British Gas to cough up £20m for ‘unfair treatment’ of vulnerable customers May 15, 2026 British Gas is set to cough up £20m after the watchdog closed an investigation into the energy giant and found it “fell short in its treatment of an unacceptable number of vulnerable customers”. The investigation looked into British Gas’ treatment of customers who had prepayment meters (PPMs) installed without permission, with consumers set to benefit [...]
David Beckham becomes Britain’s first billionaire sportsman May 15, 2026 David Beckham has become Britain’s first billionaire sportsman after his wealth doubled in the last year, according to the Sunday Times Rich List. The former captain of the England football team and his wife, Victoria Beckham, are now estimated to be worth almost £1.2bn. Beckham has benefited from the surging valuation of Inter Miami, the [...]
Sunday Times Rich List: Bath and Man United owners Dyson and Ratcliffe lose £10bn May 15, 2026 Manchester United and Bath Rugby investors Sir Jim Ratcliffe and Sir James Dyson have lost £10bn in the last year, according to the Sunday Times Rich List. Dyson, who earlier this year purchased 50 per cent of Prem Rugby club Bath, saw his and his family’s wealth fall £8.8bn, from £20.8bn to £12bn between 2025 [...]
Rich List reveals scale of wealth exodus from Britain May 15, 2026 Revolut chief executive Nik Storonsky and quant house luminary Alex Gerko have both featured in the top 10 of The Sunday Times Rich List for the first time, in a year its author warned laid bare the scale of Britain’s wealth exodus. As many as one in six of the individuals and families who appeared [...]
As it happened: UK borrowing costs rattled by Burnham’s Parliament bid May 15, 2026 Welcome back to the City AM liveblog. Andy Burnham has made his move – and it has left markets on edge. On Thursday evening, after markets had closed, a Labour MP sensationally announced their intention to stand aside to allow Burnham to make his way back into Parliament. And this morning it’s left gilt yields [...]
England Red Roses are great for rugby, but are they bad for business? May 15, 2026 Should the dominant England rugby team beat France on Sunday in the final round of this year’s Women’s Six Nations they will notch up their 38th consecutive Test victory. It is an amazing feat by one of the most incredible sports teams in the world, but is it good for business? For England, yes. For [...]
Year of the fire horse brings glad tidings as Burberry’s bet on China pays off May 15, 2026 FTSE 100 fashion house Burberry had spooked the market with its drastic cost-cutting turnaround, but its full-year results saw the brand canter back to profit. Felix Armstrong looks at the firm’s renewed focus on Chinese consumers British luxury brand Burberry has identified a symbol of “luck and prosperity” according to its latest collection for the [...]
Championship play-off final may be postponed over spygate, EFL admits May 14, 2026 The EFL have not ruled out postponing the Championship play-off final between Hull and Southampton over recent spygate accusations. Southampton’s semi-final opponents Middlesbrough lodged a complaint with the Championship’s governing body after a man was spotted outside of Boro’s training ground with a camera. Southampton were charged with breaching EFL regulations after Middlesbrough’s complaint but [...]
As it happened: Markets on high alert as Streeting calls on Starmer to resign May 14, 2026 Welcome back to the City AM liveblog. The past few days of political drama have to come to a head today and UK assets are bracing for a showdown. All eyes were on the bond market after Wes Streeting resigned as health secretary and called for a leadership contest. Gilt yields see-sawed yesterday as Sir [...]
BT bags five-year digital contract with BAE Systems May 14, 2026 BT has signed a five-year deal with BAE Systems to provide secure connectivity across the defence giant’s global operations, as military contractors ramp up digital infrastructure spend. The contract will see BT support BAE’s network across 40 countries, with an option to extend the partnership by an additional three years. The deal comes as BAE, [...]