Space X to allow British investors to buy into blockbuster IPO June 2, 2026 British investors will be able to buy into Space X’s mega IPO, as the space technology company looks to strip back listing rules as it prepares to go public later this month. The company is anticipated to price its blockbuster initial public offering on the Nasdaq later this month, with the company targeting a valuation [...]
World Cup won’t boost US or European economies, experts warn June 2, 2026 The upcoming Fifa World Cup is unlikely to deliver significant or lasting economic growth for its three hosts and the European market, experts have warned. The quadrennial tournament – being held across the United States, Canada and Mexico – is set to “generate excitement far more reliably than sustained economic transformation”. Natixis CIB’s report, Beyond [...]
Zero-hour crackdown could wipe out seasonal work, Labour warned June 2, 2026 Labour has been warned that its controversial crackdown on zero-hour contracts could eradicate seasonal work and put even 20-hour contracts under threat. The government has said it could class 20-hour weeks as a low-hour contract and force firms to offer permanent terms after as little as 12 weeks of work. Retail and hospitality firms have [...]
Londonmaxxing: Queen’s start of top tennis year for capital June 2, 2026 The capital is going through a period of Londonmaxxing, where the much-loathed Gen Z social media tribe is, surprisingly, bigging up London amid online hatred for the city. They’re strutting with their coffees, diving into thousands of years of history and realising that London really is at the centre of much of the sporting universe. [...]
How do you teach a robotaxi London? Waymo explains June 2, 2026 Before Waymo launches a commercial robotaxi service in London, it needs to teach its vehicles more than just how to drive on the left, writes Saskia Koopman. Waymo, the Alphabet-owned autonomous driving company, has spent months testing vehicles across the capital ahead of a planned commercial launch. The robotaxi giant has been testing in London [...]
Losses widen at UK fintech Monese in eight month delayed accounts June 2, 2026 UK fintech Monese suffered a major widening of losses as its bottom line was hit by restructuring costs amidst its takeover by pseudo-bank peer Pockit. The London-based firm – which provides mobile-only current accounts, multi-currency wallets, and money transfer services – booked a pre-tax loss of £15.9m in the 2024 financial year. Fresh accounts – [...]
England chiefs lay bare Fifa World Cup logistics schedule June 2, 2026 The chief executive of the Football Association has laid bare the logistical complexities of England’s upcoming World Cup. The tournament is being held across the United States, Canada and Mexico with many European teams expecting to lose money, in part, because of travel issues. “These tournaments, you’re going to be away for a long time,” [...]
Former Lloyd’s DEI leader left Beazley over non-financial misconduct allegations June 2, 2026 A former chief risk officer at cyber insurance giant Beazley left the FTSE 100 business following allegations of non-financial misconduct. City PM understands that Rob Anarfi, who had been at Beazley since 2012, left the FTSE 100 business early last year following allegations of non-financial misconduct. Anarfi was also chair of the Lloyd’s of London [...]
Patagonia faces PR backlash over trademark lawsuit with drag queen June 2, 2026 Patagonia is in hot water over its legal action against a drag queen, but as lawyers suggest, businesses face a double-edged sword when it comes to protecting their trademarks. A drag queen artist and environmentalist, Wyn Wiley, was sued by the US outdoor retailer Patagonia, which alleged the performer violated its trademark by going professionally [...]
TG Jones owner Modella puts jobs at risk in shoe retailer overhaul June 2, 2026 Modella Capital is set to put hundreds of jobs on the line as it pursues its latest drastic restructuring, this time of northern shoe seller Wynsors World of Shoes. The private equity firm which owns hundreds of former WH Smith stores has briefed staff on its plans for an overhaul at the shoe retailer it [...]
