Workspace slashes dividend as profit plummets amid new boss’ shake-up June 10, 2026 Real estate group Workspace slashed its dividend in the latest financial year as the firm plunged to a hefty loss. The FTSE 250 company posted a £120.5m loss before tax, from £5.4m last year, which was driven by nearly £160m in write-downs of property valuations amidst a changing strategy. New boss Charlie Green – who [...]
Oxford St vs the Square Mile: a tale of two cities June 10, 2026 The Square Mile has reinvented itself in recent years, but West End politicians must stop blocking common sense if Oxford Street has a chance of mimicking the City’s success, says Andrew Teacher Back when Netflix was still posting DVDs through letterboxes, the £6m Marble Arch Mound would have handed the writers of Brass Eye and [...]
Portugal holidays: why The Algarve offers so much more than just beaches June 9, 2026 The Algarve beyond the beaches, by Jack J Matthews The prospect of walking 300 km is intimidating. But even the longest, most challenging of journeys begins with a single step, and as long as one foot keeps following the other, you will have covered a good distance in no time. This, at least, was the [...]
Pat McFadden: I have not apologised to Rachel Reeves over ‘tax to pay benefits’ text June 8, 2026 Welfare secretary Pat McFadden has doubled down on his remarks unearthed in the Mandelson files that “every meeting [he has] is ‘who can we tax in order to pay benefits to others’”. The Cabinet minister was among numerous top officials to have his private messages released in documents relating to Lord Mandelson’s stint as the [...]
Squarepoint commits £430m to huge London office move after profit soars June 8, 2026 One of London’s biggest investment firms has committed £430m to a major office move as the firm doubles down on its presence in the Square Mile. Squarepoint Capital, which was previously a subsidiary of Barclays before being spun off in 2014, is set to move to a redeveloped 400,000 square foot, 12-storey office on Gresham [...]
City law firm boosts junior lawyer salaries to £189k in London June 5, 2026 City-based law firm Quinn Emanuel has increased salaries for its most junior lawyers by 5 per cent for the 2026 financial year, as its London office aligns with pay increases at its US counterparts. Effective from 1 July 2026, London associates’ salaries will increase 5 per cent across the board, with newly-qualified (NQ) lawyers set [...]
Gone for good: UK distributor behind Take That film goes bust June 4, 2026 The London-based distributor behind the Take That musical film has gone bust, City AM can reveal, in the latest sign of the intense cost pressures facing the industry. Elysian Film Group Distribution is part of the wider Elysian umbrella, founded by former Studiocanal chief Danny Perkins in 2018. FRP Advisory has been appointed as liquidators [...]
Alkermes to Present New Data on Alixorexton and LUMRYZ® (sodium oxybate) at SLEEP 2026, Highlighting Breadth of Sleep Medicine Research June 4, 2026 — 26 Abstracts Accepted Demonstrate Alkermes’ Commitment to Advancing Understanding and Treatment of Narcolepsy and Idiopathic Hypersomnia — — Detailed Positive Results from Vibrance-2 Phase 2 Study of Alixorexton, an Orexin 2 Receptor Agonist, in Patients With Narcolepsy Type 2 to be Shared in Oral Presentation —
King Charles’ cleaner ups dividend after revenue surge June 4, 2026 The official cleaner for King Charles III has upped its dividend as the facilities management business said it was able to get its customer base to dig deeper into their wallets. FTSE 250 member Mitie, which was recently awarded a Royal Warrant by appointment by Charles for services to the Royal Household, is to issue [...]
Global Millionaire Population Jumps by Nearly 2 Million in 2025, Driven by Strong Stock Market Performance Worldwide June 4, 2026 U.S. adds 736,000 new millionaires — more than any other market — to reach 8.7 million Ultra-high-net-worth individual population expands 9.4%, the fastest-growing wealth segment for second consecutive year Most HNWIs (88%) work with multiple wealth management firms specifically to access better alternative investment opportunities Three-in-four advisors want AI to automate routine work so they can focus on client relationships