Burnham’s high street tax plan carries £880m price tag July 6, 2026 Andy Burnham’s plans to overhaul business rates in favour of Britain’s high streets could cost around £880m a year, according to new analysis, as questions mount over how the Labour leadership frontrunner would pay for one of his first major tax reforms. Forecasts by global tax firm Ryan suggest Burnham’s proposal to expand Small Business [...]
Currys launches £50m buyback as it shrugs off market slowdown July 2, 2026 Currys said it would launch a £50m share buyback after it posted a jump in profit and shrugged off a wider market slowdown by expanding its offerings and cutting its cost base through redundancies. The tech retailer said its UK and Ireland revenue ticked up three per cent to £5.4bn and “outperformed the market” following [...]
World Cup Kick-Off Times Rewrite Hospitality Trading Patterns, Fourth Analysis Reveals July 2, 2026 Fourth, a leading provider of workforce and inventory management software for the hospitality industry with more than 25 years’ experience, has analysed anonymised trading data from over 5,600 customer locations to reveal how this summer’s World Cup is reshaping consumer behaviour across the sector. While England’s opening World Cup fixtures generated a 20% uplift in [...]
‘It’s gone’: How a social housing scheme left amateur investors £40m out of pocket July 1, 2026 A social housing investment scheme that promised amateur investors huge returns with no risk has collapsed into administration owing its backers nearly £40m, City AM has learned. Alderley Group, which invested in affordable housing projects across the North West of England, has left around 1000 investors out of pocket after claiming it could guarantee returns [...]
FTSE 100 giant ABF shares slide as it braces for £60m sugar crash after Iran war July 1, 2026 FTSE 100 giant Associated British Foods has issued a major warning on the state of its sugar businesses over “the duration and severity of the Middle East conflict”. The multinational conglomerate – which spans across the food and retail industry – said it expects its sugar operation to deliver a loss of as much as [...]
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 [...]