Microsoft negotiations threaten to delay OpenAI’s restructuring August 27, 2025 OpenAI’s plan to restructure its business and raise billions in new funding is being stalled as it remains locked in complex negotiations with its largest investor, Microsoft. The ongoing talks, which could extend beyond the end of the year, as reported by the Financial Times, centre on key points of contention that could impact the [...]
UAE buyers swoop on cheap London prime property August 26, 2025 Wealthy buyers from the UAE are swooping on prime properties in central London, according to new data. UAE nationals accounted for three per cent of overseas buyers in prime central London in the year to July, up from 0.6 per cent the previous year, according to Knight Frank. “The uptick in interest from the Middle [...]
Bunzl: FTSE 100 giant hit by Rachel Reeves’ tax grab August 26, 2025 Profit at distribution titan Bunzl took a hit in the first six months of 2025 as challenging economic conditions weighed on the firm’s books. The FTSE 100 giant’s adjusted operating profit came in at £404.5m for the half, an 11.2 per cent drop from £455.5m for the same period the year prior. Despite this shares [...]
Business rates ‘double whammy’ to cost English companies billions August 26, 2025 Businesses in England are to face an “unavoidable double hit” to their property tax payments next year, which will see total payments surge by about £2.5bn, according to new figures. Analysis from global tax firm Ryan indicated that inflation and a government tax change will combine to drive up business rates bills further. Business rates [...]
Hospitality bears brunt of job losses since October budget as costs rocket August 25, 2025 Over half of all job losses in the UK since last October’s budget have been in hospitality as the sector struggles under the weight of rising costs, according to new data. Of the 164,641 job losses in the UK since the Budget last October, almost 89,000 have been lost in hospitality. The scale of job losses [...]
My favourite Nasdaq-listed, Chinese-owned, Cayman-incorporated Scottish castle August 22, 2025 A question: what’s the fastest-growing hotel group in Britain? You might opt for Premier Inn, the Whitbred-owned budget chain that’s set to open more than 1,000 new rooms this year. A wildcard choice might be Yotel, the group set up by Yo! Sushi man Simon Woodroffe that’s ballooned from a single site in 2007 to two dozen [...]
Commuter Convenience Without The Price Tag Three-stop tube journey delivers huge property price savings at Stories Wharf August 22, 2025 Just three stops from Canary Wharf, Stories Wharf by Hyde New Homes is challenging London’s sky-high property prices with quality, value-for-money riverside living in Newham. Located in an area set to benefit from the impressive Royal Docks regeneration plan—delivering a vibrant new neighbourhood and dynamic business hub—this striking new development offers shared ownership homes at [...]
Shared Ownership Week – Interview with Angela Barry, Sales Manager at SNG August 22, 2025 To mark Shared Ownership Week in City AM, we sat down with Angela Barry, Sales Manager at Sovereign Network Group, to get her views on Shared Ownership in the current market. Why is 2025 the right time to try shared ownership? At the moment, Shared Ownership is one of the only options for buyers that [...]
New property tax will mean more over-65s living in family homes they don’t need August 21, 2025 More than half of Brits living in homes too big for them. We need incentives for over-65s to downsize, not punitive property taxes.
Week in Business: Will Reeves Launch a Massive Tax Raid on Property and Pensions? August 21, 2025 Christian May interrupts your holiday with grim news on another punishing round of tax hikes coming in the Autumn.