Fuller’s slams ‘unprecedented government interference’ in pub sector June 10, 2026 The boss of Fuller’s has slammed Labour for “unprecedented government interference” into the pub sector, which he says is to blame for 5,800 pubs closing in a decade. Simon Emeny, executive chairman of Fuller, Smith and Turner, has launched a broadside against the government’s hikes to business rates, national insurance contributions and alcohol duty. “When [...]
Pension funds must ’embrace’ private markets to fuel growth June 10, 2026 UK pension funds must stop hiding in public equity benchmarks and ‘embrace’ private markets in order to meet their obligations and accelerate economic growth, the group chief executive of one of the UK’s largest pension providers has argued. Andrew Evans, co-founder and group CEO of Smart Pension, urged providers to steer away from public markets [...]
As it happened: FTSE 100 see-saws amid global jitters as market outlook turns ‘risky and dangerous’ June 10, 2026 Good morning and welcome back to the City PM liveblog. Markets were not getting too excited at the beginning of this week when Donald Trump said a peace deal with Iran was “very close”. And last night’s exchange of strikes might explain why. The US has said it completed a series of strikes against Iran [...]
Everton chief calls for full review of England academy talent funding June 10, 2026 Everton technical director Nick Cox, one of the most respected figures in the academy world, has questioned the Premier League’s model for investing in youth development. Cox, who worked at Manchester United’s academy for nine years – six as its director – before joining Everton last year, believes big clubs receive too big a slice [...]
World Cup office sweepstakes could leave employers facing legal red cards June 10, 2026 With the World Cup set to kick off on Thursday, many offices across the City will be gearing up to offer employees the chance to participate in competitions – known as sweepstakes – to place informal bets on who might win. Sweepstakes involve participants paying a fee into a cash pot and being randomly assigned [...]
IBM’s consulting chief warns AI will ‘implode’ unprepared rivals June 10, 2026 IBM Consulting, under Mohamad Ali, claims to have surged ahead in AI by pioneering a human-plus-digital workforce and transforming its own operations before selling innovative solutions to clients, leaving less-prepared consulting rivals scrambling to keep up, writes Maria Ward-Brennan. IBM’s consulting chief, Mohamad Ali, warns that AI will “implode” unprepared rivals, claiming the group has [...]
An emboldened – or desperate – new government will look to wealth taxes June 10, 2026 Wealth taxes are climbing back up the political agenda as the Labour party begins the process of reinventing itself for a post-Starmer era. Wes Streeting thinks he’s found “a wealth tax that works” by hiking capital gains tax while Andy Burnham is flirting with a land value tax that would naturally hit wealthy areas the [...]
The Debate: Should we build a data centre on Brick Lane? June 10, 2026 It may be better known for bagels, but times they are a changing. Should we put a data centre on Brick Lane? We hear the case for and against.
Real estate firms going bust at record rate as property market slumps June 10, 2026 Real estate companies are going bust at the fastest rate seen in a decade, City PM can reveal, in a further sign that the UK’s property market is taking a battering. As many as 762 real estate-related businesses have become insolvent in the UK since the start of the year, a City PM analysis of [...]
George Osborne: Manchesterism is a real thing but Burnham ‘only part of the story’ June 10, 2026 Former Chancellor George Osborne has said that mayor Andy Burnham should take some credit for Manchester’s high growth, defending Manchesterism as a “real thing”. Speaking to the House of Lords Economic Affairs Committee, he defended his move to begin devolving fiscal powers to Manchester during the Coalition government years under his “Northern Powerhouse” initiative. He [...]
