Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow June 16, 2026 Rathbones is set to lose out on hundreds of millions of pounds of inflows after it suspended contributions from thousands of customers following an independent investigation into its business amid concerns from the Financial Conduct Authority. The review into the company, known as a skilled person review, uncovered compliance shortcomings in its UK wealth management [...]
Westlake Expands Global Chlorovinyls Manufacturing Capacity With Acquisition of PVC and VCM Plants in Wilhelmshaven, Germany June 15, 2026 Westlake Corporation (NYSE: WLK) (“Westlake”) announced today that its German subsidiary, Westlake Vinnolit GmbH & Co. KG, has completed the previously-announced acquisition of a polyvinyl chloride and vinyl chloride monomer production site located in Wilhelmshaven, Germany (the “Wilhelmshaven plant”). The Wilhelmshaven plant, which was previously in insolvency administration, has the capacity to produce 380,000 metric [...]
Serco hits back after Zia Yusuf accuses FTSE 250 firm of being ‘hostile to Reform’ June 15, 2026 One of the UK government’s biggest private sector contractors has denied being hostile to Reform UK after the party’s home affairs spokesperson Zia Yusuf after accused it taking “political positions” against his immigration policy. Citing a report in the Telegraph that suggested FTSE 250 firm Serco would refuse to support Reform’s deportation plans if it [...]
Social media ban may push children to ‘darker corners of the internet,’ lawyers warn June 15, 2026 Sir Kier Starmer’s announcement to ban social media for under-16s on Monday morning may create privacy issues for children and encourage them to use less regulated platforms, legal experts have warned. Speaking at Downing Street on Monday, the Prime Minister said social media platforms are harming children’s wellbeing and making it easier for their mental [...]
‘Banker’ arrested in connection with ‘Putney pusher’ attack June 15, 2026 Police looking for the so-called Putney pusher have arrested a man in connection with the case, nine years after CCTV footage appearing to show a woman being pushed into an oncoming bus triggered a high-profile manhunt. The 44-year-old male was detained by the Metropolitan Police on Monday despite detectives closing their investigation into the incident [...]
Manchester United bank eight-figure fee from Amazon All Or Nothing deal June 15, 2026 Manchester United will receive an eight-figure fee after agreeing to feature in the next edition of Amazon Prime Video’s All Or Nothing documentary series. The show will follow the club’s fortunes over the next year, with shooting set to begin in pre-season and the series due to air in summer 2027. United follow Premier League [...]
Mayer Brown defends ‘do not disturb’ policy despite criticism from rivals June 15, 2026 When the US law firm Mayer Brown, based in the City, implemented a policy that partners should not disturb associates during their holidays, its London office managing partner said some rival partners criticised the move. Speaking to City AM, Dominic Griffiths said: “When I introduced that policy [three years ago], there were one or two [...]
Andy Burnham commits to triple lock despite backlash over ‘unsustainable’ policy June 15, 2026 Andy Burnham has committed to keeping the triple lock pension and allowing pensioners to escape paying income taxes despite the policy being opposed by swathes of economists and MPs. Burnham said he would keep the triple lock pension, the mechanism that ensures the taxpayer-funded state pension rises by whichever is highest out of wage growth, [...]
VPN demand rockets as UK prepares for under-16 social media ban June 15, 2026 Searches for VPNs jumped 165 per cent overnight after the government confirmed plans to ban under-16s from social media, fuelling demand for digital workarounds. The rush came within hours of Keir Starmer unveiling one of the world’s toughest online safety regimes, which will block social media platforms from offering services to under-16s and introduce wider [...]
Bank of England’s Bailey defends bond sale programme June 15, 2026 Andrew Bailey has launched a robust defence of the Bank of England’s controversial bond sale programme, arguing it will provide the firepower for another round of quantitative easing in a market downturn. Writing in The Times, Bailey argued the central bank’s move to hoover up UK government bonds, known as gilts, in the wake of [...]