Burnham set for crunch decision on JP Morgan’s £10bn tower July 16, 2026 Andy Burnham’s government will face a crunch decision on the future of JP Morgan’s flagship tower in Canary Wharf as it weighs whether to uphold a major tax break for the project despite opposition from industry groups. The next Chancellor will serve as the final arbiter on the framework of a business rates exemption for [...]
CFIT CEO: There’s still not enough diversity in the City July 16, 2026 Anna Wallace, CEO of the Centre for Finance, Innovation and Technology, gives us her views on the City in Square Mile and Me.
Forget Burnham, what will Starmer do next? July 16, 2026 The end of a premiership means finding an epilogue, so what will Keir Starmer’s be, asks John Oxley Around the summer parties of Westminster, the key conversation is “What will Andy actually do?” The presumptive PM has always been something of a political enigma (or weathervane, depending on your perspective). He has been out of [...]
You don’t have to be psychopathic to work in the City… but it helps July 15, 2026 The perfect CV? 60 per cent genius and 40 per cent psychopath, says author and former 'Cityboy' Geraint Anderson in today's Notebook.
Sadiq Khan urges tougher Ofcom action as UK prepares social media ban rules July 14, 2026 Sadiq Khan has called on social media companies to change algorithms that promote violent and misogynistic material, as London launches a £5m programme to tackle the effect of online harms on young people. The mayor of London also believes the state should be ready to intervene where platforms cannot or will not change their recommendation [...]
Statement on Terminating the Letter of Intent With AI Financial Corporation July 14, 2026 Statement from Matthew Nicoletti, Chief Strategy Officer, Perpetuals.com (Nasdaq: PDC), on the proposed transaction with AI Financial Corporation. “Perpetuals has decided not to further pursue the acquisition of AI Financial Corporation’s subsidiary Alt5 Sigma Canada, Inc. and the earlier letter of intent has been terminated.” About Perpetuals.com Ltd Perpetuals.com Ltd (Nasdaq: PDC) is a fintech [...]
Reeves issues warning to successor as she battles to defend record July 14, 2026 Rachel Reeves is set to issue a stern warning to her successor in Number 11 as she battles to defend her record after two years in office ahead of the overthrow of Labour’s election-winning leadership. In what is widely expected to be her final act as Chancellor before Andy Burnham is made Prime Minister next [...]
Rachel Reeves to unveil next steps for ring-fencing reform at Mansion House July 13, 2026 Rachel Reeves will outline the next steps of her ring-fencing reforms at Mansion House on Tuesday, City AM can reveal, in what is expected to be one of her last acts in the Treasury. The Chancellor will launch a consultation to seek industry input on the implementation of a package of reforms announced in May, including the [...]
Magic circle Freshfields ousts equity partners amid US push July 13, 2026 Senior staff are bracing for a shake-up at magic circle law firm Freshfields, as partners have been forced out to boost growth and fund its US expansion. The City-based firm has ousted several equity partners in recent weeks across several European offices, including London, according to the Financial Times, as it focuses on growth. Speaking [...]
As it happened: Choppy day for FTSE 100 after Iran closes Strait of Hormuz as strikes ramp up July 13, 2026 Welcome back to the City AM liveblog. Markets are returning from the weekend to face another geopolitical shock after Iran confirmed it had closed the Strait of Hormuz once more. The narrow waterway that connects the Persian Gulf with the Gulf of Oman and the Arabian Sea had slowly seen a pick up in traffic [...]