Terms emerge on UK-EU ‘reset’ talks May 19, 2025 Decisions on security, the youth mobility scheme, fishing and agriculture are anticipated to emerge from today’s UK-EU “reset” summit. These talks are part of a routine five year review of the UK-EU trade and cooperation agreement, which was signed in 2020. While agreements on key aspects of the deal have been completed, Trade Secretary Jonathan [...]
M&S attack exposes long term cyber fallout for UK firms May 19, 2025 The long tail of cyber attacks is becoming clearer, and more costly, for UK businesses. New data from Hiscox revealed the long term brand and commercial damage from breaches has more than doubled in the past year, underscoring the mounting risks in an AI-driven threat landscape. In its latest cyber readiness report, Hiscox found that [...]
The Square Mile’s latest office transformation gets green light May 19, 2025 A huge redevelopment of 1 Moor Lane has been given the green light by the City of London Corporation as the Square Mile looks to boost its office capacity. The all-electric transformation of the building by Brookfield Properties will add 300,000 sqft (27,000 sqm) of grade-A offices to the City, increasing the amount of office [...]
Liz Truss: UK’s shortest-serving PM rakes in the cash May 19, 2025 Liz Truss, the UK’s shortest-serving Prime Minister, has seen her earnings rise after leaving Number 10. The former PM has raked in £112,657 in the year to 31 March, 2025, through a business she and her husband set up. The figure is up from the £104,715 the firm reported in net assets during its prior [...]
Uber ready to go driverless in the UK May 19, 2025 Uber has declared itself “ready to go” with driverless taxi services in the UK, saying it could roll out the technology immediately if regulators give the green light. Andrew Macdonald, the taxi giant’s senior vice president of mobility, told the BBC the company is prepared to deploy robotaxis as soon as the “regulatory environment is [...]
iForex confirms London listing plans and adds City veteran to board May 19, 2025 Fintech trading platform iForex confirmed its plans for a London-lisiting on Monday morning in a major boost to the embattled market. The fintech said following an initial public offering (IPO) its shares will be traded on the main market of the London Stock Exchange. Its admission is expected in late June 2025. The firm – [...]
Harry Styles’ record label suffers dramatic decline after album and touring success May 19, 2025 Harry Styles’ record label suffered a dramatic fall in its sales and profit in the year after the release of his third solo album. The former One Direction star released the Harry’s House album in May 2022 through his studio, Erskine Records, and Columbia Records. Its success resulted in Erskine Records achieving a turnover of [...]
Legal Aid cyber attack: Huge amount of personal data stolen May 19, 2025 The hackers behind the cyber attack on the Legal Aid Agency downloaded a significant amount of personal data of those who applied for aid
Government to clamp down on ‘buy now pay later’ services such as Klarna and Clearpay May 19, 2025 Fintechs including Klarna and Clearpay providing ‘buy now pay later’ services will face fresh regulation by the Financial Conduct Authority (FCA) after years of wrangling and delays. New rules will require financial services providers to conduct affordability checks as part of efforts to make banking standards more consistent. Borrowers will also be able to make [...]
EY’s £2.7bn legal fight over NMC Health audits May 19, 2025 A mammoth legal fight against EY over its auditing of a former London-listed health giant that collapsed after allegations of fraud starts today