Cabbies face robotaxi squeeze as Addison Lee boss warns of ‘predatory pricing’ March 23, 2026 London’s cabbies could be priced out of the market unless regulators step in to curb “predatory pricing” from deep-pocketed tech giants, the boss of Addison Lee has warned. Chief executive Liam Griffin said companies like Waymo, Wayve or Tesla risk undercutting traditional operators by subsidising fares to win market share, echoing concerns from the early [...]
Welsh Fire Hundred owner still in mix for $1.7bn Rajasthan Royals IPL team March 23, 2026 The co-owner of The Hundred team Welsh Fire remains in the hunt for Indian Premier League franchise Rajasthan Royals despite a rejected $1.7bn bid, City AM understands. The Royals, who won the first season of the Indian Twenty20 competition in 2008, are one of two high-profile IPL teams currently up for sale. Royal Challengers Bengaluru, [...]
Worried about AI taking your job? Zuckerberg is building one to do his March 23, 2026 While much of the debate around AI has swirled around which jobs it may inevitably replace, Big Tech behemoth Mark Zuckerberg is placing the technology at the helm of his trillion dollar business. The Meta chief executive is developing a personal AI agent designed to assist with his role, retrieving information, and cutting through layers [...]
Small businesses ‘dismayed’ at HMRC plan to tighten tax rules March 23, 2026 Small businesses are “dismayed” at the prospect of tax rules being tightened under new proposals set out by HMRC. The rules, which are subject to a consultation, would require close companies, which are defined as firms controlled by five or fewer individuals, to provide HMRC with details of all transactions between the company and its [...]
Holidaymakers face billion-pound tax on ‘great British holiday’ March 23, 2026 The “great British holiday” is under threat from a proposed tax which would hit visitors with £1.6bn in new charges and threaten 33,000 jobs, hospitality bosses have warned. The country’s holiday economy could be “decimated” by a levy on tourist accommodation which would turn away domestic and international holidaymakers, according to new modelling. Industry body [...]
Trump’s call to pause strikes in Iran boosts markets March 23, 2026 Global markets leaped on news that President Trump paused strikes on Iranian infrastructure as he hinted that negotiations had been “very good and productive”. Brent crude – the international benchmark for oil prices – plunged back to below $100 per barrle after having jumped to $112 earlier in the day. The FTSE 100 also rose [...]
Bath Rugby debts topped £32m before Dyson investment as club makes £2.8m loss March 23, 2026 Bath Rugby’s debts to its owner reached £32m in their triumphant Prem Rugby season before billionaire Sir James Dyson purchased 50 per cent of the club. The West Country club last week announced a deal that saw the hoover magnate take an equal stake in the club alongside long-time funder Bruce Craig. The deal reportedly [...]
FCA hands Palantir sensitive data in AI crime push March 23, 2026 Britain’s financial watchdog is turning to AI to hunt down fraud, raising security questions over who gets to see and use sensitive data. The Financial Conduct Authority (FCA) has awarded Palantir a three-month contract to analyse its internal intelligence systems which notably contain highly sensitive case files, in a bid to sharpen fraud detection. The [...]
Federal Reserve orders Oaknorth to set up UK holding firm March 23, 2026 Digital bank Oaknorth has been ordered by the US financial watchdog to switch its domicile to the UK to get the green light on its takeover of a Michigan-based bank. The small business lender is exploring plans to establish a new UK holding company as a way to seal the deal on its acquisition of [...]
Pagefield owner PPHC ramps up political consultancy with WPI acquisition March 23, 2026 AIM-listed consultancy firm PPHC has ramped up its politics offering after acquiring government relations business WPI Strategy. Founded in 2014, WPI turns over around £2.5m per year and counts the likes of London City Airport, Microsoft, Pension Insurance Corporation, and Vodafone Three among its clients. The company, which counts a number of former Labour advisers [...]