Consumer confidence slips in latest setback for Labour February 27, 2026 Consumer confidence slipped slightly in February despite hopes of a turnaround, adding to fears the UK economy could slump this year. A closely-monitored survey conducted by the research firm GfK said consumer confidence dropped by three points to -19. The reading reflects dampened spirits among British consumers in what will likely worry Labour strategists keen [...]
Nearly 1m young Brits not in work as Reeves told to help youth February 26, 2026 The number of Neets, or young people not in education, employment or training, has increased to nearly 1m, official data has indicated, heightening fears over the long-term health of the UK economy. The Office for National Statistics (ONS) has suggested there were 957,000 people aged between 16 and 24 not working as of December in [...]
Birmingham driving service sector boom February 26, 2026 Birmingham has been at the front of a “service sector boom”, according to new research from Oxford Economics, helping to drive job creation across the wider region. The West Midlands combined authority (WMCA), which contains Britain’s second city, saw gross value added (GVA) in the services sector rise by an average of 4.2 per cent [...]
Premier League confirms streaming service – and it’s not called Premflix February 26, 2026 The Premier League is to launch a streaming platform in Singapore that could pave the way for a global direct-to-consumer “Premflix” product, CEO Richard Masters has confirmed. The long-rumoured new service, a collaboration with telco StarHub, is to be called Premier League + and show all 380 games live as well as magazine content, starting [...]
OpenAI backs London with hub expansion and new roles February 26, 2026 OpenAI is to make London its largest research hub outside the United States, in what ministers have hailed as a “huge vote of confidence” in the UK’s AI sector. The ChatGPT developer confirmed it will significantly expand its London operation, which currently employs around 30 researchers, though it declined to put a figure on how [...]
Formula 1 revenues soar to $4bn as sport cashes in on popularity February 26, 2026 Formula 1 is closing on annual revenues of $4bn after their recent accounts recorded a 14 per cent increase to $3.9bn. The healthy spike comes as Formula 1 parent company Liberty Media reported a rise in team payouts – by 11 per cent – to $1.4bn ahead of the 2026 season, which will see Cadillac [...]
Investec awards East London coffee enterprise Well Grounded £60k grant February 26, 2026 Financial giant Investec has awarded £60,000 to social enterprise Well Grounded, which plans to create 10,000 career opportunities in the coffee sector in the coming decade. Well Grounded, based in East London, runs speciality coffee training programmes for jobseekers and has placed over 1,000 Brits into the industry so far. Unemployment rose to its highest rate in [...]
Welsh Rugby Union chair says Ospreys not necessarily dead February 26, 2026 The embattled chair of the Welsh Rugby Union has today insisted a reduction of teams to three does not necessarily kill off the Ospreys. The governing body of rugby in Wales has been battling with fans and stakeholders over plans which will see at least one of the four regions struck off to save money. [...]
Sainsbury’s could slash 300 jobs in head office shakeup February 26, 2026 Retail giant Sainsbury’s could axe up to 300 jobs as it overhauls its tech and head office teams across its supermarket and Argos operations. The grocery is restructuring its technology and data unit into one dedicated team for Argos and two for Sainsbury’s. The firm, which employs around 140,000 people, announced it would cut 3,000 [...]
Ocado boss: We were naive to accept orders but US firms should have worked harder February 26, 2026 After its share price tumbled on Thursday morning, the boss of Ocado was given the chance to evade the blame for shuttered warehouses and job cuts. The retail tech group’s financial results set out easing losses and slowly climbing revenue. But it was the plans to cut 1,000 jobs – mostly at the company’s Hertfordshire [...]