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Business

  • London Sports Festival celebrates Commonwealth Games with 3×3 basketball pop-up

    April 17, 2026

    City workers will be able to play 3×3 basketball at a pop-up court in Paternoster Square this summer as part of a Commonwealth Games flavour imbuing the 2026 London Sports Festival. The 3×3 basketball – an addition to the Commonwealth Games programme at Birmingham in 2022 and also set to feature in Glasgow this year [...]

  • Bank of England will set ‘high bar’ for any interest rate change

    April 17, 2026

    Policymakers at the Bank of England will set a ‘high bar’ for making any interest rate change later this month despite growing expectations of rising inflation, top City analyst Simon French has said. The previous energy shock suffered by the UK following the Russian invasion of Ukraine in 2022 saw inflation spike to as high [...]

  • Why Messi taking 100 per cent stake in UE Cornella matters

    April 17, 2026

    Lionel Messi’s purchase of Spanish fifth-tier side UE Cornella represents a broader trend of players seeing football assets as long-term investment opportunities, top football finance experts have said. The Argentinian, who will be heading to the Fifa World Cup this year looking to defend the title he won in Qatar, will own 100 per cent [...]

  • Next boss Simon Wolfson takes record £7.4m pay packet

    April 17, 2026

    Next boss Simon Wolfson took home a bumper £7.4m pay packet last year, as his best-ever pay day could be beaten by next year’s £9.3m – if the firm meets growth targets. Wolfson’s total pay soared from £4.9m the year before, as he took £967k in basic pay and more than £6m in bonuses.  The [...]

  • Billionaire Netflix co-founder Reed Hastings quits after earnings miss

    April 17, 2026

    The billionaire co-founder and chair of Netflix has quit after the streaming giant’s weak financial outlook spooked the market. Reed Hastings, who co-founded Netflix 29 years ago, told investors he will not stand for re-election in June and will focus on philanthropy once he leaves the firm. The shock departure comes after the streaming giant [...]

  • The Yankee dabble in Prem Rugby is Dandy, but I don’t get it

    April 17, 2026

    It is great to see that an American investor is set to take over Exeter Chiefs; it marks a new point of interest for Prem Rugby after Red Bull and Sir James Dyson from this side of the pond invested in Newcastle and Bath respectively. And we must not underestimate the power of US involvement [...]

  • FTSE 100 Live: Stocks jittery as Starmer makes play to reopen Strait of Hormuz

    April 17, 2026

    Good morning and welcome back to the City PM liveblog. The UK and France are set to co-chair a meeting with allies later today in a bid to strum up ways to re-open the Strait of Hormuz. The vital waterway, which sits off Iran’s coast, sees around a fifth of the world’s oil supply flow [...]

  • Shadow energy secretary: Reeves’ subsidies mean nothing without tax cuts

    April 17, 2026

    It is the cost of systems, not electricity, that is driving up businesses' energy bills, writes shadow energy secretary Claire Coutinho.

  • Forget Oasis, dynamic pricing could be coming for your weekly shop

    April 17, 2026

    The rise of big data means dynamic pricing is easier to implement. Paul Ormerod asks what this could mean for consumers's everyday shopping.

  • Can Volkswagen really pivot to defence?

    April 17, 2026

    Can Volkswagen really pivot into defence? Saskia Koopman examines whether one of Europe’s great industrial names can reinvent itself for an era of rearmament. For most of its eight-decade history, Volkswagen has stood as a symbol of Europe’s industrial might – churning cars out at scale and underpinning entire regional economies. But at the company’s [...]

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