Tories target £1bn benefits loophole in welfare crackdown May 3, 2026 The Conservatives have pledged to close what they claim is a £1bn loophole in the welfare system, in a move aimed at tightening benefit rules and boosting incentives to work. Shadow work and pensions secretary Helen Whately said the party would overhaul the benefit cap so households cannot receive unlimited payments unless all adults who [...]
Wizz air urges Brits to ‘book with confidence’ despite rising fuel fears May 3, 2026 Wizz Air has moved to reassure passengers its summer schedule will run as planned, as concerns mount over potential flight disruption linked to the Middle East conflict. The budget carrier said its operations remain “fully stable and unaffected”, despite warnings from ministers that jet fuel shortages could impact travel during the peak holiday season. A [...]
Airport jobs at risk as Iran conflict hits flights May 3, 2026 Thousands of UK airport jobs are at risk as airlines cut schedules amid disruption linked to the Iran conflict, as the government is urged to support to protect workers. Ground handling firms and unions have warned ministers that the impact on employment could rival, or even exceed, the pandemic, as reduced flight volumes threaten a [...]
Daily Mail owner sells US data arm for $1bn April 30, 2026 The owner of the Daily Mail has agreed to sell its US property data business in a $1bn (£730m) deal, as it reshapes its portfolio and frees up cash for new investments. Daily Mail and General Trust (DMGT), controlled by Rothermere Continuation Holdings, said it will offload Trepp to Fitch Group in an all-cash transaction [...]
Legora lands Nvidia backing as Jude Law fronts campaign April 30, 2026 AI legal tech firm Legora has secured fresh backing from Nvidia as part of a $50m (£37m) funding extension that pushes its valuation to $5.6bn. The Stockholm-based startup said the extension takes its total Series D round to $600m, with Nvidia’s venture arm NVentures and Atlassian joining as new corporate investors. Additional backing came from [...]
Big Tech results: Alphabet soars as Meta meta sinks on spending plans April 30, 2026 The four largest AI players reported quarterly earnings simultaneously for the first time on Wednesday, delivering a broadly positive set of results that nonetheless triggered a sharp divergence in after-hours share price moves. Alphabet led the pack, with Google’s parent company posting revenue of $109.9bn (£81.6bn) a 22 per cent rise on the same period [...]
The AI bubble has a name – and it’s OpenAI April 29, 2026 For three years, Sam Altman has worn the badge of greatest pitchman in the history of tech. He sold the world a vision of artificial general intelligence – a machine that thinks, reasons and creates – and sold investors the bill to build it. The man raised more capital in a single funding round than [...]
BT shares dip as Ofcom probes EE and Plusnet data April 29, 2026 Shares in telecoms giant BT Group slid on Wednesday after the regulator Ofcom launched a formal investigation into whether it provided inaccurate or incomplete customer service data through EE and Plusnet. The UK watchdog said it is looking into whether BT complied with legally binding information requests issued in December 2023, under the Communications Act, [...]
UK cannot ‘outsource AI future’, says Netcompany boss April 29, 2026 The boss of Danish tech firm Netcompany has warned that Europe must build its own AI platforms, or risk handing control of its data to the US or China. André Rogaczewski, chief executive of Netcompany, told City AM that AI sovereignty is now a strategic issue for businesses and governments. “Technology is a battlefield”, he [...]
OpenAI-linked shares plummet after it fails to hit growth targets April 28, 2026 Companies with financial ties to the fate of OpenAI sold off sharply on Tuesday after it emerged the ChatGPT maker had fallen short of internal targets for revenue and user growth. Shares in Japanese investment giant Softbank and data centre hyperscalers Coreweave and Oracle plunged by between four and eight per cent reigniting nerves over [...]
