Formula 1 revenues soar to $4bn as sport cashes in on popularity February 26, 2026 Formula 1 is closing on annual revenues of $4bn after their recent accounts recorded a 14 per cent increase to $3.9bn. The healthy spike comes as Formula 1 parent company Liberty Media reported a rise in team payouts – by 11 per cent – to $1.4bn ahead of the 2026 season, which will see Cadillac [...]
Investec awards East London coffee enterprise Well Grounded £60k grant February 26, 2026 Financial giant Investec has awarded £60,000 to social enterprise Well Grounded, which plans to create 10,000 career opportunities in the coffee sector in the coming decade. Well Grounded, based in East London, runs speciality coffee training programmes for jobseekers and has placed over 1,000 Brits into the industry so far. Unemployment rose to its highest rate in [...]
Welsh Rugby Union chair says Ospreys not necessarily dead February 26, 2026 The embattled chair of the Welsh Rugby Union has today insisted a reduction of teams to three does not necessarily kill off the Ospreys. The governing body of rugby in Wales has been battling with fans and stakeholders over plans which will see at least one of the four regions struck off to save money. [...]
Sainsbury’s could slash 300 jobs in head office shakeup February 26, 2026 Retail giant Sainsbury’s could axe up to 300 jobs as it overhauls its tech and head office teams across its supermarket and Argos operations. The grocery is restructuring its technology and data unit into one dedicated team for Argos and two for Sainsbury’s. The firm, which employs around 140,000 people, announced it would cut 3,000 [...]
Ocado boss: We were naive to accept orders but US firms should have worked harder February 26, 2026 After its share price tumbled on Thursday morning, the boss of Ocado was given the chance to evade the blame for shuttered warehouses and job cuts. The retail tech group’s financial results set out easing losses and slowly climbing revenue. But it was the plans to cut 1,000 jobs – mostly at the company’s Hertfordshire [...]
Football regulator rubbishes fears red tape will put investors off English clubs February 26, 2026 David Kogan, the chair of the Independent Football Regulator, insists closer scrutiny of clubs’ finances will encourage rather than deter potential investors in the English game. Former media rights consultant Kogan said the IFR’s mission to improve the sustainability of the entire English pyramid would help to make all teams more desirable assets. “The idea [...]
Financial Times lays off staff as chief executive warns of ‘need for change’ February 26, 2026 The Financial Times has completed a round of layoffs, City PM understands, as the London newspaper’s new chief executive told staff of “the need for change” as part of an internal restructuring. Around a dozen roles across the paper’s Product and Tech department have been axed following a consultation process, according to internal communications seen [...]
Instagram to alert parents over teens’ harmful searches February 26, 2026 Instagram will start notifying parents if their teenager repeatedly searches for terms linked to suicide or self-harm, amid mounting political and legal pressure over child safety online. From next week, parents and teens enrolled in Instagram’s parental supervision tools in the UK, US, Australia and Canada will be told that new alerts are being introduced. [...]
London mayor gives green light for pedestrianised Oxford Street February 26, 2026 Sadiq Khan has signed off proposals to pedestrianise Oxford Street, ordering London’s transport authority to begin plans to remove traffic in a major shake-up the nation’s most popular shopping area. The London Mayor gave his approval to the plans on Thursday, claiming the “bold” proposal will transform the high street into a “world-leading” shopping and [...]
Britons grumble about hospitals despite Labour’s NHS drive February 26, 2026 Britons remain frustrated with the state of hospitals despite the Labour government’s push to splash out on the NHS, a new report has suggested. Polling by Ipsos for Deloitte and Re:State, a think tank focused on state capabilities, found that 42 per cent of Britons were dissatisfied with hospitals across the country. Under a third [...]
