OpenAI pauses Stargate UK project over energy costs and regulation April 9, 2026 OpenAI has paused plans to develop a major AI data centre project in the UK, citing high energy costs and regulatory uncertainty. The US firm confirmed that its ‘Stargate UK’ infrastructure initiative, first announced in September, has been put on hold as it reassesses the conditions needed for long-term investment. “We see huge potential for [...]
UK’s best bank revealed – and it’s not a bank April 9, 2026 The UK banking sector’s top bank has been crowned – and (spoiler) it’s not a bank. A new report from Forbes and market research firm Statista analysed the global banking system for the world’s top names in the sector. Over 54,000 people were surveyed across 34 countries in 17 different languages between October and November [...]
Goldman: Oil could remain at crisis prices for rest of year April 9, 2026 Goldman Sachs has warned that oil prices could stay above the $100 a barrel mark for the rest of 2026 if the Strait of Hormuz stays shut for another month. In a note published on Thursday, the investment bank said any truce between Iran and the United States would be fragile, and that four more [...]
Atletico Madrid and Aston Martin investors buy into SailGP team April 9, 2026 Atletico Madrid and Aston Martin investors Quantum Pacific Group have become the latest group to buy a SailGP team in an eight-figure deal. Los Gallos SailGP Team has been purchased by Quantum Pacific Group, which is the largest shareholder of LaLiga club Atletico Madrid after Apollo Sports Capital. Their wider sporting portfolio includes Portuguese football [...]
Tech stocks regain safe haven status amid Iran ceasefire April 9, 2026 American tech stocks have reasserted their role as a market safe haven, as easing tensions between Washington and Tehran trigger a sharp rebound across beaten-down AI and software names. A two-week ceasefire between the US and Iran, alongside a potential reopening of the Strait of Hormuz, has already sparked a relief rally. The Nasdaq jumped [...]
Non-dom reforms blamed for collapse of Harrods luxury property arm April 9, 2026 The collapse of department store Harrods’ luxury property arm was due in large part to the government’s abolition of the non-dom tax regime, estate agents have said. Harrods Estates, which opened on the shop floor in 1897, has announced the closure of its only remaining office in Knightsbridge. London estate agents said the collapse of [...]
Nadine Buckland: I knew I’d make a better business owner than employee April 9, 2026 Each week, we dig into the memory bank of the City's great and good. Today, Nadine Buckland, CEO of Zenzic Capital, takes us through her business career.
John Lewis boss takes 20 per cent pay rise as retailer cuts jobs April 9, 2026 The new chairman of John Lewis took a pay rise and bonus despite the retailer cutting thousands of jobs. Jason Tarry saw his basic pay rate increase by 21 per cent and took a two per cent bonus, despite his firm slashing more than 3,000 jobs last year. Tarry took the reins of the John [...]
ITV and BBC staples part of sport radio station backed by Zac Goldsmith April 9, 2026 ITV and BBC staples Mark Pougatch and Sonja McLaughlan are part of the sports radio station backed by a multi-million pound investment by Tory peer Zac Goldsmith. Goldsmith and his brother, Ben, are major investors in Track Radio, which will launch next month. ITV Sport regular Pougatch and BBC Six Nations specialist McLaughlan have been [...]
Kanye is awful but so is meddling in private enterprise April 9, 2026 Kanye West's actions are deplorable, but if Wireless wanted to platform him that's their business risk to take, writes Joseph Dinnage.