Reeves unveils ‘Great British Summer Savings’ at cost to energy giants May 21, 2026 Chancellor Rachel Reeves has unveil edthe government’s “Great British Summer Savings” campaign, committing hundreds of millions of pounds to lower costs for families by taxing energy companies more. Under a new price adjustment set by the government, children aged five to 15 will be able to travel free on participating local bus services across England from [...]
KKR Invests in Fresha, the Leading AI-Powered Platform for Beauty and Wellness, at $1bn Valuation May 21, 2026 Fresha, the leading AI-powered marketplace and business management platform for the beauty and wellness industry, today announced an $80 million primary growth investment from funds managed by KKR, a leading global investment firm. The transaction values Fresha at over $1 billion, marking a defining milestone in its mission to transform how self-care businesses operate globally. [...]
Championship play-off final: Hull or Middlesbrough stand to gain £200m May 21, 2026 Hull City and Middlesbrough will be fighting for a £200m revenue windfall this weekend in the Championship play-off final, according to Deloitte. The Tigers and Boro head to Wembley Stadium on Saturday after a week marred by Southampton’s “Skygate” looking for a spot in next season’s Premier League. And Big Four firm Deloitte’s Sports Business [...]
Hard numbers and gut feel: Lessons learned the hard way about the investor relationship May 21, 2026 At SCALE SUMMIT on 22 April, Women Who Scale brought together a panel of female founders and investors for a frank discussion on capital, culture and the conditions needed to enable more women to build and scale. The conversation went deep on what it actually feels like to raise money as a female founder. The [...]
‘Economically reckless’ – Streeting calls for wealth tax ‘that works’ in pitch for leadership May 21, 2026 Wes Streeting has called for a “wealth tax that works” as the former health secretary sets out his stall ahead of an expected Labour leadership contest later this year. Streeting resigned from the cabinet earlier this month and has confirmed that he would stand in a contest to oust Sir Keir Starmer, though he has [...]
Former Red Bull boss Horner lands job at private equity fund targeting sport May 21, 2026 Former Red Bull Racing team principal Christian Horner has become an advisor to private equity firm Oakley Capital on premium sport investments. The Brit left Red Bull last year after 20 years at the Formula 1 team and has been exploring a return to the sport through ownership. He reportedly teamed up with MSP Sports [...]
SpaceX IPO puts Musk’s AI empire – and ambitions – in the spotlight May 21, 2026 SpaceX has finally opened its books to public markets, revealing a company generating tens of billions in revenue, burning through cash at an extraordinary speed and betting its future on AI as much as rockets. The long-awaited Nasdaq float, expected next month, could value Elon Musk’s space and AI empire at as much as $1.75 [...]
Next faces shareholder pressure over worker pay May 21, 2026 Shareholders in Next are set to put pressure on the retail giant to take action on its “reliance” on low-paid labour. At Next’s annual general meeting on Thursday, a group of investors will call on the retailer to take further action on worker pay and adopt the “real living wage” for all employees. But the [...]
Weather or not to stock – AI aims to shelter UK business from the classic (wet) British summer May 21, 2026 A chilly spring, a sluggish UK economy and hard-pressed household budgets at a time of rising interest rates have combined to put a national talking point – the weather – into the spotlight in the City. Seasonal trends, or the lack of them, can make or break trading at retailers and hospitality companies. Disruption from [...]
Lawyers say fee hikes punishes profession for regulator blunders May 21, 2026 The legal watchdog plans to raise its funding by increasing lawyer fees to address past shortfalls, but the legal profession is frustrated, arguing they are being forced to pay for the regulator’s own failures and legacy issues, writes Maria Ward-Brennan. Lawyers are not chuffed at the regulator’s plan to increase its fees in the upcoming [...]