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Business

  • ‘Economically reckless’ – Streeting calls for wealth tax ‘that works’ in pitch for leadership

    May 21, 2026

    Wes Streeting has called for a “wealth tax that works” as the former health secretary sets out his stall ahead of an expected Labour leadership contest later this year. Streeting resigned from the cabinet earlier this month and has confirmed that he would stand in a contest to oust Sir Keir Starmer, though he has [...]

  • PRs: This is how to handle conflict

    May 21, 2026

    As a humanities student, one of the academics I cited regularly was the 20th century philosopher AJ Ayer. Ayer is credited, among other things, with popularising, in the English speaking world, the movement of logical positivism – which, to oversimplify, is a theory of the meaning of statements about the world. Few academics were more [...]

  • More Brits ditch UK than thought as net migration halved 

    May 21, 2026

    More British nationals have ditched the UK than previously thought as the Office for National Statistics said net migration halved between 2024 and 2025.  The ONS said that 246,000 British nationals left the UK in 2025, with two thirds of people being aged 16 to 34. This was a decline from 2024 when 257,000 British [...]

  • Firms accelerate job cuts as 12-month growth run ends 

    May 21, 2026

    Firms have accelerated job cut plans across the private sector as a 12-month run of business growth has come to an end, new data has revealed.  Employers have now slashed headcount levels in each of the last 20 months, with the pace of job shedding in May coming at a faster pace, S&P Global researchers [...]

  • ‘Exceptionally challenging’: Starling puts climate target under review

    May 21, 2026

    Starling has placed its target to reduce carbon emissions by one-third by 2030 under review after it cited “exceptionally challenging” roadblocks in its mission. The UK fintech – which published its annual report on Thursday – had targeted achieving net zero across the financial services group by 2050. On the road to this goal, the [...]

  • The Works shares soar as families look for ‘screen-free’ fun

    May 21, 2026

    Shares in The Works soared on Thursday morning after the retailer said growing demand for “screen-free” entertainment is driving up revenue. The Aim-listed stock jumped 11 per cent on early trading, to 60p, after it reported revenue growth of more than three per cent to £260m in the year to May. The retailer saw like-for-like [...]

  • ‘We’ll keep acquiring’: Young’s sets sights on buying up dozens more London pubs

    May 21, 2026

    One of London’s biggest pub chains has said it wants to buy up dozens more pubs after cheering the success of recent takeovers. Young’s, which currently operates around 280 pubs across the country, has set a medium-term target of expanding its estate to 350 pubs. The group has been on a major acquisition spree over [...]

  • Former Red Bull boss Horner lands job at private equity fund targeting sport

    May 21, 2026

    Former Red Bull Racing team principal Christian Horner has become an advisor to private equity firm Oakley Capital on premium sport investments. The Brit left Red Bull last year after 20 years at the Formula 1 team and has been exploring a return to the sport through ownership. He reportedly teamed up with MSP Sports [...]

  • Southampton sponsors could sue over £170m Spygate verdict

    May 21, 2026

    Southampton could face legal action from sponsors for reputational damage after they were kicked out of the Championship play-off final over “Spygate”, lawyers have warned. An arbitration panel dismissed Southampton’s appeal against their expulsion from the £170m Wembley showdown after the club admitted multiple counts of spying on opponents. Leading sports lawyers believe the Saints [...]

  • SpaceX IPO puts Musk’s AI empire – and ambitions – in the spotlight

    May 21, 2026

    SpaceX has finally opened its books to public markets, revealing a company generating tens of billions in revenue, burning through cash at an extraordinary speed and betting its future on AI as much as rockets. The long-awaited Nasdaq float, expected next month, could value Elon Musk’s space and AI empire at as much as $1.75 [...]

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