Diageo, Burberry rally after Trump tariff ruling February 20, 2026 Shares in two of the FTSE 100’s biggest retailers rallied on Friday afternoon after it was revealed President Trump’s sweeping global tariff regime had been struck down by the top US court. Burberry shares ended the day’s trading session up 3.2 per cent to 1,212p, while Diageo jumped 3.9 per cent to 1,851p after the [...]
London Stock Exchange confirms first firm on Pisces framework February 20, 2026 A vehicle containing shares in a £1.3bn venture capital firm that backs tech spin-outs from Oxford University will be the first organisation to use the new Pisces private stock market, the London Stock Exchange has said. The UK’s flagship capital markets operator confirmed that shares in Oxford Science Enterprises, an early-stage VC fund best known [...]
Meet the lawyers defending Andrew Mountbatten-Windsor and Peter Mandelson February 20, 2026 The former Duke of York, Andrew Mountbatten-Windsor, has called on his trusty lawyer following his arrest on suspicion of misconduct in a public office on Thursday. Blackfords’ Gary Bloxsome and Jennifer Richardson, alongside Matrix Chambers’ Clare Montgomery KC, have been instructed by Andrew in relation to legal troubles. When the late Virginia Giuffre filed a [...]
Franco Manca owner appoints advisers for possible sale February 20, 2026 The group which owns pizza chain Franco Manca and The Real Greek restaurants has hired advisers to review its strategic options in a possible first move of a sale or restructuring. Fulham Shore said on Friday it had appointed advisors Alvarez & Marsal, and reports say a sale could be on the table. The UK’s [...]
US Supreme Court rules Trump’s ‘Liberation Day’ tariffs were illegal February 20, 2026 The US Supreme Court has handed down a landmark ruling that the sweeping tariffs President Donald Trump imposed on trading partners last year were illegal. Justices were weighing up a case centred around the Emergency Economic Powers Act that allows a President to regulate imports during a national emergency. The White House had argued the [...]
Segro boss David Sleath: AI data centre roll out a matter of life and death February 20, 2026 The roll out of AI data centres in the UK’s urban hubs is a matter of life and death, warehouse magnate David Sleath has said. In an interview with City PM, the chief executive of industrial property group Segro said developing data centres in urban areas is “critical” for relying on developments such as saving [...]
Buy now, sell-off later: Where did Klarna’s IPO go wrong? February 20, 2026 When Klarna finally kicked off its Wall Street listing in September chatter quickly emerged whether the move would open the floodgates to a fleet of fintech listings. With the likes of Monzo, Zilch, Revolut and Starling all speculated to be eagerly waiting in the wings, all eyes were on the Swedish unicorn as a taster [...]
Hunslet RLFC’s lesson for rugby league profitability? Pay HMRC February 20, 2026 Something incredible happened in the world of English rugby league this week. No, not the World Club Challenge victory for Hull KR over Brisbane Broncos, but a club in Hunslet RLFC turning a profit. Various reports state that, across the latest possible Companies House records, only Leigh Leopards turned a profit, over £500,000 better off [...]
Seattle Seahawks: Why are NFL franchises selling for $10bn? February 20, 2026 Just days after winning their first Super Bowl in over a decade the owners of the Seattle Seahawks – the Allen family – put the NFL franchise up for sale. Paul Allen was a co-founder of Microsoft, and “The Estate of Paul G. Allen” has now begun a formal sale process of the franchise due [...]
Inheritance tax haul hits another record February 20, 2026 The government raked in a record amount of cash from inheritance tax, as receipts for the unpopular levy were boosted by frozen thresholds sucking in a record number of taxpayers and ballooning asset prices. The exchequer collected a total of £7.1bn between April 2025 and January 2026 from the tax, official HMRC figures show, a [...]
