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Business

  • Exclusive: London Broncos shelve plans for match at Twickenham Stoop

    April 9, 2026

    London Broncos have put plans to host a rugby league game at Harlequins’ Stoop on the backburner, City PM understands. The capital’s premier rugby league team had planned to take on Featherstone Rovers at the 15,000-capacity rugby union stadium in Twickenham but their planned opponents were unable to compete in this year’s Betfred Championship due [...]

  • Demand soars for central London offices while outskirts snubbed

    April 9, 2026

    The demand for central London office space is soaring while vacant buildings are piling up on the fringes of the capital. The vacancy rate – which is a key indicator of demand – of central London offices has fallen to its lowest level in this decade as occupiers target prime locations like the City and [...]

  • Iran war sparks sharp reversal in European ETF rally

    April 9, 2026

    European ETF flows ran out of road in March, as the Iran war pared back market gains from the first two months of the year and investors returned to the sidelines. The European exchange-traded fund (ETF) and exchange-traded commodities (ETC) market saw a sharp decline in investment during March, gathering only €9.4bn (£8.1bn), according to [...]

  • OpenAI pauses Stargate UK project over energy costs and regulation

    April 9, 2026

    OpenAI has paused plans to develop a major AI data centre project in the UK, citing high energy costs and regulatory uncertainty. The US firm confirmed that its ‘Stargate UK’ infrastructure initiative, first announced in September, has been put on hold as it reassesses the conditions needed for long-term investment. “We see huge potential for [...]

  • UK’s best bank revealed – and it’s not a bank

    April 9, 2026

    The UK banking sector’s top bank has been crowned – and (spoiler) it’s not a bank. A new report from Forbes and market research firm Statista analysed the global banking system for the world’s top names in the sector. Over 54,000 people were surveyed across 34 countries in 17 different languages between October and November [...]

  • Goldman: Oil could remain at crisis prices for rest of year

    April 9, 2026

    Goldman Sachs has warned that oil prices could stay above the $100 a barrel mark for the rest of 2026 if the Strait of Hormuz stays shut for another month. In a note published on Thursday, the investment bank said any truce between Iran and the United States would be fragile, and that four more [...]

  • Atletico Madrid and Aston Martin investors buy into SailGP team

    April 9, 2026

    Atletico Madrid and Aston Martin investors Quantum Pacific Group have become the latest group to buy a SailGP team in an eight-figure deal. Los Gallos SailGP Team has been purchased by Quantum Pacific Group, which is the largest shareholder of LaLiga club Atletico Madrid after Apollo Sports Capital. Their wider sporting portfolio includes Portuguese football [...]

  • Tech stocks regain safe haven status amid Iran ceasefire

    April 9, 2026

    American tech stocks have reasserted their role as a market safe haven, as easing tensions between Washington and Tehran trigger a sharp rebound across beaten-down AI and software names. A two-week ceasefire between the US and Iran, alongside a potential reopening of the Strait of Hormuz, has already sparked a relief rally. The Nasdaq jumped [...]

  • Non-dom reforms blamed for collapse of Harrods luxury property arm

    April 9, 2026

    The collapse of department store Harrods’ luxury property arm was due in large part to the government’s abolition of the non-dom tax regime, estate agents have said. Harrods Estates, which opened on the shop floor in 1897, has announced the closure of its only remaining office in Knightsbridge.  London estate agents said the collapse of [...]

  • Nadine Buckland: I knew I’d make a better business owner than employee

    April 9, 2026

    Each week, we dig into the memory bank of the City's great and good. Today, Nadine Buckland, CEO of Zenzic Capital, takes us through her business career.

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