‘Calm before the storm’: City warns Healey growth spurt won’t last September 11, 2026 The UK economy’s surprise summer growth spurt is set to be “blown away” by a spike in energy prices and a recent surge in the cost of borrowing, economists have warned the government. Fresh figures revealed on Friday that the economy expanded 0.4 per cent in July, ahead of initial forecasts that predicted flat growth. [...]
Wetherspoon boss: ‘Not up to Burnham’ to choose who is on the high street September 11, 2026 Britain’s pubs have few more committed defenders than Sir Tim Martin. The Norwich-born businessman founded JD Wetherspoon in 1979 when he bought his first pub in Muswell Hill, initially named Martin’s Free House. Since rebranding the pub to Wetherspoon – named after a former teacher of Martin’s who could not control his class – it [...]
On this day: ‘I can hear you… and the people who knocked these buildings down will hear all of us soon’ September 11, 2026 On this day, 25 years ago, the world changed forever. Eliot Wilson takes us through the tragic events that happened on 9/11.
Government admits Burnham’s Whitehall shake-up leaves tech policy in limbo September 11, 2026 Nearly two months after Andy Burnham abolished Britain’s technology department, ministers have admitted parts of the former department still have nowhere to go. A long-awaited breakdown of the Department for Science, Innovation and Technology (DSIT) carve-up revealed a “small number of policy areas” are yet to be allocated, while some staff are still waiting to [...]
London’s unicorn boom is masking an early-stage funding crisis September 11, 2026 European tech is experiencing two diametrically opposed extremes. On paper, there has never been a better time to build, writes Christoph Klink A new breed of rocketship unicorns are reaching billion-dollar valuations in record time. London sits at the absolute centre of this surge, home to 43 per cent of all European rocketship unicorns – [...]
Chelsea valuation doubles under BlueCo to £5bn as Boehly and Walter eye exit September 11, 2026 Todd Boehly and Mark Walter’s exit from Chelsea is set to see the business valued at around £5bn in another marked escalation of elite football club valuations. The valuation is double the £2.5bn price that saw the Boehly and Clearlake consortium beat off competition to buy the London club from Roman Abramovich in 2022. That [...]
Four interest rate hikes loom despite surprise economic growth September 11, 2026 The Bank of England is expected to hike interest rates as many as four times within the next year, City figures have said, after the economy delivered surprise growth in July. The central bank is expected to be buoyed by this morning’s GDP figures, which saw the UK economy grow by 0.4 per cent in [...]
City lawyer pleads not guilty to insider dealing charges September 11, 2026 A City lawyer has pleaded not guilty to five counts of alleged insider dealing for trading in the assets of maternity fashion brand Seraphine Group. The Financial Conduct Authority (FCA) revealed in July that it charged Richard Bloomfield, 38, with allegedly using inside information he obtained while advising on the buyout of London-listed maternity brand [...]
Regulator opens triple probe into Prax Group’s oil audits September 11, 2026 The audit watchdog has launched three separate investigations into the auditing of the collapsed UK energy challenger Prax Group. The Financial Reporting Council (FRC) opened probes into the financial oversight and audit of Prax’s parent company, State Oil, and will also examine Big Four KPMG’s audit of the fiscal years ended 28 February 2022 and [...]
Stamp duty reform is ‘urgent,’ Berkeley tells Burnham September 11, 2026 Berkeley has urged Andy Burnham to commit to “urgent reform” to stamp duty, which it says has become a “binding constraint” on housebuilders and buyers. The FTSE 250 firm said that stamp duty is to blame for the slump in demand for new homes, because it makes first-time-buying unaffordable and dissuades existing homeowners from moving [...]