Houlihan Lokey Fees Record $2.6bn Despite Mideast Pause
Houlihan Lokey reported record dealmaking fees of $2.6bn in fiscal 2025, up 18% from last year, despite a slowdown in Middle East activity.
Category : Business
City Law Firms Boost US Partner Promotions
As law firms focus on US expansion, partner promotions surge across the Atlantic while London becomes more selective, reflecting strategic shifts in the legal sector.
Heathrow Tunnel Collapse: 1994 Disaster That Nearly Destroyed Piccadilly Line
In 1994, the Heathrow Express tunnel collapse nearly destroyed the Piccadilly Line and caused a crater between runways. The disaster cost £150m to fix.
Finnish Startup Kelluu Teaches UK Defence Lessons
Finland's Kelluu, an accidental defence startup, shows how the UK can reform its sluggish procurement system with innovation, speed, and agile financing.
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Prediction Markets More Accurate Than Wall Street Analysts
Research shows prediction markets like Polymarket outperform Wall Street analysts in forecasting corporate earnings, driven by a small informed minority rather than crowd wisdom.
City AM Awards: Celebrating Business Heroes
City AM Awards 2026 honored 12 winners across sectors, celebrating entrepreneurship and value creation. Nearly 500 guests attended the Guildhall event.
BlackRock Won't Move London HQ Soon, Exec Says
BlackRock executive states the asset manager has no immediate plans to relocate its London headquarters, reaffirming commitment to the UK market.
10 Top-Rated Tequilas in the US: A Pro's Taste Test Guide
Discover the best tequilas from blancos to añejos, taste-tested by a pro. Expert picks for every style and budget, from margaritas to sipping neat.
Potato Chips Recalled Over Salmonella Concerns
Utz recalls Zapp's and Dirty potato chips due to possible salmonella contamination from seasoning. Nine varieties affected nationwide.
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Hantavirus Outbreak: Three Dead on Cruise Ship
Three people have died and several others evacuated after a hantavirus outbreak on the MV Hondius cruise ship. Nearly 150 passengers remain onboard heading to the Canary Islands. Experts assess the risk.
Israeli Charged with Bribery for Betting on Iran Strikes
Israeli authorities charge Omer Ziv and an air force major with using classified information to bet on military strikes via Polymarket, raising insider trading concerns.
Farage Earns £2 Million Since Becoming MP
Nigel Farage has made £2 million since being elected MP, from speeches, media gigs, and gold bullion promotion, plus a £5m gift from a donor.
California Gas Crisis: Last Middle East Oil Tanker Arrives
California's gas prices top $6 as last oil tanker from Middle East arrives, raising supply concerns amid Iran war and Strait of Hormuz closure.
Fertiliser Shortages to Cause Dramatic Global Food Price Hikes
Fertiliser costs for UK farmers have surged by up to 70% due to the Iran war and closure of the Strait of Hormuz, with dramatic impacts on global food prices expected next year, warns Grosvenor Group.
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Discovery, Quantedge Gain in April Market Recovery
Discovery Capital and Quantedge posted gains in April as a ceasefire-driven market recovery boosted hedge fund returns, reversing March losses.
JPMorgan Private Bank OK with Private Credit Allocations
JPMorgan Private Bank's head of alternatives says the firm is comfortable with private credit allocations, citing strong performance and diversification benefits.
2026 City AM Awards Winners Announced at Guildhall
The 2026 City AM Awards winners were crowned at London's Guildhall, with Greg Jackson, Revolut, Shawbrook, and others taking top honors across 12 categories.
Eamonn Holmes Leaves Manchester United Foundation Board
Eamonn Holmes resigns from Manchester United Foundation board after 19 years due to a mandatory break policy. The TV presenter, 66, also faces health issues following a recent stroke.
Hantavirus Kills Dutch Couple After Birdwatching Trip
A Dutch couple who died from hantavirus after a cruise likely caught the illness while birdwatching in Argentina, officials say. Five confirmed cases on MV Hondius.
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Brits Embrace AI but Distrust Full Autonomy, EY Study Finds
74% of UK consumers have used AI recently, but only 14% trust fully autonomous systems. EY research highlights a trust gap as adoption surges.
Amazon Cuts Kärcher K3 Pressure Washer to £64.99
Amazon slashes Kärcher K3 Horizontal pressure washer to £64.99. Compact, powerful, and easy to store. Ideal for patios, cars, and paving. Limited-time deal.
Alton Towers May Guide: Bluey Ride, Nemesis Reborn, Late Openings
Plan your May visit to Alton Towers with new family coaster Bluey the Ride, returning thrill ride Nemesis Reborn, and extended evening hours. Get ticket tips and more.
Sky's HBO Max Bundle: Save Nearly £10 a Month
I calculated the costs of Sky's new Ultimate TV bundle with HBO Max, Netflix, and Disney+. The savings surprised me—up to £10 a month compared to separate subscriptions.
62% of Gamers Skip Full Price Games, Survey Finds
A new survey reveals 62% of hardcore gamers avoid full price games, with Gen X least likely to pay full price. Millennials and Gen Z show different habits.
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Teen Dies in Waterfall Swing Fall After Warning Ropes Were Loose
A 16-year-old tourist fell to her death from a cliff swing in China after repeatedly saying her safety harness was not tight enough. The rope snapped as she was pushed off the platform.
Hamleys Opens Two New London Stores at Major Travel Hubs
Legendary toy shop Hamleys is expanding in London with new stores at Liverpool Street Station and Heathrow Terminal 2, offering travel-friendly toys and games.
Coventry Airport Closes After 90 Years, Final Flight May 9
Coventry Airport will close permanently on June 11, 2026, with all aviation operations ending May 9. The site will become a battery gigafactory, creating thousands of jobs.
AI Boom to Drive Up Electronics Prices, Tech Earnings Show
Tech giants' soaring AI spending is raising memory chip costs, leading to higher prices for smartphones, laptops, and other devices for consumers.
FTSE 100 Resilient Amid Iran War, Intertek Bid Shows Market Strength
Despite the Iran war and market wobbles, the FTSE 100 remains resilient. A £10bn cash bid for Intertek at a 54% premium indicates investor expectations remain high.
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Hantavirus Outbreak on Cruise Ship MV Hondius Kills 3
Three people die from suspected hantavirus on polar expedition cruise MV Hondius off Cape Verde. Seven cases reported, with two confirmed. Passengers and crew remain stuck at sea.
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