Mining giant Anglo American has rejected BHP Group’s £31.1bn proposal after concluding the plan would undervalue its future prospects ... Show more
Anglo American rejects BHP's 'opportunistic' £31.1bn takeover bid
Anglo American rejects BHP's 'opportunistic' £31.1bn takeover bid
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
ames Cleverly has slammed Sadiq Khan on his record as London Mayor, accusing him of being “asleep at the wheel” and “10m people being failed” ... Show more
‘Asleep at the wheel’: James Cleverly slams Khan's mayoral record
‘Asleep at the wheel’: James Cleverly slams Khan's mayoral record
Film and TV production trailer provider Facilities by ADF has announced a “favourably high” long-term outlook ahead despite what has been a turbulent year of ... Show more
Hollywood strikes fail to dampen outlook at production firm Facilities by ADF after The Crown gig
Hollywood strikes fail to dampen outlook at production firm Facilities by ADF after The Crown gig
Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading ... Show more
Meta's stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress - CityAM
Meta's stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress - CityAM
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
The developer and manager of Canary Wharf in East London has reported a 14.7 per cent annual fall in the value of its property holdings to £6.8bn ... Show more
Canary Wharf: Property value falls as London banking hub secures £550m financing deal
Canary Wharf: Property value falls as London banking hub secures £550m financing deal
Dramatic social media footage has shown the terrifying moment horses ran through the streets of the capital this morning, with one apparently soaked in blood ... Show more
Horses on loose in central London and City as police and Army scramble to catch them
Horses on loose in central London and City as police and Army scramble to catch them
As one of London’s most iconic landmarks, Big Ben fell silent this morning and everyone noticed.
The Victoria Tower, which houses the Great Bell, i.e. Big Ben ... Show more
Big Ben's clock stopped this morning. Here's why and when London's most iconic watch will restart
Big Ben's clock stopped this morning. Here's why and when London's most iconic watch will restart
How does it cost to buy groceries in London? 🛒#voxpop #streetinterviews #londonlife #groceryshopping #foodshopping #supermarket #spending #foodpost #inflation #foodiegram
Revolut expects to grow its global headcount by around 40 per cent in 2024 as the fintech pushes for rapid expansion and bucks a recent trend of mass layoffs ... Show more
Revolut to boost staff by 40 per cent this year amid rapid expansion
Revolut to boost staff by 40 per cent this year amid rapid expansion
Business confidence rose above its pre-pandemic average for the first time in two years, a new survey shows, but levels of investment remained subdued in a ... Show more
Business confidence surges but recovery remains 'brittle'
Business confidence surges but recovery remains 'brittle'
Inheritance tax generated record receipts last year as debates continue to swirl around the future of one of the UK’s most unfair taxes ... Show more
Inheritance tax hits new record of £7.5bn amid calls for reform
Inheritance tax hits new record of £7.5bn amid calls for reform
Brits splurged out on chocolate and sought discounts at the supermarket, as grocery price inflation fell to 3.2 per cent over the four weeks to 14 April ... Show more
Chocolate and discount-loving Brits drive food inflation down for 14th straight month
Chocolate and discount-loving Brits drive food inflation down for 14th straight month
he FTSE 100 jumped to hit a new all-time high this morning off the back of its record closing price yesterday.📈👏
The blue-chip index rose 0 ... Show more
FTSE 100 Live: The latest news moving markets in London today
FTSE 100 Live: The latest news moving markets in London today
London has once again been named the world’s top centre for green finance, according to a new survey, as New York dropped from second place ... Show more
London keeps spot as world's top green finance centre as New York toppled from second place
London keeps spot as world's top green finance centre as New York toppled from second place
The Black Dog in Vauxhall has seen a surge in customers since the album dropped at the end of last week, with reports that it has had to turn “Swifties” away ... Show more
Who owns London pub mentioned by Taylor Swift in new album?
Who owns London pub mentioned by Taylor Swift in new album?
Tipping law to come into effect this October amid fears it will pile further pressure on hospitality
cityam.com/tipping-law-to-come-into-effect-this-october-amid-fears-it-will-pile-further-pressure-on-hospitality/
Members of the Aslef union, which represents 96 per cent of train drivers in Britain, will walk-out between Tuesday 7 May and Thursday 9 May ... Show more
Fresh train strikes to disrupt commuters in May as drivers walk out again
Fresh train strikes to disrupt commuters in May as drivers walk out again
Planning a trip for the upcoming bank holiday? 🛫
You could face some severe travel disruptions.
Heathrow refuelling staff will strike in May meaning flights ... Show more
Heathrow Airport strikes to cause 'severe disruption' on May bank holiday weekend
Heathrow Airport strikes to cause 'severe disruption' on May bank holiday weekend
They share a locale with the fictional AFC Richmond from hit TV series Ted Lasso, but the most interesting thing about Hampton and Richmond Borough FC is their ... Show more
Meet the Real-Life Ted Lasso team: Inside the Hampton and Richmond Borough Football Club - YouTube
Meet the Real-Life Ted Lasso team: Inside the Hampton and Richmond Borough Football Club - YouTube
There are now no UK companies among the top 50 largest listed companies in the world, as the British economy has struggled to compete with the dominance of ... Show more
Global top 50 companies: UK absent as American tech triumphs
Global top 50 companies: UK absent as American tech triumphs
Are you mad enough to be running the London Marathon this weekend, plodding around the capital desperate to make the finishing line?
Well if you are ... Show more
London Marathon: What free things can I get with my medal?
London Marathon: What free things can I get with my medal?
Quick Glance: Jepchirchir Sets New Record, Claims Victory at London Marathon
- Jepchirchir won the 44th London Marathon, breaking the women's-only world record. She crossed the finish line in front of Buckingham Palace in two hours, 16 minutes, and 16 seconds.
- Munyao clinched the men's race in 2:04.01, marking his most significant career triumph. Bekele secured the second position with a time of 2:04.15.
- The participation of around 50,000 runners made this edition of the London Marathon the largest event along the River Thames.
Ocado faces investor calls to abandon London listing for New York: Ocado has reportedly discussed with investors the possibility of moving its listing from ...
cityam.com/ocado-faces-investor-calls-to-abandon-london-listing-for-new-york/
House prices continued to fall in February, but private rents hit their highest level on record, the latest readings from the ONS have found ... Show more
House prices fall as rents skyrocket by 9.2 per cent and outstrip wages
House prices fall as rents skyrocket by 9.2 per cent and outstrip wages
76-year-old Eric Graham has been working at the East End institution Old Spitalfields Market since 1992.
He’s seen it all ... Show more
Meet the man who's kept Old Spitalfields Market moving for three decades - CityAM
Meet the man who's kept Old Spitalfields Market moving for three decades - CityAM
420: Should you invest your green in the cannabis industry?
The global cannabis industry is going through a growth spurt in April ... Show more
420: Should you invest your green in the cannabis industry?
420: Should you invest your green in the cannabis industry?
How did a simple wardrobe frustration turn into a £3bn secondhand brand?Vinted is the secondhand marketplace that has become a staple for fashion-conscious ... Show more
Vinted: How a simple wardrobe frustration turned into a £3bn secondhand brand
Vinted: How a simple wardrobe frustration turned into a £3bn secondhand brand
It’s Russian roulette season for lovers of beer gardens. 🍻
At any given hour – or any given minute, for that matter – you might experience glorious sunshine ... Show more
Best beer gardens in London from Lock Tavern to The Captain Kidd - CityAM
Best beer gardens in London from Lock Tavern to The Captain Kidd - CityAM
This’ll get you shook up: Elvis is in the building.
Well, his stepbrother is anyway. David E. Stanley grew up with Elvis from age four ... Show more
Elvis' brother still lives in The King's Las Vegas hotel. We met him.
Elvis' brother still lives in The King's Las Vegas hotel. We met him.
Rishi Sunak has announced plans to reform Britain’s disability benefits system in what he called a “moral mission” to address the rise in long-term sickness ... Show more
‘Moral mission’: Sunak to reform benefits system in fight against long-term sickness
‘Moral mission’: Sunak to reform benefits system in fight against long-term sickness
Almost £2bn has been lost from UK pension pots in the last five years after the authorised financial providers and advisers managing them have gone out of ... Show more
Billions vanish from retirement funds after pension providers shutter
Billions vanish from retirement funds after pension providers shutter
How much does it cost to travel around London?
City A.M. asked Londoners how much they spend on transportation in a month ... Show more
Tensions were ratcheted up in the Middle East over night after Israel reportedly launched an unprecedented missile strike on Iran, as oil prices surged ... Show more
Israel hits Iran with 'missile attack' near nuclear site as markets watch oil prices
Israel hits Iran with 'missile attack' near nuclear site as markets watch oil prices
The four top candidates in the London mayoral election went head to head on live TV on Wednesday night.
Hosted by ITV London and moderated by presenter ... Show more
Four things we learned from the London mayoral debate
Four things we learned from the London mayoral debate
According to figures from the Office for National Statistics (ONS), inflation fell to 3.2 per cent last month, down from a previous reading of 3.4 per cent ... Show more
March inflation comes in higher than expected at 3.2 per cent
March inflation comes in higher than expected at 3.2 per cent
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Lloyds Bank has issued an “urgent warning” to customers over a wave of ticket scams targeted at Taylor Swift fans, which it estimated has already cost Brits ... Show more
Taylor Swift fans lose £1m to ticket scams, Lloyds finds amid 'urgent warning'
Taylor Swift fans lose £1m to ticket scams, Lloyds finds amid 'urgent warning'
One of the oldest buildings in the Danish capital, the fire began on Tuesday in the copper roof of the 17th Century Old Stock Exchange, known as the Boersen ... Show more
'It is a national disaster': Copenhagen's historic Stock Exchange engulfed in flames
'It is a national disaster': Copenhagen's historic Stock Exchange engulfed in flames
Quick Glance: Devastating Fire Strikes Copenhagen's Old Stock Exchange
- A blaze engulfed Copenhagen’s historic former stock exchange in Denmark’s capital on Tuesday, with the spire being consumed by flames and collapsing.
- The fire spread across multiple floors of the monument, leading to the collapse of its roof, as reported by local fire department chief Jakob Vedsted Andersen.
- The tower, standing at 184 feet, featured a distinctive design resembling four intertwined dragons’ tails, symbolizing protection against enemies and fire, as indicated by tourism websites.
- Deputy Prime Minister Troels Lund Poulsen referred to the incident as Denmark’s unique moment akin to Notre Dame, alluding to the 2019 fire in the roof of the Parisian landmark.
There are multiple plans in place for the opening ceremony of the Olympic Games should the security risk be too high to host the curtain raiser on the Seine ... Show more
Plans in place to move Paris Olympic Games opening ceremony
Plans in place to move Paris Olympic Games opening ceremony
Quick Glance: Security Concerns Prompt Alternatives for France's Olympic Opening Ceremony
- France has developed contingency plans for the July 26 Olympics opening ceremony on the river Seine in response to security concerns, as stated by President Emmanuel Macron on Monday.
- Heightened security alert due to conflicts in the Middle East and Ukraine, along with the threat of terrorist attacks, has prompted action by the French government.
- Expressing confidence, Macron believes the anticipated Games ceremony with large crowds by the Seine, involving around 160 boats embarking on a 6 km journey, will be a significant achievement.
- The leadership of the United States Olympic and Paralympic teams approves of the security arrangements along the Seine for the opening ceremony, according to the team's security head, Nicole Deal.
The cheapest stocks in the cheapest market: UK small caps set to shine with earnings growth
cityam.com/the-cheapest-stocks-in-the-cheapest-market-uk-small-caps-set-to-shine-with-earnings-growth/
Shadow Chancellor Rachel Reeves has said she wants to close the gender pay gap “once and for all” if she becomes the UK’s first female Chancellor after the ... Show more
Rachel Reeves tells the City she wants to close gender pay gap if she becomes first female chancellor
Rachel Reeves tells the City she wants to close gender pay gap if she becomes first female chancellor
Wage growth eased slower than expected, but unemployment posted a surprisingly large jump, as the Bank of England considers when to start cutting interest ... Show more
Wage growth remains hot as Bank of England considers rate cuts
Wage growth remains hot as Bank of England considers rate cuts
An Abu Dhabi backed property group has bought the building which formerly housed Brexit’s Vote Leave campaign for £41m, with plans to turn the office block ... Show more
Former 'Vote Leave' Brexit HQ to be transformed into London flats
Former 'Vote Leave' Brexit HQ to be transformed into London flats
The UK government is reportedly set to unveil plans to ban children under the age of 16 from accessing social media platforms within weeks ... Show more
UK to reveal social media ban plans for under-16s within weeks
UK to reveal social media ban plans for under-16s within weeks
Hollywood performers and media artists have struck a “groundbreaking” agreement with major record labels to protect their work against the rising influence of ... Show more
Hollywood strikes 'groundbreaking' AI agreement with Sony, Universal, Warner and Disney
Hollywood strikes 'groundbreaking' AI agreement with Sony, Universal, Warner and Disney
Revolut and Monzo are among a group of top fintech firms to urge the government to ditch its contentious tax on share trading today as part of a sweeping call ... Show more
Revolut and Monzo say scrap stamp duty as top fintechs launch bid to boost stock market
Revolut and Monzo say scrap stamp duty as top fintechs launch bid to boost stock market
As stocks like Nvidia have risen over 200 per cent in the last year, some are worried an AI bubble is emerging. Jess Jones and Elliot Gulliver-Needham take a ... Show more
Is there an AI bubble and will it burst?
Is there an AI bubble and will it burst?
The public ballot to enter the 2025 London Marathon opens on the day of this year’s race. As ever it will be massively oversubscribed ... Show more
Why London Marathon is world leader and a bargain - Ed Warner
Why London Marathon is world leader and a bargain - Ed Warner
A legal tool designed to sniff out illicit wealth was meant to help rid the City of dirty money. But it hasn’t quite delivered the results the government might ... Show more
Why the ‘McMafia’ law failed to root out kleptocrats' ill-gotten gains
Why the ‘McMafia’ law failed to root out kleptocrats' ill-gotten gains
Reading is being embraced by the rich and glamorous, but is it literature or the literary look that’s so alluring, Anna Moloney asks ... Show more
Why reading is officially sexy - CityAM
Why reading is officially sexy - CityAM
The famous Grand National will get underway later today at Aintree, but it’s different to editions of recent years.
After last year’s event was delayed due to ... Show more
Why's the Grand National on earlier? What's changed at Aintree?
Why's the Grand National on earlier? What's changed at Aintree?
Quick Glance: Why I Won't Be Watching the Grand National This Year
- I used to find the arguments of Grand National opponents outdated.
- Last year's event was chaotic and marked by accidents.
- There were many fatalities and criticisms leading to changes for the 2024 race.
- Despite the planned alterations, the author has lost interest in the race.
In 2023, Shell was the largest crude oil producer in the world, pumping out nearly 13m barrels on average every day in 2023, an all-time record ... Show more
What could Shell and BP be worth across the pond?
What could Shell and BP be worth across the pond?
Sir Richard Branson and his company, Virgin Group, are household names in the UK. He’s long held the title of Britain’s most famous entrepreneur and owns more ... Show more
Richard Branson loses more than £2.5bn after Virgin Orbit and Virgin Galatic collapse
Richard Branson loses more than £2.5bn after Virgin Orbit and Virgin Galatic collapse
London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering ... Show more
Will UK mortgage rates rise even more if US inflation stays hot?
Will UK mortgage rates rise even more if US inflation stays hot?
The recovery from last year’s recession gathered steam in February as the UK economy posted its second consecutive month of growth, new figures show ... Show more
UK economy grows in February as recovery gathers steam
UK economy grows in February as recovery gathers steam
Quick Glance: UK on Track to Exit Recession with Rising GDP
- Britain's GDP rose by 0.1% in February despite heavy rainfall affecting the construction sector and retail.
- Sectors like manufacturing and services experienced growth, while construction saw declines due to bad weather.
- Recent months of economic growth suggest the recession may soon come to an end, although pressure from the cost of living crisis and higher prices persists for households and businesses.
- Despite the positive growth in 2024, GDP remains below 2023 levels and has been stagnant since early 2022, with real wages continuing to decrease and many facing financial difficulties.
Britain’s competition watchdog has issued a cautionary update on artificial intelligence (AI) powered foundation models (FMs) ... Show more
Competition watchdog issues warning on AI foundation models like ChatGPT
Competition watchdog issues warning on AI foundation models like ChatGPT
Who is Tom Dawes? The Home REIT mystery man that profited from property deals : Tom Dawes profited from Home REIT's property deals. City A.M ...
cityam.com/who-is-tom-dawes-the-home-reit-mystery-man-that-profited-from-property-deals/
"In person Dawn French is lovelier, warmer and even more charming than you’d expect – which is quite something for someone famous for their warmth ... Show more
Dawn French on overcoming shame and love for Jennifer Saunders
Dawn French on overcoming shame and love for Jennifer Saunders
Top UK law firms borrowing more as lawyers struggle to get clients to cough up: The total debt at the UK's top 50 law firms has hit £5.4bn ...
cityam.com/top-uk-law-firms-borrowing-more-as-lawyers-struggle-to-get-clients-to-cough-up/
The resilience of exports from the UK’s service sector has been a success story despite the feared impact of Brexit.
Services exports reached a record £470bn ... Show more
Why UK services exports have continued to grow post-Brexit
Why UK services exports have continued to grow post-Brexit
We’re delighted to reveal the new City A.M. Magazine, April Edition, with travel, film, lifestyle and food and drink. 🍷📖
On page 24 we sit down with Keir ... Show more
The Magazine - CityAM
The Magazine - CityAM
Olympic champions will receive prize money for the first time this year after World Athletics announced gold medallists at the Paris 2024 Games would be paid ... Show more
Olympic champions to get prize money for first time at Paris 2024
Olympic champions to get prize money for first time at Paris 2024
Quick Glance: World Athletics Introduces Prize Money for Olympic Champions
- World Athletics has announced it will be the first federation to award prize money at the Olympic Games, with a total prize pot of $2.4 million for the Paris Olympics and gold medallists receiving $50,000.
- President Lord Coe emphasized the importance of creating a stable financial landscape for athletes, describing the decision as a pivotal moment.
- The introduction of prize money for Olympic gold medallists was highlighted as a crucial step for World Athletics and the sport as a whole, recognizing the athletes' critical role in the success of the Games.
- It was noted that the payment of prize money will be subject to athletes undergoing standard anti-doping procedures, and details regarding the structure of prize money for the 2028 Games will be revealed later.
Is the cost of living crisis still biting? 🧐
Around one in seven, or 7.4m, UK adults struggled to pay their bills and credit repayments in January ... Show more
More than 7m Brits struggling with bills and credit repayments
More than 7m Brits struggling with bills and credit repayments
Labour promise to replace business rates with property taxes: Labour has promised to replace business rates with “business property taxation” to level the ...
cityam.com/labour-promise-to-replace-business-rates-with-property-taxes/
Spotify has announced that from May it will hike up the price of its premium service by more than nine per cent to £11.99 ... Show more
Spotify to hike price of ad-free premium service to almost £12
Spotify to hike price of ad-free premium service to almost £12
HSBC to book $1bn earnings hit from sale of business in Argentina: HSBC has agreed to sell its business in the South American country, a move that will see it ...
cityam.com/hsbc-to-book-1bn-earnings-hit-from-sale-of-argentia-business/
SPONSORED CONTENT | Explore the world with our latest 'Top Destinations-Spring 2024': Seychelles' beaches, Czechia's wellness, Tunisia's culture ... Show more
Orbcom: Spring into Summer - CityAM
Orbcom: Spring into Summer - CityAM
Only 25 per cent of legal associates want to make partner at their firm in the next five years, as law firms scramble around to create career paths that sit ... Show more
Partnership crisis: Gen Z doesn't want to follow the traditional legal career pathway
Partnership crisis: Gen Z doesn't want to follow the traditional legal career pathway
How much do you need to earn to buy a house in London? #london #londonlife #spending #mortgages #mortgagerates #houseprices #mortgageprices #ukmortgages #dailyspending #personalfinance #budgeting #streetinterview #londoners
How tough is it to get on the property ladder in the UK? 🪜🏡
First-time buyers are becoming ever more reliant on help from family and friends to get onto the ... Show more
First-time buyers reliant on loved ones to get on housing ladder
First-time buyers reliant on loved ones to get on housing ladder
Klopp ‘not over the moon’ but vows to keep calm after Liverpool stumble in Premier League title race
cityam.com/klopp-not-over-the-moon-but-vows-to-keep-calm-after-liverpool-stumble-in-premier-league-title-race/
What business would these London workers start? 💡#londonlife #businessowner #businesses #businessowner #workers #entrepreneurship #startup #startupstories #smallbusinessowneruk #streetinterviews
Over 2,000 retailers have gone bust in the last year, a new report has found, delivering another blow to the UK’s struggling retail sector ... Show more
Retail apocalypse: More than 2,000 stores went bust as UK high streets suffer
Retail apocalypse: More than 2,000 stores went bust as UK high streets suffer
What is going on with the UK's labour market? 💼
Slack continued to grow in the labour market in March, a closely watched survey suggested ... Show more
Bank of England should 'loosen its grip on growth' as slack builds
Bank of England should 'loosen its grip on growth' as slack builds
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