Bank of England: Firms are bracing for price rises and job cuts April 24, 2026 Firms believe that employment will decline and inflation will hit four per cent in the next year, research by the Bank of England has shown, as tensions mount over spiralling wage and price growth over the next year. The Bank’s latest decision maker panel, a survey of business owners on price expectations, has fuelled concerns [...]
Big Four giant KPMG downgrades equity partners April 24, 2026 Big Four giant KPMG has begun demoting UK senior equity partners – members who hold a stake in the firm and share its profits – and instead offering them lower status salaried partner roles. KPMG, which last year paid its equity partners on average £800,000 each a year, has reportedly been inviting the partners for [...]
Magic circle Freshfields to co-build legal AI with Anthropic April 24, 2026 Magic circle law firm Freshfields has signed a multi-year agreement with AI giant Anthropic, giving the firm easy access to Anthropic’s latest AI models and collaborating to help design Anthropic’s next-generation offerings. As part of the deal, Freshfields has rolled out Anthropic’s Claude models to its entire global workforce of 5,700 users across 33 offices, [...]
WTA tennis chief Portia Archer leaves after less than two years April 24, 2026 The chief of the WTA women’s pro tennis tour Portia Archer has left her position after less than two years in post. A memo sent by the organisation’s chair Valerie Camillo said Archer’s decision to step down as chief came ahead of a contract renewal. “Portia has made important contributions to our tournaments, our players, [...]
Baggage handler demands Heathrow red tape overhaul amid cost scrutiny April 24, 2026 One of Heathrow’s longest-standing partners has joined a campaign demanding an urgent overhaul of the airport’s regulatory model, saying the hub’s current cost structure and performance languish behind other world-leading hubs. City PM can reveal that Menzies Aviation, which handles much of the baggage passing through the west London hub, has thrown its weight behind [...]
Mondi shares slump over Iran war cost warning April 24, 2026 Shares in paper and packaging giant Mondi have slumped after the firm revealed it is facing soaring costs as a result of the Iran war. The FTSE 100 firm saw its share price drop by more than six per cent in early trading, as it warned it has already faced higher energy, raw material and [...]
Meta to cut 8,000 jobs as AI spending soars April 24, 2026 Meta Platforms is set to cut around 8,000 jobs next month as it ramps up spending on AI, in what marks one of the company’s largest rounds of layoffs in recent years. The move, as first reported by Bloomberg, will see roughly 10 per cent of Meta’s workforce cut, alongside plans to leave thousands of [...]
JD Sports boss quit after failed coup attempt April 24, 2026 The chair of JD Sports quit earlier this week because he failed to convince its board to eject its chief executive, it has been revealed. Andy Higginson quit as chair of the FTSE 100 sportswear retailer on Wednesday, with his tenure set to complete after the firm’s annual meeting in July. He said he was [...]
Computacenter shares jump as FTSE 250 firm lifts profit forecast April 24, 2026 Shares in Computacenter jumped on Friday as the firm upgraded its profit forecast after cheering a surge in customer demand. The FTSE 250 IT supplier said it now expects to “deliver a much stronger performance” with 2026 pre-tax profit set to come in well ahead of market expectations of £291m. The Hertfordshire-based business said customers [...]
Santander celebrates the winners of the SW50 2026 programme April 24, 2026 Puja Patel, Head of Strategic Programmes and Universities at Santander UK, recently said: “It’sso important that we celebrate and recognise female talent in the workplace. Without women, wedon’t get the diverse balance that can drive growth, positive change and a greater impact in terms of what society can offer.” Celebrating and recognising female talent sits [...]
