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City A.M. | London's Business Newspaper - News, Opinion, & Anal…
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Latest business and finance news from the UK and rest of the World - including breaking economic & political news, comment & analysis from City A.M.

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cityam.com.web.brid.gy
London role revealed for historic 2027 Tour de France Grand Departs
London will play a key role when the Grand Departs of both the men’s and women’s editions of the Tour de France are held in the UK for the first time next year. The men’s Grand Depart – a short series of stages that begin the world’s most famous cycling race – will begin with [...]
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January 15, 2026 at 7:00 PM
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Paranormal Activity brings thrills and scares to London stage
Paranormal Activity | ★★★★☆ | Ambassador’s Theatre Given the endless churn of lacklustre sequels, it’s easy to forget just how scary the original Paranormal Activity was. A found footage successor to The Blair Witch Project, it brought the same flavour of supernatural horror into a chillingly recognisable domestic setting that could be your own home. [...]
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January 15, 2026 at 5:30 PM
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Liz Kendall welcomes X’s Grok changes as Ofcom probe continues
The government has welcomed new safety measures introduced by Elon Musk’s X to curb abuse linked to its Grok AI tool, as the UK’s online safety regulator presses ahead with a formal investigation into the platform. Tech secretary Liz Kendall said she “welcomed” X’s move to restrict Grok’s image generation capabilities, but stressed that regulators [...]
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January 15, 2026 at 5:30 PM
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Nick Ephgrave announces surprise retirement from Serious Fraud Office
Nick Ephgrave will step down as director of the Serious Fraud Office (SFO) two and a half years before his first term was due to finish. The former assistant commissioner of the Metropolitan Police was appointed as the SFO’s director, taking over from Lisa Osofsky, who oversaw several errors during her tenure. Ephgrave was the [...]
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January 15, 2026 at 2:56 PM
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How to (probably) get Ariana Grande tickets for Sunday in the Park with George
In the biggest piece of showbiz casting since Tom Holland starred in Romeo + Juliet in 2024, the musician Ariana Grande has been cast in the musical Sunday in the Park with George, to play in London in the summer of 2027. Grande is one of the world’s most popular musicians, and is scheduled to [...]
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January 15, 2026 at 2:56 PM
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Why does no one want to buy Costa Coffee?
The coffee’s gone cold and the milk has soured for the once dominant high street staple Costa, as owner Coca-Cola struggles to find a buyer to take the chain off its hands. The US beverage giant suspended talks with remaining bidders earlier this week, blaming the decision on low offers, bringing the months-long auction process [...]
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January 15, 2026 at 2:56 PM
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Alex Cooper: Why I started an AI company after 20 years in the army
Alex Cooper left the City to enlist in the army. Now, more than 20 years on, he's back as CEO of his own AI company Electric Twin.
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January 15, 2026 at 2:57 PM
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Revolut, Mastercard, Visa lose legal battle on card fees cap
Revolut, Mastercard and Visa have lost a legal battle against the UK’s payments watchdog amid plans to introduce a cap on card fees for overseas transactions. The trio of payment giants brought a judicial review to the High Court following a decision by the Payment Systems Regulator (PSR) in December 2024, confirming that it would consult on the [...]
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January 15, 2026 at 2:57 PM
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Khan urges Reeves to bring back tax-free shopping
Mayor Sadiq Khan has called on Chancellor Rachel Reeves to bring back tax-free shopping for tourists to drive public revenue gains. Khan has lobbied the Treasury to re-introduce VAT-free shopping for visitors more than four years after the previous Conservative government scrapped the perk. Conservative City Hall member Thomas Turrell raised the issue of tourism [...]
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January 15, 2026 at 12:54 PM
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Kemi Badenoch sacks Robert Jenrick
Tory leader Kemi Badenoch has sacked Robert Jenrick for plotting to defect “in secret”. In a statement on X, the leader of the opposition announced she held “clear, irrefutable evidence” that he was preparing to leave the Tories “in a way designed to be as damaging as possible to his Shadow Cabinet colleagues and the [...]
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January 15, 2026 at 12:53 PM
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Manchester United owner Ratcliffe cuts asking price in bid to offload club
Manchester United co-owner Sir Jim Ratcliffe has cut his asking price for OGC Nice as he attempts to trim the French club from his shrinking Ineos sports portfolio. Ratcliffe bought the Ligue 1 outfit for €100m in 2019, two years after the side based on the French Riviera had finished third in the domestic league, [...]
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January 15, 2026 at 12:54 PM
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Amol Rajan to step down from BBC Radio 4’s Today programme
Amol Rajan is to step down from BBC Radio 4’s Today programme later this year, ending a four-year stint as one of the flagship show’s presenters, according to the BBC. Rajan will remain with the company and continue to present University Challenge as well as the Radio 4 podcast ‘Radical with Amol Rajan’. An announcement [...]
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January 15, 2026 at 12:53 PM
cityam.com.web.brid.gy
Watch: We’ll regret granting this embassy to hostile China
Is China our enemy or our ally? Is it an adversary or a partner? The trading relationship is huge, but so are the security risks. In the City, China means big business. Last year the UK exported £30bn worth of goods and services to China while we bought £70bn worth from them. But we exported [...]
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January 15, 2026 at 12:54 PM
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Exclusive: RFU ready to block London Irish or Ealing move to URC
The RFU is ready to block London Irish or Ealing Trailfinders from competing in the United Rugby Championship amid interest from the multi-national league, City AM understands. Reports in Wales this week stated that URC chiefs are open to a London team joining the league to fill a gap that will be left by the [...]
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January 15, 2026 at 12:54 PM
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Starmer in dire straits as British voters pessimistic on almost every issue
Leaders rarely fail because of a single decision. Starmer's problem is that voters are pessimistic on almost every major measure.
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January 15, 2026 at 12:54 PM
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That’s why mums go to adland: Retailers’ big media drive
With an abundance of information about their customers at their fingertips, some of the UK’s largest retailers are looking and behaving increasingly like media agencies, writes Ali Lyon Having a baby tends to be a highly personal journey. Conscious of the all-important three-month miscarriage cut-off, many wannabe parents will, quite understandably, think painstakingly about who [...]
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January 15, 2026 at 12:57 PM
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Sadiq Khan: AI could bring ‘mass unemployment’ to London
Sadiq Khan has warned that AI could become a “weapon of mass destruction” for jobs across London unless the government takes proactive action to ease its impact on work. The London Mayor said AI’s impact on the capital city will be “nothing short of colossal” over the coming years. In a Mansion House speech to [...]
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January 15, 2026 at 10:56 AM
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Nike returns to British and Irish Lions shirt for first time since 1993
Nike will produce the British and Irish Lions shirt for the first time in over 30 years after agreeing a partnership with the touring rugby side. The brand will be the official kit provider of the Lions, and will make the kit for the inaugural Lions Women’s Team tour to New Zealand in 2027. The [...]
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January 15, 2026 at 10:57 AM
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England cricket fans rivalled players’ drinking during Ashes, data reveals
The England cricket team’s alcohol consumption on the ill-fated recent Ashes tour may have grabbed the headlines but new data reveals their supporters matched them drink for drink. Figures collated by Revolut and shared with City AM show that spending in Australian bars, nightclubs, restaurants and other venues by British visitors and expats reached £6.9m [...]
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January 15, 2026 at 10:56 AM
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Oxford Biomedica share prices jumps after takeover talks
Oxford Biomedica’s share price has rocketed in early morning trading after Swedish private equity firm EQT entered takeover talks for the gene and cell therapy group. Shares jumped 10.65 per cent to 889 pence, with shares rocketing 121.4 per cent over the past year. The FTSE 250 company said it has received an unsolicited approach [...]
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January 15, 2026 at 10:58 AM
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Schroders shares smash two-year high after surge in new business
Wealth manager Schroders notched a two-year high on its stock price on Thursday morning after an influx of new business led to a major uptick in management fees. The FTSE 100 asset manager told markets it was expecting full-year operating profit to come in at £745m, up from £603m from the year prior. Shares rose [...]
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January 15, 2026 at 10:58 AM
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Gary’s Economics predictions are unravelling
The new year is a great time to check whether past predictions have stood the test of time. So I revisited the forecasts of one of London’s better-known economic sooth-sayers, Gary Stevenson, known to you and me as Gary’s Economics thanks to his viral Youtube channel. Two years ago, almost to the day, Gary released [...]
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January 15, 2026 at 8:57 AM
cityam.com.web.brid.gy
Four Nordic whiskies that showcase the region’s unique flavours
Nordic whiskies have moved beyond their experimental phase, carving out a unique place on the shelf alongside the more established players such as Irish and Scotch whiskies. Sweden, Denmark, Finland, and Norway are now setting new benchmarks for innovation and terroir-driven production and the approach is characterised by a refusal to mimic traditional Scotch profiles. [...]
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January 15, 2026 at 8:58 AM
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UK economy grows more than expected
The UK economy grew more than expected in November last year, official data has shown, reflecting businesses’ nerves about Rachel Reeves’ Budget measures. New Office for National Statistics (ONS) figures showed growth in the UK economy inching up Business analysts warned over several months that pre-Budget speculation had dampened spending and investment levels. The figures [...]
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January 15, 2026 at 8:58 AM
cityam.com.web.brid.gy
FTSE 100 Live: Gold surges amid Trump tensions; JLR leads growth rebound
Good morning and welcome back to the City AM liveblog. Rachel Reeves’ report card for 2025 has received another dim review with fresh figures from the Office for National Statistics (ONS) showing growth came in at a sluggish 0.1 per cent in the three months to November 2025. This was led by a modest rebound [...]
www.cityam.com
January 15, 2026 at 8:58 AM