Taylor Wimpey profit halves as Budget impacts sales March 5, 2026 The UK’s third-largest house builder saw its profits halve last year due to the cost of fire safety regulations and a regulatory settlement with the competition watchdog. Taylor Wimpey’s profit plummeted by 54 per cent to £146.5m despite revenue growing by 13 per cent to £3.8bn, in the financial year to December 2025. The group [...]
Macedonian Thrace Brewery: Dutch Court to Award MTB at Least EUR 83 Million in Damages Payable by Heineken for Its Illegal Conduct in Greece March 3, 2026 On 18 February the Amsterdam District Court rendered an interim judgment on damages quantification in the proceedings of Macedonian Thrace Brewery (“MTB”), maker of the popular Greek beer Vergina, against Heineken and its subsidiary Athenian Brewery (“AB”). The case stems from the decision of the Greek competition authority, the Hellenic Competition Commission (“HCC”), published in [...]
Meet Reeves’ outsider tasked with steering the City to growth March 3, 2026 The City has rolled out the red carpet for the banking watchdog’s new chief after Katharine Braddick, a seasoned veteran of the financial trenches, was named on Friday as the successor to Sam Woods. For a cool £314,000 a year, she’s set to take on the brief of steering the UK’s banking sector. Chancellor Rachel [...]
HSBC names ex-CBI chief Carolyn Fairbairn as UK chair March 2, 2026 The former boss of Britain’s largest industry body has been appointed the next chair of HSBC UK, having served on the bank’s board for five years. The lending giant confirmed on Monday that Dame Carolyn Fairbairn, who ran the Confederation of British Industry (CBI) between 2015 and 2020, would lead its board in the UK, [...]
Competition watchdog probes top hotel chains over data sharing March 2, 2026 The UK’s competition watchdog has launched a probe into top hotel chains including Hilton, Marriott and FTSE 100 giant IHG over their suspected use of a data analytics tool to share information with each other. The Competition and Markets Authority (CMA) announced the investigation on Monday morning, which centres around the hotel chains’ use of [...]
Rugby communities ‘staring down the barrel’, says MP February 27, 2026 Rugby communities are “staring down the barrel of losing their professional side”, according to one MP slamming the Welsh Rugby Union. The governing body of Welsh rugby is under immense pressure to relieve its chief executive – Abi Tierney – and chairman – Richard Collier-Keywood – from their positions and to commit to the future [...]
UK media giants join forces to curb AI’s use of their journalism February 27, 2026 Sky News has teamed up with the BBC, the Financial Times, the Guardian and the Daily Telegraph to form a new coalition aimed at setting industry standards for how AI uses news content. The group, under the name the Standards for Publisher Usage Rights coalition (SPUR), has been launched in response to growing concern that [...]
White Oak Commercial Finance Provides $35 Million ABL Facility to Unicat Catalyst Technologies February 26, 2026 White Oak Commercial Finance (“WOCF”) and White Oak UK (“WOUK”), affiliates of White Oak Global Advisors, today announced they provided a $35 million Asset-Based Lending (ABL) Revolver Facility to Unicat Catalyst Technologies LLC (“Unicat” or “the Company”), a leading supplier of heterogeneous catalyst products. The facility also includes a $20 million uncommitted accordion feature. Headquartered [...]
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. [...]
This is why Nvidia’s results failed to woo investors February 26, 2026 Nvidia’s earnings juggernaut continued this week with another quarter of rapid growth, record revenues and guidance ahead of expectations. Yet the reaction from Wall Street was muted, reflecting the scale of expectations now set for the world’s most valuable listed company. The chip giant reported fourth-quarter revenue of $68.1bn (£50.3bn), up 73 per cent year [...]