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Business

  • Peter Mandelson should return five-figure payoff after being sacked, says minister

    February 8, 2026

    A Cabinet minister and key ally of the Prime Minister has said Peter Mandelson should return the payoff he bagged after being sacked as the UK’s ambassador to the US. Work and Pensions Secretary Pat McFadden told Sky News Mandelson should “give [the payoff] back or give it to a charity, perhaps one involving violence [...]

  • Why Winter Olympians make good City entrepreneurs

    February 8, 2026

    Olympians and entrepreneurs have a lot in common. Both are highly driven in the pursuit of their goals and work tirelessly to achieve them. This is why many top-performing athletes turn to the world of start-ups and entrepreneurship when retiring from full-time sport.  High-performing individuals need to channel their energy into something, and when sport [...]

  • Why OpenAI and Anthropic are really fighting about ads

    February 7, 2026

    The public spat between OpenAI and Anthropic over ads inside chatbots was noisy, but the substance sits elsewhere. This is an early test example of how AI platforms intend to fund themselves without undermining user trust. Anthropic’s decision to air Super Bowl campaigns mocking the idea of ads inside AI assistants was done with clear, [...]

  • Lib Dems urge FCA probe into Mandelson leaks

    February 7, 2026

    The Liberal Democrats have called on the UK’s financial watchdog to immediately investigate Peter Mandelson, warning that his alleged sharing of confidential government information with Jeffrey Epstein may have led to insider trading during the financial crisis. In a letter to Financial Conduct Authority (FCA), chief executive Nikhil Rathi, Liberal Democrat deputy leader Daisy Cooper said it was “crucial” to establish whether [...]

  • NatWest nears £2.5bn Evelyn Partners takeover

    February 7, 2026

    NatWest Group is closing in on a £2.5bn takeover of Evelyn Partners, in what would be its biggest corporate acquisition since the bank’s taxpayer bailout in 2008. NatWest Group is in advanced talks to buy the wealth manager from its private equity owners, Sky News reported on Saturday, after seeing off competition from Barclays in recent days. An announcement [...]

  • Brown dubs Mandelson row as ‘serious’ test for Starmer

    February 7, 2026

    Gordon Brown has increased pressure on Keir Starmer by warning that the controversy surrounding Peter Mandelson’s links to Jeffrey Epstein represents a ‘serious’ test of the prime minister’s authority and judgement. Speaking on BBC Radio 4’s Today programme, Brown defended Starmer’s personal integrity but said the Labour leader now faced an urgent task to restore trust after appointing [...]

  • The real Guinness Six Nations showdown is happening in the pub

    February 7, 2026

    As the Guinness Six Nations kicks off, Britain will do what it does best: argue about referees, over-analyse scrums, and drink a respectable amount of beer. And while the games unfold on the pitch, another contest will play out in pubs, feeds and group chats across the country. For beer brands, live sport remains one [...]

  • How London fell back in love with the office

    February 7, 2026

    With workplace leasing enjoying a major post-pandemic bounceback, it's clear that, once again, the office is seen as critical to success.

  • Havas keeps quiet on whether Ian Osborne will stay on board after Epstein files

    February 6, 2026

    Havas is keeping quiet on whether Ian Osborne will stay on its board as the French PR giant weighs the impact of fresh details concerning the relationship between the British exec and Jeffrey Epstein. Osborne, who is a non-executive director of Havas, launched his own consultancy business, Osborne and Partners, in 2009 and offered advice [...]

  • Starling founder Anne Boden cuts stake in £4bn fintech

    February 6, 2026

    The founder of UK fintech Starling has slashed her stake in the digital bank during a secondary share sale, City PM can reveal. Anne Boden, who launched Starling in 2014 after stints at Allied Irish Banks and Lloyds, cut her holdings in the digital bank to near 2.7 per cent from a previous 4.3 per [...]

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