Burnham would ‘probably’ have won by-election, says Powell February 28, 2026 Andy Burnham would have won the Gorton and Denton by-election, Labour’s deputy leader said as she called for the party to make more use of the Greater Manchester mayor. Labour fell to third in the previously rock-solid seat on Thursday, with the Greens winning a fifth seat in Parliament and Reform UK coming second. The [...]
UK Sport: We invest £32m in winter sports because Britain cares deeply February 28, 2026 Milan Cortina and the British public’s appetite for melon grabs and curling showed why UK Sport invested £32.5m in winter sports in this Olympic cycle, says CEO Sally Munday. Watching years of dedication come together in a single run at Milan Cortina earlier this month was extraordinary. Matt Weston’s performance en route to Team GB’s [...]
Block slashes 4,000 jobs in latest AI warning February 27, 2026 Payments giant Block will slash nearly half its workforce, cutting more than 4,000 roles as it pivots towards a business model built around AI and leaner teams. In a message to staff, the company confirmed it will reduce headcount from more than 10,000 employees to just under 6,000, with affected workers either leaving immediately or [...]
Ministry of Sound says clubbing is back as it reopens The Box February 27, 2026 Famous London super club Ministry of Sound turns 35 this year, celebrating the occasion with the completion of a five year, multi-million pound renovation. The final piece of the puzzle: the main arena, known to generations of clubbers simply as “The Box”. Self-described as “one of the most revered club spaces in the world” there’s [...]
Top Barclays executive to take the helm at UK banking watchdog February 27, 2026 A senior Barclays executive and former Treasury official has been appointed as the chief supervisor for British banks and insurers, reinforcing the government’s drive to ease regulations brought in after the 2008 financial crisis. Katharine Braddick, head of strategic policy at Barclays and senior adviser to the chief executive, will succeed Sam Woods as the [...]
Rightmove boss talks down ChatGPT threat and defends AI investment February 27, 2026 Property giant Rightmove sought to walk a tightrope when it launched its financial results on Friday, as its execs stood by the firm’s divisive AI plans while distancing themselves from silicon valley giant OpenAI. Friday’s results offered an opportunity to calm the shareholders who wiped £1bn off the firm’s value when it announced its AI [...]
Legal battle over Labour’s inheritance tax reliefs set for March hearing February 27, 2026 The legal challenge to proposed changes to agricultural property relief (APR) and business property relief (BPR) has been listed for an urgent two-day hearing next month. The proposed changes to APR and the BPR represent one of the biggest shifts in UK IHT policy in decades, following the government’s initial increase of the threshold to [...]
Why serviced offices are still mispriced and why that’s starting to change February 27, 2026 As offices shift toward hospitality and operational value, a familiar tension is emerging in capital markets:how do you value a building when the income looks more like a business than a lease? For many investors, serviced and flexible offices still sit in an uncomfortable grey area. They don’t fit neatly into traditional valuation models, and [...]
FTSE 100 Live: Pound hits two month low after byelection, Flutter shares tumble February 27, 2026 Good morning and welcome back to the City AM liveblog. We were treated to a whole host of corporate updates yesterday and investors in some of the City’s biggest blue-chips were handed plans for bumper returns. Aerospace giant Rolls-Royce revealed ambitions to dish out up to £9bn to shareholders through from 2026 to 2028. The [...]
Lyten Completes Acquisition of Northvolt Sweden and Establishes its First Lyten Industrial Hub in Sweden February 27, 2026 Lyten announces it has completed the acquisition of Northvolt’s battery assets in Sweden, totaling nearly $5B in value. The Skellefteå battery site, Northvolt Ett, is resuming operations and plans to deliver commercial cells in 2H 2026. Lyten announces the establishment of the Lyten Industrial Hub in Skellefteå, Sweden to co-locate battery manufacturing, data centers, and additional manufacturing activities. In connection with the closing, EdgeConneX, a portfolio company of EQT, plans to acquire a data center site from Lyten, with potential capacity of up to one gigawatt.