Trump’s tough stance on DEI costs Big Four giant Deloitte millions August 26, 2026 Deloitte has agreed to pay the US government $21.5m to settle allegations that it violated federal ‘equal opportunity’ requirements in its contracts, as the Trump administration continues its crackdown on diversity, equity, and inclusion. The US Justice Department claimed that from 2017 to the present, the Big Four giant had falsely said it had complied [...]
‘Broken promises’: Burnham under fire on cost-of-living plans as energy bills set to surge August 26, 2026 Andy Burnham is facing pressure over his commitment to tackle the cost-of-living crisis as energy bills are set to jump again. Opposition figures have accused the Prime Minister of breaking Labour’s pledge to cut household energy bills, with one Tory figure dubbing the price hike “outrageous”. The price cap on bills is set to rise [...]
Interpath chief fined for breaching confidentiality rules before KPMG spin-off August 26, 2026 The chief executive of restructuring firm Interpath Advisory has been fined for allegedly breaching confidentiality standards before the company was sold to private equity by Big Four accounting giant KPMG, its former owner. The UK’s accounting body, the Institute of Chartered Accountants of England and Wales (ICAEW), said Mark Raddan, a former KPMG board member, [...]
Whey and weight-loss drugs to eat into Applied Nutrition profit August 26, 2026 Applied Nutrition has warned that a major jump in whey protein prices will eat into its bottom line next year even as it beefed up its forecasts for the next year. The protein-shake maker revealed its adjusted pre-tax profit had risen by more than 40 per cent in the 12 months to August, a figure [...]
Jordan-backed Sportradar accused of hiding from justice in monopoly row with rival August 26, 2026 Michael Jordan-backed betting data giant Sportradar has been accused of trying to “shield itself from US justice and public scrutiny” in a multi-million-dollar legal row with competitor Altenar. Lawyers for Altenar told a US federal court that Sportradar’s request to move the dispute to private arbitration in Switzerland, where its head office is located, should [...]
‘We’d love an apprentice – but the government has made it too expensive’ August 26, 2026 Small companies around Britain are facing a cost of business crisis. Bowers & Jones, an award-winning manufacturing firm, tells City AM that changes to the minimum wage have priced it out of employing apprentices. When Jane Somerville led a management buyout of her manufacturing firm and shifted its entire factory across the West Midlands in [...]
Gatwick takes ‘significant’ passenger hit from Iran war August 26, 2026 Gatwick has suffered a “significant” decline in passenger numbers as a result of the Iran war after airlines cancelled flights to the region and holidaymakers swerved destinations like Cyprus, Greece and Turkey. The UK’s second-biggest airport saw total passenger numbers drop by nearly five per cent because of the Middle East conflict, weighing on revenue [...]
Energy price cap rises to three-year high August 26, 2026 Brits are set for another squeeze from energy bills this winter after watchdog Ofgem confirmed the price cap was set to rise to a three-year high. The regulator said on Wednesday the default tariff for consumers across Britain would increase four per cent to £1,723 for the final quarter of the year. The rise marks [...]
As it happened: Antofagasta leads FTSE 100 rally; oil falls as US-Iran deal ‘close’ August 26, 2026 Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index slipped on Wednesday morning, dragged down by oil majors BP and Shell, before recovering later in the day to be level with Tuesday’s close. Brent crude – the international benchmark – fell by more than two per cent on Wednesday to $86 [...]
Economists urge Bank of England to halt bond sales as borrowing costs climb August 26, 2026 The Bank of England should abort its costly approach to unwinding quantitative easing, which is stoking the government’s elevated borrowing costs and costing the taxpayer billions of pounds, a group of analysts and bond investors have said. The government’s long-term borrowing costs have risen to levels not seen this century, amid unease at the country’s [...]