Chelsea’s Club World Cup winners’ prize? A £10m US tax bill July 16, 2025 Chelsea will be hit with a US tax bill of around £10m as a result of winning the Club World Cup on Sunday. The stunning 3-0 win over Paris Saint-Germain in New York last weekend ensured Chelsea will receive £85m in prize money from competition organiser Fifa. Some £39.7m is to be paid immediately and [...]
City raises a glass to Reeves’ reforms July 16, 2025 The City may have been a bit damp and grey yesterday but the Chancellor appeared as a welcome ray of sunshine. At City AM, we haven’t held back in our criticism of this government’s economic policies – and we’ll return to that theme before long, I’m sure – but we also believe in giving credit [...]
How artisan mezcal brand Zacal is hoping to storm the UK’s alcohol market July 16, 2025 If you’ve been to a London bar recently, chances are you’ve seen a mezcal margarita on the menu. Having already found popularity in the US, the once-small market is rapidly expanding into the UK, helped by a shift towards ‘less but better’ consumption. Zacal is one of the brands hoping to make the most of [...]
Tim Robinson and Paul Rudd star in cringe comedy Friendship July 15, 2025 Produced by indie darlings A24, Friendship is the debut starring role for Tim Robinson, best known for hit Netflix sketch show I Think You Should Leave. The show propelled the comedian to TikTok stardom, becoming the punchline of the viral “I’m doing my part” meme and having catchphrases from the show enter social media vernacular. [...]
OBR chief says higher tax is ‘not good’ for growth – or the government July 15, 2025 Chancellor Rachel Reeves risks harming the UK economy’s potential to grow by inflicting extra tax hikes on Brits, the fiscal watchdog has warned, adding that the government risks losing out on returns in the longer run. Rachel Reeves looks poised to raise taxes at this year’s Autumn Budget as leading City analysts believe the higher [...]
Exclusive: BBC makes late swoop for Open highlights deal July 15, 2025 The BBC has secured a last-minute deal to show evening highlights of the Open Championship at Royal Portrush this week. The R&A has agreed a new three-year deal with the BBC for highlights in a contract that also covers the Women’s Open, starting with the 2025 edition at Royal Porthcawl at the end of the [...]
Experian: UK revenue stalls as global growth surges July 15, 2025 Experian delivered a strong first-quarter performance for 2025, with total revenue up 12 per cent and organic growth hitting eight per cent – at the top end of the company’s guidance. But while the global data and technology giant posted strong numbers across North America, Latin America and EMEA, its home UK market continued to [...]
UK firms unprepared for Companies House crackdown July 15, 2025 Significant changes are set to come into effect at Companies House over the next few months, but new research shows most managers are unprepared for the transition. With key provisions of the Economic Crime and Corporate Transparency Act (ECCTA) about to take effect, new research from Vistra reveals that only 28 per cent of UK [...]
Exclusive: Panmure Liberum to ‘reinvigorate’ City market with banking tie-up July 15, 2025 Investment bank Panmure Liberum has joined forces with Nedbank in a push to expand their reach across equity capital markets and drive dual-listings across the UK and South Africa. London-headquartered Panmure will collaborate with Nedbank’s corporate and investment banking division to produce equity research across UK and South African markets. The deal aims to provide [...]
FCA plots regulatory bonfire to lower costs of raising capital July 15, 2025 The Financial Conduct Authority is to pare back its onerous capital raising rules as part of a regulatory bonfire aimed at helping firms grow faster. Under fresh rules set to take effect in January, the requirement to produce a prospectus for public secondary share raises will be upped from 20 per cent to 75 per [...]