Judge rejects Gatwick Airport bid to block new relaxed runway slot rules June 19, 2026 A High Court judge has refused Gatwick’s request for an immediate emergency freeze to stop the new 70 per cent rule from starting today. The UK government temporarily reduced the “use it or lose it” slot usage requirement at major UK airports, including Gatwick Airport, from the standard 80 per cent to 70 per cent [...]
Regulator wins decade-long pricing tussle with Pfizer June 19, 2026 The UK competition watchdog has won permission to appeal in a case against US pharmaceutical giant Pfizer after a long-running legal battle over allegations of excessive pricing, overturning a previous decision by the Tribunal. The court said the Competition Appeal Tribunal (CAT), was “wrong to set aside the [Competition and Market’s Authority’s] decision” in relation to [...]
Bank of England unveils Armageddon stress test scenario ‘more severe than the financial crisis’ June 19, 2026 The Bank of England is poised to probe how private markets’ respond to a theoretical financial Armageddon scenario in which stocks plummet and prices soars that industry figures have said is more severe than the global financial crisis. Watchdog officials will scrutinise how alternative asset managers react to the scenario’s five-year downturn in financial conditions [...]
SailGP complete sale of last team in fleet to former McLaren and Everton investors June 19, 2026 SailGP chiefs have hailed “a very significant milestone” after MSP Sports Capital’s majority buyout of the New Zealand team took the final outfit into private ownership. Private equity firm MSP sold its stake in McLaren’s Formula 1 team last year and previously loaned £185m to Everton for the construction of their Hill Dickinson Stadium. The [...]
Burnham must walk a tightrope on his ascent to Downing Street June 19, 2026 After Andy Burnham cleared the path for a run at the Labour leadership with an emphatic win in the Makerfield by-election. Maurício Alencar sketches out what an Andy Burnham government could look like – and the balancing act he faces on the way there Despite romping home to victory in the Makerfield by-election on Friday, [...]
Arsenal launch £7k-a-head VIP package with seats behind dugout and player meeting June 19, 2026 Premier League champions Arsenal have launched a new ultra-premium hospitality offering, the Hero Experience, that costs almost £7,000 a head for top games. The VIP package, believed to be the most expensive single ticket in the Premier League, includes seats behind the Arsenal dugout, a private pitch-side tour with a club legend, a shirt or [...]
Professional services firms the ‘flavour of the month’ for cyberattacks June 19, 2026 Professional services firms, particularly law firms, are the “current flavour of the month” for cyberattacks, driven by the valuable client information the sector guards. Speaking to City PM, Holly Waszak, head of cyber claims advocacy at Marsh, said: “We’re seeing insurers come to us with law firms on their books, and they are trying to [...]
MotoGP and manufacturers sign first Formula 1-style Concorde agreement June 19, 2026 MotoGP and its five manufacturers have today signed a first-of-its-kind partnership that mimics Formula 1’s famous Concorde agreement. The two-wheeled motorsporting discipline, owned by Formula 1 parent Liberty Media, this morning agreed what they have called a “defining” agreement between themselves and the five bike manufacturers – Aprilia, Ducati, Honda, KTM and Yamaha – in [...]
Starmer insists he will challenge Burnham in a leadership contest June 19, 2026 Sir Keir Starmer has said he will not stand down as Prime Minister and intends to fight any contest for the Labour leadership, in a challenge to Andy Burnham after his win in the Makerfield by-election. Speaking on Friday morning, Starmer congratulated the former Manchester mayor after he won an emphatic victory over Reform UK [...]
Lloyd’s and Chubb unlock $400m to jumpstart Strait of Hormuz shipping June 19, 2026 The world’s largest insurance marketplace is set to break the Strait of Hormuz logjam with a new $400m (£316m) war-risk facility. Lloyd’s of London has launched a new market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. Insurer Chubb will serve as lead underwriter, [...]
