Costco UK profit soars as Brits buy in bulk amid cost of living pressures Retail Profit at Costco’s UK subsidiary has soared as Brits flocked to the wholesaler to buy in bulk in a bid to swerve cost of living pressures. The grocery chain, which has 29 stores across the UK, including six in London, generated pre-tax profit of £218.6m in the year to the end of August 2025, a [...]
T20 leagues should be ranked into tiers, MLC’s San Francisco Unicorns chief says Sport Business Global T20 leagues should be ranked in tiers to ringfence the best competitions and players, according to the chief of Major League Cricket club the San Francisco Unicorns. David White – whose Unicorns team shares investors with Hundred team London Spirit – says world governing body the ICC will be forced to adjust the cricket [...]
Google and Blackstone take aim at Nvidia in $5bn AI bet Tech Alphabet’s Google and Blackstone are launching a $5bn (£3.7bn) AI infrastructure firm in one of the clearest signs yet that Big Tech is trying to loosen Nvidia’s grip on the AI boom. The deal, as first reported by The Wall Street Journal, will see the pair create a new US-based AI cloud and data centre [...]
Nex Playground Expands to the United Kingdom and Republic of Ireland, Bringing the Active Play System to Even More Families May 18, 2026 Pre-orders start today, May 18, ahead of summer retail availability, as Nex continues global expansion
Andrew Bailey steers push for Anthropic to meet global watchdog over Mythos May 18, 2026 The global financial watchdog is set to discuss the capabilities of the Mythos tool with Anthropic following a push from Bank of England governor Andrew Bailey. The Financial Stability Board, which brings together finance bigwigs from across the G20 nations, will be briefed on the vulnerabilities in the global financial system identified by Mythos. It [...]
UK AI investment hits record £8.3bn as London tightens grip on tech boom May 18, 2026 Britain’s AI sector pulled in a record £8.3bn of investment last year, as global investors raced to back the country’s next generation of AI firms, with London tightening its grip as Europe’s leading tech hub. New research from Barclays Eagle Labs found funding into UK AI companies surged in 2025 after a sluggish period for [...]
Premier League + and why owning the broadcast isn’t owning the fan May 17, 2026 The Premier League and Uefa’s moves into streaming platforms misunderstand the way fans want to consume football, says George Gilmore. In the last few months, the two leading lights in global club football, the Premier League and Uefa, have announced they will be launching direct-to-consumer broadcast offerings. In so doing, a revolutionary, if predictable, moment [...]
German football giants plan biometric stadium entry in place of tickets May 14, 2026 Borussia Moenchengladbach are planning to become one of the first European football clubs to use biometric access technology in place of tickets. An increasing number of US sports venues now offer facial recognition or palm vein scanning as a way of speeding up entry and even buying food and drink or merchandise. In the few [...]
Copyright isn’t dead in the age of AI, it’s key to growing UK creative industries May 14, 2026 Copyright is not a brake on innovation. It is the market mechanism that turns British creativity into investment and the route to responsible AI, says Ed Vaizey The creative industries are not a side hustle for the British economy. They are a serious growth engine. The UK’s music industry alone generates around £8bn in GVA [...]
HSBC is the only UK name on $13 trillion list of top global brands May 14, 2026 The rise of AI has shaken up an influential ranking of global big-name firms, as the competition to become one of the world’s elite brands becomes fiercer than ever, according to an influential index tracking the corporate elite. The Kantar Brandz Top 100 – which ranks the value of brands – unveiled on Thursday, is [...]