Year of the fire horse brings glad tidings as Burberry’s bet on China pays off May 15, 2026 FTSE 100 fashion house Burberry had spooked the market with its drastic cost-cutting turnaround, but its full-year results saw the brand canter back to profit. Felix Armstrong looks at the firm’s renewed focus on Chinese consumers British luxury brand Burberry has identified a symbol of “luck and prosperity” according to its latest collection for the [...]
Championship play-off final may be postponed over spygate, EFL admits May 14, 2026 The EFL have not ruled out postponing the Championship play-off final between Hull and Southampton over recent spygate accusations. Southampton’s semi-final opponents Middlesbrough lodged a complaint with the Championship’s governing body after a man was spotted outside of Boro’s training ground with a camera. Southampton were charged with breaching EFL regulations after Middlesbrough’s complaint but [...]
As it happened: Markets on high alert as Streeting calls on Starmer to resign May 14, 2026 Welcome back to the Morning Wire liveblog. The past few days of political drama have to come to a head today and UK assets are bracing for a showdown. All eyes were on the bond market after Wes Streeting resigned as health secretary and called for a leadership contest. Gilt yields see-sawed yesterday as Sir [...]
BT bags five-year digital contract with BAE Systems May 14, 2026 BT has signed a five-year deal with BAE Systems to provide secure connectivity across the defence giant’s global operations, as military contractors ramp up digital infrastructure spend. The contract will see BT support BAE’s network across 40 countries, with an option to extend the partnership by an additional three years. The deal comes as BAE, [...]
Arsenal sign Deel deal with CEO who is fan of Champions League finalists PSG May 14, 2026 HR firm Deel, whose chief executive supports rival Champions League final side Paris Saint-Germain, will replace Visit Rwanda on the sleeve of Arsenal’s kit. The Gunners, currently top of the Premier League and on the verge of a first title in over 20 years, had initially looked to renew a long-standing deal with the tourism [...]
Lego bricks hit a wall: Iconic toymaker goes digital as spin-off builds profit May 14, 2026 Toy titan Lego’s move away from the small plastic bricks that made it famous is gaining pace, as its digital spin-off made a profit in its first year of operation. Lego Digital Play, which aims to reach a new generation of children who play on their iPads rather than with their hands, turned a £1.4m [...]
Record £4bn revenue for accountancy firms ‘may reinforce’ hawkish rate outlook May 14, 2026 The UK’s accounting sector hit a record high for monthly revenue according to data from the Office for National Statistics out on Thursday, though gains may be short-lived due to the impact of the uncertainty sparked by the Iran conflict. In March, the industry’s revenue spiked by nearly ten per cent to £4.3bn compared to [...]
Plans for 25,000-capacity NBA basketball arena called London Colosseum May 14, 2026 The capital is set to get a 25,000-capacity NBA basketball arena in the Olympic Park called the London Colosseum. Jericho Estates, Peacock Gym, Torch Sports and architects Chybik and Kristof have partnered to produce plans for the stadium, which will be near the London 2012 Olympic Stadium – currently used by Premier League club West [...]
Tate & Lyle shares soar on £2.7bn takeover bid May 14, 2026 Ingredients giant Tate & Lyle soared almost 50 per cent after it received a £2.7bn takeover bid from an American food firm. The FTSE 250 firm saw its shares jump by 45 per cent on Thursday, to 543p, after its board said it is discussing the proposal from US company Ingredion. The bid stands at [...]
Klarna swings back to profit after delivering second $1bn quarter May 14, 2026 Klarna has sealed its first quarterly profit since its blockbuster IPO last year as the firm’s cost-cutting pays off. The Swedish fintech unicorn booked a $17m profit in the first quarter of the year, marking a swing from a $90m loss in the prior year. The return to the black was driven by a 44 [...]