Paramount has reached a settlement with US states challenging its $110bn acquisition of Warner Bros Discovery.

Rising hiring costs and difficulties recruiting talent are making it harder for Britain’s most promising companies to grow, with three quarters saying they could create at least 10 per cent more jobs if barriers to expansion were removed. New research from Enterprise Britain found the cost of employing staff has become one of the main [...]

The London Stock Exchange’s fledgling private Pisces market is set to receive another boost after a third tech company unveiled plans for an employee share sale on the platform. Veremark, which uses technology to conduct background checks and screening, will conduct a £6m share sale on the London Stock Exchange’s Private Securities Market (PSM), allowing [...]

Fast fashion retailer Shein has been granted permission to appeal against rival Temu in a first-of-its-kind copyright battle in the UK. A judge confirmed in a hearing on Monday that Shein can challenge a judgement handed down last month in the Court of Appeal. The judge said there were “compelling reasons” for the court to [...]

Brewdog’s new owners have sought to distance the company from its founders James Watt and Martin Dickie with a new campaign that pledges the controversial brewer will be “run properly” and attract a “little less allegation”. The craft beer firm, which is now owned by US cannabis firm Tilray, has launched a multi-million pound campaign [...]

A major US Wendy's franchisee operating 314 locations has filed for bankruptcy protection after the chain sought to terminate its franchise agreement.

London-based AI infrastructure firm Nscale has filed for a US initial public offering targeting a valuation of up to $35bn.

Barratt and David Wilson Homes say new-build purchases could help Nottinghamshire homeowners make financial savings.

A Federal Reserve official said the central bank may have to cause higher unemployment to combat inflation.

Job security for British workers has fallen to a three-and-a-half year low across all sectors other than IT and telecoms, according to new data from S&P Global’s UK consumer index. The findings, based on a panel of 1,500 UK households, show the level of job insecurity was at its highest since February 2023 as consumers continue to [...]

Converse has apologised for an advertisement criticised as evoking Ku Klux Klan imagery.

A Federal Reserve official said Middle East conflict in August influenced her support for raising interest rates.

Brentford’s Gtech Community Stadium will be centred around a different kind of ball on Thursday when the Ultimate Sevens rolls into town for its inaugural finals day. Backed by BIA Sports Group – the owners of Premier League club Sunderland – the Ultimate Sevens is brand new, and with it comes six teams that have [...]

The rogue AI agents behind OpenAI’s unprecedented Hugging Face cyber attack behaved like “university students who’ve had too many beers”, a cyber expert told City AM, saying the breach was more a triumph of persistence than intelligence. Charl van der Walt, global head of security research at Orange Cyberdefense, said that despite the alarm triggered [...]

As more PE firms invest in food establishments, people are bemoaning the ‘same-ification’ of NYC’s restaurant scene Los Tacos No 1 is a classic New York success story. After the Mexican-style taco joint opened in 2013, it quickly became a critic’s pick in the city’s paper of record , drawing long lines and a devoted lunchtime crowd. As word spread about its juicy al pastor and handmade tortillas, it expanded to nine locations. Then, this September, bad news struck : Los Tacos No 1 had received an undisclosed amount of funding from private equity firm TSG Consumer. According to a press…

UK consumer confidence has fallen to a three-year low as households worry about job security and rising interest rates.

Premier League clubs’ front-of-shirt sponsorship revenue has risen eight per cent to £444m despite implementing a voluntary ban on gambling firms. The English top flight agreed to ban betting and casino brands from the lucrative front-of-shirt sponsorship slot in a move that lost the 20 clubs a collective £67m. But Premier League teams have managed [...]

The City watchdog has begun High Court proceedings against a loan notes firm and its chief executive, according to court filings, amid growing scrutiny of the high-risk instruments and their availability to retail investors. The Financial Conduct Authority (FCA) has initiated proceedings against Osborne Baldwin, which trades as both Hunter Jones and Hunter Jones Group, [...]

Tony Blair has warned governments against bowing to a growing “techlash” over AI, arguing that slowing adoption could leave countries poorer and less secure as concerns over the technology mount. A report from the Tony Blair Institute (TBI), published on Monday, said political leaders in the US and UK were facing growing pressure to hold [...]

Figures show as little as 64% of eligible families are claiming NHS money for milk, fruit and veg

Increasing the cost of hotel rooms and Airbnbs is not just a blow to the hospitality sector, it will hammer all businesses, argues James Ford.

Exclusive: Government warned ‘skills revolution’ at risk amid slow start to project with target of 30,000 starts by end of parliament Labour has been warned its “skills revolution” to tackle youth unemployment risks failure, after its flagship apprenticeship scheme enrolled only 160 young people in its first eight months. The shortfall, highlighted in a report by the Fabian Society, leaves the government well off track of achieving its ambition of 30,000 “foundation apprenticeship” starts by the end of this parliament. Continue reading...

London's dominance is presented as a whirlpool, greedily sucking in talent from other regions. But London's growth aids Manchester, Birmingham and beyond.

Uncertainty over how the government might shake up property taxes at next month’s Budget is contributing to huge increases in the cost of renting a luxury house in London. Luxury property experts said fears that Andy Burnham could crack down on high-value homes, along with an influx of demand from the US and the Middle [...]

Britain risks becoming “dangerously dependent” on a handful of foreign tech companies as AI spreads through businesses and public services, the founder of GOV.UK has warned. Mike Bracken, who founded the Government Digital Service and led the creation of GOV.UK, said organisations were steadily giving up control of critical systems as they turned to external [...]

Discover three Lisbon stays—Tarabel, ME Lisbon and Locke de Santa Joana—pairing distinctive design with standout dining. Plan your visit.

Nvidia's Jensen Huang has dismissed warnings that artificial intelligence could lead to human extinction as unfounded 'doomsday narratives'.

Flights are affected again owing to air traffic control problems, so what are your rights if you're affected?

While Sadiq Khan mulls his future James Cleverly and Reform’s Laila Cunningham are vying for votes in a traditionally Labour city, says Eliot Wilson When politicians often congratulate themselves on surviving until the weekend, voters can be forgiven for losing our long-term perspective. The next election for the Mayor of London will take place on [...]

Apollo Sports Capital is expanding its portfolio by adding a minority stake in the New York Yankees to its investments in Atletico Madrid and Wrexham AFC. The deal, which is reported to be close to completion, would also give Apollo an interest in AC Milan, New York City FC and media and hospitality businesses. Apollo [...]

Sam Smith's brewery in Tadcaster is marketing at least three North Yorkshire pubs as part of a £6 million estate sale.

Sadiq Khan’s draft London plan will not deliver the housing or infrastructure London badly needs, says Thomas Turrell “Reality can be whatever I want it to be”. The words spoken by Thanos as he claimed the reality stone in‘Avengers: Infinity War. This quote seems to have formed the foundation of Sadiq Khan’s approach to the [...]

Marks & Spencer is offering free birthday treats to customers with November birthdays.

The City’s success and status as a global financial hub rests on the foundations of stability, rule of law and security. So the City should show its support however it can and we’re glad to play our own part, says Susan Langley This year’s Strategic Defence Review shone a spotlight on a question we can [...]

British tennis star Arthur Fery has revealed his ambition to join the sport’s burgeoning player power movement after capping a breakthrough season with a Laver Cup call-up. After a stunning run to the semi-finals at Wimbledon earlier this year, new British men’s No1 Fery has been added to the European squad as an alternate for [...]

Syndicates in the world’s leading insurance and reinsurance market, Lloyd’s of London, have agreed to provide up to £40m of risk capital per policy to back a new managing general agent in the City focused on the private capital sector. Alpha TR, a speciality insurance managing general agent (MGA), launched on Monday as a Lloyd’s [...]

JD Sports has announced plans to open more than 140 shops in Mexico, as the ‘King of Trainers’ battles to halt falling sales and move on from a recent boardroom bust-up. The FTSE 100 retailer said it has reached an agreement with Axo, a Mexico-based retail distributor, to operate its stores in the country. JD [...]

Welcome back to City AM’s FTSE 100 liveblog. The UK’s blue-chip index made gains on Monday morning, turning a corner from heavy losses on Friday. Miners and industrial stocks like Anglo American, Antofagasta and Metlen Energy and Metals were among the FTSE 100’s biggest risers on Monday morning. BP and Shell dragged on the index, [...]

Last Saturday’s FT covered the industry’s current woes in depth. ‘Scotch whisky’s hangover’ is a sobering read, and yet other spirits are suffering as much, if not more. The one category bucking the trend is spirit-based RTDs, a category that Scotch has been slow to enter. Ron Emler investigates for City AM’s Whisky Business. A [...]

Financial planning firm Kingsfleet has officially opened a new headquarters at Claydon, Ipswich.