Holiday Inn owner suffers Middle East slowdown as Iran war hits tourism August 11, 2026 The owner of Holiday Inn has suffered a slump in revenue at its Middle Eastern business as the Iran war knocked the region’s tourist economy. Intercontinental Hotels Group (IHG) said its revenue per available room in the Middle East slipped by 19 per cent in the three months to June. This followed a two per [...]
As it happened: Stocks jittery as oil nears $90; Trump ‘semi-negotiating’ with Iran August 11, 2026 Welcome back to the City AM liveblog. Oil prices are marching higher for the fourth consecutive session, supported by new uncertainty between the US and Iran and continued agitation over the reopening of the Strait of Hormuz. Brent crude – the international benchmark for oil prices – was holding above $87 per barrel on Tuesday [...]
Richard Branson says UK must ‘make it easier’ to be an entrepreneur August 11, 2026 Sir Richard Branson has called on policy makers to do more to support and “champion” British entrepreneurs. The founder of Virgin Group, who launched his iconic business selling records in 1970, said the UK must go further to create an environment where entrepreneurs want to set up and run a business. Writing in City AM, [...]
Just Eat takes UK AI ordering tool across Europe August 11, 2026 Just Eat Takeaway is rolling out out its AI voice ordering tool across Europe after launching the feature in the UK earlier this year, as food delivery firms look for new ways to keep customers on their apps. The company has expanded the assistant to Poland, Spain, Austria, Italy, Belgium and Switzerland, alongside its existing [...]
Going on holiday as Prime Minister comes at a cost August 11, 2026 Prime Ministers too deserve a holiday, just maybe not while your party's still fighting for survival, writes Michael Martins.
Infantino crisis shows football needs independent non-exec, says ex-Fifa advisor August 11, 2026 The crisis at the top of world football has again shown the need for independent non-executive directors, says former Fifa and Uefa advisor Ebru Koksal. Fifa president Gianni Infantino is staring down calls to quit over his secret plans to sell stakes in a new commercial entity that would manage the World Cup to private [...]
Boutique London advisory firm lands £8m funding amid M&A frenzy August 11, 2026 A boutique M&A advisory firm has landed £8m in fresh funding as it seeks to capitalise on a wave of takeover activity, City AM can reveal. London-based Lava Advisory Partners, which was founded in 2020, secured the debt finance from specialist SME lender Beechbrook Capital. The B Corp-certified firm said it would use the cash [...]
Top economists shun Burnham over wealth taxes August 10, 2026 Economic heavyweights who were reported to be advising Andy Burnham have opted not to join his government due to disagreements over potential wealth taxes, it has been reported. Lord Jim O’Neill, the former Goldman Sachs executive, is in ongoing talks with Burnham over a potential role, City AM reported last week. Fresh reports have suggested [...]
The World’s Largest AI Companies Built Deployment Arms This Year. Harbor Built One for Law August 10, 2026 Harbor Deploy is the first AI deployment offering built exclusively for law firms and corporate legal departments, bringing the embedded-engineering model now reshaping enterprise AI to the industry where confidentiality, professional judgment, and duty to the client are non-negotiable.
Brightfin Appoints Preeti Shukla as Chief Product and AI Officer August 10, 2026 Enterprise AI SaaS leader to accelerate Brightfin's AI-Native platform for IT financial management