Square Mile Irish pub to be converted into youth hostel July 2, 2026 A Square Mile Irish pub is set to be converted into a youth hostel in the latest sign of the City’s gradual transformation from a work district to a visitor destination. Feeney’s pub, near Fenchuch Street station, as well as the offices above the pub, will be replaced by a “contemporary tourist hotel and hostel [...]
Barclays, HSBC, Lloyds, and NatWest among the first banks in the world to adopt new Swift framework for enhanced international consumer payments July 2, 2026 Barclays, HSBC, Lloyds and NatWest will be among the first financial institutions in the world to go live with a new global initiative transforming the experience for people sending and receiving international transfers.
Interest rate cut is ‘off the table’, says Bank of England governor July 2, 2026 Andrew Bailey has said cutting interest rates is “off the table at the moment” in the clearest sign yet borrowing costs are likely to stay elevated for the rest of the year. The Bank of England governor said on a panel at the European Central Bank’s annual conference in Portugal that inflationary pressures following the [...]
Government intervenes on foreign takeover bids for UK defence firms July 2, 2026 Ministers have intervened in a flurry of foreign takeover attempts on British defence firms in the past year over concerns the bids posed a threat to national security, City AM can reveal. The government unit that scrutinises takeovers “called in” 24 proposed bids from foreign buyers between the first quarter of 2025 and the end [...]
Vercel and Mercedes-AMG PETRONAS Formula One Team Announce Multi-Year Strategic Partnership July 1, 2026 The agentic infrastructure platform known for speed is joining forces with one of the world's fastest Formula One teams
Starmer claims fiscal headroom can fill £5bn defence funding gap July 1, 2026 Sir Keir Starmer has suggested the existing fiscal headroom can be used to fill a defence funding gap of around £1bn a year. During Prime Minister’s Questions, Starmer accused the Conservatives of a “faux outrage” over complaints about £4.7bn out of £15bn being left for funding at the Budget this year. Starmer said that a [...]
Xsolla Announces Scholarship Program to Support Emerging Developers July 1, 2026 New Initiative Expands Access To Gamescom By Reducing Financial Barriers For Independent And Mid-Tier Game Developers Worldwide
Halifax ends 173-year high street run as Lloyds ditches branding July 1, 2026 Lloyds Banking Group is set to ditch its Halifax brand in a move that will end the retail bank’s 173-year run on the high street. The FTSE 100 titan – whose subsidiaries also include Bank of Scotland and Scottish Widows – said on Wednesday it would rebrand Halifax under the central moniker of Lloyds. Lloyds [...]
Azalea Vision Awarded Prestigious EIC Accelerator Funding to Advance Smart Contact Lens into Clinical Development July 1, 2026 Belgium’s only company selected in the latest EIC Accelerator funding round. Up to €7.5 million in blended finance: a €2.5 million non-dilutive grant plus a planned €5 million EIC Fund equity investment. Funding advances Azalea’s smart contact lens platform from technical validation into the clinic. Selection provides independent validation of Azalea Vision’s technology, clinical strategy and commercial potential.
Brewdog chief executive quits after only one year July 1, 2026 The boss of Brewdog has stepped down barely more than a year after taking up the role in the latest twist in the long-running saga over the management of the beleaguered beer business. James Taylor, who took up the role of chief executive at the beginning of last year and who oversaw the takeover of [...]