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      Thames Water creditors open door to public control under Burnham

      Thames Water infrastructure with pipes and valves, highlighting water management in urban areas amidst ongoing utility dis...

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Business

  • Canary Wharf’s reinvention is a triumph

    July 1, 2026

    Seven years ago, almost to the day, I found myself leaning backwards over the ledge at the very top of the Barclays tower in Canary Wharf. I exchanged a glance with the then Lord Mayor, Peter Estlin (a former Barclays exec, incidentally) to my left before pushing off like a commando and conducting a flawless, [...]

  • Two Uzbekistani London debuts delayed to next year

    July 1, 2026

    The eagerly anticipated London listings of two Uzbekistani state-owned companies have been pushed back to 2027, the country’s deputy prime minister has said, despite the successful public debut of its national investment fund earlier this year. Jamshid Kuchkarov told an event in Tashkent that planned IPOs of Uzbekistan Airways and telecom giant Uzbektelecom will no [...]

  • Exclusive: Reynolds never met Thames Water investors before rejecting rescue deal

    July 1, 2026

    Environment secretary Emma Reynolds never met the investors behind a proposed Thames Water rescue package before slapping down their deal out of hand last month, City AM can reveal.  Reynolds, who is the minister responsible for water policy, has left officials in her department to meet representatives of a large creditors’ group, which includes investment [...]

  • UK banks’ digital ID bid is a game of optics – and the odds are not in their favour

    July 1, 2026

    A digital ID row has dominated headlines in the last year, and banks are set to join the row. In this week’s column, Samuel Norman takes a look at what they might be in for. Britain’s banks have voluntarily thrown themselves into one of the most toxic culture wars of the decade. Few subjects evoke [...]

  • Businesses confidence slumps as Burnham prepares for power

    July 1, 2026

    Ministers must prioritise delivery over “changes in the machinery of government” if business confidence is to recover, one of Britain’s top lobby groups has said, in a warning to Andy Burnham as he prepares to shake-up Whitehall and shift power to the North of England. In its monthly business confidence survey, the Institute of Directors [...]

  • Nscale and ElevenLabs power £41bn AI boom as Britain cements unicorn crown

    July 1, 2026

    Britain’s AI sector has more than tripled in value in just a year, with fast-growing firms including Nscale and ElevenLabs now worth a combined £41bn as the UK strengthens its position as Europe’s leading startup hub. New research from the Hurun UK Unicorn Index shows the country’s nine AI unicorns have surged to a combined [...]

  • The real AI risk isn’t job losses, it’s who can see what

    June 30, 2026

    Beyond the fearmongering, it’s a more mundane AI threat that will be making waves in boardrooms, writes Paul Armstrong.

  • A Midsummer Night’s Dream review: Fairy punk production doesn’t quite take flight

    June 30, 2026

    A Midsummer Night's Dream is given a Last Dinner Party makeover complete with a punk fairy band, but it doesn't fully capture the magic.

  • Nandy ‘minded to intervene’ in Paramount’s £85bn Warner Bros takeover

    June 30, 2026

    Culture secretary Lisa Nandy will ask the competition and media watchdogs to probe Paramount’s £85bn acquisition of Warner Bros Discovery to ensure the mega-deal doesn’t stifle the breadth of Britain’s media ecosystem. The Wigan MP said on Tuesday that she planned to authorise both the Competition and Markets Authority (CMA) and Ofcom to examine the [...]

  • City launches new Digital ID framework against AI fraud

    June 30, 2026

    The City of London Corporation has unveiled plans for a new digital identity framework it claims could unlock more than £5bn for the UK economy, as policymakers and the financial sector race to tackle increasingly sophisticated AI-enabled fraud. A blueprint published on Tuesday proposes a “Digital Verification Orchestrator”, or DVO – a system set to [...]

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