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Business

  • Trump yet to make ‘final determination’ on Iran war despite discussions

    May 30, 2026

    US president Donald Trump is yet to make his ‘final determination’ on the war in Iran, despite holding a meeting with advisers on Friday to reach a decision on extending the ceasefire. Trump is yet to decide whether to move forward with a deal to extend the Iran ceasefire and reopen the Strait of Hormuz, [...]

  • Chaos at Heathrow as burst water pipe causes train cancellations

    May 30, 2026

    Passengers are facing major travel disruption travelling to and from Heathrow airport after a burst pipe ground train services to a halt earlier today. Transport for London said there were no services on the Elizabeth Line between Hayes and Harlington and Heathrow due to a signal failure caused by flooding at Heathrow Terminals 2 and 3. The Heathrow Express was also affected [...]

  • Neil Woodford criticises BP board for ousting ‘shouty’ chairman

    May 30, 2026

    Once-renowned investment manager Neil Woodford has criticised the BP board for ousting its ‘shouty’ chairman after less than a year in post. Woodford called out the oil giant’s board for removing Albert Manifold after just eight months in the job, noting that he is the third chairman the company has been through in three years, [...]

  • Easyjet attracts takeover interest from US private credit firm

    May 30, 2026

    Budget airline carrier Easyjet has drawn takeover interest from private credit firm Castlelake, which could make the airline the latest UK-listed company to be snatched off the stock market. Castlelake said it was in the “early stages of considering a possible offer” for Easyjet on Friday, but was yet to approach the company’s board. The [...]

  • Burnham would end asylum hotel contracts if he was PM, allies say

    May 30, 2026

    Andy Burnham would end the multibillion-pound asylum accommodation contracts if he became prime minister, according to allies of the Labour leadership hopeful. Since March, the Home Office has had the opportunity to trigger a break clause in the ten-year contracts it signed with three private companies which are responsible for sourcing accommodation. The clause allows [...]

  • Universal Music rejects Bill Ackman’s $65bn takeover bid

    May 30, 2026

    Universal Music’s board has rejected billionaire Bill Ackman’s takeover proposal, arguing it “materially undervalues” the company and is ultimately not in the best interest of shareholders or artists. The company’s board unanimously rejected the $65bn (£48.3bn) proposal from Ackman’s Pershing Square Capital on Friday, as it offered to buy the world’s largest record company last [...]

  • How do professional footballers keep their divorces private?

    May 30, 2026

    For footballers and other high-profile athletes, relationship breakdown may start as a personal matter, but where there is fame, wealth, public interest and commercial pressure, it can quickly become something much larger. A messy divorce can dominate headlines, distract from performance, and affect relationships with clubs, sponsors, agents and other commercial partners. The risks are [...]

  • Iran and Russia to target Fifa World Cup, threat experts say

    May 29, 2026

    Russia and Iran rogue actors will target the Fifa World Cup as part of an ongoing anti-US position, according to global threat intelligence experts. This year’s World Cup – taking place across the United States, Canada and Mexico – is likely to be subject to a number of acts of cyber terrorism, while the use [...]

  • Burberry delays climate pledge by a decade to 2050

    May 29, 2026

    Burberry has pushed back its net zero target by a decade, becoming the latest blue-chip business to water down ambitious climate goals set in the wake of the coronavirus pandemic, City AM can reveal. The high-end fashion firm, known for its trench coats and tartan scarves, made the decision to delay its target to become [...]

  • London was once a destination for the young, now it’s a compromise

    May 29, 2026

    New research shows a third of young Londoners expect to leave within two years. The city is pricing out its talent, says Festus Akinbusoye.

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