Reddit fined £14m over children’s data protection failures February 24, 2026 Social media platform Reddit has been fined £14.47m by the Information Commissioner’s Office (ICO) after a probe found it unlawfully processed children’s personal information. The platform was also found to have failed to implement adequate age checks. The UK data protection regulator said the US-based company did not implement robust age assurance measures, meaning it [...]
FCA: We don’t want to take risk decisions alone February 24, 2026 The City watchdog should not be determining the UK’s risk appetite “alone”, a top official has said, as the regulator continues to try and coax more guidance from the government on its growth push. Sarah Pritchard, the deputy chief executive of the Financial Conduct Authority (FCA), said the regulator was trying to “prompt” a wider [...]
There’s a new Magnificent 7, and it’s called the Fusty 5 February 24, 2026 The success of the ‘Magnificent 7’, a group of technology companies so called for their historic stock market performance and gargantuan scale, has to many been the defining market story of the past half-decade. The seven hyperscalers – which include Alphabet, Amazon and Nvidia – have carried the American stock market to a years-long streak [...]
‘I see people doing dumb things’: Jamie Dimon warns of crisis-style AI reckoning February 24, 2026 The world’s most influential banker has drawn parallels to the time before the global financial crisis amid inflated asset prices and peers doing “dumb things”. Jamie Dimon, the top boss of Wall Street behemoth JP Morgan, said: “Unfortunately we did see this in ‘05, ‘06, ‘07, almost the same thing. “The rising tide lifts all [...]
Lack of trust in AI tempers Starmer’s tech push February 24, 2026 Britain’s AI sector has entered the year with continued momentum, with its leading heavyweights raising over £20bn in private capital over the past year. According to Startup Coalition’s latest AI index, British AI firms command a combined valuation north of £45bn. Business services accounted for roughly 400 AI startups, attracting £8.3bn, while financial services and [...]
Developers shrink Silk Street plans to dodge objections February 24, 2026 Plans for a huge new office development in the heart of the City have been shrunk in a bid to dodge objections raised by furious locals. The plans to redevelop the existing western building, located next door to the Barbican estate, will now see it stand ten metres shorter than initially planned, in response to [...]
UK unemployment will surpass pandemic high, says JP Morgan February 24, 2026 UK unemployment will brush past its peak in the Covid-19 pandemic, Wall Street’s biggest bank has predicted, as employer’s still feel the brunt of Rachel Reeves’ cash grabs. The rate of unemployed Brits is tipped to reach 5.5 per cent by the late spring, according to a forecast by JP Morgan, which would mark an [...]
Louise Haigh doubles down on demand for OBR overhaul February 24, 2026 Former transport secretary and vocal soft-left backbencher Louise Haigh has issued another plea for Chancellor Rachel Reeves to overhaul the Office for Budget Responsibility a week before the Spring Statement. In a swipe at the Chancellor’s management of the UK economy, Haigh argued that mandating the watchdog to produce five-year forecast windows “risks entrenching decline”. [...]
Shoplifting cost retailers £400m last year February 24, 2026 British retailers lost out on nearly £400m last year due to shoplifting, despite falling numbers of violent theft and abuse. Violence and abuse against shopkeepers occurred 1,600 times per day on average, down 20 per cent from 2,000 last year, according to a crime report published by the British Retail Consortium (BRC). The Crime and [...]
Premier League must ditch unlicensed betting firms immediately, says Entain February 24, 2026 Entain, the parent company of betting brands Ladbrokes and Coral, has called on the Premier League to impose an immediate ban on the advertising of gambling firms without UK licences. The bookmaking giant has urged England top football clubs to halt pitchside advertising of betting companies targeted at overseas gamblers straight away and commit to [...]
