AI spending overshadows Alphabet and Tesla earnings July 23, 2026 Wall Street’s biggest tech companies delivered another round of strong earnings on Wednesday, but the primary focus for investors is the growing cost of the artificial intelligence race. Alphabet and Tesla beat revenue expectations, yet their shares fell in after-hours trading after both companies signalled another year of heavy spending on AI infrastructure. Google-owner Alphabet [...]
I’m an editor. This is the most worrying thing about AI slop July 23, 2026 The slow creep of AI slop is unnerving to witness I’m an editor at this newspaper. Over the past week or so some of our best contributors have filed me AI slop – but not quite how you’d imagine it. These pieces aren’t necessarily completely written by AI, although sometimes they are. The new frontier [...]
Allegion (NYSE: ALLE) Reports Q2-2026 Financial Results July 23, 2026 Low-Double Digit Revenue Growth, High-Teens EPS Growth; Raising Full-Year 2026 Outlook Quarterly Financial Highlights (All comparisons are year-over-year, unless otherwise noted) Net earnings per share (EPS) of $2.15, up 16.2% compared with $1.85; Adjusted EPS of $2.40, up 17.6% compared with $2.04 Revenues of $1,151.5 million, up 12.7% on a reported basis and up 6.9% on an organic basis Operating margin of 22.1%, compared with 21.5%; Adjusted operating margin of 24.2%, compared with 23.7%
The Rest Is… for the Treasury: Gary Lineker backs wealth tax for rich July 23, 2026 Gary Lineker has urged Prime Minister Andy Burnham to introduce a wealth tax on himself and other millionaires. The former England football player, synonymous with crisps, is one of over 100 millionaires to sign an open letter to No 10 calling for a 2 per cent tax hike on people with assets worth at least [...]
‘Ever-widening gap’: Wetherspoon boss Tim Martin urges Burnham to cut more pub taxes July 23, 2026 JD Wetherspoon boss Tim Martin has called on the Prime Minister to go further to reduce the soaring tax burden faced by pubs. The chairman of the UK’s best-known pub chain said Burnham’s decision to slash business rates for pubs is an “implicit recognition that the hospitality sector is over taxed”. The Prime Minister announced [...]
Roasting heat putting Brits off roasts, warns Toby Carvery owner July 23, 2026 The sweltering summer heat has put Brits off their roasts, one of the UK’s biggest pub companies has warned, after the country set a fresh June temperature record. The owner of Toby Carvery, which offers year-round roast dinners and has more than 100 sites across the country, reported a 2.4 per cent drop in food [...]
BT braces for loss of 800,000 customers as it banks on fibre to keep turnaround ‘on track’ July 23, 2026 BT stuck to its cash targets despite another quarter of flat sales and falling profit, as the telecoms giant pointed to growing demand for its fibre network. The FTSE 100 firm held guidance for around £2bn of free cash flow this year after revenue edged little changed to £4.3bn in the first quarter. Pre-tax profit [...]
Tax bill and Middle East weigh on Heathrow despite record numbers July 23, 2026 Heathrow’s tax bill has more than doubled in the first half of this year, weighing on profit at the airport despite it bucking the Middle East conflict to enjoy record passenger numbers. The west London hub faced a £129m bill to HMRC in the six months to July, according to its latest update, up from [...]
Easyjet takes £200m profit hit in Iran war travel chaos July 23, 2026 Easyjet has revealed a £200m profit hit as the budget airline battles with the soaring energy costs and falling travel demand caused by the Iran war. The FTSE 250 carrier posted an £85m profit in the three months to June, down 70 per cent on £286m in the previous year, as passenger volume slipped by [...]
Burnham to cut pub business rates by 20 per cent July 23, 2026 Andy Burnham has unveiled a 20 per cent cut to business rates for pubs, clubs and music venues. The £100m commitment will be funded by cracking down on businesses, like vape shops and tax-avoidant online sellers, which “do not make a positive contribution to local communities,” the government said. The measure comes as part of [...]