Legal & General handles King’s staff pension schemes as monarch’s £13m tax bill revealed June 26, 2026 Legal & General handles the King’s staff pension schemes, official accounts have shown in disclosures of the monarch’s financial activities. In the first annual account of the King’s tax bill and sovereign activities, it was revealed that Charles III was among the top 100 taxpayers in the country. The accounts also uncovered details about his [...]
Miliband would be ‘disaster’ as Chancellor, says Labour cost of living chief June 26, 2026 Keir Starmer’s cost of living champion has warned that Ed Miliband would be a “disaster” as Andy Burnham’s Chancellor. Lord Richard Walker, who is also executive chairman of budget supermarket Iceland, told BBC Newsnight that the current energy secretary’s net-zero policies are putting an undue burden on household bills. He said: “Climate change is real, [...]
Volex takes ‘conservative’ approach to data centre growth forecast amid AI capex splurge June 26, 2026 The boss of Volex has said the firm has taken a “conservative” approach to the growth of its data centre arm after a surge in capex spend among the AI hyperscalers sent its revenue soaring. The Hampshire based connectivity products business, which supplies key components used in data centres, posted a 14.4 per cent rise [...]
Apple memory chip warning causes fresh Asia tech sell-off June 26, 2026 Markets across Asia fell sharply during Friday trading after US tech giant Apple blamed memory chip shortages on its decision to hike product prices. South Korea’s blue-chip Kospi suffered the biggest losses, forcing the stock exchange to trigger a 20 minute trading halt for the third time this week. It also marked the fifth trading [...]
Iran war to dent passenger volumes, Heathrow warns June 26, 2026 Heathrow has told its creditors the Iran war will dent passenger volumes at the west London hub in an update in which it also railed against plans for a new regulatory model being proposed by the aviation watchdog. In a bi-annual report aimed at its bondholders, Heathrow Airport Limited (HAL) said that despite the regional [...]
‘Great shame’: Berkeley challenges blocked Peckham development June 26, 2026 Berkeley has launched a bid to push through its 850-home development at a “run down” Peckham shopping centre, slamming the council for its “spectacular failure” to meet housing targets. The FTSE 250 housebuilder has applied for a judicial review of the planning inspectorate’s decision to block the plans, which it says wrongly put heritage concerns [...]
Wise profit slides as costs racks up from US listing June 26, 2026 Money transfer firm Wise saw its profit fall in its latest financial year as costs related to its new primary listing on Wall Street helped take a chunk out of the company’s bottom line. The UK fintech’s profit before tax slid eight per cent to $660m (£500m) – down from $717.5m – in its first [...]
Meta’s prediction markets app to prompt scrutiny from British regulators June 26, 2026 Meta’s reported plans to launch a standalone prediction market app could face regulatory hurdles in Britain, where rival US platforms have already struggled to gain access to one of the world’s largest betting markets. The New York Times reported on Wednesday that the Facebook owner is internally developing Arena, a new experimental prediction market product [...]
As it happened: Stocks tumble after Apple rattles global markets; UK food exports hit by US tariffs June 26, 2026 Welcome back to the City AM liveblog. Markets are digesting fresh inflationary fears driven by Apple’s price hike as well as renewed threats over the safety of the Strait of Hormuz this morning after a projectile struck a vessel off the coast of Oman. Asian equity markets took a tumble overnight as price increases announced [...]
Women’s rugby in England is way ahead, and the RFU deserves credit June 26, 2026 In a phrase many thought a rugby fan would never utter: The RFU, the governing body of the sport in England, is doing a world-leading job. Hold the front page, it surely cannot be true given recent controversies surrounding bonuses and the structure of the men’s game below Prem Rugby. But it is true. But [...]