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Professional services firms’ future hinges on private equity, Kroll chief says
Private equity has been rewiring the professional services industry over the last few years, and with the sector undergoing enormous disruption from AI, stagnant growth, and a highly competitive market, PE investment is increasingly becoming a lifeline for firms to stay afloat. According to Jacob Silverman, chief executive of advisory and consultancy firm Kroll, private equity is key in driving the future of the professional services, and is “becoming a key source of capital” for the whole i...
Why can the Faroe Islands build faster than Britain?
The Faroe Islands has built miles of undersea tunnels for less than a third of what Britain has spent on a consultation for one, says Joe Cawley Every day, tens of thousands of vehicles crawl across the Dartford Crossing, one of the UK’s key economic arteries. Relief is on the way. Work has begun on the Lower Thames Crossing, a new tunnel several miles east of Dartford designed to ease pressure on the existing route. But the timeline tells its own story: it will not open until the 2030s. By...
UK households with vacuum cleaners face £5.16 charges from July
UK households with vacuum cleaners face £5.16 charges from JulyYou may have costlier electricity bills next month, at a time when other costs, including the price of petrol and groceries are also uncomfortably high for many Britons. Share Article Share Article Facebook X LinkedIn Reddit Bluesky Email Copy Link Link copied Bookmark Add us as preferred source Comments By Chris Samuel 05:06, Thu, Jun 4, 2026 Illustrative stock image of a vacuum cleaner. (Image: Getty)From the start of next month, v...
Semble Secures £30M Series C Investment Led by Revaia to Expand Europe’s Connected Healthcare Platform
Healthcare technology company Semble has secured a £30 million Series C funding round led by European growth investor Revaia, with participation from a second new investor Partech, alongside continued backing from existing investors Mercia Ventures and Octopus Ventures. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260603006557/en/ Founded to address the lack of coordination in healthcare, Semble is one of Europe’s fastest-...
Notice of Multi-Color First Quarter 2026 Financial Results Conference Call
Multi-Color Corporation (“MCC”) First Quarter 2026 Financial Results Conference Call covering MCC’s performance for the quarter ending March 31, 2026. When: Monday, June 8th at 10:00 A.M. EDT Leaders: Hassan Rmaile, President & CEO and Kathleen Phelps, CFO Access: Existing and prospective investors can gain access to the investor data site (“Data Site”) by following the instructions section 2 below. If you previously had access to the investor data site then no action is needed as your ac...
There should have been an op-ed here but you filed AI slop
City AM’s inbox is drowning in AI-written pitches. Anna Moloney, who now spends her days copy and pasting them into detection software, has had enough In this slot there should have been an op-ed. A punchy one from a high-flying lawyer on the ever raging debate around inheritance tax, perfectly attuned to the interests of City AM readers. However, as is now happening at an alarming regularity, what said lawyer filed was not an insightful piece drawing on their many years of experience and ex...
America’s ‘other’ economy tells a different growth story
Investors should pay attention to the struggles of the consumer packaged goods industry
Why is government spending £1.3bn on Universal UK?
Why is government spending £1.3bn on Universal UK?9 hours agoShareSaveAdd as preferred on GoogleNicola Haseler,in Stewartby,Andrew Sinclair,at Downing StreetandDanny FullbrookPA MediaUniversal Destinations and Experiences chairman and chief executive, Mark Woodbury, met Rachel Reeves in Downing StreetThe government has promised an investment worth £1.3bn in infrastructure to support the planned Universal United Kingdom Resort.Chancellor Rachel Reeves explained the development would create 28,000...
Global flight of the wealthy slows sharply as political and tax worries ease
UK had deep drop in rich people shifting jurisdiction after non-dom abolition played out
Trump’s empire of debt
This century the US has embarked on wars of choice and borrowed more to pay for them. That might not end well
Trump’s pledge to unleash a ‘golden age’ of US manufacturing sputters
Spending on new factories has fallen while industry executives point to uneven recovery
City AM Football Power List 2026: Who really runs the world’s most popular sport?
The City AM Football Power List seeks to answer a simple question: ahead of the 2026 World Cup, who really runs the planet’s favourite sport? To answer it, we assembled a panel of experts from across the sports industry and picked their brains for nominations and, ultimately, a top 25. You can read more about the voting process here, or just dive into the rankings below. 25. Dawn Airey The media grandee is the chair of the Women’s Super League and Championship board and edged out CEO Nik...
I regret buying a shared ownership home – we can only own 80% and will struggle to sell
When Cherida Plumb bought her first shared-ownership home, she was grateful for the scheme as it allowed her to get on the property ladder. However, she deeply regrets buying her second one, which she lives in with her partner Adam Carter, as it has restrictions which means they can only ever own 80 per cent of the property. She fears they will encounter difficulties when they come to sell it. “Our house is in a village in a designated protected area,” said Cherida. “This means it has an 80 pe...
City AM Football Power List explained: What it is, who judges it and how ranking works
Football has never been bigger or more prevalent, so as a thrilling club season flows into the biggest and most commercial men’s World Cup ever, it feels like an ideal time to try to answer the question: who are the most powerful people in the sport? That was the task we at City AM set ourselves earlier this year when we conceived the Football Power List. Now, after much deliberation with our panel of expert judges, we are very proud to present the first edition of what we hope will become a...
$5 billion-plus company GitLab cuts hundreds of jobs, exits 22 countries; CEO blames it on AI
GitLab is laying off 14% of its workforce and exiting 22 countries as part of a restructuring to focus on the "agentic era" of software development. CEO Bill Staples stated that savings will be reinvested into AI products, particularly the Duo Agent Platform, to position GitLab as the enterprise platform for AI-driven software creation.
Tax cuts, easier bond rules on the cards: How India plans to attract more foreign investment
In a bid to stem foreign capital outflow amid the Middle East crisis, the government is looking to do away with capital gains tax on foreign portfolio investors' holdings in government securities. The move will be part of efforts to attract greater overseas investment.
Budget delay
THE government has postponed the announcement of the FY27 budget without offering any explanation for the decision. In the absence of an official announcement, speculation has been rife in the media about the reasons behind the delay. The most plausible explanation appears to be unresolved issues with the IMF, particularly with regard to fiscal space for relief and the transfer of some provincial resources to support federal spending. According to unnamed official...
Slumping Chinese oil imports ‘shield’ global market from higher prices
Traders and analysts say near-decade-low shipments are a major factor in why crude still trades at less than $100 a barrel
UP Man Kills Family Over Property, Gets Killed By Friend Who Helped In Crime
Man kills parents and sister over property dispute before being killed by accomplice.
India set for $2bn drone order in biggest buy
NEW DELHI: India is likely to order more than $2 billion worth of military drones from domestic firms this year in its biggest such purchase, an industry body working with the government said, as global and regional conflicts boost demand. The plans are in advanced stages with deliveries expected over 18 to 24 months, for a jump in value from recent government orders worth 30 billion rupees ($313 million) for tactical-class drones, said Smit Shah, president of the body. “In the next phase, tacti...