Todd Boehly and Mark Walter to sell stakes in Chelsea? August 17, 2026 Todd Boehly and Mark Walters could cease being co-owners of Premier League club Chelsea after engaging in talks to sell their respective stakes to Clearlake Capital. The move could value the club at £5.5bn just years after a Boehly-fronted consortium purchased the club for £4.25bn – including promised funds for stadium developments – from the [...]
Paramount-Warner Bros deal faces ‘sufficient competition’, says CMA August 17, 2026 The Paramount-Warner Bros Discovery merger will face “sufficient competition” in the UK to prevent the combined Hollywood giant from gaining too much market power, the competition watchdog has said. In a full decision published on Monday, the Competition and Markets Authority (CMA) laid out why it cleared the £111bn tie-up earlier this month, after examining [...]
Watchdog takes aim at lawyers blaming juniors for AI blunders August 17, 2026 The legal watchdog has called out lawyers responsible for supervising junior staff when false AI-generated citations are put forward to the courts, as senior lawyers “remain accountable” for juniors. The Solicitors Regulation Authority, the legal regulator for over 200,000 English and Welsh solicitors, said in a warning notice issued on Monday that those in charge [...]
Labour backbencher adds to criticism of stamp duty on shares August 17, 2026 A Labour backbencher with experience in the financial services sector has urged Healey to reconsider stamp duty on shares in UK trading. Callum Anderson, the Labour MP for Buckingham and Bletchley, set out a list of growth policies for Healey to prioritise at the Budget. The proposals break from some of the party’s current economic [...]
Luxury London property developer collapses as housing market slows August 17, 2026 A luxury London property developer has collapsed after running out of funds, as the capital’s prime housing sector faces growing pressure. London Richmond Ltd, which describes itself as a “boutique” developer focusing on the “finer areas” of the capital, has appointed administrators, City AM has learned. In the latest sign that London’s prime property market [...]
South Africa sport minister on Olympics bid, Formula 1, Springboks and LIV Golf August 17, 2026 When you think of sport in South Africa images from the 1995 Rugby World Cup come to mind alongside the sound of vuvuzelas en masse in 2010 and Chad le Clos (and his father, Bert) at the London 2012 Olympic Games. But there remains a feeling that the Rainbow Nation, and the wider African continent [...]
Skilled tech visa applications fall again despite AI talent push August 17, 2026 The number of overseas tech workers applying for UK visas has fallen for a third consecutive year, despite ministers promising to make Britain a magnet for global AI talent. A Freedom of Information (FOI) request by consulting firm RSM UK found that applications from skilled tech workers dropped seven per cent to 34,936 in 2025, [...]
Monzo chair makes early exit after boardroom rift August 17, 2026 The chair of Monzo will make an early exit from the UK fintech next month following a period of a turmoil in the neobank’s boardroom. Garry Hoffman will step down from his role as soon as next month, ending his tenure over a year earlier than his nine-year term permits. He will be replaced by [...]
Jenrick: Welfare cuts worth £50bn allows us to ‘sustainably pay’ triple lock pension August 17, 2026 Reform UK’s Robert Jenrick has said a £50bn welfare cut plan allows the state to “sustainably pay” for the triple lock pension. In a press conference on Monday, Jenrick said plans to strip welfare from around 3m people, including foreign nationals, would be the biggest overhaul of the benefits system in a generation. Jenrick said [...]
‘We have been ignored for most of our life,’ says FTSE 100’s newest bank August 17, 2026 Lion Finance thought of itself as the London Stock Exchange’s wallflower. But after its promotion the the market’s blue-chip index earlier this year, the bank is finally getting noticed. Shares in the group formerly known as Bank of Georgia have enjoyed a quiet ascent since the beginning of 2022. In that four-year window the stock [...]