Property tax uncertainty causes London luxury rents to soar September 21, 2026 Uncertainty over how the government might shake up property taxes at next month’s Budget is contributing to huge increases in the cost of renting a luxury house in London. Luxury property experts said fears that Andy Burnham could crack down on high-value homes, along with an influx of demand from the US and the Middle [...]
JD Sports launches in Mexico amid North American slowdown September 21, 2026 JD Sports has announced plans to open more than 140 shops in Mexico, as the ‘King of Trainers’ battles to halt falling sales and move on from a recent boardroom bust-up. The FTSE 100 retailer said it has reached an agreement with Axo, a Mexico-based retail distributor, to operate its stores in the country. JD [...]
Labour mansion tax raid to hit homes worth £1.5m September 20, 2026 The government is considering plans to lower the mansion tax threshold to properties worth over £1.5m, a move that would hit nearly 300,000 homes. Labour originally announced the tax on properties worth more than £2m in last year’s Autumn Budget by former chancellor Rachel Reeves. Properties over this valuation are set to pay a £2,500 [...]
Drone strikes and noise disputes: The soaring risks of the global data centre boom September 18, 2026 As data centres scale, consume more power, and draw tighter community scrutiny, insurance risks are becoming increasingly complex. As AI infrastructure grows, so do legal risks: large lawsuits involving data centres more than tripled from four in all of 2021 to 14 in the first half of 2026, according to a Howden report. Planning and [...]
KBRA Assigns Preliminary Ratings to Harben Finance 2017-1 Plc September 18, 2026 KBRA UK (KBRA) assigns preliminary ratings to nine classes of notes issued by Harben Finance 2017-1 Plc (Harben 2017-1), a static RMBS securitisation collateralised by seasoned buy-to-let (BTL) mortgage loans. The portfolio, aggregating £512.1 million in current balance, consists of BTL loans secured by first lien residential properties located in England and Wales. Harben Finance [...]
Mark my words: tax rises are coming September 18, 2026 After Rachel Reeves’ tax raids of over £40bn in her 2024 Budget and £26bn in the 2025 edition, it should be inconceivable that John Healey will come back for more. Yet all the sights point in that direction, says Emma Revell No City AM reader could be unaware that Britain’s current economic outlook is not [...]
GasEntec Receives Approval in Principle from Lloyd’s Register for 1 Bcf/d Multi-Mode Regasification System, Among the World’s Largest and Most Flexible FSRU Designs September 17, 2026 GasEntec, the global LNG technology and assets company, announced it has received Approval in Principle (AiP) from Lloyd’s Register for the design of a 1 billion cubic feet per day (Bcf/d) liquefied natural gas (LNG) floating storage and regasification unit (FSRU) integrating a multi-mode regasification system. The AiP follows an independent concept-stage review by Lloyd’s [...]
As it happened: FTSE 100 soars after Bank of England holds interest rates September 17, 2026 Welcome back to City AM‘s FTSE 100 liveblog. Investors responded positively to the Bank of England’s widely tipped decision to leave interest rates unchanged at 3.75 per cent on Thursday. Bank of England Governor Andrew Bailey said that volatile energy prices caused by the Iran war will push inflation up further than its current 3.1 [...]
London house price slowdown worsens as luxury areas lose value September 16, 2026 House prices losses in London accelerated in June as the capital’s most sought-after postcodes shed value again. The average house price in London dropped by 3.3 per cent in July to £550,000, worse than June’s 2.5 per cent fall, according to the Office for National Statistics (ONS). The capital’s most affluent postcodes have suffered sharp [...]
Winkworth warns on profit citing family boardroom bust-up September 16, 2026 London estate agent Winkworth has warned on profits for the year ahead, citing the legal costs tied to a boardroom family feud that has led its chief executive to take his father to court. The Aim-listed company, which is one of the UK’s oldest estate agents and specialises in high-end properties in boroughs like Pimlico, [...]