Revolut and Monzo urge Healey to raise bank tax threshold September 28, 2026 Revolut, Monzo and Shawbrook are among a raft of challenger banks calling for John Healey to raise the threshold at which UK lenders are hit with an additional tax grab. The group – which also includes Investec, Aldemore and OSB – have written to the Chancellor ahead of the Budget in a bid to remove [...]
Miliband: ‘We cannot leave it to corporations’ as UK takes on Big Tech over AI September 28, 2026 Ed Miliband has vowed Britain will use its G20 presidency next year to push for global rules on AI, warning governments “cannot leave it to corporations” to police the technology. The foreign secretary said the economic potential of AI was “inspiring” but warnings from the companies developing the technology meant governments needed to act. “The [...]
Drama in the City as Lord Mayor frontrunner pulls out over ‘criminal proceedings’ facing close associate September 28, 2026 The frontrunner to become the next Lord Mayor of the City of London has abruptly withdrawn his candidacy after a close business associate was hit with criminal proceedings, City AM understands. Tim Hailes, a former JP Morgan banker who became a City alderman in 2013, took the decision to step aside late last night in [...]
Consultancy firms told to step up as bosses threaten to cut ties September 28, 2026 Stretched corporates are under pressure and looking to slash costs – and consultancy firms are in the firing line, writes Maria Ward-Brennan. The golden age of post-pandemic consulting is fading, leaving traditional advisory firms with a clear ultimatum: innovate or be replaced. The next generation of executives is pushing to reduce dependence on external consultants. [...]
The City’s contribution cannot be taken for granted September 28, 2026 Growth in London or the regions is not a zero-sum game. The success of the City is good for the whole country, writes Chris Hayward.
Abacus Global Management Completes Landmark $400 Million Securitization September 25, 2026 ~ Dual-tranche structure and investment-grade rating reflect a maturing securitization platform ~ ~ Transaction was oversubscribed and upsized amid strong demand from institutional fixed income investors ~ ~ Closing advances Abacus’s shift toward recurring, fee-related revenue ~
Eaton signs agreement to acquire COL Group, expanding manufacturing capacity and capabilities for data center and utility markets in EMEA September 25, 2026 Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire COL Group from Oaktree’s Power Opportunities strategy. COL Group is a leader in medium-voltage electrical distribution solutions, including SF₆-free switchgear, grid automation technologies and modular power systems. The acquisition will expand Eaton’s European power distribution capabilities and manufacturing footprint, enhancing [...]
AngloGold Ashanti Plc Announces Appointment of Non-Executive Director September 25, 2026 AngloGold Ashanti plc (the “Company”) (NYSE: AU; JSE: ANG) is pleased to announce the appointment of Paul Graves as an independent non-executive director of the Company with effect from 1 October 2026. Mr. Graves will serve as a member of the Audit and Risk Committee and the Social, Ethics and Sustainability Committee. Mr. Graves has [...]
The Building Safety Levy will cost eight times more in London than County Durham September 25, 2026 The new Building Safety Levy, introduced to pay for historic fire safety defects, will make many new developments unviable, especially in London where they are needed most, says Mark Holloway The introduction of the Building Safety Levy (BSL) marks a shift in how the government funds the remediation of historic building safety defects. Due to [...]
Class action vehicle lawsuit settles at £55m less than original value September 24, 2026 A class action lawsuit representing millions of UK motorists and businesses affected by inflated shipping fees has settled for £57m less than its original £150m target. The claim, brought by class action representative and former Which? campaigns specialist Mark McLaren, alleged that from October 2006 to September 2015, leading European shipping companies had breached competition [...]