Motor finance compensation scheme hanging by a thread amid legal row May 8, 2026 The City watchdog has told lenders to prepare for the “alternative scenario of no scheme” in the long-running motor finance scandal as another legal showdown brews. The Financial Conduct Authority (FCA) has received four legal challenges including from lenders Volkswagen Financial Services, Mercedes-Benz Financial Services and Crédit Agricole Auto Finance. On the consumer side, the [...]
Prem Rugby chiefs admit its ‘challenging’ to compete with Top 14 May 8, 2026 Prem Rugby chiefs have admitted competing with the French Top 14 has been “challenging” given English salary cap rules. Clubs across England can spend around £8m per season on their squad, with £6.4m of that the standard cap and the remaining a series of credits and allowances. The French Top 14 will see its salary [...]
Meta can read your Instagram DMs from today May 8, 2026 Instagram users are waking up to a major privacy rollback after Meta officially switched off end-to-end encrypted direct messages, giving the tech giant far greater visibility into private conversations shared across the app. From today, users who previously enabled Instagram’s optional encrypted chats will lose access to the feature entirely, with all messages reverting back [...]
South East Water boss David Hinton resigns May 8, 2026 The chief executive of South East Water, David Hinton, resigned from the embattled utility today, after presiding over one of the scandal-hit industry’s most notorious supply failures. Hinton was in charge during a series of outages in Tunbridge Wells and Kent in November and December 2025. There were more outages last January. As the firm struggled [...]
AngloGold Ashanti Q1 31 March 2026 Earnings Release and Dividend Declaration May 8, 2026 AngloGold Ashanti delivers record free cash flow* of $1.2bn and EBITDA*(4) of $2.3bn • Gold production(1)(2) +1% • Net cash*(4) of $868m • Q1 2026 interim dividend of $585m, or 116 cps • Proposed $2.0bn share repurchase programme announced
Forget non-doms, it’s the British founder exodus that matters May 8, 2026 Non-doms leaving is hardly surprising. It's the British founders rearranging their affairs that should make us worry, writes Simon Malkiel.
Telekom Srbija Secures U.S. EXIM Financing to Accelerate 5G Rollout May 8, 2026 Approval from the Export-Import Bank of the United States will support Serbia’s next-generation telecoms expansion and strengthen U.S.–Serbia technology and economic ties
Governments can’t ‘tax for growth’ – they need to get out of the way May 8, 2026 You cannot tax your way to growth and prosperity, and Labour’s track record suggests any extra revenue would go toward expanding benefits rather than productive investment, says Anne Strickland Amid the local elections, some MPs think they’ve cracked the code to win back voters – by raising taxes. Jeevun Sandher MP, parliamentary aide to the [...]
Brent Hoberman: We need a ‘British dream’ – and more talented immigrants May 7, 2026 The UK needs to welcome many more business founders from abroad to rejuvenate the economy, one of Britain’s best-known entrepreneurs has said, as he issued a rallying cry to renew faith in the future of the country. In a wide-ranging speech at the City AM Awards ceremony at the Guildhall last night, Brent Hoberman, who [...]
Herald trust saved after Saba and Aberdeen ink deal May 7, 2026 Aberdeen and US activist hedge fund Saba have reached agreement for the Scottish investment juggernaut to manage Herald Investment Trust, ending a years-long arm wrestle over the trust’s future. In an eleventh-hour deal that will save Herald from being wound down, Aberdeen will recruit eight of the fund’s staff – including fund manager Katie Potts [...]