Tesco, B&Q and Whitbread scolded in minimum wage crackdown September 3, 2026 Labour’s new workers’ rights police force has scolded Tesco, B&Q and Whitbread, and more than 600 other firms, for failing to pay the minimum wage. The Fair Work Agency has published the names of 658 companies which have been fined £7m and forced to return £4m to more than 27,000 workers who have not been [...]
Khan demands Burnham block Heathrow expansion over net zero September 3, 2026 London mayor Sir Sadiq Khan has demanded Andy Burnham to block the Heathrow airport runway expansion on the grounds of net zero. Khan, who has long opposed the construction of a second Heathrow runway, linked the expansion to the effects on climate change including “extreme heatwaves, drought and wildfires”. “The truth is the whole case [...]
Badenoch: Cut benefits to fund £10bn defence spending package September 2, 2026 Kemi Badenoch has urged the government to cut housing benefits, child benefits and re-route public investment in order to fund a £10bn boost on defence spending every year. The Tory leader, who had previously called for an increase in defence expenditure without laying out full funding plans, said that Chancellor John Healey “should adopt” plans [...]
Fulham owner Khan sees his £1bn stadium construction project take next steps September 2, 2026 Owner of Premier League club Fulham, Shahid Khan, is spending £1bn on a major stadium upgrade as he looks to expand his corporate offering. The Pakistani-American businessman, who is reportedly worth nearly $15bn, will see his team relocated by 150 miles while the works, which will be completed in time for the summer of 2028, [...]
Arsenal owner Kroenke takes total US franchise spend this summer to £23bn September 2, 2026 Nearly £23bn of US sports franchises were sold across the summer after Arsenal owner Stan Kroenke purchased the Los Angeles Angels. The surprise purchase – a MLB record at £2.97bn – ended a summer of spending across North America which included basketball, NFL and women’s football. Kroenke’s sporting portfolio now puts the Angels alongside Premier [...]
Millions spent, reputations battered: Fraud watchdog, Dechert and ENRC legal war reaches an end September 2, 2026 Years of bitter litigation, millions of pounds in legal fees, and severe reputational damage: the disastrous, decade-long feud between a Kazakh mining giant, the Serious Fraud Office (SFO), and a heavy-hitting City law firm has finally ended with a confidential settlement. Mining firm Eurasian Natural Resources Corporation (ENRC) launched legal action against the law firm [...]
Labour calls for Mayor to explore London Stadium sale to West Ham September 2, 2026 Labour have called on Mayor Sadiq Khan to explore selling the London Stadium to West Ham United. Labour assembly member Bassam Mahfouz has written to Lord Khan urging him to relieve the London taxpayer of the £1.75bn burden of the existing deal between City Hall and the Championship football stadium. The long-term tenancy agreed by [...]
Burnham refuses to rule out more borrowing and blames Tories for debt crisis September 2, 2026 Andy Burnham has refused to rule out borrowing more and raising taxes to fund his government’s spending plans, as he blamed the UK’s vulnerability to a global bond rout on the Conservatives. Speaking at his first Prime Minister’s Questions, Burnham said spiralling debt costs in the UK, which have hit near two-decade highs in recent [...]
NYSE-listed Securitize offer football club shares on blockchain with Socios September 2, 2026 New York-listed tokenised asset firm Securitize is to offer shares in football clubs held on the blockchain in partnership with controversial fan token firm Socios. A “strategic partnership to develop regulated equity offerings involving minority interests in professional sports teams” was announced as the market opened in New York, with Securitize – which has $5bn [...]
Citi hit with £5m fine for violating UK sanctions on Russia September 2, 2026 Citi has been hit with a fine of nearly £5m after regulators found it violated the UK’s sanctions regime on Russia. The Wall Street giant’s London branch was found to have processed £19.7m in illicit transactions spanning 970 payments. The Office of Financial Sanctions Implementation (OFSI) ruled that, in one instance, Citi failed to freeze [...]