After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Are we about to see one of the biggest shifts in monetary policy since the financial crisis? June 30, 2026 Chair Kevin Warsh believes the Federal Reserve should offer forward guidance, arguing that promises about future policy quickly become shackles around a central bank’s neck. He could be about to get his way, says Helen Thomas As the first half of the year draws to a close, the world’s leading central bankers gather this week [...]
Housebuilding giants hit with £4.5bn lawsuit for allegedly overcharging buyers June 30, 2026 Seven of Britain’s largest housebuilders are facing a class action lawsuit worth a potential £4.5bn in damages over allegations they overcharged 700,000 buyers of new-build properties. Mark McLaren, former parliamentary and legal affairs manager at consumer group Which?, is planning on launching the claim against FTSE 100 firms Barratt Redrow and Persimmon, FTSE 250 companies [...]
Sainsbury’s boss urges Burnham to cut energy costs and ‘focus on growth’ June 30, 2026 The boss of Sainsbury’s has urged the next prime minister to address rising energy costs as food inflation continues to concern shoppers. The boss of the UK’s second-largest grocer repeated his earlier calls for the Treasury to engage with the food industry to assist with rising costs following the war in the Middle East. His [...]
Record temperatures boost Sainsbury’s sales but store infrastructure feels the heat June 30, 2026 Sainsbury’s recorded a rise in sales in the first financial quarter, as the May heatwave and a run of public holidays boosted sales but caused its fridges and freezers to break down. Total sales rose 3.1 per cent year on year to £3.1bn, bolstered by a five per cent hike in fresh food purchases, as [...]
UK economy’s growth revised down amid first-quarter spurt June 30, 2026 The UK economy grew by 0.6 per cent in the first quarter of the year, the Office for National Statistics has confirmed, yet the final figure for growth last year was revised down slightly. The ONS said on Tuesday that the UK economy grew at a faster pace than many had expected at the beginning [...]
‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom June 29, 2026 The insurance industry is bracing for severe losses in the next financial year as global natural disasters trigger higher claims from consumers. Morningstar analysts predict reinsurance earnings to peak over the course of 2026, arguing that the industry is currently at the bottom of a low-loss weather cycle, meaning it is seeing the end of [...]
AI data centre race reaches rural Devon as Xlinks eyes £3.6bn campus June 29, 2026 Britain’s race to build the infrastructure underpinning AI is moving beyond its traditional data centre heartlands, with Xlinks unveiling plans for a £3.6bn AI campus in north Devon as developers search for land and grid capacity. The energy developer, whose Morocco-UK power project was shelved by the government earlier this year, wants to build a [...]
Burnham’s choice of Chancellor will define his premiership June 29, 2026 Economic policy is so fraught that Burnham must choose from various paths. Retaining Reeves means warmed-over Starmerism; Miliband would be a sign that the Labour Party is tacking left; and choosing Streeting would be an advertisement that the Blairites were getting the band back together. What signal will the next Prime Minister seek to send? [...]
Bank of England chief economist ‘not trying to be a troublemaker’ on rates split June 29, 2026 The Bank of England’s chief economist has warned fellow policymakers over the risk of becoming “complacent” towards the cost of living as he defends his recent calls to hike interest rates. Huw Pill, a member of the central bank’s Monetary Policy Committee, has voted twice to increase rates to 4 per cent in the committee’s [...]
Top Burnham adviser calls for capital gains and inheritance tax hikes June 28, 2026 Andy Burnham’s top adviser has called for capital gains and inheritance tax to be hiked and the fiscal rules to be loosened so the government can borrow billions. Ex-transport secretary Louise Haigh, who led Burnham’s Makerfield campaign and is set to take a senior position in his Cabinet, is also pushing to dismantle the Treasury. [...]