City AM

By Jack Mendel Chancellor Kwasi Kwarteng has announced that increased duties on alcohol will be cancelled, in a bid to support pubs, bars and breweries. In today’s mini-budget he said the government will introduce an “18-month transitional measure for …

By Elena Siniscalco Therese Coffey has only been in post for two weeks, as she reminded everyone, repeatedly, while announcing her plans to fix the health service. Her proposal is not quite as easy as ABCD, but that’s what it’s called. Ambulances, back…

By Matt Hardy As one Premiership rugby club teeters on the brink of going under and another considers administration, Saracens’ chief executive Lucy Wray has admitted that English rugby’s finances are broken. But Wray has faith in Premiership Rugby and…

By Jess Jones Polymetal shares fell 11.5 percent today after the Anglo-Russian precious metals mining company announced it was scrapping the full-year 2021 dividend due to dwindling cash flows and a lack of new sales channels. It also suggested cancell…

By Leah Montebello Interest rate hikes have boosted concierge group Ten Lifestyle’s revenues as banks with more cash to hand shell out on its services. Ten, whose clients include Coutts and Natwest Black, said net revenue for the year rose 35 per cent …

By Michiel Willems With the Bank of England Monetary Policy Committee confirming its base rate will rise by 0.5 per cent to 2.25 per cent, UK households face an immediate increase in interest payments of £1.65bn. Analysis of Bank of England data shows …

By Frank Dalleres The track season is behind us and athletic thoughts now turn to autumn marathons. Berlin, renowned world record course, this Sunday. London and then Chicago within a fortnight. New York at the start of November. That’s four of the six…

By Louis Goss The UK firm that managed Neil Woodford’s flagship investment fund is facing a £50m fine over its running of the fund before its collapse in 2019. The UK’s Financial Conduct Authority (FCA) has issued a draft warning notice against Link Fu…

By Stefan Boscia Joe Biden has emphasised his commitment to the post-Brexit Northern Ireland Protocol before his meeting with Liz Truss, telling the Prime Minister he wanted to hear “what’s on your mind”. The US President said in a short statement befo…

By Louis Goss French utility Suez SA has struck a €2bn (£1.75bn) deal with Veolia Environment to buy back the UK waste management business it agreed to sell off to its rival last January. Suez has scuppered Macquarie’s bid to buy the British unit after…