London has world’s second-best tech sector December 4, 2025 London boasts the second-most vibrant tech sector in the world, according to a closely-watched study which found Zurich had leapfrogged San Francisco and Singapore to top the rankings. Britain’s capital nudged up one place in Z/Yen’s Smart Centres Index into second place in the biannual study that assesses cities’ ability to create, develop and deploy [...]
Why second Ashes Test marks start of The Gabba’s long goodbye December 3, 2025 When England’s cricketers step out onto the field at The Gabba on Thursday for the second Test, they will know they are on borrowed time. Not just to wrestle the series momentum away from Australia after a crushing opening defeat in Perth, but also to improve their record at the famous Brisbane ground. After this [...]
FCA launches ‘safe space’ for AI as City firms rush to deploy new tech December 3, 2025 The City’s top regulator has opened the doors to its first-ever ‘AI live testing‘ scheme, giving major financial firms a controlled environment to trial AI without fear of tripping regulatory wires. NatWest, Monzo, Santander, Scottish Widows, Gain Credit, Homeprotect and fintech Snorkl are among those in the inaugural cohort. The FCA says the scheme is [...]
Exclusive: Three nations in €100m battle for new SailGP franchise December 3, 2025 Three nations are locked in a €100m battle to join the SailGP grid as the sailing series expands to 14 teams, City PM can reveal. The fifth season of the competition concluded at the weekend in Abu Dhabi with British team Emirates GBR winning their first title. And the 12-team sailing competition will expand to [...]
MI London and Sunrisers Leeds: All Hundred deals completed December 3, 2025 All eight deals for Hundred franchises have been completed after the Ambani family concluded negotiations with Surrey CCC. Six of the eight deals in the short-form competition, which saw eight 49 per cent stakes owned by the England and Wales Cricket Board sold to overseas investors, were completed earlier this year but two deals remained [...]
Revolut and LSEG join growing list of OpenAI customers December 3, 2025 Fintech juggernaut Revolut has joined a host of banking giants in leveraging OpenAI tech to beef up their financial crime protections. The digital bank is one of the latest to partner with the ChatGPT maker as it seeks to enhance its fincrime agent and customer services. The $75bn fintech is also using OpenAI’s large language [...]
Exclusive: Goldman Sachs, Oaktree and Carlyle to take part in private credit stress test December 3, 2025 Goldman Sachs, Oaktree and Carlyle will take part in the Bank of England’s inaugural stress test of the burgeoning private credit sector this week, City PM can reveal. Britain’s central bank is poised to carry out its first ever “system-wide exploratory scenario exercise” of so-called shadow banks in the coming weeks, in a bid to [...]
Starmer blames sweeping tax hikes on Tories December 3, 2025 Keir Starmer blamed sweeping tax hikes at the Budget aimed at funding extra welfare spending and building a larger fiscal buffer on the previous Conservative government’s economic performance. Responding to questions from opposition leader Kemi Badenoch on whether tax rises were necessary, Starmer pointed the finger at a £16bn downgrade to productivity forecasts by the [...]
Paragon Banking chief eyes acquisitions after capital boost December 3, 2025 The boss of Paragon Banking Group has acquisitions in mind after the lender received a major tailwind from regulatory reforms this year. Nigel Terrington has said the loosening of banks’ capital requirement rules, known as MREL (minimum requirement for own funds and eligible liabilities), will open up further growth prospects for mid-cap lenders. The boss [...]
Could our daughters close the growing gender pension gap? December 3, 2025 The gender pension gap is growing. Could our digital-savvy daughters close it, asks Scottish Widows pensions expert Jill Henderson.
