Premier League and EFL set for summit with Football Regulator over new financial deal July 28, 2026 An end to one of the longest-running saga plaguing English football could be in sight after the Premier League and English Football League (EFL) stepped up talks over a blockbuster new financial redistribution deal. Premier League CEO Richard Masters and chair Alison Brittain and their EFL counterparts Trevor Birch and Rick Parry are expected to [...]
Sweeping job cuts at GSK to fund £400m Cambridge campus July 28, 2026 GSK is poised to slash its back office headcount to help fund a £400m mega-campus in Cambridge, in a move it hopes will bolster its drugs pipeline anFd stave off a looming patent cliff-edge. In his first major update as chief executive, Luke Miels unveiled plans to find £1.9bn of savings over the next three [...]
Who’s buying your business? Don’t wait until you’ve built it to decide – here’s why July 28, 2026 Investors and founders agree: the moves that make a business genuinely sellable happen years before anyone puts an offer on the table. At SCALE London 2026, the summit for entrepreneurs, investors and growth partners, the panel The Long Game: Funding routes and paths to exit had founders glued to the stage. Founders too often treat [...]
Student housing giant Unite faces £400m loss amid property value slump July 28, 2026 Unite Students has plunged to a more-than £400m loss after being hit by a £500m revaluation of its properties and “extremely challenging” building costs. The UK’s largest student landlord slumped to a £417m pre-tax loss in the six months to June, reversing a £186m profit the year before, as its earnings slipped by two per [...]
Britain has the lowest level of millionaires since the financial crisis – and that’s no accident July 28, 2026 The number of millionaires in Britain has sunk to its lowest level since the 2008 financial crisis. Rich residents aren’t just fleeing because of policy choices like high levels of tax and the removal of non-dom status, but also a cultural hostility to wealth, says James Lawson It is no secret that the wealthy and [...]
EY and London managing partner fined over £1.3m for audit failure July 28, 2026 Big Four giant EY and its London office managing partner have been hit with a nearly £1.3m fine by the financial watchdog for audit failings related to retailer Made.com in 2021. The Financial Reporting Council (FRC) said the sanction follows an investigation into Julie Carlyle, who manages the City office and a portfolio of many [...]
Unilever turns to ‘avocado mayonnaise’ as food weighs on profit ahead of spin-off July 28, 2026 Unilever has turned to novel products including “avocado mayonnaise” in a bid to boost ailing sales in its food arm, which is poised to be spun off in a £33bn deal. The consumer goods giant upgraded its sales expectations but saw the performance of its food business and European operations drag on the group’s operating [...]
Expanding London airports will help growth take off July 28, 2026 Extra runways at Heathrow, Gatwick and Luton are not just lucrative transport infrastructure projects that will create construction jobs and supply chain benefits in the short-term. They are key to getting overseas visitors into the UK to spend money, says Alex Challoner The summer holidays are upon us. Chances are, at some time in the [...]
Burnham won’t be bold enough to make devolution shift the dial on growth July 28, 2026 Within a year of Cornwall abolishing the 45p additional rate of income tax and reducing corporation tax to 15 per cent, hundreds of entrepreneurs and businesses, including dozens of major financial and professional services firms, had relocated to the county. The influx of private sector dynamism delivered an astonishing economic boost to a region that [...]
Andy Burnham must shake Britain out of ‘analysis paralysis’ and get building July 28, 2026 To address the UK’s broken infrastructure delivery model, Arup advocates for a new approach that prioritizes locally-led, outcome-focused projects and creative financing to better connect communities and drive economic growth, says Andrew Nothstine Andy Burnham has already set out his governing philosophy and guiding aims. His ‘north stars’ are economic growth in every postcode through [...]