Asda credit card firm Jaja Finance warns of ‘material uncertainty’ over going concern status October 7, 2025 The firm behind the Asda credit card has warned of “material uncertainty” over its ability to continue as a going concern after reporting widening losses, City AM can reveal. Jaja Finance, a fintech co-owned by billionaire Mohsin Issa and private equity firm TDR Capital, said it had “substantially advanced” but not yet completed a new [...]
Business chiefs would be ambassadors if Tories re-elected October 4, 2025 Business chiefs would be made ambassadors to represent the UK’s interests abroad if the Tories were re-elected into government. Leaders from the private sector would be part of a “cultural revolution towards commerce” under a Conservative government, according to shadow business secretary Andrew Griffith and shadow foreign secretary Priti Patel. In an article for the [...]
BT urges government action amid standalone 5G rollout October 2, 2025 BT has called on the UK government to remove regulatory barriers and accelerate mobile network expansion. The call comes as the FTSE 100 giant announced plans to deliver standalone 5G (5G+) coverage to 99 per cent of the UK population by 2030, four years ahead of rival operators’ stated projections. Speaking at the Connected Britain [...]
There is a way back for the Conservatives October 2, 2025 The Tories have been quiet of late, pushed to the margins of the post-summer political debate and either mocked or ignored by the other parties whose conferences have sucked up the airtime in recent weeks. But this weekend they gather in Manchester and while the event won’t command the nation’s undivided attention it is a [...]
Selfridges: Losses slashed despite revenue hit October 1, 2025 Losses at luxury department store chain Selfridges have been slashed during its latest financial year despite its revenue taking a hit. The business, which has UK stores in London, Birmingham and two in Manchester, has posted a pre-tax loss of almost £16m for the 48 weeks to 4 January, 2025. The latest figure comes after Selfridges’ [...]
What happened to high heels? The new face of female corporate fashion September 30, 2025 There’s been a quiet revolution in corporate fashion, with the post-Covid workforce ditching stilettos for sneakers. For the Autumn edition of City AM The Magazine, Dr Eliza Filby surveys the footwear landscape Back in the 1990s, the image of a corporate woman rushing to the office with trainers hastily slipped over tights – formal footwear [...]
Wembley Park developer slashes losses by over £600m September 30, 2025 Losses at the company behind the transformation of Wembley Park in London were slashed by more than £600m during its latest financial year, it has been revealed. Quintain has posted a pre-tax loss of £109.5m for 2024, new accounts filed with Companies House show. The loss is down significantly from the £721.7m pre-tax loss it [...]
Deloitte: Profit up despite revenue slip amid ‘tougher market’ September 30, 2025 Profit at the UK arm of Big Four giant Deloitte rose during its latest financial year despite its revenue falling as it made “changes” to its structure. For the year to 31 May, 2025, Deloitte posted a revenue of £5.68bn, down from the £5.75bn it raked in during the prior 12 months. However, despite the [...]
Will we mourn the loss of WH Smith from the high street? September 29, 2025 So long then, WH Smith, a firm which has graced our high streets for more than a century – even though it never intended to. Founded as a small newspaper kiosk in Mayfair in 1792, the business grew massively in the mid-19th century, spurred by the rapid expansion of the railways, which allowed consumers up [...]
Will the ‘Brit card’ ID redefine privacy in the UK? September 29, 2025 Just last week, Prime Minister Keir Starmer announced plans for a new digital ID system, or so-called ‘Brit card’, aimed to provide UK citizens and legal residents with a smartphone-based identity card. By the end of the current parliament in 2029, digital ID is set to become mandatory for ‘right to work’ checks. The government [...]