Exclusive: Saudi ship struck by Houthis had insurance from Lloyd’s insurance giant July 25, 2026 Insurance giant Gallagher had insured one of two ships that were attacked by the Houthis in the Red Sea, which caused a fire to break out on board and made the ship return to port. The Lloyd’s of London broker had organised cover for the affected vessel, which was one of a pair of tankers [...]
Top-end priced UK properties may take four times longer to leave market July 25, 2026 Property sellers in Britain asking for too high a price who have to reduce it to make a sale take four times as long to sell than those listing an accurate initial asking price. According to new research from estate agent Savills, 33 per cent of sales required the asking price to be slashed to [...]
Exclusive: Nothing slashes jobs in cost-cutting push July 24, 2026 British smartphone maker Nothing has begun slashing jobs across its global business as it looks to cut costs following a rapid hiring spree, City AM can reveal. The Kings Cross headquartered hardware firm, founded by Carl Pei, who previously set up Chinese smartphone company OnePlus, has begun consultations with staff across regions and has already [...]
Heathrow boss warns Burnham against Budget raid after hub’s tax bill doubles July 24, 2026 The boss of Heathrow has warned Andy Burnham against using business as a cash cow at his maiden Budget this autumn, after the airport’s tax bill more than doubled in the space of a year. Thomas Woldbye said the aviation sector is one of the most heavily taxed industries in Britain, and that uptick in [...]
Crystal Palace stadium set for £130m revamp with 25,000 seats July 24, 2026 Plans for the £130m refurbishment of a major 25,000-capacity south London stadium in Crystal Palace have been given the green light. The planning application for the renovation of the Crystal Palace National Sports Centre has been approved with the refurbishment set to feature a revamped swimming and diving pool, as well as a padel centre, [...]
Jaecoo 8: A Premium SUV with Substance and Surprising Polish July 24, 2026 The arrival of the Jaecoo 8 SHS-P in the UK says something about where the car market is heading here, writes motoring journalist Tim Barnes-Clay. Chinese brands are no longer content with building budget alternatives. They want a place at the top table, and after spending time with Jaecoo’s new plug-in hybrid flagship, I came [...]
West Ham United London Stadium deal costing taxpayers £19m a year July 24, 2026 The London Stadium deal between West Ham United and City Hall costs taxpayers £19m a year, the stadium company’s chair has revealed. A deal signed in 2013 between then Mayor of London Boris Johnson and bigwigs at the Hammers sees the former Premier League side pay £4.6m in rent per year, dropping this season due [...]
HSBC sells Singapore insurance arm to Allianz in £1.6bn deal July 24, 2026 FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]
Wise denied US banking licence in blow to expansion plans July 24, 2026 Shares in Wise plunged on Friday after the firm was denied a US banking licence by regulators, setting back the payments giant in its biggest growth market just months after it switched its primary stock market listing to New York. The London-founded fintech said the US Office of the Comptroller of the Currency (OCC) had [...]
Saracens and Harlequins embracing athletics and hockey smart move for rugby July 24, 2026 Despite this weekend appearing to be the first in an eternity without top-flight rugby, the reality is that across England we have never had so little of it. Take Harlequins or Saracens, the two Prem Rugby clubs in London, and recent fixture announcements lay bare the underlying reason as to why so many teams make [...]