Lloyd’s underwriters seek to halt £45m legal cover for Petrofac bribery defendants October 15, 2026 A group of Lloyd’s syndicates have sought to block £45m in defence funding for two former Petrofac executives facing a criminal bribery trial. The group of syndicates provided directors’ and officers’ (D&O) insurance coverage to Petrofac’s former chief operating officer, Marwan Chedid, and former chief operations officer George Salibi. Chedid and Salibi rely on Petrofac’s [...]
Healey’s £1bn London office raid would be ‘attack on growth’ October 15, 2026 John Healey’s potential £1bn raid on London offices would be an “attack on growth” and deal a huge blow to the City, property firms have warned. The Chancellor is weighing up an increase to business rates for expensive office blocks and skyscrapers which would raise £1bn for the Treasury but disproportionately hit the capital’s business [...]
Coty Launches Global Fragrance Club, a New Community for the Voices Shaping the Future of Fragrance October 15, 2026 New initiative brings fragrance experts, educators, creators and community leaders together with Coty’s fragrance teams
Big Four scoop £1.5bn in government contracts despite Labour’s pledge to cut spend October 15, 2026 The Big Four have collectively secured over £1.5bn in public contracts so far this year despite the UK government’s pledge to cut spending on external consultants to save taxpayers’ money. An investigation by market intelligence platform Tussell found the government has awarded KPMG, Deloitte, EY and PwC over £1.5bn in contracts so far in 2026, [...]
Smarsh Taps Former ACI Worldwide Executive Alessandro Silva as Chief Growth Officer to Drive Next Phase of Global Expansion October 15, 2026 In a newly created role, Silva will lead Smarsh’s commercial strategy as the company scales across international markets
ClearBank CEO: If there’s a fire, run towards it October 15, 2026 Mark Fairless, CEO at ClearBank Group, takes us through his career, from Tesco to fintech, in today's Square Mile and Me.
Starling warns UK risks being ‘second in the queue’ on AI October 15, 2026 Britain risks becoming “second in the queue” for AI unless it invests more in domestic infrastructure, a government AI adviser has warned, as Starling Bank becomes the first lender to train an AI model on a UK sovereign cloud. Harriet Rees, Starling’s chief information officer and the Treasury’s AI champion for financial services, warned that [...]
The Capitalist: Burnham’s hiring spree, cyclist crackdown and a non-Banksy Banksy October 15, 2026 Hasty hiring, cyclists being shamed and a non-Banksy Banksy; catch up on the latest City gossip in this week's edition of The Capitalist.
Don’t congratulate Sadiq Khan for delivering the transport London needed 10 years ago October 15, 2026 So far, Sadiq Khan's only transport achievements have been to cut the ribbon on new projects that his predecessors started, writes James Ford.
American Airlines sues London travel consortium October 15, 2026 Aviation titan American Airlines and one of its special purpose vehicles have filed a lawsuit against a group of British travel agents at the London High Court. The US airline and its subsidiary, AAdvantage Loyalty IP, filed a claim against against Advantage Travel Centres on Tuesday, according to filings in the High Court’s Intellectual Property [...]