El Nino heatwaves to ‘fuel inflation next year’ Economics The ‘Super El Nino’ triggering record temperatures across Europe could add a full percentage point to inflation next year, hampering central bank efforts to slow down price rises, a top investment bank has warned. According to an analysis by Jefferies, harsh weather unleashed by the meteorological phenomenon will pose “an inflationary threat” next year and [...]
Government urged to refuse £1bn British Steel repayment to Chinese former owner Politics Business secretary Jonathan Reynolds has been urged to refuse to pay back almost £1bn in loans to the Chinese former owners of British Steel after it was nationalised earlier this year. British Steel owed just under £1bn to companies connected to its owner Jingye Steel before it was taken into public ownership in an emergency [...]
No 10 backs ‘vertical drinking’ in Soho pubs Hospitality Downing Street has waded into the debate over so-called “vertical drinking” and called on Westminster City Council to “work with” the industry to maintain the culture of pints outside London pubs. “Busy pubs full of people talking to each other is not a public nuisance, it is British life and it is thousands of jobs,” [...]
Champions Cup rugby team hacked in ransom attack with player data at risk August 7, 2026 Champions Cup rugby club Stade Francais has said it is the victim of a cyber attack, with reports stating players’ identity documents are being held to ransom. Cybercriminals have reportedly threatened to release documents relating to players, having already unveiled a number of identifiable documents belonging to 18 players. “Immediate containment, investigation and recovery measures [...]
Norwegian FA chief Klaveness cools Fifa election talk and takes swipe at Blatter August 7, 2026 Norwegian football chief Lise Klaveness has played down her Fifa presidency ambitions and taken a swipe at Sepp Blatter, the former boss of the embattled governing body. Klaveness, a former international player, is a long-standing and outspoken critic of Fifa and has been touted as a potential challenger to current kingpin Gianni Infantino. Infantino is [...]
PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move August 7, 2026 The current headquarters of Big Four giant PwC at 1 Embankment Place is set to be transformed into a “sustainable workspace” in a bid to attract and retain major firms as renters, as it awaits planning permission. City-based property and asset management firm Bridgemont said on Friday it has submitted a planning application to Westminster [...]
Mexico breaks ranks and dents Uefa-led bid to oust embattled Fifa kingpin Infantino August 7, 2026 Mexico’s football association has broken ranks and delivered a blow to Uefa-led hopes of ousting embattled Fifa president Gianni Infantino. Infantino has been attempting to stave off a rebellion from the confederations of Europe, Asia and the Caribbean, Central and North America, who have all strongly condemned his secret attempts to effectively privatise the World [...]
Family feud: London estate agent Winkworth sues chair over plot with wife to oust son from board August 7, 2026 London estate agent Winkworth has initiated High Court proceedings against its chair, Simon Agace, for an alleged breach of contract after he and his wife attempted to oust the company’s board, including his son, City AM can reveal. The AIM-listed company, which is one of the UK’s oldest estate agents and specialises in high-end properties [...]
BBC to broadcast Alexis Ohanian co-founded all-female athletics series Athlos August 7, 2026 The BBC will broadcast the Alexis Ohanian co-founded all-female athletics meet Athlos when it heads to London next month. The event, one of a number on a series funded by the Reddit co-founder, will land at Prem Rugby team Saracens’ Stone X Stadium in September with the likes of Keely Hodgkinson, Sha’Carri Richardson, Gabby Thomas [...]
JD assembles Ikea chair after rocky period for retailer August 7, 2026 The former boss of Ikea has been named as JD Sport’s new chair following a tumultuous period for the retailer. Peter Agnefjäll, who spent more than two decades at the Swedish home furnishing brand, is set to succeed Darren Shapland as the chair of JD from the beginning of September. Shapland was appointed to the [...]