Top UK banks to raise £50m to build payments network Banking Britain’s biggest banks are set to kick off a fundraising campaign that will pave the way for a domestic payments alternative to Mastercard and Visa. The UK Payments Delivery Company (PDC) is launching an equity capital raise as part of a new model from the Bank of England, aligning with the Treasury’s National Payments Vision, [...]
Skilled tech visa applications fall again despite AI talent push Tech The number of overseas tech workers applying for UK visas has fallen for a third consecutive year, despite ministers promising to make Britain a magnet for global AI talent. A Freedom of Information (FOI) request by consulting firm RSM UK found that applications from skilled tech workers dropped seven per cent to 34,936 in 2025, [...]
Astrazeneca and Jaguar Land Rover given power to endorse talented migrants for visas Politics A select group of private companies including Astrazeneca and Jaguar Land Rover will be able to endorse migrants to enter the UK on a skilled talent visa for the first time. The list of over 100 companies, which also includes GSK, Arm and a range of large companies and research start-ups, will now be able [...]
World Cup sponsors could pay price if Infantino’s Fifa sell-off goes ahead July 29, 2026 It’s not just match-going football fans who fear the financial ramifications of Fifa’s sell-off of commercial rights; World Cup sponsors could also find themselves paying more or getting less for their money, experts have warned. Sponsors currently contribute around a quarter of Fifa’s $15bn income over a four-year cycle and include some of the biggest [...]
AI Minister: Visa reform key to keeping tech giants in Britain July 27, 2026 AI Minister Kanishka Narayan renewed calls for more visas for top engineers, arguing that the UK will need to do more to help tech companies scale at home rather than sell overseas. In his first interview since joining Andy Burnham’s cabinet, Narayan said he would use his seat at the top table to push for [...]
AI reduces founders’ need for capital, says Revolut Business July 22, 2026 AI is reducing the amount of capital startups need to build global businesses, shifting the battle for founders away from funding and towards which countries offer the best environment to scale, according to the head of Revolut Business. Speaking to City AM, James Gibson said AI had dramatically lowered the cost of building and operating [...]
Fulham sign up $15bn Silicon Valley tech and AI firm ClickHouse as front-of-shirt sponsor July 21, 2026 Fulham FC have followed Crystal Palace in signing up a tech and AI company as their front-of-shirt sponsor, ClickHouse, for the new Premier League season. ClickHouse is a US-based platform that crunches data for Meta, Tesla, OpenAI, Visa and Sony and replaces gambling brand SBOTOP as Fulham’s principal commercial partner. It comes as the Premier [...]
UK fintech Monovate posts £8.3m loss as Visa and Mastercard partner dumps European arm June 30, 2026 A key fintech partner of Mastercard and Visa suffered a hit to its bottom line as the business restructured its European operations and counted the costs of a major accounting error. Monovate – which acts as a licensed middle man bridging businesses and payment giants – made a loss of £8.3m in 2025, which was [...]
Barclays splashes £750m on Canary Wharf base in ‘strong endorsement’ of London June 30, 2026 Barclays has taken control of its global headquarters based out of Canary Wharf in a £750m deal hailed as a “strong endorsement” of the financial district and the capital itself. The blue-chip lender has entered a long-term leasehold interest agreement with Canary Wharf Group that grants the bank to use the property – based at [...]
Fifa World Cup brand value trebles to £4bn thanks to sponsorship and media rights June 24, 2026 The Fifa World Cup brand has grown in value to over $5bn after more than trebling in value in recent years, according to a new industry report. Consultancy Brand Finance estimates the World Cup brand is now worth $5.2bn (£4bn) – a 244 per cent increase on its value when the 2010 tournament was held [...]