HSBC splashes $5m on new London wealth centre despite non-dom exodus July 12, 2025 HSBC has opened a new wealth centre in the heart of London to cater to high-earning customers in defiance of fears of an exodus of wealthy investors from the UK. Britain’s most valuable bank has leased two floors of a fifteen-storey tower in Piccadilly, formerly the home of British magazine The Economist, in a $5m [...]
Crystal Palace face CAS appeal after being kicked out of Europa League July 11, 2025 Crystal Palace must take their case to the Court of Arbitration for Sport if they want to play in the Europa League after being kicked out by Uefa over multi-club conflicts. European football’s governing body decreed on Friday that Palace and Lyon breached rules on multi-club ownership because of their common links to US investor [...]
Lando Norris sells side hustle to Adrian Newey-backed group July 11, 2025 McLaren F1 star Lando Norris has sold a majority stake in Quadrant, the entertainment and gaming brand he founded, to a company backed by Adrian Newey. London-based Veloce Media Group has agreed a deal which will see Norris remain the second-largest shareholder in Quadrant with a stake of more than 20 per cent. Quadrant was [...]
BT powers ahead as UK tech services offer rare growth signal July 11, 2025 BT Group has become one of the standout performers of the FTSE 100 this year, with its share price climbing over 34 per cent since January, and hitting a near five-year high. The telecoms and broadband giant is being closely watched as it ramps up fibre roll-out, explores strategic moves around its Openreach infrastructure arm, [...]
Labour’s pre-loved tech charter won’t fix the UK’s digital divide, say experts July 11, 2025 The UK government’s new ‘IT reuse for good’ charter has drawn corporate backing, and a chorus of applause from Whitehall to Vodafone HQ for tackling major issues of digital exclusion and electronic waste. But donating devices is not a digital inclusion strategy – and certainly not enough to fix a broken, unequal system. The charter, [...]
Meta-backed fellowship puts open source in the firing line July 11, 2025 The UK government has launched a $1 million open source AI fellowship funded by Meta through the Alan Turing Institute, inviting the nation’s top AI engineers to spend 12 months building public-sector AI tools. The scheme focuses on open-source AI models like Meta’s Llama 4 to create applications for everything from speeding up planning approvals [...]
Bank of England interest rate cut ‘almost certain’ after poor growth July 11, 2025 Fresh growth figures have fuelled speculation of an August interest rate cut in a bid to give the waning UK economy a shot of life. The Office for National Statistics (ONS) revealed on Friday the UK economy shrunk for the second consecutive month with a 0.1 per cent contraction in May. Deutsche Bank’s chief economist [...]
Lack of Welsh Lions shows stark reality of systemic failures July 11, 2025 Ahead of Wednesday’s British and Irish Lions midweek game against the Brumbies in the Australian capital of Canberra I came across a shocking statistic. The match was the first since 1899 not to include a Welshman from the matchday 23. I am not surprised that it has happened on this tour given only two Welshmen [...]
Fiba ‘monitoring’ dispute tearing British basketball apart July 11, 2025 World governing body Fiba says it is “monitoring developments” in British basketball amid the civil war threatening the future of both the BBF and SLB. Super League Basketball has begun legal action against the British Basketball Federation over the removal of SLB’s licence to run the domestic top flight and what it sees as anti-competitive [...]
Virgin Atlantic and British Airways owner’s fury at Heathrow charge hike July 11, 2025 Plans for a fresh landing charge hike at Heathrow Airport have triggered fury from its largest airline stakeholders, British Airways and Virgin Atlantic. The UK’s biggest airport on Friday announced its intention to hike the levy it charges airlines for using its runways by 17 per cent, a move that will likely push up ticket [...]