Burnham rows back on £10bn Waspi women offer June 11, 2026 Andy Burnham has rowed back on an apparent offer to consider a £10.5bn payout for Waspi women, a group of female pensioners who argue that they were not told about a rise in the state pension age. Burnham had told activists that he would “stick by the Waspi women – Women Against State Pension Inequality [...]
BT boss bags pay rise despite £3.7bn cost-cutting drive June 11, 2026 BT chief executive Allison Kirkby received a £5.6m pay package last year, more than double the £2.5m she earned a year earlier, as the telecoms giant accelerated a sweeping cost-cutting programme designed to strip billions from the business. According to the FTSE 100 group’s annual report, Kirkby was paid £5.58m for the year to 31 [...]
Wimbledon hikes prize money but refuses to bow to tennis stars’ demands June 11, 2026 Wimbledon chiefs have announced a bumper increase in prize money for this year’s championships – but rejected calls from top tennis players for a percentage of revenue. The prize total pot for Wimbledon, which starts later this month, has been boosted by 20 per cent year-on-year to a record £64.2m. It follows pressure from the [...]
Kane and Rice sign wearable tech deals ahead of World Cup June 11, 2026 England football stars Harry Kane and Declan Rice will wear smart rings during the World Cup after signing long-term deals with Oura. The smart ring, which helps with sleep and recovery, will be worn by the Three Lions captain and the Arsenal stalwart. The pair join an Oura roster, headquartered in San Francisco, that includes [...]
Truth bomb: Defence secretary John Healey resigns over funding battles June 11, 2026 John Healey has resigned as defence secretary after months of tension with Sir Keir Starmer over funding for an uplift in spending on the armed forces. In a letter to the Prime Minister, Healey said the government’s draft for the Defence Investment Plan (DIP) “falls well short of what is required for defence and the [...]
Hugo Boss shares soar as Mike Ashley’s Frasers circles June 11, 2026 Hugo Boss shares have jumped following a €2bn takeover approach from Frasers, sending its share price above the offer tabled by Mike Ashley’s group. The German luxury brand said it is reviewing the “unsolicited” takeover attempt, which would offer €38 per share, totalling about €1.98bn and valuing the fashion house at €2.7bn. But the takeover [...]
Elevate founder Julia Baldet: Hospitality is brutal, but I don’t regret leaving finance June 11, 2026 Each week, we dig into the memory bank of the City’s great and good. Today, Julia Baldet, founder of City smoothie hotspot Elevate, takes us through her career.
AI is transforming job references June 11, 2026 A startup with less than $20m just automated trust with an AI model that gathers references. Every executive should read this.
Reeves aims to lure US workers through tax reform June 11, 2026 Chancellor Rachel Reeves is considering a tax break for US workers by introducing fresh reform, reflecting her drive to lure more wealthy migrants despite a wider crackdown on immigration. The government has launched a consultation on the double taxation for investors who may be based in the UK but who work for US firms that [...]
KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants June 11, 2026 Big Four giant KPMG’s removal of its Friday early finish for employees is affecting branding and souring the mood among staff, who may see this as a signal to reconsider a career at the firm. Time spent working at a Big Four giant was once a prized bauble to list on a CV. But with [...]