London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Millions more to get financial advice as part of FCA red tape shake-up December 11, 2025 More than 18m savers will benefit from more detailed advice on their investments and pension in the next decade as part of a radical shake-up of financial red tape that the City watchdog has hailed as “game-changing”. The Financial Conduct Authority’s ‘targeted support programme’ will give financial services firms the ability to give tailored suggestions [...]
FTSE 100 Live: BoE rate decision in focus after Fed cut December 11, 2025 Good morning from the City AM liveblog team. Last night the US Federal Reserve met and agreed to lower interest rates by a quarter-point to between 3.5 and 3.75 per cent. But it was far from a tranquil meeting, with policymakers battling it out over whether to prioritise high inflation or a poor labour market. [...]
Rachel Reeves is running out of places to hide December 11, 2025 If clarity is not restored soon, both markets and the public will conclude that the disorder surrounding each fiscal event is not a passing miscommunication but a structural feature of the Chancellor’s approach, says Helen Thomas “It didn’t exist”. “This wasn’t true”. “It was not signed off by me”. “I honestly couldn’t tell you what [...]
The Capitalist: Feeling Bullish Lord Cameron? December 11, 2025 David Cameron’s selective memory, a smooth landing for Andrew Bailey and a lack of Christmas spirit at ARM in this week’s Capitalist David Cameron recently celebrated the 20 year anniversary of his election as leader of the Tory party, which he won on a platform of modernising the Conservatives. His days in the notorious Bullingdon [...]
Leon to close sites and cut jobs as it enters administration December 10, 2025 Fast-food chain Leon is set to enter administration, close a number of locations and cut jobs as part of a bid by its new owner to turn around the struggling chain. The company was bought back by co-founder John Vincent last month from Asda in a deal reported to be between £30m and £50m, well [...]
Rachel Reeves: Leak to the FT was inaccurate December 10, 2025 Chancellor Rachel Reeves slammed briefings provided to media outlets in the lead-up to the Budget as she referred to a specific Financial Times news report which had “partial and inaccurate” information. In a Treasury Select Committee hearing on Wednesday morning, the Chancellor hit out at leaks in the months leading up to the Budget, adding [...]
Less jargon, more advice: FCA rises to pro-growth challenge December 10, 2025 With a flurry of announcements ahead of the new year, the FCA is rising to the government’s growth mandate, writes Ali Lyon. For many of the men and women in charge of the UK’s largest financial regulator, a grey cloud will have hung heavy over any festivities last Christmas. Just a day before the seasonal [...]
Club L London founder shares huge pay day after record profit December 10, 2025 Club L London has issued a huge pay day after profit at the fashion retailer surged to a new record, it has been revealed. Katie Randev, who leads the Manchester-headquartered business as chief executive, is in line to share a dividend of £3.7m for its latest financial year, new accounts filed with Companies House show. [...]
Will Andrew Bailey be Santa or Scrooge this Christmas? December 10, 2025 The Notebook, where the City’s movers and shakers have their say, Today it’s Susannah Streeter with the pen Christmas spirit seems to have spread a lot faster this year. I’ve never seen so many trees up in windows quite so early and there seem to be more lights twinkling in the streets. After months of [...]
Interest rates: Bank of England hawks to ‘look through’ Budget’s disinflation December 9, 2025 Bank of England policymakers struck a hawkish tone on the future path of interest rates despite acknowledging that the upcoming Budget would lower inflation. Appearing before MPs on the Treasury Select Committee, Bank staff analysis agreed with the Office for Budget Responsibility (OBR) that measures in Rachel Reeves’ November statement would strip 0.5 percentage points [...]