Lloyd’s of London allows staff to work from home as heatwave hits the capital Business Lloyd’s of London is allowing its staff to stay away from the historic City building as yet another heatwave threatens to hit London. The home of the world’s leading specialist insurance and reinsurance marketplace has told staff they are able to use their judgement and work from home this week with temperatures in the Square [...]
Uefa blasts Fifa over Infantino plan to ‘sell football’s soul’ for $4bn Sport Business Uefa has accused Fifa of “selling football’s soul” after the world governing body revealed plans to raise more than $4bn by selling stakes in a new subsidiary that would manage the commercial rights to the World Cup and Club World Cup. The new company, Fifa Forward Enterprise, would consolidate the media rights, sponsorship, ticketing and [...]
Nobel Peace Prize maker’s UK arm seeks administrator Business The London Mint Office, one of the largest numismatic distributors, is lining up administrators after 20 years in business. Founded in 2006, the company is part of Europe’s largest coin company, the Samlerhuset Group, based in the Netherlands. The UK entity acts as a major retailer for collectors, including specially minted items celebrating British royalty [...]
Next and Frasers go head to head for control of Harvey Nichols July 28, 2026 Retail giants Next and Frasers are set to go head to head for control of ailing department store Harvey Nichols when the Hong Kong-owned firm takes bids from British suitors later on Tuesday. The Knightsbridge-headquartered department store chain was put up for sale last month by its owner, Hong Kong billionaire Sir Dickson Poon, and [...]
Grant Thornton partners pocket £35m from private equity deal July 28, 2026 Equity partners at professional services giant Grant Thornton’s UK arm received a £35.2m payout after a large stake in the firm was bought by private equity-backer Cinven. According to Companies House filings, as seen by CityAM, a considerable one-time payout of £35.2m was made to “certain individuals” who are equity partners at the firm. [...]
Real Madrid break world record for sports team with £1bn revenue July 28, 2026 Real Madrid have claimed the highest operating revenue of any sports team in history after reporting income of more than €1.2bn for last season. The figure declared, €1.221bn, equates to £1.04bn and $1.36bn at current exchange rates and is a three per cent increase on the 2024-25 campaign. As such it surpasses the $1.23bn reported [...]
Hold interest rates but ‘sound hawkish’, CityAM Shadow MPC tells Bank of England July 28, 2026 The Bank of England should hold interest rates on Thursday, CityAM’s Shadow Monetary Policy Committee has said, after a string of economic data prints showed the threat of spiralling inflation had eased. The Shadow MPC – a group of economists compiled by CityAM – said a series of economic data releases had suggested [...]
Don’t hike bank taxes, Barclays warns Burnham July 28, 2026 Barclays has warned Andy Burnham not to slap fresh taxes on banks, as fears grow the new prime minister could take advantage of lenders’ bumper earnings to launch a raid on the sector. Speaking after Barclays’ half-year results this morning, executives warned that banks already faced the highest rates of tax globally and saddling them [...]
Councils accused of turning e-bike operators into ‘revenue stream’ as fees surge July 28, 2026 Cash-strapped London boroughs are squeezing e-bike operators with steep fee rises and growing enforcement charges, as the industry’s heavyweights warn councils are increasingly treating them as a cash cow. One London borough increased annual operating fees more than five-fold in a single year without adding any extra parking bays, according to figures seen by City [...]
Premier League and EFL set for summit with Football Regulator over new financial deal July 28, 2026 An end to one of the longest-running saga plaguing English football could be in sight after the Premier League and English Football League (EFL) stepped up talks over a blockbuster new financial redistribution deal. Premier League CEO Richard Masters and chair Alison Brittain and their EFL counterparts Trevor Birch and Rick Parry are expected to [...]
