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      Will Formula 1 need to refund sponsors for cancelled Middle East races?

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Business

  • Industry backs mooted Burnham plans for return of alcohol on football terraces

    July 29, 2026

    Industry has backed mooted government plans to consult on allowing football fans to drink alcohol on the terraces for the first time in more than 40 years. Fans of clubs in the football league were barred from drinking in view of the pitch in the 1980s to stop football hooligans from fighting. But the Prime [...]

  • Grant Thornton set for $5bn CBIZ buyout in landmark accountancy deal

    July 29, 2026

    Grant Thornton is set to buy New York-listed management consulting firm CBIZ in a proposed $5bn deal, one of the largest transactions of its kind in the accountancy sector, creating the fifth-largest professional services firm in the US. CBIZ, the only audit firm listed on the US stock market, is set to be acquired by [...]

  • Mortgage approvals inch up yet gains to be ‘retracted’

    July 29, 2026

    Mortgage approvals rose slightly in June, according to Bank of England data, yet growing fears of a rise in interest rates could set the property market back again. Net mortgage approvals climbed by around three per cent, from 56,565 in May to 58,200 in June.  That remained below the six-month average of around 61,400, and [...]

  • Europe to host Formula 1 finale if Iran war scuppers Qatar and Abu Dhabi plans

    July 29, 2026

    Europe will host the Formula 1 finale if the ongoing war in Iran scuppers planned Grands Prix in Qatar and Abu Dhabi. Formula 1’s 24-race season had already taken a double hit, with races in Saudi Arabia and Bahrain postponed indefinitely earlier this year. The Bahrain Grand Prix will now take place in Malaysia. But [...]

  • ‘Difficult decisions’ – Burnham looks at new tax on workers to fund social care overhaul

    July 29, 2026

    Andy Burnham has pleaded for opponents to engage in a cross-party discussion over sweeping adult social care reform as he warned that “difficult decisions” would have to be taken to fund the plans. In a press conference from a Jewish care centre in North London, Burnham indicated he wanted social care to be funded on [...]

  • European Commissioner vows to probe Fifa sell-off amid furious backlash

    July 29, 2026

    Furious European Commissioner for Sport, Glenn Micallef, has vowed that the EC will investigate Fifa’s controversial proposals to sell stakes in a new commercial entity to outside investors.  Football’s world governing body on Monday revealed plans to raise $4bn by selling minority holdings in a new vehicle, Fifa Forward Enterprise, that would control all commercial [...]

  • Mike Ashley’s Frasers circles Burberry in latest luxury swoop

    July 29, 2026

    Mike Ashley’s Frasers Group is eyeing up a holding in Burberry as its latest push into luxury fashion.  Frasers has revealed that it holds the rights to a 4.2 per cent stake in the British fashion house, which would make Ashley’s group one of its biggest shareholders. The position is held through put options, which [...]

  • St James’s Place suffers £1bn hit to flows as investors look to dodge pension tax

    July 29, 2026

    St James’s Place took a £1bn hit to net inflows in the first half of the year as investors pulled cash from its funds to dodge market volatility and a looming pension tax bill. Net inflows declined from £3.8bn to £2.7bn in the first half of the year, in line with analyst expectations. The group [...]

  • PwC thought leadership reports ‘100 per cent AI generated’

    July 29, 2026

    The Big Four giant PwC has been found to have published four ‘thought leadership’ reports that show a pattern of irresponsible AI usage, including hallucinated citations and fabricated claims. A probe by GPTZero, a company that makes AI detection software, focused on four reports published between 2024 and 2026 by PwC Middle East and found [...]

  • Glencore and Rio Tinto strike gold on high commodity prices

    July 29, 2026

    Rio Tinto and Glencore have posted near-record updates thanks to this year’s sky-high commodity prices and the uncertainty wrought by the Middle East conflict. Mining juggernaut Rio Tinto notched a 43 per cent jump in profit over the first six months of the year, pointing to persistently elevated metals prices and the ambitious efficiency programme [...]

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