University spinouts boom as startups pull in billions March 6, 2026 Academics are increasingly going on to start their own start-ups, with a surge in spinouts, patents and investment pointing to the growing commercial impact of Britain’s research base. New figures seen by City PM show the number of UCL academics seeking to commercialise their research has jumped by more than 25 per cent since the [...]
World Triathlon: London will host biggest event on revamped elite tour March 6, 2026 World Triathlon will tap into Britain’s pedigree and elite triathletes like Alex Yee and Beth Potter to make London the home of the biggest event on the remodelled global circuit. From next year, the sport’s governing body is combining its programme with the private T100 Tour to form a new Triathlon World Tour comprising 50km [...]
Fish and chip shops under threat as Iran war spikes energy prices March 6, 2026 Britain’s beloved fish and chip shops could go under as they brace for the boom in energy and import costs caused by the Iran war, an industry leader has warned. Andrew Crook, president of the National Federation of Fish Friers (NFFF), told City PM chippie owners across the country are expecting the conflict to add [...]
Middle East war could ‘bring down the economies of the world’ March 6, 2026 The war in the Middle East could “bring down the economies of the world” as oil prices could surge to $150 per barrel if Gulf energy exporters shut production, Qatar’s energy minister has warned. Saad al-Kaabi said that restarting the production of liquified natural gas (LNG) – after it shut down the largest plant in [...]
Matalan gets £25m investment boost for store upgrades March 6, 2026 Clothing retailer Matalan has secured a £25m funding boost from its investors despite facing falling revenue and job losses last year, City PM can reveal. The firm’s core investor group – Invesco, Tresidor, Man Group and Napier Park – have committed the funding to accelerate the retailer’s plans to revamp its stores. The funding boost [...]
Chelsea reveal first ever back-of-shirt sponsor – but it could last just one game March 6, 2026 Chelsea have unveiled a second new kit sponsor in as many weeks after agreeing a deal for trading platform TMGM to appear on the back of their shirts. The deal is an expansion of the club’s partnership with the Australian company, which has been Chelsea’s official regional forex and CFD trading partner in Asia-Pacific since [...]
Oil on track for biggest weekly jump in 4 years as US mulls intervention March 6, 2026 The oil market is set for its biggest weekly gain in four years after the crisis in the Middle East sent ripples through the energy markets. The price of Brent crude has risen by around 18 per cent in the last week, tipping over $85 a barrel. Should the gains hold up, it would mark [...]
Four men arrested on suspicion of spying for Iran March 6, 2026 Four men have been arrested on the suspicion of spying for Iran on the Jewish community, the Metropolitan Police has said. The men were suspected of conducting surveillance of Jewish people in London. One Iranian national and three British-Iranian nationals were arrested in the early hours of Friday morning in Barnet and Watford. They were [...]
Royal London reports assets under management hitting record high March 6, 2026 Asset management giant Royal London reported assets under management reaching record highs in its latest annual results, boosted by buoyant equities market movements and a key acquisition. Assets under management (AUM) jumped to a record £199bn, up from £173bn the prior year, thanks chiefly to its recent acquisition Dalmore Capital, which brought in £6bn, and [...]
Sadiq Khan invites Anthropic to move to London March 6, 2026 Sadiq Khan has sent Anthropic’s chief executive Dario Amodei an invitation to move to London after the AI giant’s spat with President Trump. In a letter to the Anthropic boss, the mayor of London praised the company over its “steadfastness” against pressure after it refused to give the US military access to its tools over [...]
