Date
Linvo Sets Sights on AI-Led Wealth Management, Opens AI Advisor Roles for 2026 June 18, 2026 Linvo AG, a Zurich-based multi-family office and wealth management firm, today set out its vision for the year ahead, naming applied artificial intelligence as the centre of its strategy for 2026 and opening a new set of AI advisor roles to deliver it. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260618933521/en/ The [...]
Conservatives will slash the regulations holding the City back June 18, 2026 The reforms Kemi Badenoch announces today will see the end of ringfencing and the end of an unfair international disadvantage imposed through capital requirements set by regulators. This is only the start. We will go further, says Andrew Griffith If, like me, you left university to work in the city in the 1990s, you will [...]