Revolut makes second bid for US banking permit March 5, 2026 Revolut has made its second play for a US banking licence to crack the North American market as efforts for a UK permit continue to drag on. The London-born fintech juggernaut said on Thursday it had filed for a US bank charter as it named its new boss for the North America region. Nik Storonsky, [...]
Less magic, more panic in Disney’s AI deal March 5, 2026 It was always going to happen, wasn’t it? The moment AI video tools became proficient enough to conjure something that looked vaguely like a princess, or a Jedi, Disney would ultimately have to choose: spend the next decade playing a game of Whac-A-Mole in court, or license its assets in-house. The House of Mouse, it [...]
Greg Jackson urges Labour to exploit North Sea oil as UK ‘stares down barrel’ of energy price shock March 5, 2026 Octopus founder and government adviser Greg Jackson has urged Labour to “use what’s available” in the North Sea and rethink its key net zero policies. Jackson said the county was “staring down the barrel” of an energy price shock in light of the conflict in the Middle East. The Octopus chief executive who is also [...]
Watch: War brings Reeves’ failures into focus March 5, 2026 War in the Middle East rendered the Chancellor’s Spring Statement “irrelevant” according to City analysts as the economic impacts of the Iran conflict become frighteningly clear. Rachel Reeves made just a passing mention of the Iran war when she addressed MPs on Tuesday, referring briefly to global instability while trying to paint a picture of [...]
Construction hit by wet weather as low housebuilding weakens output March 5, 2026 The construction sector was hit by “exceptionally wet weather” in February that caused delays and led to a decline in output, new research has shown. S&P Global’s purchasing managers’ index (PMI) showed the beleaguered sector suffered from an “accelerated downturn” in output last month. The construction PMI dropped to 44.5, below the 50-figure mark for [...]
Barclays set to cash in on market frenzy amid Middle East crisis March 5, 2026 Barclays and its UK banking peers could be set for a cash boost from the brewing crisis in the Middle East as investors quickly dump equities and fears of an inflation spike spread. FTSE 100 giant Barclays has been noted as uniquely shielded by analysts due to its mammoth market divisions. Jefferies analysts said the [...]
Oxford Street regeneration a complex undertaking for City Hall March 5, 2026 The centrepiece of shopping in the capital is set for a major makeover, after London mayor Sadiq Khan set out his long-mooted plans to pedestrianise Oxford Street on Wednesday. The plan will transform the makeup of central London and bring huge opportunities for retailers, but the proposal – particularly its computer-generated elements – leave plenty [...]
Should we be worried that AI’s referees are leaving the pitch? March 5, 2026 Zoe Hitzig had one of the more unorthodox jobs Silicon Valley has to offer. She worked on the ethics and policy questions around artificial intelligence at OpenAI – the uncomfortable bits about how these systems are built, used, accessed and paid for. A couple of weeks ago, she quit. Taking the pen for the New [...]
Exclusive: Frasers Group acquires stake in athletic giant Puma March 5, 2026 Frasers Group has taken a stake in athletic giant Puma, City AM can reveal. Retail giant Frasers has acquired 246,000 shares in the athletic group, according to German filings published on Thursday. Puma’s share price currently stands at €22.50, meaning this 5.77 per cent stake is worth more than €5.5m. Frasers Group, founded by British [...]
Formula 1 signs first ever official betting operator in multi-year deal March 5, 2026 Betway has announced a deal with Formula 1 in a move that will see the motorsport agree its first ever betting operator sponsorship. The move, which is not a global sponsor, spans Europe, the Middle East and Africa, as well as Canada and Mexico and sees Formula 1 enter the betting market. Betway platforms will [...]