FCA eyes tougher AI rules as Brits turn to chatbots for financial advice July 6, 2026 The Financial Conduct Authority (FCA) has called for greater powers to regulate artificial intelligence after warning the UK’s financial rulebook must evolve to keep pace with the number of consumers turning to chatbots for advice on their money. In a new review published on Monday, the watchdog said AI will become “a defining force” in [...]
IFS and Chelsea reaffirm partnership but AI firm won’t be front-of-shirt July 6, 2026 Industrial AI firm IFS has reaffirmed commitment to its global partnership with Chelsea but will not remain the Premier League club’s front-of-shirt sponsor. IFS appeared on the front of Chelsea’s shirts for the latter part of last season, having signed a three-year contract with the US-owned West London side in February. But their expanded partnership, [...]
Pubs toast England World Cup victory over Mexico July 6, 2026 British pubs served more than six million pints during England’s World Cup victory against Mexico in the early hours of Monday morning. The UK’s hospitality sector was handed a boost after the government decided to allow pubs to stay open until 5am, having initially extended licensing hours until only 1am. The country’s pubs made the [...]
Financial services activity ‘drops rapidly’ as investors alarmed by Burnham July 6, 2026 Business activity across the financial services sector – one of the chief drivers of economic growth across the UK – has dropped sharply as confidence slumps, according to a new survey. Financial services firms, including banks and insurers, said business volumes had nosedived in the second quarter of the year. While the net reading for [...]
Close Brothers shares fall as motor finance scandal threatens worst returns in Europe July 6, 2026 Close Brothers shares tumbled on Monday morning after a damning broker downgrade warned the bank was poised to deliver the “lowest value-creation” of Europe’s top 50 banks. The FTSE 250 bank’s stock was down nearly nine per cent in early trading to 401.70p as investors scurried for the exit door. The loss came on the [...]
ITV says ‘no guarantees’ on jobs after £1.6bn Sky deal July 6, 2026 ITV and Sky executives have said they can make no guarantees on job cuts after the two companies announced a £1.6bn merger on Monday. Employees of ITV have been warned the tie-up between Britain’s two biggest commercial broadcasters could lead to redundancies, and there are “no guarantees” over their jobs. Speaking after the acquisition was [...]
Schroders sells financial planning arm as it accelerates high net-worth shift July 6, 2026 Schroders has agreed to sell its advice business Benchmark Capital to Swedish wealth firm Soderberg & Partners as it accelerates a shift toward wealth management and high net-worth clients. Under the terms of the deal, Schroders will become a long-term asset manager to Soderberg & Partners and exit direct ownership of the financial planning business. [...]
Why England World Cup host city Miami is amazing for sports lovers July 6, 2026 The next England World Cup game takes place in Miami this Saturday 11 July, with the Brits facing Norway. England have made the World Cup Quarter finals after a 3-2 win against Mexico, which means this Saturday’s host city Miami is about to steal the limelight. Brits are expected to spend £250million if England reaches [...]
We’re being taxed out of existence, companies warn July 6, 2026 Investment by British businesses has fallen to its lowest level since the pandemic as companies warn they are being “taxed out of existence”, one of Britain’s biggest business groups has found. The proportion of firms planning to increase investment fell to just 17 per cent in the second quarter, down from 21 per cent in [...]
Nationwide rebel claims he was offered sweetener to drop boardroom bid July 6, 2026 A rebel Nationwide customer vying for a board seat at Britain’s biggest building society claimed it offered to help him land a directorship at another firm if he dropped his boardroom bid. James Sherwin-Smith, who is on the ballot at next week’s annual general meeting to join Nationwide’s board, told City AM he had a [...]