Burnham adviser floats higher tax on pension funds’ overseas investments June 25, 2026 One of Andy Burnham’s economic advisers has warned of ‘foreign raiders’ snapping up Britain’s most promising start-ups as he suggested the government should more heavily tax domestic pension funds investing overseas. Andy Haldane, the former Bank of England chief economist who is now the president of the British Chambers of Commerce (BCC), said tax reliefs [...]
Steel tariffs watered down after industry backlash June 25, 2026 Government ministers have watered down the looming steel tariffs after manufacturers warned that the measures intended to safeguard Britain’s steelmakers would cause “immediate hardship” on downstream businesses. In a written statement to parliament, trade minister Chris Bryant confirmed the government would now slash the tariff-free steel import quota by 51 per cent, as opposed to [...]
Is the jobs market driving graduates to spy for China? June 25, 2026 When Thomas Munson was approached by a keen recruiter on Linkedin, he was pleased - before realising it may be a Chinese intelligence agent.
Wealth advisory firm set for £240m sale as bidders circle June 25, 2026 Wealth advisory firm Equiom is set for a potential £240m sale in what would be the latest in a wave of dealmaking across the sector, City AM can reveal. The Isle of Man headquartered firm, which counts family offices and high net worth individuals among its client base, is currently running a sale process and [...]
City law firm lands record £36bn BHP case June 25, 2026 City-based law firm Quinn Emmanuel has been appointed to lead litigation on a £36bn claim against BHP, one of the largest class action claims in UK history. Another London-based law firm, Pogust Goodhead, is leading the claim against the mining giant over a 2015 collapse of a dam in Brazil, and said on Wednesday it [...]
Premier League clubs warned crypto deals could be worthless in a year June 25, 2026 Premier League football clubs have been warned that long-term sponsorship deals with crypto firms could be rendered worthless in a year’s time. It comes after the Financial Conduct Authority took the unusual step of writing to teams about the issue this month and as the watchdog rolls out plans for tighter scrutiny of the sector. [...]
Meet the woman who won $500,000 playing Candy Crush June 25, 2026 Candy Crush is a garish game that can make winners incredibly rich. Anna Moloney attends the world finals and meets the new champion.
Barclays and Lloyds join banking sector plan for digital ID June 25, 2026 Barclays and Lloyds are among a group of top UK lenders working on a plan that would see customers able to use digital identification tools in their banking app. The collective of banks – which also includes HSBC, Nationwide, Natwest and Santander – are working with industry body UK Finance on a process where users’ [...]
H&M misses sales target as cost-cutting leaves retailer understocked June 25, 2026 H&M slumped to lower than expected sales and profit as the retailer warned that its cost-cutting drive is leaving some stores unable to keep up with demand. The Swedish-listed firm took 54.8bn kronor (£4.2bn) in sales in the three months to the end of May, flat year on year. Its operating profit jumped by 11 [...]
‘I have more to do’: Reeves campaigns for Chancellor role under Burnham June 25, 2026 Rachel Reeves said she has “more to do” as Chancellor as she pitched staying in her job to business leaders despite speculation she will be dumped from the role by Andy Burnham. Reeves said she had brought “stability” to the UK economy and added she was “proud” of her record on inflation and growth. The [...]