As it happened: Stocks shrug off stalling Iran peace talks; OBR warns Reeves June 2, 2026 Good morning and welcome back to the City AM liveblog. Markets were rocked yesterday after reports emerged from Iranian state media that Tehran was pulling out of peace talks with the US. A proposal that included a 60-day cessation of violence and a play to re-open the Strait of Hormuz has hung in the balance [...]
Black Sheep Coffee founder: ‘The Square Mile is a magical place’ May 19, 2026 Black Sheep Coffee was founded in the Square Mile but has now expanded across the world. Its co-founder tells Felix Armstrong about his roots in the City Gabriel Shohet is a company man. The Black Sheep Coffee founder enters the meeting room at the coffee chain’s Southwark offices clad in a branded hoodie, with a [...]
Tube strikes called off in last-minute U-turn May 18, 2026 This week’s round of London tube strikes have been called off in a last-ditch reversal by the drivers’ union. The strikes were due to cover two 24-hour periods later this Week, from 12pm on Tuesday and 12pm on Thursday. The industrial action was called by the Rail, Maritime and Transport (RMT) union over Transport for [...]
Bentley Bentayga Speed: The maddest, baddest SUV you can buy May 15, 2026 Bentley has long been synonymous with luxury, but the British marque seems determined to dial up the sporting side to its character. Last year, Bentley unveiled the Supersports, a lightweight, rear-driven road racer. A ‘FULL SEND’ video, with Travis Pastrana driving fast and sideways around the company’s campus in Crewe, introduced the 666hp coupe to [...]
Lime races SpaceX and OpenAI to IPO as revenues soar May 11, 2026 Lime, the Uber-backed e-bike giant, filed for a Nasdaq listing over the weekend, joining a growing cohort of tech giants racing toward public markets this year. The Silicon-Valley based micromobility titan, known for its ubiquitous green bikes, plans to list on Nasdaq this year, following revenues jumping 29 per cent to $886.7m (£665m) in 2025, [...]
Gary Stevenson is predictably wrong about wealth taxes May 6, 2026 Wealth taxes, as promoted by the likes of Gary Stevenson and Zack Polanski, are a terrible idea. Let’s make Britain rich instead, says Kristian Niemietz Wealth taxes are currently all the rage. Over the past few years, a massive hype has built up around the idea: 75 per cent of the public say they support [...]
Strikes have no place in a competitive market economy April 23, 2026 There is no reason why Tube drivers on objectively high incomes with working conditions many would kill for are able to force their employers to ask of them even fewer hours and even more pay – and the employers are forbidden by the state from simply hiring other people, says Tom Harwood I’m just going [...]
Lord Khan of Tooting? Sounds like a great idea to me! April 23, 2026 It is time that our failing Mayor moved on to challenges new, argues James Ford Our illustrious Prime Minister is rumoured to be considering raising the Mayor of London to the House of Lords, possibly as soon as next month. There may even be a seat around the Cabinet Table in the offing too. I, [...]
Tube strikes could cost London up to £760m this year April 22, 2026 Tube strikes planned until June could cost London’s economy up to £760m altogether, analysis provided to City AM has estimated. Lost working days due to uncertainty over the terms of 24-hour strikes is set to lead to hundreds of millions of pounds in lost income, economists have said. The Centre for Economics and Business Research [...]
Inside the fintech industry’s pensions gambit April 22, 2026 The fintech industry are on the offensive and in this week’s column Samuel Norman gives an insight into the sector’s lobbying calls for pension fund allocation. London has found itself brought to a halt this week. One may have thought the Tube strikes would bring Square Mile to a standstill, too. But the lack of [...]