Games Workshop shares slip despite Warhammer sales surge January 13, 2026 Games Workshop has dished the cash back to its shareholders after a record-breaking half-year performance driven by a surge in global demand for its Warhammer miniatures. The £6bn gaming giant – which entered the FTSE 100 in December 2024 – reported a 10.9 per cent increase in revenue, breaking £332m for the half-year ending 30 [...]
Chinese embassy to get green light despite ‘threat to City’ January 13, 2026 The new Chinese embassy in London is set to get the green light from Keir Starmer this week, according to reports, amid fresh questions around security concerns were raised on Monday night. The new mega embassy at the Royal Mint Court near Canada is expected to get the Prime Minister’s sign-off ahead [...]
Turtle Bay: Founder criticises ‘unhelpful’ Reeves’ tax raid after huge loss January 13, 2026 Caribbean restaurant and bar chain Turtle Bay has hit out at the “unhelpful” Labour government whose tax “raid” contributed to it slumping into the red. The Bristol-headquartered business, which was set up in 2010 by Ajith Jaya-Wickrema and Stephen Entwistle, cited Chancellor Rachel Reeves’ increase in employers’ National Insurance as a reason for it falling to [...]
Whitbread offloads £89m worth of Premier Inns to Londonmetric January 13, 2026 Hospitality giant Whitbread has offloaded a number of its Premier Inn hotels to property group Londonmetric for £89m as it looks to boost profits. The group sold nine South Eastern hotels to the group, ranging from Southampton Airport to Warwick, as part of its plan to reuse £250m-£300m of property proceeds for growth opportunities, including [...]
Public officials ‘not truthful’ about ‘fantasy’ net zero costs January 13, 2026 Net zero is set to cost the UK economy billions of pounds more than public officials estimate, a new report has suggested, raising questions over the supposed savings to be made from the energy transition for households and businesses. A new paper published by the Institute of Economic Affairs, a free market think tank, has [...]
UBS scouting for new top boss with Sergio Ermotti to exit next year January 13, 2026 UBS Group is on the hunt for a new chief executive with the banking giant’s current top boss lined up for an exit next year. Sergio Ermotti, who has led the near-£112bn bank since he was rehired in 2023, is expected to depart in April 2027. The veteran financier had pledged to lead UBS “at [...]
FTSE 100 Live: UBS to get new boss; Premier Inn leaseback deal January 13, 2026 Good morning from the City PM liveblog team. What’s an easy way to tell apart a developed country from a less developed one? One straightforward yardstick is the behaviour of state institutions and their relationship to government. If they are well run, they are operated by professionals independently from the executive. Or – the executive [...]
VAT-free shopping debacle has sent tourists packing January 13, 2026 Five years on from the demise of VAT-free shopping, retail and hospitality chiefs say the impact is still causing pain as the industry seeks change, writes Joanna Hodgson Five years ago this month a change came in that might, on the surface , have prompted the average British shopper to get their smallest violins out: [...]
Why the FTSE is enjoying a winter uptick January 13, 2026 Amid AI bubble worries, London's FTSE is luring in American investors seeking greater diversification, writes Susannah Streeter.
Labour talked big, but London housing starts are worst since WW2 January 13, 2026 Labour may have talked big on housing and planning reform, but the figures don't lie, writes Emma Revell.
