Government-backed ESG reporting platform put up for sale as firms backtrack on eco-goals June 30, 2026 An ESG reporting platform backed by the government-owned British Business Bank has been put up for sale after appointing administrators, City AM can reveal, in the latest sign blue-chip companies are paring back their sustainability commitments. World Wide Generation, which operates the platform, known as G17 Eco, has opened the bidding to interested parties and [...]
Streeting tax policies could cost the Treasury nearly £8bn June 29, 2026 Adopting Wes Streeting’s plans to hike capital gains tax could cost the Treasury billions of pounds and lead to a reduction in retail investment, new analysis suggests. Last month, Streeting, who is reportedly in the running to succeed Rachel Reeves as Chancellor should Andy Burnham enter No 10, proposed that capital gains tax (CGT) should [...]
Geoswift and SKUx Announce Strategic Partnership to Develop a First-of-Its-Kind Programmable Stablecoin Commerce Network June 29, 2026 Bridging digital assets, traditional finance, enterprise treasury, and agentic commerce through global programmable money infrastructure
Meta’s prediction markets app to prompt scrutiny from British regulators June 26, 2026 Meta’s reported plans to launch a standalone prediction market app could face regulatory hurdles in Britain, where rival US platforms have already struggled to gain access to one of the world’s largest betting markets. The New York Times reported on Wednesday that the Facebook owner is internally developing Arena, a new experimental prediction market product [...]
H&M misses sales target as cost-cutting leaves retailer understocked June 25, 2026 H&M slumped to lower than expected sales and profit as the retailer warned that its cost-cutting drive is leaving some stores unable to keep up with demand. The Swedish-listed firm took 54.8bn kronor (£4.2bn) in sales in the three months to the end of May, flat year on year. Its operating profit jumped by 11 [...]
QEPOS Solution Ltd and DNA Payments Partner to Bring Streamlined ePOS Payments to UK Hospitality and Retail Businesses June 25, 2026 DNA Payments has partnered with QEPOS Solution Ltd (QEPOS), a UK-based ePOS software and systems provider, to offer integrated payments for hospitality and retail businesses nationwide. QEPOS has become a leading supplier for point-of-sale solutions for hospitality and retail businesses of all sizes, helping them serve customers efficiently and grow sustainably by creating a unified [...]
Halfords shares rev up as garage growth drives return to profit June 25, 2026 Halfords shares have boomed after it smashed analyst expectations to turn a £44m profit, in a sign that the motoring and cycling retailer’s turnaround is beginning to gain pace. The company notched a £43.6m pre-tax profit in the year to April, returning to the black after last year’s £30m loss, as revenue grew five per [...]
As it happened: Stocks higher as oil price sinks; Reeves makes bid to stay as Chancellor June 25, 2026 Welcome back to the City AM liveblog. The price of oil is heading lower this morning as the outlook around the Strait of Hormuz improves. Brent crude – the international benchmark for oil prices – tumbled below $73 per barrel, extending losses for a fourth consecutive session. These moves helped wipe out all the gains [...]
Pigment boss: ‘We’re replacing legacy players at the speed of light’ June 24, 2026 Eléonore Crespo, co-founder and chief executive of Pigment, said the company is replacing legacy enterprise software providers “at the speed of light”, as demand for AI-native business planning accelerates across the private sector. The Paris-headquartered platform, which helps companies including Unilever, Siemens, Anthropic and Coca-Cola run financial planning and performance management, is approaching $100m (£75m) [...]
B&M poaches Asda exec in bid to shake off accounting blunder June 24, 2026 B&M has poached an Asda executive to replace the chief financial officer who quit over a £7m accounting blunder, as the retailer eyes a drastic turnaround. The FTSE 250 firm said on Wednesday that Atheeq Akbar, currently vice president of commercial finance at Asda, will join the firm as chief financial officer next year. B&M’s [...]