Meta to cut 8,000 jobs as AI spending soars April 24, 2026 Meta Platforms is set to cut around 8,000 jobs next month as it ramps up spending on AI, in what marks one of the company’s largest rounds of layoffs in recent years. The move, as first reported by Bloomberg, will see roughly 10 per cent of Meta’s workforce cut, alongside plans to leave thousands of [...]
JD Sports boss quit after failed coup attempt April 24, 2026 The chair of JD Sports quit earlier this week because he failed to convince its board to eject its chief executive, it has been revealed. Andy Higginson quit as chair of the FTSE 100 sportswear retailer on Wednesday, with his tenure set to complete after the firm’s annual meeting in July. He said he was [...]
Computacenter shares jump as FTSE 250 firm lifts profit forecast April 24, 2026 Shares in Computacenter jumped on Friday as the firm upgraded its profit forecast after cheering a surge in customer demand. The FTSE 250 IT supplier said it now expects to “deliver a much stronger performance” with 2026 pre-tax profit set to come in well ahead of market expectations of £291m. The Hertfordshire-based business said customers [...]
Santander celebrates the winners of the SW50 2026 programme April 24, 2026 Puja Patel, Head of Strategic Programmes and Universities at Santander UK, recently said: “It’sso important that we celebrate and recognise female talent in the workplace. Without women, wedon’t get the diverse balance that can drive growth, positive change and a greater impact in terms of what society can offer.” Celebrating and recognising female talent sits [...]
‘There’s a lot of risk out there’ – Bank of England warns of market ‘adjustment’ April 24, 2026 A top Bank of England official has warned that global markets could fall even further with current share prices not reflecting the economic risks at play. Sarah Breeden, the Bank’s deputy governor for financial stability, said: “There’s a lot of risk out there and yet asset prices are at all-time highs. “We expect there will [...]
Trump threatens UK tariffs over digital tax row April 24, 2026 Donald Trump has warned he could slap fresh tariffs on the UK if it refuses to scrap its digital services tax, escalating tensions between London and Washington. Speaking from the Oval Office, Trump said the US could “very easily” respond to the levy by targeting British exports. “We’ve been looking at it and we can [...]
Retail sales jump as motorists stock up on fuel April 24, 2026 Retailers saw a much-needed sales boost in the last month as Brits rushed to stock up on fuel amid fears that the Iran war could choke global supplies. Total retail sales were up 0.7 per cent in March, compared to a 0.6 fall in February, as fuel sales rose sharply by more than six per [...]
FTSE 100 Live: Stocks drop as Trump in ‘no rush’ to end Iran war; Retail sales jump on fuel rush April 24, 2026 Good morning and welcome back to the City AM liveblog. Donald Trump has slapped another extension on ceasefires in the Middle East following Wednesday’s intervention, where a previous deadline was set to expire. Just days ago, Trump said he was extending the ceasefire indefinitely as the deadline for strikes on Iranian power plants drew nearer. [...]
KPMG: Over half of insurance CEOs anticipate major M&A disruption April 24, 2026 Partner content, in association with KPMG Insurance A new major report by Big Four giant KPMG has revealed that over 50 per cent of CEOs in the insurance sector expect high-impact M&A deals to affect their businesses, a figure higher than in any other sector in the survey. Huw Evans, Partner and head of insurance [...]
‘Wake-up call’ for UK financial firms as internal control failures drive £1bn fines April 24, 2026 UK financial services firms, which faced £1bn worth of fines since 2021 for internal control failings, should be “seriously concerned”, says the Chartered Institute of Internal Auditors (CIIA). More than half of the 97 Financial Conduct Authority (FCA) enforcement cases analysed by CIIA relate to firms “not getting the basics right”, with many linked [...]