CoStar Data Shows U.K. Economy Outperformed Growth Expectations in Q1 2026 May 18, 2026 Led by broad increases across the services sector, the U.K. economy expanded in March, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518451277/en/ Quarterly growth reached 0.6%, up from 0.1% in the [...]
First Guests Arrive at Four Seasons Resort and Residences Red Sea at Shura Island from 20 May, as Red Sea Global Launches First JV Resort May 18, 2026 RSG and Kingdom Holding Company bring first joint venture-developed resort at The Red Sea to market
Gradiant Announces Series E Financing at $2 Billion Valuation to Accelerate Expansion in AI, Semiconductors, and Industrial Water Infrastructure May 18, 2026 New investment supports strategic M&A, next-generation R&D, and IPO readiness as Gradiant experiences record growth driven by AI infrastructure and advanced manufacturing
Rachel Reeves reforms ring-fencing in boost to Natwest and Lloyds May 18, 2026 Rachel Reeves has handed a major boost to the likes of Natwest and Lloyds with an overhaul of the ring-fencing regime in hopes to free up capital to be invested into the UK. The Treasury has unveiled a shakeup of the 15-year-old legislation, which requires major banks to separate their retail banking operations from their [...]
London Sports Festival Serves Up Pickleball in New Street Square May 18, 2026 Central London Alliance’s London Sports Festival, in partnership with Landsec and supported by Fleet Street Quarter, is set to bring one of the world’s fastest-growing sports to the heart of the capital with the launch of a new pickleball activation at New Street Square. Pickleball is the fast-paced, social sport that has taken the world [...]
Energy giant clashes with HMRC at UK’s highest court over £28m penalty May 18, 2026 Scottish Power is to face the tax authority at the UK’s highest court over a tax deduction on a £28m penalty to settle a probe with the regulator. The legal case stems from a probe by the energy regulator Ofgem into Scottish Power between 2013 and 2016 regarding mis-selling, poor complaints handling, and a lack [...]
UK property taxes are highest in world – and they’re rising May 18, 2026 The UK has the highest level of property taxes of any major economy in the world as a share of the economy, according to new analysis, with new business reforms only set to add to the load. The global tax firm Ryan said the UK suffered a heavier property tax burden than the likes of [...]
The City is paying the price for Britain’s energy failure May 18, 2026 High, unstable energy costs don’t stay in the energy sector. They get absorbed into operating margins, debt-service forecasts, insurance assumptions, infrastructure returns, and the discount rate applied to British assets, says Alan Chang The City does not need another price shock to understand Britain’s energy problem. Markets are already pricing the risk. Renewed tensions with [...]
Good policing is the unsung pillar of growth May 18, 2026 Market confidence in the City is inseparable from its security, and the police are a core enabler of that security, writes Chris Hayward.
STARTEEPO Invest Announces 5% Stake in Xerox Holdings Corporation May 15, 2026 STARTEEPO Invest (“STARTEEPO”), an alternative investment fund focused on public equity opportunities, today announced that it has acquired a significant ownership position in Xerox Holdings Corporation (“Xerox” or the “Company”). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515594020/en/ As of the date of this release, STARTEEPO and its affiliates beneficially owns 6.6 [...]