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 [...]
Rachel Reeves risks ‘serious damage’ with tax hikes, OBR member warns July 11, 2025 Fears of another Rachel Reeves’ tax raid are growing after fresh figures revealed the economy shrank in May, but a member of the OBR has warned the Chancellor against drastic measures, including tax hikes. The Chancellor is facing renewed pressure, with economists warning that the government’s £190bn spending splurge, sporadic U-turns, and poor growth figures are set [...]
UK Athletics boosted by new five-year contract with BBC July 11, 2025 UK Athletics has achieved a significant boost by agreeing a new five-year deal for the BBC to show its flagship events on free-to-air TV. The agreement between the BBC and Athletic Ventures covers the annual London Athletics Meet, which takes place next weekend and features the likes of Olympic champion Keely Hodgkinson, and the national [...]
Flutter market cap hits $51bn after latest FanDuel acquisition July 11, 2025 Sportsbook operator FanDuel is set for a $31bn valuation after Flutter Entertainment struck an agreement to take complete control. The Irish-American gambling firm reached terms with Boyd Gaming to acquire the five per cent of FanDuel it does not already own. The deal will see the final five per cent be transferred to Flutter Entertainment [...]
LIV Golf’s Patrick Reed loses appeal in $750m defamation suit July 11, 2025 LIV Golf’s Patrick Reed has lost an appeal in a $750m defamation suit relating to comments made about his move to the Saudi Arabia-backed league. The 34-year-old former Masters champion had initially said that comments – made by the Golf Channel, commentator Brandel Chamblee and others – after Reed chose to ditch the PGA Tour [...]
BP shares edge up despite hit from lower oil and gas prices July 11, 2025 BP has said it expects second quarter results next month to be impacted by lower oil and gas prices. Crude oil prices average $67.9 per barrel over the three-month period, compared with $75.7 per barrel in the prior quarter. “In the gas and low carbon energy segment, realisations compared to the prior quarter, are expected [...]
Wilkin & Sons: King’s jam maker returns to profit despite Reeves’ tax hikes July 11, 2025 Wilkin & Sons, the historic jams maker which supplies King Charles, has returned to profit despite the “significant strain” Chancellor Rachel Reeves’ Budget put on its finances. The Essex-headquartered business, which is behind the Tiptree brand, said the “continued increased in National Minimum Wage” impacted its bottom line while high energy costs also hit its [...]
BA Cityflyer: Profit almost doubles at London City Airport carrier July 11, 2025 Profit almost doubled at BA Cityflyer, the main airline operating from London City Airport, in 2024 despite falling passenger numbers. The business, which is wholly owned by British Airways, has posted a pre-tax profit of £20.3m for its latest financial year, according to new accounts filed with Companies House. The latest total comes after the [...]
London claims number two spot in global ranking of AI hubs July 11, 2025 London has claimed the number two spot in a new global ranking of tech talent hubs, second only to San Francisco, as the capital continues to ride the wave of AI innovation. However, behind the headlines, the race for digital skills is intensifying, and the UK still faces significant challenges if it wants to maintain [...]