BP chair ousted over ‘volcanic’ behaviour after less than a year May 26, 2026 The chair of BP has been fired after less than a year, after “serious concerns” about his conduct were lodged with the energy major’s board. Albert Manifold was stripped of his roles as chair and director of the London-listed petrochemicals giant having only taken the reins last July, with director Amanda Blanc saying the board [...]
B&Q owner eyes warm weather boost as sales fall May 26, 2026 B&Q’s FTSE 100 owner will be hoping for a heatwave boost after it blamed poor weather for falling sales at the start of the year. Kingfisher, which also owns Screwfix and home improvement retailers in France and Poland, saw total like-for-like sales dip by 0.9 per cent to £3.3bn in the first quarter of the [...]
London makes up more than a third of UK corporation tax receipts May 26, 2026 London accounts for more than a third of total corporation tax receipts across the UK, new data analysed by City AM has shown. Data shared by the Office for National Statistics (ONS) has shown that London makes up around 36 per cent of total corporation tax income generated each year, highlighting the capital city’s dominance [...]
Top City law firm slammed for ‘misleading’ AI letters sent to court May 26, 2026 A well-known London-headquartered law firm has been criticised by a High Court judge after a lawyer sent the court AI-generated letters containing false legal information. A judgment handed down on 22 May found a junior solicitor at Pinsent Masons used AI to draft two “misleading” emails containing so-called hallucinations sent to the High Court [...]
Mia Drennan: I was selling Macks in Debenhams – now I run a unicorn May 26, 2026 It took Mia Drennan 400 meetings to get her loan agency off the ground. Over 15 years later, she speaks to Ali Lyon about the recent investment that took the firm to fabled unicorn status, and what lies next. It is half-past-five on a balmy Thursday evening and in a cavernous central London office, a [...]
Next boss slams Labour’s zero-hour contracts crackdown May 26, 2026 The boss of Next has slammed the government’s crackdown on zero-hour contracts and called on Labour to unwind its “employment taxes”. Lord Simon Wolfson, chief executive of the FTSE 100 retailer, said the government’s plans to force employers to offer guaranteed hours to those on flexible contracts will make it “much harder” for Next to [...]
Premier League Predictions: Liverpool secure fifth, Sunderland claim European spot, and there is a nasty shock for Tottenham May 26, 2026 So, here we are, matchweek 38 and the final day of Premier League action for the 2025/26 season. The title may have been decided, but there is still a European qualification to be resolved, not to mention the battle between Tottenham and West Ham to stay in the top flight and avoid relegation to the [...]
VVV Sports eyes Nasdaq listing after £5m raise for US expansion May 26, 2026 London-listed VVV Sports, believed to be the only public pure-play vehicle for investing in padel and pickleball, is planning to join Nasdaq later this year. The company, founded by British entrepreneur Jonathan Rowland, will retain its place on the Aquis stock exchange but is seeking a dual listing as it expands its US footprint. Before [...]
James Reed: UK needs entrepreneurs desperately. So I’m gonna fund them May 26, 2026 My father founded Reed in 1960 with just £75. My new fund will help create the next generation of entrepreneurs, says James Reed.
Labour has not delivered on planning reform, manufacturers say May 26, 2026 UK manufacturers have hit out at the country’s archaic planning system, claiming the Labour government has not delivered on stated aims to back builders over blockers. A new report from industry body Make UK found that almost half of manufacturers (46 per cent) believe the current planning system is still hampering the UK’s economic potential, [...]