Construction sector cuts jobs again as house building slumps July 6, 2026 The construction industry shed jobs for the 18th consecutive month in June following “sharp declines” in house building and a slowdown in new home sales. The latest S&P Global Purchasing Manager’s Index (PMI) for the construction sector showed more cutbacks to employment with another period of “sustained job shedding”. Subcontractors were also hit by the [...]
Sky buys ITV broadcasting arm in £1.6bn deal July 6, 2026 Sky has confirmed it will take over ITV’s broadcasting arm for £1.6bn, in a move the media giant says will safeguard its role as a public service broadcaster. The US-owned broadcaster said on Monday it will pay £1.6bn in total for ITV Media and Entertainment, which include its free-to-air TV channels in the UK and [...]
UK investors turn to bonds as equities valuations continue to stretch July 6, 2026 UK investors piled into bonds in June, as soaring valuations in equity markets has left many investors looking to avoid heightened risk and stretched value. Bond funds attracted over £1bn of net inflows last month, making it third-strongest on record for fixed income funds, according to the latest data from Calastone. The streak came as [...]
Burnham’s high street tax plan carries £880m price tag July 6, 2026 Andy Burnham’s plans to overhaul business rates in favour of Britain’s high streets could cost around £880m a year, according to new analysis, as questions mount over how the Labour leadership frontrunner would pay for one of his first major tax reforms. Forecasts by global tax firm Ryan suggest Burnham’s proposal to expand Small Business [...]
HMRC claws back £1m cutting ties with outside tech suppliers July 5, 2026 HMRC has cut contractor costs by £1m a year after replacing a decades-old outsourcing model, as ministers face pressure to find £14bn of efficiency savings across Whitehall. Whitehall risks missing Labour’s £14bn efficiency savings target unless departments stop repeatedly buying the same digital expertise from outside suppliers, according to a British technology consultancy working across [...]
Football may not come home but US investors will still cash cheques here July 5, 2026 The US continues to invest in the English football pyramid. Matt Bonass gives his best shot at explaining why Football attracting money is not novel, but what has changed is the type of money, where the money has come from and the thinking behind it all. In a previous era club ownership was a passion [...]
Andy Burnham says he will put essential services back under ‘stronger’ public control July 4, 2026 Andy Burnham has said he will set out a “new approach” to put essential services back under “stronger public control”. In an “ask me anything” session on online forum Reddit on Friday, Burnham, who is expected to be Starmer’s successor, confirmed he will look into placing services back under public control in an attempt to [...]
World Cup: Boost for pubs as Brits set to buy 1m pints during England vs Mexico July 4, 2026 Brits are poised to buy one million extra pints throughout the England and Mexico’s World Cup showdown, in what is set to be the one of the booziest Sunday nights the country has ever seen. The fixture in Mexico City – which will kick off at 1am BST – is expected to spark a major [...]
Exclusive: Top FTSE executive recruiter goes bust after AI platform launch July 4, 2026 A City-based boutique recruitment consultancy which has won executive-level talent for a host of FTSE firms has plunged into insolvency after pumping investment into an AI platform, City AM can reveal. Savannah Group, which has recruited directors and executives for the likes of Starbucks, hospitality giant Fullers, Burger King, Aston Martin, and global cruise titan [...]
Nottingham Forest owner Marinakis announces £210m stadium plans July 3, 2026 Nottingham Forest owner Evangelos Marinakis has announced a new £210m stadium construction project as he looks to grow his football empire. Plans for a 53,000-capacity arena have been submitted by the Greek funder, who owns Premier League club Nottingham Forest as well as Olympiacos, Rio Ave FC and a number of other sporting franchises. The [...]