Real Madrid commit to EuroLeague basketball amid NBA interest after €3bn proposal June 23, 2026 EuroLeague basketball chiefs have secured a renewed commitment from Real Madrid in the face of rival interest from the NBA after wooing teams with a €3bn package. Real Madrid are understood to have signed a new 10-year deal with EuroLeague in a move that is set to be rubber-stamped later this week. It comes just [...]
Frasers bid for Hugo Boss ‘more compelling’ amid turnaround June 23, 2026 The €2bn bid for Hugo Boss launched by Mike Ashley’s Frasers Group has become “more compelling” as the German fashion house’s near-term outlook softens, analysts have said. The takeover offer, tabled by the FTSE 250 firm earlier this month, proposed to exchange €38 per share for the equity in Hugo Boss it does not already [...]
Starling names HSBC veteran as chair in boardroom shake-up on road to IPO June 23, 2026 Starling has appointed the former top boss of HSBC Bank as its new chair as the digital challenger shakes up its boardroom on the road to its long-awaited IPO. The UK fintech named Colin Bell – who has served as a non-executive director at Starling since November 2025 – as chairman of its board ahead [...]
Royal Mail boss pay soars to £7m despite profit slip June 23, 2026 The boss of Royal Mail’s owner has seen his pay packet almost triple to £7m in the same year that profit at the firm fell by almost a fifth. Martin Seidenberg, chief executive of International Distribution Services (IDS), saw his total pay packet jump from £2.1m last year to £6.9m in the year to March. [...]
KPMG chair and senior partners to quit firm over audit scandal fallout June 23, 2026 KPMG Australia’s chair will leave the Big Four firm in the fallout of a scandal over misusing confidential client data to win audit contracts, along with two senior partners. Martin Sheppard, who has held his position as chairman since 2023, will “shortly” resign from his position at KPMG to be replaced with an independent chair, [...]
Blow to AIM as pawnbroker Ramsdens snapped up by US giant for £206m June 23, 2026 Pawnbroker Ramsdens has been snapped up by a US giant in a move that will lead to the firm dropping off London’ junior stock market. The deal – with Nasdaq-listed Firstcash – valued the retailer at a cool £206m, whilst shareholders are set to receive up to 609p per share as part of the tie-up. [...]
As it happened: Stocks recover after markets rocked by tech-sell off; US claims ‘good foundations’ of Iran deal June 23, 2026 Welcome back to the City AM liveblog. Markets have shrugged off the latest developments in US-Iran peace with the FTSE 100 falling at open as London got swept up in the wider sell-off that rocked Asia and Wall Street overnight. This comes despite some progress in the Middle East, with Trump’s Vice President JD Vance [...]
On this day: Brits vote in referendum that changes everything June 23, 2026 The Brexit referendum was 10 years ago today. A decade on, very little has been resolved, says Eliot Wilson There have only ever been three UK-wide referendums. Appealing directly to the electorate on a single issue through a plebiscite fits awkwardly with parliamentary government, as Enoch Powell told the House of Commons in 1972: “The [...]
‘Not all sunlit uplands’: Pub bosses weigh in on whether Brexit leaves a bitter taste June 23, 2026 A decade on from the referendum, has Brexit left a bitter taste? The bosses of the UK’s biggest pub firms have their say Notoriously outspoken, the bosses of the UK’s leading pub brands are usually shouting about the same thing: the tax and regulatory burden threatening watering holes across the country. But, on the anniversary [...]
Streeting backs Burnham as ‘King of the North’ calls for ‘orderly’ transfer of power June 22, 2026 Wes Streeting has backed Andy Burnham to become Prime Minister as the former Manchester mayor formally announced his leadership bid. The former health secretary said Burnham “can win the fight of our lives against the forces of nationalism”. Streeting said he had spoken “at length” with Burnham and said the former Manchester mayor was “committed [...]